Northwest Bancorporation NBCT announced today the redemption on December 31, 2013 of all remaining shares of its outstanding Fixed Rate Cumulative Perpetual Preferred Stock, Series A ("Series A Preferred Stock") and Fixed Rate Cumulative Perpetual Preferred Stock, Series B ("Series B Preferred Stock") (collectively, the "Preferred Stock") that were issued under the Troubled Asset Relief Program ("TARP") Capital Purchase Program. A total of 10,500 shares of Series A Preferred Stock and 525 shares of Series B Preferred Stock were redeemed from third parties that had purchased the Preferred Stock from the United States Department of the Treasury earlier this year.
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