Wells Fargo pays back $25 billion in TARP loans

Published Dec. 24, 2009 at 8:54 a.m.
(By Rick Rothacker, rrothacker@charlotteobserver.com) Wells Fargo & Co. said Wednesday that it has officially repaid $25 billion in government aid that it received last year at the height of the financial crisis.

The San Francisco-based bank, which last year bought Charlotte's Wachovia Corp., last week raised $12.25 billion in a common stock offering as part of its plan to pay back the Troubled Asset Relief Program.

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