On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1450 AM Holland, MI

Weather

Current Conditions(Holland,MI 49422)

More Weather »
72° Feels Like: 72°
Wind: WSW 9 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

PM Thunderstorms 80°

Tonight

Scattered Thunderstorms 65°

Tomorrow

Partly Cloudy 75°

Alerts

Independent Bank Corporation exits TARP

Cash money
Cash money

IONIA (WKZO) -- Michigan-based Independent Bank is now out of the federal government's hands.

The bank exited the Troubled Asset Relief Program, or TARP, on Tuesday.  The U.S. Treasury Department was paid 81-million dollars by the bank in August to get out.

Independent Bank received a 71-million dollar investment from the federal government in December 2008 to enter TARP as the Bush administration bailed out banks nationwide to prevent a financial collapse.

Comments