First Defiance Financial (FDEF) Receives Preliminary Approval for $37 Million From Capital Purchase Program
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First Defiance Financial Corp. (Nasdaq: FDEF) announced that the Treasury Department has preliminarily approved First Defiance's application to participate in the Capital Purchase Program, subject to standard terms and closing conditions. Based on the preliminary approval, the Treasury Department intends to purchase $37.0 million of newly issued First Defiance non-voting preferred stock. Closing of the transaction is expected within 30 days.
First Defiance Financial Corp., headquartered in Defiance, Ohio, is the holding company for First Federal Bank of the Midwest and First Insurance & Investments.[SM]
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