Umpqua Bank is in the process of raising $215 million from investors to pay off funds provided by the federal government under the TARP program, according to the Oregonian. Umpqua Bank President and CEO Ray Davis is quoted as saying he was proud the bank was selected to receive the funds but because many of the funds went to large banks there is “..tainting that went on.”
February 3, 2010
Oregonian reports Umpqua Bank raising funds to pay off TARP
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