Inside these posts: Capital Purchase Program

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Princeton bank among 142 to skip Treasury payment

Nearly 150 U.S. banks, including  Princeton National Bancorp, failed to pay a Feb. 15 dividend on bailout money borrowed from the U.S. Treasury. That’s  up from the 123 that skipped their payouts in November.

The study by SNL Financial, tracker of banking industry data, showed that 142 U.S. lenders deferred the dividend payment due under the Troubled Asset Relief Program, or TARP. Get the full story »