5 US banks repay $353 mn in bailout funds
The administration says five US banks have repaid millions of dollars they received from the government's $700 billion financial bailout pot.
By Agencies |
WASHINGTON: The administration says five US banks have repaid millions of dollars they received from the government's $700 billion financial bailout pot.
The Treasury Department, which oversees the bailout program, says the five banks returned a total of $353 million.
The banks are: Iberiabank Corp. of Lafayette, Louisiana; Bank of Marin Bancorp of Novato, California; Old National Bancorp. of Evansville, Indiana.; Signature Bank of New York; and Centra Financial Holdings Inc. of Morgantown, West Virginia.
They were the first banks to repay the government, wanting to escape the increasingly tough restrictions placed on participants in the rescue program.
The Treasury Department, which oversees the bailout program, says the five banks returned a total of $353 million.
The banks are: Iberiabank Corp. of Lafayette, Louisiana; Bank of Marin Bancorp of Novato, California; Old National Bancorp. of Evansville, Indiana.; Signature Bank of New York; and Centra Financial Holdings Inc. of Morgantown, West Virginia.
They were the first banks to repay the government, wanting to escape the increasingly tough restrictions placed on participants in the rescue program.
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