U.S. Bank returns TARP money - Charlotte Business Journal:

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billion in Troubled Asset Relief Program money it took last year fromthe . U.S. Bank USB), based in Minneapolis, had previouslty announced its plans to redeem the preferred stocmk issued tothe Treasury. Last week, it from the government to do so. U.S. Bank also told the Treasuruy it intends to repurchasethe 10-year warrant it had issued along with the preferred “The redemption allows our companu to return to operating from a positionh of both independent strength and strategic flexibility,” said Richard the company’s president, CEO and chairman, in a The Treasury in May announced that U.S.
Bank whicu showed it would be able to ride out the economic downturn without having to raise more Davis has ofthe government’ws capital purchase program. In Februar y he called the program “lousy” and said the bankint industry was pressured to participate inthe