Business Bancshares Repays 2.5 Million in Additional TARP Funds
St. Louis, Mo., January 9, 2013 -- Business Bancshares, Inc., parent holding company for The Business Bank of St. Louis, today repaid $2.5 million of the United States Treasury’s TARP investment in the organization. Coupled with the $6 million repaid by the company on May 24, 2012, the organization has now repaid more than half of the Treasury’s $15 million investment.
“Sustained improvement in our earnings and asset quality over the last two years enables us to continue paying down the Treasury’s investment in our organization” said Larry Kirby, CEO and President of Business Bancshares Inc. and The Business Bank of St. Louis.
Business Bancshares, Inc. is a single bank holding company and parent of The Business Bank of St. Louis. The Business Bank was founded in 2002 and operates a full service banking facility from its one location at 8000 Maryland Avenue in Clayton, Missouri.
The Business Bank of St. Louis serves small and medium sized businesses and their owners. The Bank operates a full service banking facility from its one location at 8000 Maryland Avenue in Clayton. For more information, visit www.bbstl.com.