New Issue: Treasury auctions $6.86 million of Fidelity Federal Bancorp's TARP preferred stock

By Stephanie N. Rotondo

Phoenix, July 12 - The U.S. Department of the Treasury priced via a modified Dutch auction $6.86 million of series A and B fixed-rate cumulative perpetual preferred stock issued by Fidelity Federal Bancorp, according to a press release out Friday.

The preferreds were originally issued to the agency under the Troubled Asset Relief Program. The modified Dutch auction began Monday and ended Thursday.

The Treasury sold 6,657 of the series A preferred shares at $1,058.90 each. Another 200 of the series B preferred shares were sold at $1,223.75 per share.

Total proceeds - all of which will go to the Treasury - came to $7.29 million.

Fidelity Federal is an Evansville, Ind.-based financial institution.

Issuer:	Fidelity Federal Bancorp
Trade dates:	July 8-11
Series A fixed-rate cumulative preferred stock
Amount:	$6,657,000, or 6,657 shares
Proceeds:	$7,049,097
Maturity:	Perpetual
Price:	$1,058.90
Liquidation preference:	$1,000
Series B fixed-rate cumulative preferred stock
Amount:	$200,000, or 200 shares
Proceeds:	$244,750
Maturity:	Perpetual
Price:	$1,223.75
Liquidation preference:	$1,000

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