On Air Now

Listen

Listen Live Now » 94.1 FM Jackson, Michigan

Weather

Current Conditions(Holt,MI 48842)

More Weather »
49° Feels Like: 46°
Wind: NNE 8 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Showers Late 43°

Tomorrow

Rain 59°

Sat Night

Partly Cloudy 39°

Alerts

Independent Bank Corporation exits TARP

Cash money
Cash money

IONIA (WKZO) -- Michigan-based Independent Bank is now out of the federal government's hands.

The bank exited the Troubled Asset Relief Program, or TARP, on Tuesday.  The U.S. Treasury Department was paid 81-million dollars by the bank in August to get out.

Independent Bank received a 71-million dollar investment from the federal government in December 2008 to enter TARP as the Bush administration bailed out banks nationwide to prevent a financial collapse.

Comments