US Bank can repay $6.6B in TARP funds

Jun 9th, 2009 - bizjournals

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U.S. Bancorp has received approval from the U.S. Treasury Department to repay all $6.6 billion in Troubled Asset Relief Funds it had received, the bank announced Tuesday.

U.S. Bank (NYSE: USB) will also repurchase the 10-year warrant that had entitled the Treasury to purchase shares of U.S. Bank’s common stock. Nine other banks were also approved to repay their TARP funds Tuesday, according to a report in The Wall Street Journal. The list was not made public.

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