F.N.B. Corp. (FNB) announced that it will fully redeem all of the preferred stock it sold to the U.S. Treasury in January 2009. The preferred stock was issued by the company to the Treasury Department pursuant to the Capital Purchase Program. The company said it is paying $100.3 million to the U.S. Treasury to redeem the preferred stock, which includes the original investment amount of $100 million plus accrued unpaid dividends of $0.3 million.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.