Comerica repays government for TARP funds

03/18/2010 | Bloomberg · Dallas Morning News (free registration), The

Dallas's Comerica repaid the Treasury Department for the $2.25 billion it received through the Troubled Asset Relief Program. "The investment the government made in Comerica resulted in excellent returns for U.S. taxpayers," CEO Ralph W. Babb Jr. said. "We believe the TARP repayment provides a sound foundation for our future growth." The lender's recent stock sale raised $880 million to repay the Treasury.

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Bloomberg · Dallas Morning News (free registration), The