Charlotte, NC-based, $2.39 trillion-asset Bank of America Corp. (B of A) sent the U.S. Treasury $45 billion last week to repurchase all shares the government had acquired under the Troubled Asset Relief Program (TARP). B of A President and CEO Ken Lewis said of the December 9, 2009 repurchase, “Now that we have cleared this significant hurdle, which demonstrates the strength of our company, we look forward to continuing to play a key role in the economic recovery and helping to meet the challenging needs of our customers and clients.”
Tuesday, December 15, 2009
BANK OF AMERICA EXITS TARP
Charlotte, NC-based, $2.39 trillion-asset Bank of America Corp. (B of A) sent the U.S. Treasury $45 billion last week to repurchase all shares the government had acquired under the Troubled Asset Relief Program (TARP). B of A President and CEO Ken Lewis said of the December 9, 2009 repurchase, “Now that we have cleared this significant hurdle, which demonstrates the strength of our company, we look forward to continuing to play a key role in the economic recovery and helping to meet the challenging needs of our customers and clients.”
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