According to Bloomberg data, in 2009, more than 200 regional lenders, insurers and financial companies applied for Troubled Asset Relief Program Funds totaling at least $82 billion. California Republic Bank is pleased to report its decision not to use any TARP funding.
FDIC – TARP fund distribution research:
http://research.stlouisfed.org/maps/tarp_distribution.php
The Bank is very disciplined and continues to manage its balance sheet for safety and soundness in this environment, maintaining a very strong liquidity position … Because of the strength of our balance sheet, the Bank is proud that it did not need, nor request, TARP or any other related bailout funds from the US Treasury.
