New Issue: Treasury Department prices $153.36 million of Dickinson Financial's TARP preferreds

By Stephanie N. Rotondo

Phoenix, Jan. 30 - The U.S. Department of the Treasury auctioned off $153.36 million of Dickinson Financial Corp. II's $1,000-par series A and B fixed-rate cumulative preferred stock issued under the Troubled Asset Relief Program.

The modified Dutch auction began Monday and ended Tuesday.

A total of 146,053 shares of the series A preferreds were price at $552.61 per share. Another 7,303 shares of the series B preferreds were priced at $681.25 per share.

Total proceeds came to $85.69 million.

The Treasury will receive all proceeds.

Dickinson Financial is a Kansas City, Mo.-based financial institution.

Issuer:	Dickinson Financial Corp. II
Total amount:	$153,356,000
Proceeds:	$85,685,517
Pricing date:	Jan. 29
Settlement dates:	Feb. 7-8
Series A fixed-rate cumulative preferred stock
Amount:	$146.05 million, or 146,053 shares
Securities:	Series A cumulative preferred stock
Maturity:	Perpetual
Price:	$552.61 per share
Par:	$1,000
Series B fixed-rate cumulative preferred stock
Amount:	$7.3 million, or 7,303 shares
Securities:	Series B cumulative preferred stock
Maturity:	Perpetual
Price:	$681.25 per share
Par:	$1,000

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