November 19, 2009
Union Bankshares repays $59 million federal loan
Union Bankshares Corp. said yesterday that it has repaid the $59 million it received from the federal government under the Troubled Asset Relief Program. The Bowling Green-based bank, which is preparing to merge with Richmond-based First Market Bank, has redeemed the preferred stock issued to the Treasury by repaying the money it received in December as part of TARP’s capital purchase program.
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