American Banker Quotes Manatt Partner on Tarp Dividend Spike

Tarp Dividend Spike Could Spur Community Bank M&A
– American Banker

American Banker quoted Manatt's Craig Miller, co-chair of the firm's Financial Services & Banking Practice, on the expected Troubled Asset Relief Program (Tarp) dividend spike.

As reported by American Banker, more than 140 banks and thrifts hold roughly $10.6 billion in Tarp capital, and those banks are bracing for an upcoming spike in the dividend rate. The most troubled banks are likely discussing options that include selling, while healthier banks are still looking for an exit that would let them remain independent.

Miller told the publication that those "sitting in boardrooms are talking about Tarp. They are looking at strategic options. If a board isn't, then it is not doing its job."

Read the article here



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