Spirit Bank Accepts Federal Loan
A Tulsa-based bank scoops up a $30 million loan from the federal government. Friday, March 27th 2009, 8:54 pm
By:
News On 6
News On 6
TULSA, OK -- A Tulsa-based bank scoops up a $30 million loan from the federal government. Spirit Bank says the extra cash will allow them to lend more money to more Oklahomans.
In exchange, the government now owns stock in Spirit Bank. The bank must pay back the loan with interest on a yearly basis.
Spirit Bank must also agree to limit how much executives make in salaries and bonuses.
Get The Daily Update!
Be among the first to get breaking news, weather, and general news updates from News on 6 delivered right to your inbox!
More Like This
March 27th, 2009
April 15th, 2024
April 12th, 2024
March 14th, 2024
Top Headlines
April 24th, 2024
April 24th, 2024
April 24th, 2024
