Banks That Have Repaid Bailout TARP Money
These banks have paid back the Bailout TARP money we lent them.
Remember, Bailout TARP money doesn’t get returned to Treasury or U.S./US. It’s put back into the fund to be lent to other lenders. And the Treasury said they would be using the money in the future.
Here’s a list of the banks that got Bailout TARP money. $700 billion to the bailout the financial system and another $400 billion to bail out Fannie Mae and Freddie Mac, mortgage guarantors.
$1,100,000,000,000.00
$70,049,589,000 has been returned to the Bailout TARP fund.
American Express $3.4 billion
Bank of New York Mellon $3 billion
BB&T $3.1 billion
Capital One Financial Corp. $3.6 billion
Goldman Sachs $10 billion
JPMorgan Chase $25 billion
Morgan Stanley $10 billion
Northern Trust Ill. $1.6 billion
State Street Mass. $2 billion
U.S. Bancorp Minn.$6.6 billion
HF Financial Corp S.D. $25 million
Berkshire Hills Bancorp Mass. $40 million
First Manitowoc Bancorp Wis. $12 million
First Niagara N.Y. $184 million
Washington Federal Inc. Wash. $200 million
SCBT Financial Corp S.C. $64.8 million
Somerset Hills Bancorp N.J. $7.4 million
Alliance Financial Corp N.Y. $26.9 million
Texas Capital Bancshares Texas $75 million
Sterling Bancshares Texas $125.2 million
First ULB Corp Calif. $4.9 million
FirstMerit Corp Ohio $125 million
Independent Bank Corp $78.2 million
TCF Financial Minn.$361.2 million
Shore Bancshares $25 million
Sun Bancorp N.J. $89.3 million
Bank of Marin Bancorp Calif. $28 million
Centra Financial Holdings W.Va. $15 million
IBERIABANK Corp La. $90 million
Old National Bancorp. Ind. $100 million
Signature Bank $120 million
I seem to recall hearing about a state that refused to accept the government bailout money (TARP, or something similar), and was subsequently punished and forced to take it.