Treasury's auction of First Financial Service TARP securities delayed

By Stephanie N. Rotondo

Phoenix, April 19 - Citing technical issues, the Department of the Treasury extended its auction of securities issued by First Financial Service Corp. to 6 p.m. ET on Friday.

The modified Dutch auction was originally slated to end on Thursday. The results will be released on Monday.

The Elizabethtown, Ky.-based bank issued the $1,000-par securities to the federal agency under the Troubled Asset Relief Program.

First Financial will not receive any proceeds from the sale.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.