A pair of banking companies said late Wednesday that they had left the Troubled Asset Relief Program.
The $9 billion-asset National Penn Bancshares Inc. said it redeemed its warrants for $1 million. The Boyertown, Pa., company had received $150 million in Tarp funds.
The $245 million-asset Hamilton State Bancshares Inc. repurchased the rest of its preferred stock from the Treasury Department on Wednesday. The Braselton, Ga., company, which had received $7.4 million in Tarp funds in early 2009, raised $231.6 million in capital in February to exit Tarp and make acquisitions.