BNC Bancorp’s redemption plan allows for TARP exit - Winston-Salem Journal: Business News

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BNC Bancorp’s redemption plan allows for TARP exit

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Posted: Friday, April 26, 2013 7:15 pm

BNC Bancorp has secured a loan that will enable it to redeem all 31,260 preferred shares related to its participation in the federal Troubled Asset Relief Program.

The transaction is scheduled to take place Monday, the High Point bank said Friday.

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