published Thursday, April 5th, 2012

Region Bank repays TARP

Regions Financial Corp. said Wednesday it has repaid $3.5 billion received during the 2008 financial crisis, the largest outstanding bailout owed by a bank.

The Treasury Department says the government has now been paid back $337 billion of the $415 billion it lent financial institutions and automakers during the crisis under the Troubled Asset Relief Program.

Regions is paying back the government, in part, with proceeds from its $1.2 billion sale of Morgan Keegan & Co., which it sold this week to Raymond James Financial.

about Staff Report...

Get breaking news from the Times Free Press on Twitter at www.twitter.com/timesfreepress or by visiting us on Facebook or Twitter at the right:

videos »         

photos »         

e-edition »

advertisement
advertisement

Find a Business

400 East 11th St., Chattanooga, TN 37403
General Information (423) 756-6900
Copyright, Permissions, Terms & Conditions, Privacy Policy, Ethics policy - Copyright ©2014, Chattanooga Publishing Company, Inc. All rights reserved.
This document may not be reprinted without the express written permission of Chattanooga Publishing Company, Inc.