TITLE

An Unusual Tarp Plan: Pay It Back Piecemeal

AUTHOR(S)
McGeer, Bonnie
PUB. DATE
June 2009
SOURCE
American Banker;6/4/2009, Vol. 174 Issue 106, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
41042066

 

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