C&F exits TARP with repurchase of warrant

C&F Financial Corporation announced the repurchasing of a warrant from the U.S. Department of the Treasury on May 14.

The warrant purchased 167,504 shares of C&F’s common stock at an exercise price of $17.91 per share. The warrant was issued in January 2009 and C&F repurchased the warrant for a price of $2.3 million.

The corporation is the one-bank holding company for C&F Bank.