Four more banks complete TARP share repurchase

Four more banks have repaid TARP funds this past week. To date, a total of eleven banks have repaid TARP funds totaling $1.03654 billion plus accrued dividends.

A full list of TARP recipients along with who has paid back TARP funds is available on a new government website called FinancialStablity.gov. The latest TARP Transactions Report is available under the Reports and Filings section.

TARP Paybacks this week...

TCF Financial (Ticker: TCB) fully repaid TARP funds on April 22nd. They bought back the preferred shares issued to the Treasury Department for $361.172 million plus accrued dividends of $3.4 million. They originally received the funds on Nov. 14th.

FirstMerit (Ticker: FMER) fully repaid TARP funds on April 22nd. They bought back the preferred shares issued to the Treasury Department for $125 million plus accrued dividends of approximately $1.16 million. They originally received the funds on Jan. 9th.

Independent Bank (Ticker: INDB) fully repaid TARP funds on April 22nd. They bought back the preferred shares issued to the Treasury Department for $78.158 million plus accrued dividends of approximately $727,000. They originally received the funds on Jan. 9th.

First ULB fully repaid TARP funds on April 22nd. They bought back the preferred shares issued to the Treasury Department for $4.9 million plus accrued dividends. They originally received the funds on Jan. 23rd.