Daniel Gross

$89 Million Down, Untold Billions To Go

This small sliver of sunshine comes to us courtesy of our business guru, Dan Gross. --KPSun Bancorp, a small bank based in New Jersey, yesterday became one of the first banks to repay the TARP funds received from the Treasury department (the press release can be seen here).On January 9, the Treasury Department bought 89,310 of preferred stock form the bank for $1,000 each.