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03/01/2021

Liberty Pulse

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Three more TARP recipients have returned money

1 min read

Three more TARP recipients have returned money

Discover Financial Services, Susquehanna Bancshares Inc., and Hilltop Community Bancorp, Inc. have redeemed all or part of the preferred stock they sold to the Treasury Department through the Troubled Asset Relief Program.

Discover and Hilltop returned all of their TARP money, while Susquehanna still has another $100 million to repay before it can exit the program. The moves reduced the amount of TARP aid outstanding by more than $1.42 billion.

As of April 26, nearly $137.3 billion of the $204.9 billion in taxpayer money provided to banks under TARP had been repaid…

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