Wells Fargo repays $25 billion TARP bailout

Wells Fargo & Co, the fourth-largest U.S. bank by assets, on Wednesday said it repaid the $25 billion government bailout it received during the financial crisis, after last week selling $12.25 billion in stock.

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Wells Fargo also paid dividends of $131.9 million to the government as part of the repayment, it said in a statement. The bank has paid $1.44 billion in dividends on the government's investment since it took the bailout, it said.

San Francisco-based Wells Fargo was among the last of the largest banks to repay bailout money received from the government during the crisis in 2008.

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Bank of America earlier this month returned $45 billion it took under the government's Troubled Asset Relief Program, and Citigroup last week sold $20 billion in stock and bonds to help repay its bailout.

The U.S. Treasury still holds warrants to buy about 110 million shares in Wells Fargo, the bank said.