November 28, 2011 -- The U.S. Department of the Treasury announced that two financial institutions have repurchased Troubled Asset Relief Program (TARP) Capital Purchase Program (CPP) investments, delivering a total of $210 million in proceeds for taxpayers. The Bank of Kentucky Financial Corporation (Crestview Hills, Ky.) and First Midwest Bancorp, Inc. (Itasca, Ill.) both repurchased all outstanding CPP preferred shares from Treasury’s original investment in the institutions. Treasury continues to hold warrants to purchase common stock in Bank of Kentucky Financial Corporation and First Midwest Bancorp, Inc. Taxpayers have now recovered more than $258 billion from TARP’s bank programs through repayments, dividends, interest, and other income. That exceeds the original financial support Treasury made through those programs ($245 billion) by approximately $13 billion.
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