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Tag Archives: Troubled Asset Relief Program

Regions puts $3.5 billion TARP debt behind it

Just days after closing its sale of investment brokerage Morgan Keegan & Co. to Raymond James, Regions Financial Corp. has paid its $3.5 billion Troubled Asset Relief Program, or TARP, debt. Regions, Mississippi’s market leader in retail banking, said in a press statement Wednesday that it repurchased $3.5 billion of Series A Preferred Stock issued under the U.S. Treasury’s Asset ...

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Regions selling $900 million in stock to help repay TARP

Regions Financial Corp. is setting the stage for repaying $3.5 billion in Troubled Asset Relief Program, or TARP, money it owes the U.S. Treasury. The Birmingham-based bank, which holds the leading market share for banks in Mississippi, Tuesday announced a $900 million common stock offering to raise money to buy back the $3.5 million Series A Preferred Stock issued to ...

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There are options for those with poor credit

Mississippi businesses and consumers who struggle to gain credit can turn to nearly a dozen lenders in the state that have received more than $250 million in low-cost capital from the Treasury Department under the Troubled Asset Relief Program, or TARP. Mississippi’s financial institutions led the nation in total funding from TARP’s Community Development Capital Initiative, pulling in slightly more ...

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Stewart believes federal help is on the way

Small business employs roughly half of the nation’s workers. It’s what drives most of America’s job growth, according to some labor analysts. In his State of the Union speech last month, President Obama touted a slew of federal initiatives aimed at stimulating small business hiring and growth.  One of those initiatives includes a plan to recycle $30 billion of the ...

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Community Bancshares takes federal funds

Other small Mississippi banks choose again not to take part in TARP Washington is considering another round of bailouts for banks that were too small or risky for the first disbursement of Troubled Asset Relief Program (TARP) funds in fall 2008. But “bailout” might not be the right word, since some banks receiving these funds are in good financial standing. ...

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