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Five banks repay U.S. Treasury $353 million

Thu Apr 2, 2009 5:15pm EDT

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WASHINGTON, April 2 (Reuters) - The U.S. Treasury said five banks repaid a total of $353 million in federal bailout funds on March 31, marking the first institutions to return taxpayer capital.

In a transaction report, the Treasury said Signature Bank (SBNY.O) repaid $120 million; Old National Bancorp (ONB.N) repaid $100 million; Iberiabank Corp (IBKC.O) repaid $90 million; Bank of Marin Bancorp (BMRC.O) repaid $28 million; and Centra Financial Holdings repaid $15 million. (Reporting by David Lawder; Editing by Leslie Adler)



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