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CORRECT: US Treasury Earns Net $2.86 Million In Sterling Bancshares Warrant Auction

(The flash headline, "*US Treasury Earns Net $2.86B Via Sterling Bancshares Warrant Auction," and headline at 1230 GMT misstated the amount in billions of dollars. The correct version follows:) WASHINGTON -(Dow Jones)- The U.S. will earn a net $2.86 million from its sale of 2.6 million warrants to purchase shares of Sterling Bancshares Inc. (SBIB) stock, Treasury said Thursday. A secondary offering priced at $1.15 per warrant, above the minimum bid of 85 cents. The deal, scheduled to close around June 15, "represents Treasury's sale of its remaining investment in the company," Treasury said. Treasury received the warrants in exchange for providing the Houston-based bank with $125.2 million in funds from the Troubled Asset Relief Program in December 2008. Sterling shares closed Wednesday at $5, up 22 cents. Sterling was the last warrant auction among six Treasury had planned, with sales already conducted for First Financial Bancorp (FFBC), Wells Fargo & Co. (WFC), PNC Financial Services Group Inc. (PNC), Valley National Bancorp. (VLY) and Comerica Inc. (CMA). -By Tom Barkley, Dow Jones Newswires; 202-862-9275;

Stock News for First Financial Bancorp (FFBC)
09/07/201608:23:42Current Report Filing (8-k)
09/07/201607:45:00First Financial aligns senior leadership to accelerate execution
09/06/201617:21:21Current Report Filing (8-k)
08/17/201611:19:04Statement of Changes in Beneficial Ownership (4)
08/16/201609:49:16Statement of Changes in Beneficial Ownership (4)
08/08/201609:58:35Statement of Changes in Beneficial Ownership (4)
08/05/201616:28:14Quarterly Report (10-q)
08/04/201614:15:19Statement of Changes in Beneficial Ownership (4)
08/03/201615:39:28Statement of Changes in Beneficial Ownership (4)
08/03/201615:05:07Statement of Changes in Beneficial Ownership (4)
08/01/201614:32:45Statement of Changes in Beneficial Ownership (4)
07/29/201616:16:12Current Report Filing (8-k)
07/29/201616:10:08Statement of Changes in Beneficial Ownership (4)
07/29/201616:08:50Statement of Changes in Beneficial Ownership (4)
07/29/201616:07:31Statement of Changes in Beneficial Ownership (4)
07/29/201616:05:23Statement of Changes in Beneficial Ownership (4)
07/29/201616:03:10Statement of Changes in Beneficial Ownership (4)
07/27/201616:30:00First Financial Bancorp. Declares Quarterly Cash Dividend
07/21/201616:21:34Current Report Filing (8-k)
07/21/201616:15:00First Financial Bancorp Reports Second Quarter 2016 Financial...

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