Reuters
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US Treasury begins selling preferred stock in 7 firms
Mon, Jun 11 09:01 AM EDT

WASHINGTON, June 11 (Reuters) - The U.S. Treasury said it would begin selling preferred stock in seven banks acquired during the financial crisis on Monday.

They are Ameris Bancorp, Farmers Capital Bank Corp , First Capital Bancorp Inc, First Defiance Financial Corp, LNB Bancorp Inc, Taylor Capital Group and United Bancorp Inc.

The auction began at 8:30 a.m. (1230 GMT) on Monday and will close on June 13 at 6:30 p.m., the Treasury said in a statement.


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