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11/29/2020

Liberty Pulse

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Washington Federal warrants fetch $15.4 million

1 min read

Washington Federal warrants fetch $15.4 million

The Treasury Department announced Wednesday it had sold its warrants in TARP recipient Washington Federal Inc. for $15.4 million.

The deal is expected to close Monday, when Treasury’s 1,707,456 warrants will sell for $9.15 each.

Washington Federal has 151 bank branches in Arizona, Idaho, Nevada, New Mexico, Oregon, Texas, Utah and Washington. It received $200 million in taxpayer funds through the Troubled Asset Relief Program in November 2008. It paid back the money in May 2009.

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