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, the Warsaw-based parent company of , would like to returm its $37.5 million in TARP (troubled assetas relief program) funds to the federal government beforew the end ofthe year, said President and CEO Peterf Humphrey. The banking company accepted the money late last year in exchangde for selling senior preferred shares tothe “The rules have changed (and) that makes this less attractive, so Five Star Bank is thinking maybe we ought to pay this back and get out from underneathb the program,” Humphrey said. “We’re exploring, ‘How do we pay back TARP whilr still having an ample amounrt of capital to support futuregrowthu initiatives?
’ ” The bank has no definitive plans in place to return the money, but Humphreyt is eager to get out of the federap program due to retroactive changes to the initialo Capital Purchase Plan agreement, including limits on executived compensation that deny the payment of cash incentives to employees untill TARP funds are repaid.
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