Items Tagged with 'Wilmington Trust'

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  • M & T Bank Repays TARP Funds

    M&T Bank, based in Buffalo, NY has repaid $700 million in Troubled Asset Relief Program funds received, which includes an amount owed by Wilmington Trust Corporation that M&T had recently acquired.   Under the capital purchase program, the Treasury received $370 million in shares from M&T and $330 million in shares from Wilmington. The repayment brings the total of repayments to about $252 billion with about $145 billion still outstanding.  When evaluated separately, the TARP capital purchase program will ultimately lead to a $20 billion positive return for taxpayers.  However, according to the CBO, when factored in with other
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