The U. S. Treasury on Friday revealed that it hopes net proceeds of about $6.56 million from the auction of warrants in Texas Capital Bancshares Inc, which were priced at $8.85 each, as a part of the assistance it extended to the bank during the financial crisis.

The Treasury revealed to have sold nearly 758,000 warrants in an auction with a sales price of $8.85 per warrant in order to purchase common stock in Texas Capital represents the sale of the Treasury's remaining investment in the Dallas-based bank holding company.

The sale is speculated to end by March 17.

The deal is reported to be the last of three auctions this week of warrants in banks that have paid back Treasury bailout funds.

Combined together they net amounted to $33.1 million for taxpayers after costs -- more than $10 million over the amount expected at the minimum bid price.

After negotiations of some initial deals to sell warrants back to financial institutions and facing high rebuke that it agreed for too low a price, the Treasury has largely changed its track landing in public auctions for warrants, run by Deutsche Bank Securities.