Wednesday, April 1, 2009

Local TARP

It appears Old National Bank accepted about $100 million in TARP bail out funds last fall and is now repaying them since the bank meets the stress test. It was probably a good idea for the bank to not publicize its acceptance of the funds as banks that took TARP funding are viewed as taking them because of financial problems. There would have been questions about Old National's financial soundness, no matter what the bank said.

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