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FirstMerit Corporation Files Notice to Redeem $125 Million of Preferred Stock Held by the United States Department of Treasury.

Publication: PR Newswire
Publication Date: 16-APR-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
AKRON, Ohio, April 16 /PRNewswire-FirstCall/ -- FirstMerit Corporation ("FirstMerit") announced today that it has filed notice with the United States Department of the Treasury (the "Treasury") to redeem all 125,000 currently outstanding shares of its Fixed Rate Cumulative Perpetual Preferred Shares, Series A, each without par value and having a liquidation preference of $1,000 per share (the "Preferred Shares"), at a total redemption price of $125 million plus a final...

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