US Treasury sells Central Pacific Financial shares

WASHINGTON, March 30 Fri Mar 30, 2012 8:41am EDT

WASHINGTON, March 30 (Reuters) - The U.S. Treasury Department said on Friday that it is selling the remaining 2,770,117 common shares it holds in Central Pacific Financial Corp at $13.15 a share for expected proceeds of $36 million.

Treasury put $135 million into the company as part of the Troubled Asset Relief Program during the financial crisis and, after the latest sale, will have received proceeds back of $71.9 million.

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