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The investments range from $13 million to $35 Banks accepted the money for a variety of but the main one was to shore up their capital reserves. accepted TARP money aftetr acquiring troubled and Most of thelocal however, took the money as a sort of insuranc policy against tight capital markets. The TARP money carries a 5 percent annual dividend payable quarterly, for the firsyt five years. Then the dividend increases to9 percent. The investment can’f be repaid for at least thre e years. Here’s a rundown of bank holdinfg companies that took TARP moneyt along with details about the area bankethey own. TARP investment: $21.
74 million Top local executive: Bob Regnier, Totalp assets: Net interest income: $25.w million Deposits: $608.4 million $13.9 million Total risk-based capital 12.22% TARP investment: $30.26 millio Bank:
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