Repayment of TARP at this time, business wise it may not be smart business. I understand from several reports SNV has the money to repay TARP, but the interest is very, very low. The rate is supposed to go up 1-1-14. They may be losing money if repayment now rather than at the end of year. Just a thought.
greenback, i think u have it right. I dabble in "tarp" banks, and many of them use a combination of cash and preferred to p/o tarp. The Feds wont let them use too much cash. The pay off is actually managed by the Feds, the bank only recomends method of paying off.