(AP) - FULLY REPAID: Regional bank company Zions Bancorp has repaid the $700 million it still owed for the federal bailout it received during the financial crisis.
BAILOUT PROGRAM: Zions was among 707 banks that received bailouts in late 2008 under the Treasury Department's Troubled Asset Relief Program, or TARP. In March, Salt Lake City-based Zions repaid the first $700 million of the $1.4 billion it received.
DIVIDENDS: Zions also has paid the government $253 million in dividends. The government still holds warrants to buy Zions common stock, which it expects to sell for an additional return.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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