07:42 AMTaxpayers could be left to absorb a $10B loss on stock warrants being sold back to banks who are repaying their TARP loans, based on the 80% discount Old National Bancorp (ONB) - the first bank to come to terms - received.
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Wednesday, April 1, 2009
08:01 AM
Four small banks become the first to repay TARP funds: Signature Bank (SBNY) returns $120M, Old National Bancorp (ONB) returns $100M, Iberiabank (IBKC) returns $90M and Bank of Marin Bancorp (BMRC) returns $28M.
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