Another bank has unloaded its holdings in trust preferred collateralized debt obligations as a result of the Volcker Rule.

WashingtonFirst Bankshares in Reston, Va, said in a press release today that it liquidated its investment in a single CDO on Dec. 19 for $700,000, or $1.4 million below its book value. The sale will result in an after-tax charge of approximately $900,00, or 12 cents a share, to the company’s fourth quarter net income.

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