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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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