Treasury Rejects U.S. Century Bank Request for $45M TARP Discount

The U.S. Department of the Treasury has rejected a request by U.S. Century Bank and proposed acquirer C1 Bank for a 90 percent discount on repaying taxpayer funds from the Troubled Asset Relief Program (TARP), according to documents obtained by the Business Journal.  That amount of a discount would have been a record setter for TARP repayments by a bank that didn’t fail. read entire article… Author:  Brian Bandell, Source:  South Florida Business Journal