BNCCORP, Inc. (BNCC)

[norweger1979]

Regarding...

Treasury Department Announces $45.1 Million in Proceeds from Pricing of Auctions of Preferred Stock of Four Financial Institutions

3/7/2014

Auctions Part of Treasury’s Continued Efforts to Wind Down TARP’s Bank Programs

**Proceeds Deliver Additional Profit for Taxpayers on TARP’s Bank Programs

WASHINGTON – As part of the strategy it outlined for winding down its remaining Troubled Asset Relief Program (TARP) bank investments, the U.S. Department of the Treasury announced that it priced auctions of preferred stock (the “CPP Securities”) in the following four institutions at the following prices:

Issuer and Security

BNCCORP, Inc., Bismarck, ND

Fixed Rate Cumulative Perpetual Preferred Stock, Series A
Price per share: $1,001.08
Number of shares: 20,093
Aggregate Gross Proceeds: $20,114,700.44



The Preferred Stock A Series (or most of it) shows up as a holding of StoneCastle Partners as of Sept 30th 2014

http://www.stonecastle-financial.com/investors.jsp#holdingsTab