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22 More Banks Exit TARP, Repaying $406 million

Will the last one to leave TARP please turn off the lights? Over the last several weeks, we've been documenting how the pace of banks exiting TARP by buying back the shares Treasury bought back in 2008 and 2009 has picked up. Most of the activity has been fueled by the creation of a new Treasury lending program, the Small Business Lending Fund, which offers somewhat better terms than TARP and doesn't carry the same stigma. Every week, another handful of smallish banks departs, as we've documented here, here, and here.

A new batch has just left. By my count, that's 22 banks paying back $406.1 million.

Heartland Financial USA, Dubuque, IA: $81.7 million

Center Bancorp, Union, NJ: $10 million

Security California Bancorp, Riverside, CA: $6.85 million, plus $341,000 for preferred shares issued Treasury in lieu of warrants

United Financial Banking Companies, Vienna VA: $2.658 million, plus $283,000 for preferred shares issued Treasury in lieu of warrants

WTB Financial, Spokane, WA: $110 million, plus $5.5 million for preferred shares issued Treasury in lieu of warrants

Northway Financial, Berlin, NH: $11 million, plus $550,000 for preferred shares issued Treasury in lieu of warrants

First Resource Bank, Exton, PA: $5 million, plus $130,000 for preferred shares issued Treasury in lieu of warrants

QCR Holdings, Moline, IL: $38.2 million

First Menasha Bancshares, Neenah, WI: $4.8 million, plus $240,000 for preferred shares issued Treasury in lieu of warrants

Guaranty Bancorp, Woodsville, NH: $6.92 million, plus $346,000 for preferred shares issued Treasury in lieu of warrants

California Bank of Commerce, Lafayette, CA: preferred $4 million, plus $200,000 for preferred shares issued Treasury in lieu of warrants

Avenue Financial Holdings, Nashville, TN: $7.4 million, plus $370,000 for preferred shares issued Treasury in lieu of warrants

FNB Bancorp, South San Francisco, CA: $12 million, plus $600,000 for preferred shares issued Treasury in lieu of warrants

First Texas BHC, Fort Worth, TX: $13.533 million, plus $677,000 for preferred shares issued Treasury in lieu of warrants

Ameribank Holding Company, Collinsville, OK: $2.5 million, plus $125,000 for preferred shares issued Treasury in lieu of warrants

First Northern Community Bancorp, Dixon, CA: $17.4 million

Moneytree Corp., Lenoir City, TN: $9.5 million, plus $476,000 for preferred shares issued Treasury in lieu of warrants

Fortune Financial Corporation, Arnold, MO: $3.1 million, plus $155,000 for preferred shares issued Treasury in lieu of warrants

Sword Financial Corp., Horlcon, WI: $13.644 million, plus $682,000 for preferred shares issued Treasury in lieu of warrants

Community Bancshares of Indiana, New Albany, IN: $19.5 million

Harbor Bancshares Corp., Baltimore, MD: $11 million, plus $550,000 for preferred shares issued Treasury in lieu of warrants

Regents Bancshares, Vancouver, WA: $4 million, plus $175,000 for preferred shares issued Treasury in lieu of warrants

 Daniel Gross is economics editor at Yahoo! Finance

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