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Heritage Bankshares Inc. Message Board

  • barkingdog78 barkingdog78 Sep 4, 2013 2:45 AM Flag

    Private TARP was a great deal for HBKS!

    1) The TARP warrants killed the other banks ... HBKS didn't have to worry about that.

    2) Conversion to SBLF was like free money ... basically paying 1% interest.

    3) Still plenty of time to pay off SBLF before the SBLF interest rate rises. Bank will likely be sold first!

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