REFILE-US Treasury nets $6.6 mln on Texas Capital warrants

(Refiling to fix date and day of the week in first paragraph)

WASHINGTON, March 12 (Reuters) - The U.S. Treasury said on Friday it expects net proceeds of about $6.56 million from the auction of warrants in Texas Capital Bancshares Inc (TCBI.O), which were priced at $8.85 each.

The modified Dutch auction on Thursday of the 758,086 warrants to purchase common stock in Texas Capital represents the sale of the Treasury's remaining investment in the bank. The sale is expected to close on March 17.

Treasury received the warrants as part of capital investments it made in Texas Capital and other financial institutions under the Troubled Asset Relief Program. It offered the Texas Capital warrants in the auction at a minimum bid price of $6.50 each