Regional bank unTARPs itself
By Geert De Lombaerde Posted on February 26, 2009 at 9:34 pmAfter accepting $90 million from the Treasury in December, Iberiabank’s board has decided the recent tweaks to the plan – which famously added restrictions on executive compensation – have placed the company (Ticker: IBKC) at “an unacceptable competitive disadvantage.”
Tags: bailout, banking, financial regulation, government intervention, Iberiabank Corp., TARP, Troubled Assets Relief Program, U.S. Department of the Treasury
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