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Inside Washington (09/26/2012)
  • WASHINGTON (9/27/12)--The Federal Deposit Insurance Corp. (FDIC) Wednesday announced the appointment of John Vogel as regional director in New York. Vogel had been serving there as deputy regional director for risk management. In his new position, he directs the supervision of about 890 FDIC-insured depository institutions with combined assets of more than $1.5 trillion. The New York Region covers Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut, New York, Pennsylvania, New Jersey, Delaware, Maryland, Washington, D.C., Puerto Rico and the U.S. Virgin Islands. Vogel began his FDIC career in 1990 working at the Concord, N.H., field office. Since then he has served as a bank examiner and supervisory examiner in offices throughout New England. From 2004 through 2006, he was the special assistant to FDIC board member Thomas J. Curry in Washington, D.C., and then returned to New England as the field supervisor for the Southern New England Field territory. In August 2009, Vogel became an assistant regional director in New York, and then served as deputy regional director for risk management …
  • WASHINGTON (9/27/12)--The overall positive return on Troubled Asset Relief Program (TARP) bank programs now totals more than $21 billion after Zions Bancorporation, Salt Lake City, repurchased its remaining $700 million in outstanding TARP Capital Purchase Program (CPP) preferred stock, the Treasury Department said Wednesday. Treasury invested $245 billion through TARP's bank programs and has now recovered more than $266 billion through repayments, dividends, interest and other income. Treasury originally invested $1.4 billion in Zions through the CPP. Prior to the $700 million repurchase, Zions had repurchased an additional $700 million in CPP preferred stock in March. In addition to the $1.4 billion in repayments, Zions Bancorporation also paid taxpayers $253 million in dividends over the life of its TARP investment, Treasury said …


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