TITLE

Six banks that owe walk TARP tightrope

AUTHOR(S)
Mclaughlin, Kathleen
PUB. DATE
July 2012
SOURCE
Indianapolis Business Journal;7/23/2012, Vol. 33 Issue 21, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the push of the U.S. Treasury on community banks in Indiana to repay their debt provided under the Troubled Asset Relief Program (TARP). It notes that this could be good news for banks with strong balance sheets as they could take it as an opportunity to buy back their shares at discounted rates. The Treasury notifies that the banks will have until August 6, 2012 to opt out through repurchase bidding.
ACCESSION #
78124318

 

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