Replies to post #13 on CW Bancorp (CWBK)

[56Chevy]

CommerceWest Bank did not take TARP money back in 2008.

It's old news [2008] now but an important bit of information to know about this bank going forward.

CommerceWest Bank Will Not Apply For Federal TARP Money

Irvine, California - November 26, 2008 – CommerceWest Bank (OTCBB: CWBK), one of the strongest banks in California, announced today that it did not apply for funds available through the Capital Purchase Program, which is part of the federal government's Troubled Assets Relief Program (TARP) to provide banks with fresh capital.

https://www.cwbk.com/corporate-profile/news.aspx

*Many small banks that accepted TARP money back in 2008/9 have not paid it back yet and are still struggling to do so. That struggle will only get worse because the interest rate for TARP money, which has been 5%, is going up to a whopping 9% in 2013 :~O

So what are banks that borrowed TARP money going to do to pay it back? Many are using Uncle Sam to pay back Uncle Sam (convenient eh...America! What a country!)...by borrowing money from another Federal Program called the Small Business Lending fund (SBLF). The high interest rate problem goes away but the debt still remains on a banks books which will have an adverse effect on how well a bank performs going forward.

CommerceWest Bank doesn't have that problem.