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Note 14: Subsequent Events
9 Months Ended
Mar. 31, 2015
Notes  
Note 14: Subsequent Events

Note 14: Subsequent Events

 

On May 8, 2015, Treasury notified the Company that it had accepted the Company’s offer to repurchase for $2.7 million the warrant held by Treasury for the purchase of 231,891 shares of the Company’s common stock at an exercise price of $6.18 per share. As indicated in Note 11, the warrant was issued by the Company to Treasury on December 5, 2008, as part of the Company’s participation in the TARP Capital Purchase Program.  Settlement for the repurchase of the warrant is expected to occur on or about May 13, 2015.