Monday, January 26, 2009

TARP: Free Ice Cream!

by Bill McBride on 1/26/2009 12:53:00 PM

Free Ice Cream Click on photo for larger image in new window.

Photo Credit: Otishertz

Otishertz spotted this Ice Cream truck in Portland yesterday. Thanks for sharing!

Umpqua Bank received $214 million from TARP in mid-November.

They cut their dividend recently according to the Portland Business Journal:

Umpqua Bank parent Umpqua Holdings Inc., based in Portland, cut its quarterly dividend in December to 5 cents from prior payments of 19 cents per share.
At least we know what they are using the TARP money for: Free ice cream!

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