Ten banks allowed to repay TARP funds - Puget Sound Business Journal (Seattle):

http://seponix.com/planning/as-you-know-she-will-always-be-a-safe-versa-lift/
The Treasury Department did not name the10 banks, but said they were beinb approved for early repayment of the federal bailout fundd under the Troubled Asset Reliedf Program (TARP) because the so-callec stress tests performed by the governmentr revealed they were healthy enougy to pay back the money. The departmenrt said the institutions have met the requirements for repayment established by federal banking It noted that many banks recently have raiseds equity capital from private investors and haveissued long-term debt that is not guaranteec by the government.
“These repayments are an encouraging sign offinanciapl repair, but we still have work to Treasury Secretary Tim Geithner said. More than 600 bankws received a total of nearly $200 billion through the department’s Capita l Purchase Program. About $2 billion of this monet was paidback previously. Under the banks that repay their preferres stock can repurchase the warrants that the TreasurtyDepartment holds. Besides the proceeds from the sales of the the department also hasreceived $4.5 billioh in dividend payments from program Proceeds from the repayments to go the Treasury Department’s genera l fund.
They can be used to reduce the national debt and can serve as a cushion in case the departmenr needs to respond to financia emergencies inthe future, the department The list of 10 banks was not publiclty disclosed, but many of the bankss confirmed separately in press releases that they receivec approval to buy back preferred shares sold to the federal including two banks with sizabld Milwaukee-area presences: (NYSE: USB) and J.P. Morgab Chase (NYSE: JPM). U.S. Bank was clearer to repay $6.6 billion in TARP fundsx and Chase was approved to repayall $25 billion in TARP fund it received. Locally based bankes that received TARP funds include and of of Menomonee Falls andin Brookfield.
M&I, the Milwaukee-area'sa largest bank, was not among the list of 10 banks approved to repauy itsTARP funds, according to media M&I said in May that it beganm to sell stock in a sale that could raiser as much as $350 million in proceeds, part of which the bank said it may use to repahy a portion of the $1.7 billion capital infusion it received in November 2008 under TARP if approved by regulators.