Does the tarp money have to be paid back in one lump sum or can they pay 50% and then the rest?
It could be, but it would not make sense. Interest wise, the rate is low until 1-1-14, then it goes to 9. Probably smart not to pay until rate increase. I have read several things on line that SNV has the money to pay the debt.
Ballance will be at 9% after 2013.