November 19, 2009

Union Bankshares repays $59 million federal loan  11/19/09 12:01 AM

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.

Advertisement

Advertisement

Advertisement