Deferred interest and dividends are being paid off.
One example would be a small bank in Seattle that owes $7MM on it's TARP debt from 2009. The UST basically said that if the bank can raise the $7MM from private funds, and replace those TARP funds, that the bank would only have to pay back half what it owed (or $3.5MM). There are other examples that I see cropping up in other situations as well.
Learn something new every time you invest...and take it with you to the next opportunity.
Recent BNCC News
- BNCCORP To Be Acquired By OppFi in Transformative Customer-Focused Transaction • PR Newswire (US) • 04/29/2026 11:00:00 AM
- OppFi Announces Definitive Agreement to Acquire BNCCORP, Inc. and BNC National Bank and the Elimination of Up-C Structure • PR Newswire (US) • 04/29/2026 11:00:00 AM
