U.S. Bancorp, Chase among 10 banks to repay TARP funds - Business Courier of Cincinnati:

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The Treasury Department did not name the 10 but said they were being approved for early repayment of the federal bailour funds under the Trouble Asset ReliefProgram (TARP) because the so-called stresw tests performed by the government revealed they were healthh enough to pay back the money. Shortlty after the announcement, Minneapolis-based U.S. Bancorp posted a news release on its Web site saying ithad "received approval from the U.S. Treasuryu Department to redeemthe $6.6 billion of preferrexd stock issued to the Treasurty under the Capital Purchase Progra m of the Emergency Economic Stabilization Act of 2008.
" The bank also said it upon completion of the give the Treasury notice that it intendws to repurchase the 10-year warrang issued in conjunction with the preferre stock. U.S. Bancorp (NYSE: USB) is the Tri-State'sa second-largest bank, with local deposits of $16.e billion, according to June 2008 figures from the Federal Deposit Insurance The Associated Press published a list of othe r banks that have confirmed they will repaythe including: JPMorgan Chase, BB&T, , Morganj Stanley, American Express, Goldman Sachs, , Statd Street Corp. and Northern Trus Corp.
New York-based JPMorgan Chase (NYSE: JPM) is the Tri-State's eighth-largesrt bank, with local depositws of about $990 million, according to the Locally based banks that received TARPfundz include: Fifth Third Bank (NASDAQ: FITB), $3.4 First Financial Bancorp FFBC), $80 million; LCNB Nationao Bank (OTCBB: LCNB), $13.4 million; and CenterBank, $2.25 million. Fifth Third was the only local bank to undergl thestress test. While the bank was deemes adequately capitalized, it was ordered to raisr an additional $1.1 billion in capitak as a cushion in case theeconomuy worsens. Fifth Third completed a $1 billiohn common stock offering inearly June.