Six banks that owe walk TARP tightrope

Mclaughlin, Kathleen
July 2012
Indianapolis Business Journal;7/23/2012, Vol. 33 Issue 21, p3
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.


Related Articles

  • SIGTARP: TARP COMMUNITY BANKS FACE UPHILL BATTLE.  // Pratt's Bank Law & Regulatory Report;2011, Vol. 17 Issue 11, p6 

    The article focuses on the report of the Special Inspector General for the Trouble Asset Relief Program (SIGTARP) which outlines the need for the U.S. Department of Treasury to develop a Troubled Relief Program exit for community banks. The report notes the needed exit of community banks from...

  • STILL STUCK ON TARP. Snyder, Naomi // Bank Director;2012 3rd Quarter, Vol. 22 Issue 3, p21 

    The article discusses the outcome of the U.S. Treasury Department's Troubled Asset Relief Program (TARP). It discusses what happens to TARP banks in the Capital Purchase Program when annual dividends rate on the preferred stock increases. It explains why community banks are the ones struggling...

  • For Some, Getting Out of Tarp May Mean Getting Bought Out. Davidson, Kate // American Banker;1/3/2011, Vol. 176 Issue 1, p1 

    The article discusses the plight of small banks struggling to pay back government loans they received through participation in the U.S. Treasury Department's Troubled Asset Relief Program (TARP). In many instances these bank are unable to either pay TARP dividends or raise the capital required...

  • Treasury to Auction Stakes in Flagstar, Six Other Banks. Cumming, Chris // American Banker;3/11/2013, Vol. 178 Issue 37, p6 

    The article reports that the U.S. Department of the Treasury will conduct an auction to sell its holdings of stock in seven community banks including Flagstar Bancorp, Old Second Bancorp and Alliance Bancshares which it purchased as part of the Troubled Asset Relief Program (TARP).

  • Report: 390 Banks Stuck in Tarp Need an Exit Strategy. Wack, Kevin // American Banker;10/27/2011, Vol. 176 Issue 166, p16 

    The article discusses a report from the U.S. Special Inspector General for the Troubled Asset Relief Program (Tarp). The report recommends the Treasury Department create an exit strategy for the 390 community banks that remain in Tarp because many are not paying the dividend or interest owed to...

  • Some Small Banks Taking To Tarp, Despite Baggage. Fajt, Marissa // American Banker;6/26/2009, Vol. 174 Issue 122, p1 

    The author reports on the opinions of small banks regarding the U.S. Troubled Asset Relief Program (TARP). The author states that many small banks see TARP as a way in which to receive capital that they can use to fund loans. Changes that have been made by the U.S. Treasury Department in regards...

  • Small Banks Have Their Own Story On TARP's Chapter in History. Allen, Mike // San Diego Business Journal;2/13/2012, Vol. 33 Issue 7, p13 

    The article focuses on reasons behind the participation of San Diego, California-based small banks in the U.S. Treasury Department's Troubled Asset Relief Program (TARP). It is said by Security Business Bank of San Diego (SBB) chief executive Paul Rodeno that the bank has accepted the TARP money...

  • An Unusual Tarp Plan: Pay It Back Piecemeal. McGeer, Bonnie // American Banker;6/4/2009, Vol. 174 Issue 106, p1 

    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...

  • Status of Efforts to Address Transparency and Accountability Issues. Dodaro, Gene L. // GAO Reports;3/19/2009, preceding p1 

    The article provides information on the U.S. Department of Treasury's financial stability plan and its ongoing work on the implications of actions related to the financial crisis on federal debt management in the U.S. It focuses on the nature and purpose of the activities under the Troubled...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics