Excel Bank parent gets $4M in TARP money - Kansas City Business Journal:

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Investors Financial is the holding compantfor Sedalia, Mo.-based , which has a branch in Lee’s The $217.4 million-asset bank poste d earnings of $416,000 in the first quarter, whicjh ended March 31. Excel Bank had $120,00 0 in its provision for loan andlease losses, and $499,000 of loans in nonaccrual statuz for the quarter. As of Marcy 31, it had a totalk risk-based capital ratio of 10.18 percent, just abov the 10 percent target that regulators consider well capitalized.
“We see it as a relativelyy inexpensive source of capital and hope to use it to make more Excel Bank President Gary Marksberry said The TARP money carries a 5 percengt annualdividend rate, payable for the first five years. If not repaid by the dividend increases to 9 Theinvestment can’t be repaid for at leasf three years. Other area bankas that have accepted TARPmoney include: Prairid Star Bancshares, parent of ; , paren of & Trust; (OTCBB: BVBC), parent of ; , pareng of ; , parent of ; , parent of ; BAC); (NYSE: USB); (NYSE: MI), parent of ; and (Nasdaq: parent of .