Daniel Gross

10 Banks Returned $280 m in TARP funds to Treasury in December

We've been tracking, in minute and excruciating detail, the process through which America's banks have been paying back taxpayers for the "investments" (read: bailouts) they received in 2008 and 2009 through TARP. Updates can be seen here.

TARP returns continued to trickle in through December, with 10 banks returning nearly $280 million.

Here are the latest exits:

December 28:

Customers Bancorp of Phoenixville, Pennsylvania, exited by paying back $2.9 million and paid another $145,000 for preferred shares given to Treasury in lieu of warrants.

People's Bancorp of Marietta, Ohio, exited by paying back the remaining $18 million of the original $39 million it owed.

Mission Community Bancorp of San Luis Obispo, California, exited by paying back $5.116 million in preferred shares.

Stellar One Corporation, of Charlottesville, Virginia, paid back the remaining $22.5 million of the original $30 million Treasury investment.

Pinnacle Financial Partners of Nashville, Tennessee, paid back $23 million of the $95 million Treasury investment.

December 21:

First American Bank Corp., of Elk Grove Village, IL, paid back $15 million of the $35 million Treasury investment.

December 14:

State Bancorp, of Jericho, NY, exited by paying back $36.8 million to Treasury.

North Central Bancshares, of Ford Dodge, Iowa, exited by paying back $10.2 million to Treasury.

December 7

S&T Bancorp of Indiana, Pennsylvania, exited by paying back $108.7 million to Treasury.

Union First Market Bankshares Corporation, of Bowling Green, Virginia, exited by paying back $35.6 million.

Daniel Gross is economics editor at Yahoo! Finance

follow him on Twitter @grossdm; email him at grossdaniel11@yahoo.com

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