The Treasury Department announced that six financial firms repaid funds they had received in the government's Wall Street bailout, delivering about $2.7 billion to taxpayers.
Through the Troubled Asset Relief Program, created in 2008, the Treasury supplied capital to banks and other financial companies sent reeling by the financial crisis.
As the economy recovers, companies that took Tarp money have been making repayments and even delivering accrued dividends.
The Treasury disbursed $389 billion in Tarp money in all. On Wednesday, it said repayments along with investment income, including dividends and interest, now total $269 billion.
The $2.7 billion figure included repayments and dividends. On Wednesday, Treasury said Huntington Bancshares in Columbus Ohio, repurchased $1.4 billion in Tarp investments and paid $7.2 million in dividends.
First Horizon National Corp. in Memphis, Tenn., repurchased $866.5 million in Tarp investments and paid $4.5 million in dividends.
Wintrust Financial Corp. in Lake Forest, Ill., repurchased $250 million and paid $1.3 million in dividends.
Susquehanna Bancshares Inc. in Lititz, Pa., repurchased $100 million and paid $513,889 in dividends.
Heritage Financial Corp. in Olympia, Wash., repurchased $24 million and paid $123,333 in dividends.
Bank of Kentucky Financial Corp. in Crestview Hills repurchased $17 million and paid $87,361 in dividends.
