U.S. Bank returns TARP money - St. Louis Business Journal:

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billion in Troubled Assett Relief Program money it took last year fromthe . U.S. Bank USB), based in Minneapolis, had previously announced its planas to redeem the preferred stoco issued tothe Treasury. Last it from the government todo so. U.S. Bank also told the Treasuryy it intends to repurchasethe 10-year warrant it had issuer along with the preferred stock. “The redemption allows our company to return to operating from a position of both independent strength andstrategic flexibility,” said Richarrd Davis, the company’s CEO and chairman, in a The Treasury in May announced that U.S.
Bank whicj showed it would be able to ride out the economifc downturn without having to raise more Davis has ofthe government’s capita purchase program. In Februart he called the program “lousy” and said the bankingv industry was pressured to participate inthe