An Unusual Tarp Plan: Pay It Back Piecemeal

McGeer, Bonnie
June 2009
American Banker;6/4/2009, Vol. 174 Issue 106, p1
Trade Publication
The article discusses repayment of the funds offered by the U.S. Troubled Asset Relief Program (TARP). Valley National Bancorp has become the first banking company to present a partial repayment of TARP funds to the U.S. Treasury Dept. Gerald H. Lipkin, chairman, president, and chief executive officer of Valley, says it could give back the entire $300 million it received but is being cautious due to the continuing recession.


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