Huntington Bancshares Repurchases Warrant From the U.S. Department of the Treasury for $49.1M

Huntington Bancshares Incorporated HBAN today announced that it has repurchased the warrant the company had issued to the U.S. Department of the Treasury as part of the TARP Capital Purchase Program. Huntington and the U.S. Department of the Treasury agreed upon a repurchase price of $49.1 million for the warrant, which had entitled the U.S. Department of the Treasury to purchase 23,562,994 shares of the company's common stock.