Daniel Gross

TARP Returns Trickle in

While we were off in China, TARP returns continued to trickle in. The most recent include three banks exiting the Capital Purchase Program and a payment by AIG.

On November 2, three banks that participated in the Capital Purchase Program paid back about $7.14 million. They were:

American State Bancshares, Great Bend, Kansas: $6 million, plus $300,000 for warrants granted Treasury.

Salisbury Bancorp, Lakeville, CT, $205,000 for warrants granted Treasury.

Butler Point, Inc., Catin, IL, $607,000 plus $30,000 for warrants granted Treasury.

On November1 , AIG paid back $972 million to Treasury.

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