It has been a big month for West Virginia’s Centra Bank, whose executives have been interviewed in the New York Times, USA Today, the Wall Street Journal and on Fox News. On March 31, Centra became one of the first five banks to repay a TARP loan — and it’s mad as hell about the terms. The way Centra sees it, the bank was stuck with what it terms an “early repayment penalty” of $750,000 for paying back its $15 million injection just ten weeks after it had received it.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=143497