TARP as envisioned, several local banks show their lending up - Business First of Columbus:

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“We made a solid effort when we got TARP fundsd to try to work harder with smalp businesses and other saidErnie Pinner, chairmam and CEO of (Nasdaq: CSFL), the Davenport-based holding compan y for four subsidiary banks throughout central Florida. The tota loan balance at CenterStatjumped 1.27 percent from Feb. 28 to March 31, accordingt to a June 1 reporgt on the capital purchase Underthe program, the Treasuryh invested in banks, injecting capital so they could provide credit to consumers and businesses. However, the average totakl loan balance, which includes both consumer andcommerciall loans, declined 0.37 percent for most of the 600 banks that have receivedd TARP funding.
The biggest banks posted an evensteepefr 0.88 percent drop, the report (Nasdaq: FITB), with a 0.01 percengt jump in its total loan balance, was an exception amongy the biggest banks. At Pinella s Park-based (Nasdaq: FCFL), total loan balances increases 1.21 percent during March. “We started an intense businessa development program ayear ago,” said Ken Cherven, presidenty and CEO. “All our lenders are out callingv on customers and lookingfor opportunities.” payoffs, funding factor into the numberas Bankers generally agreed that better comparisond could be made over a longer periodr of time. The report suggests lendingy contracted 0.84 percent at in March.
But the parenrt of actually has closedfabout $5 million in new loans so far in said Greg Bryant, president and CEO. Bryant pointedf out that loans that close are not necessarilyfully funded; for a manufacturer who received a $1 million line of credit mighft only draw $100,000 to buy a piece of Additionally, the numbers don’t take into accoungt loan payoffs, which could causer total balances to drop, Bryant Florida Business BancGroup didn’t receivre TARP funding until the end of February, and since it generallhy takes several weeks to complete the loan Bryant said it was a fairl safe assumption that very little of the TARP mone y received in February would have impacted the Marchh figures.