Blue Valley Ban Corp. repays TARP debt - Kansas City Star

We've had good business development this year."

Regnier mentioned receiving the actual TARP funds "gave us the particular power and richesse to obtain via a very difficult period through the downturn within the economy."

Regnier said the banking organization can be thinking about opening a lot more branches. "We've got a lot of promise," he said. Blue Valley Ban Corp. Treasury in 2013.

Paying off the particular TARP debt is anticipated to cut back your company's price of richesse by concerning $2 million a year, Blue Valley said within its announcement. Blue Valley borrowed $21.75 million by means of your program.

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The banking business stated it paid off the actual TARP debt through the series of financing steps that will included a loan, as well as investments through Regnier and an unidentified investor.

The payment went to private investors which bought Blue Valley's securities from your U.S. "Our long term will be bright."

The Overland Park-based banking business said this week it had received regulatory approval to repay the financial debt it incurred from the Troubled Asset Relief Program, called TARP.

"This is sort of ending one chapter as well as beginning another," stated Robert Regnier, chairman and also chief executive of Blue Valley, the particular parent or guardian organization with the Bank of Blue Valley. Escaping from TARP can be symbolic.

As a component of this transaction, Blue Valley stated it also repaid accumulated dividends along with interest. . has closed it in several federal assistance it received inside 2008 during the great Recession.

"There is actually a perception," mentioned Regnier, "that if you still have TARP, you will still have problems...The bank has been lucrative and is moving forward

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