BRIEF-PrivateBancorp says to redeem all the preferred stock issued to U.S. Treasury under TARP
Oct 11 (Reuters) - PrivateBancorp Inc :
* Announces $125 million subordinated debt offering
* To use proceeds,existing cash resources,to redeem all $243.8 million of
preferred stock issued to treasury under tarp
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*Announces $125 million subordinated debt offering. *To use proceeds, existing cash resources, to redeem all $243.8 million of. preferred stock issued to treasury under tarp.