July 16, 2009 (FinancialWire) — U.S. Bancorp (NYSE: USB) said it has repurchases a warrant held by the U.S. Treasury Department for $139 million. The 10-year warrant was issued on November 14, 2008, as part of the company’s participation in the U.S. Treasury’s Capital Purchase Program.

The warrants entitled the Treasury to purchase 32,679,102 shares of the company’s common stock at an exercise price of $30.29 per share.

Minneapolis-based U.S. Bancorp is the parent company of U.S. Bank, a commercial bank that operates 2,847 banking offices and 5,183 ATMs in 24 states.

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