Hawthorn Bancshares Inc. announced that it repaid the entire balance of the debt it owed to the U.S. Treasury’s Troubled Asset Relief Fund.
Lee's Summit-based Hawthorn Bancshares, the holding company for Hawthorn Bank, borrowed $30.26 million from the TARP program in December 2008. The money accrued a 5 percent dividend for the first five years and was set to adjust to 9 percent by the end of this year.
Hawthorn repaid $12 million of the debt a year ago and now has repaid the remaining $18.3…
Hawthorn Bancshares Inc. announced that it repaid the entire balance of the debt it owed to the U.S. Treasury’s Troubled Asset Relief Fund.
Lee's Summit-based Hawthorn Bancshares, the holding company for Hawthorn Bank, borrowed $30.26 million from the TARP program in December 2008. The money accrued a 5 percent dividend for the first five years and was set to adjust to 9 percent by the end of this year.
Hawthorn repaid $12 million of the debt a year ago and now has repaid the remaining $18.3…