Financial Business Review: TARP Stock AUCTION Begins At Treasury

The United States Treasury has, on Tuesday, announced the initial public offerings of preferred stock that it holds, left over from TARP, in four publicly-traded banks which include BNC Corporation (NASDAQ:BNCN), First Community Corporation (NASDAQ:FCCO), Guaranty Federal Bancshares, Inc. (NASDAQ:GFED), and Mackinac Financial Corporation (NASDAQ:MFNC). The auction has begun and will conclude on Thursday. Analysts believe that this sale deserves attention because past history suggests that such an investment could be profitable.

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