Wisconsin Banking Update
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U.S. Bancorp Posts 3rd Quarter Earnings
Posted on October 27th, 2009 No commentsU.S. Bancorp has posted third-quarter net income of $603 million, or 30 cents per share, compared with $576 million, or 32 cents per share, in the same period a year ago. Early in the third quarter, U.S. Bancorp repurchased the 10-year warrant issued to the U.S. Treasury, effectively concluding its participation in the federal Troubled Asset Relief Program (TARP), the Small Business Times of Milwaukee reported.
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