Fitch gives W.T.B. preferreds BBB

Fitch Ratings said it has assigned a rating of BBB to the $110 million in preferred stock issued by W.T.B. Financial Corp. (rated BBB+/F2) under the Treasury's Capital Purchase Program.

The program is one of the U.S. Government programs established to help stabilize and restore confidence in the U.S. banking system, the agency said.

Fitch noted that this preferred stock issuance represents 3% of W.T.B.'s risk-weighted assets.

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