Latham investment repays portion of bailout funds
DES MOINES (AP) — A bank holding company in which U.S. Rep. Tom Latham is an investor has repaid a portion of the $2.4 million it took as part of the federal government’s 2008 bank bailout program.
Green Circle Investments, a holding company for Peoples Trust & Savings Bank of Clive, made an $800,000 payment eight days after the Nov. 6 election.
The Des Moines Register reported the company took money through the Troubled Asset Relief Program. The newspaper said Tuesday the repayment was posted by the independent investigative journalism group ProPublica.
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