The Tarp-o-Meter Donor Roll

The Tarp-o-Meter Donor Roll

Who's Paid Back What

Posted Tuesday, April 28, 2009 - 12:13pm

All good philanthropies distinguish between their most elite donors and their less-important ones, who give in smaller amounts. That's why here at The Big Money, we've decided to suggest some standards for those financial institutions who have paid the Treasury back and who we're tracking with our TARP-o-Meter feature. Check out the names of the banks that have been kind enough to promptly return their share of TARP funds, how much they've given back, and the donor classes their contributions afforded them. (Note: All participants in TARP received a thank-you basket including example balance sheets and a lifetime supply of pocket calculators. We hope.)

Henry Paulson's Platinum Circle (Repaid $5 billion or more):

* June 17, 2009: JP Morgan (JPM) of New York returned $25 billion.
* June 17, 2009: Morgan Stanley (MS) of New York returned $10 billion.
* June 17, 2009: Goldman Sachs (GS) of New York returned $10 billion.

Tim Geithner's Golden Circle (Repaid $1 billion to $5 billion):

* July 14, 2009: Chrysler Financial Services of Farmington Hills, Mich., returned $1.5 billion.
* June 17, 2009: Capital One (COF) of Mclean, Va., returned $3.55 billion.
* June 17, 2009: American Express (AXP) of New York returned $3.4 billion.
* June 17, 2009: BB&T Corporation (BBT) of Winston-Salem, N.C., returned $3.1 billion.
* June 17, 2009: Bank of New York Mellon (BK) of New York returned $3 billion.
* June 17, 2009: State Street (STT) of Boston returned $2 billion.
* June 17, 2009: Northern Trust (NTRS) of Chicago returned $1.576 billion.

Neel Kashkari's Silver Circle (Repaid $500 million to $1 billion):
N/A

Elizabeth Warren's TARP Club (Repaid less than $500 million):

* July 20, 2009: Old Line Bancshares (OLBK) of Bowie, Md., returned $7 million.
* July 8, 2009: First Community Bancshares (FCBC) of Bluefield, Va., returned $41.5 million.
* June 3, 2009: Home Federal Financial Corp. (HFFC) of Sioux Falls, S.D., returned $25 million.
* June 3, 2009: Valley National Bancorp (VLY) of Wayne, N.J., returned $75 million.
* May 27, 2009: Berkshire Hills Bancorp (BHLB) of Pittsfield, Mass., returned $40 million.
* May 28, 2009: First Niagara Financial Group (FNFG) of Lockport, N.Y., returned $184 million.
* May 27, 2009: First Manitowoc Bancorp Inc. (FMWC) of Manitowoc, Wis., returned $12.6 million.
* May 27, 2009: Washington Federal Savings Inc. (WFSL) of Seattle returned $200 million.
* May 20, 2009: South Carolina Bank and Trust (SCBT) of Columbia returned $64.8 million.
* May 20, 2009: Somerset Hills Bancorp (SOMH) of Bernardsville, N.J., returned $7.4 million.
* May 13, 2009: Alliance Financial Corp. (ALNC) of Syracuse, N.Y., returned $26.9 million.
* May 13, 2009: Texas Capital Bancshares (TCBI) of Dallas returned $75 million.
* May 5, 2009: Sterling Bancshares (SBIB) of Houston, Tex., returned $125.2 million.
* April 22, 2009: First United Labor Bank Corp. of Oakland, Calif., returned $4.9 million.
* April 22, 2009: FirstMerit Corporation (FMER) of Akron, Ohio, returned $125 million.
* April 22, 2009: Independent Bank Corp. (INDB) of Rockland, Mass., returned $78.158 million.
* April 22, 2009: TCF Financial Corporation (TCB) of Wayzata, Minn., returned $361.2 million.
* April 15, 2009: Shore Bancshares (SHBI) of Easton, M.D., returned  $25 million.
* April 8, 2009: Sun Bancorp (SNBC) of Vineland, N.J., returned $89.31 million.
* March 31, 2009: Signature Bank (SBNY) of New York returned $120 million.
* March 31, 2009: Old National Bancorp (ONB) of Evansville, Ind., returned $100 million.
* March 31, 2009: Iberiabank Corp. (IBKC) of Lafayette, La., returned $90 million.
* March 31, 2009: Bank of Marin Bancorp (BMRC) of Navato, Calif., returned $28 million.
* March 31, 2009: Centra Financial Holdings of Morgantown, W.V., returned $15 million.

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  • Gabriel Beltrone is an intern at The Big Money.
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