Smaller banks in no rush to repay TARP funds

12/22/2009 | Forbes

The country's major banks, including JPMorgan Chase, Bank of America, Wells Fargo and Citigroup, rushed to repay the funds they received through the Troubled Asset Relief Program. So far, $146 billion of the $205 billion the Treasury lent to the banks has been repaid. Many of the smaller financial institutions, however, are not in a rush to repay the TARP funds, and that might bode well for taxpayers as most of the money is expected to be returned with interest.

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