August 21, 2012 / 2:13 PM / 5 years ago

Treasury to sell preferred stock in five firms

WASHINGTON (Reuters) - The Treasury said on Tuesday it will sell preferred stock in five banks acquired during the financial crisis.

The preferred shares are in BNC Bancorp, First Community Corporation, First National Corporation, Guaranty Federal Bancshares and Mackinac Financial Corporation.

Treasury said the auctions would begin on Tuesday at 10 a.m.

Reporting by Jason Lange; Editing by Chizu Nomiyama

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