ShoreBank still in running for TARP funds despite end of program

Crain's Chicago Business reports:

Congress didn’t pull the TARP out from under Chicago’s ShoreBank Corp. this week when lawmakers killed the $700-billion bank bailout program to help pay for Wall Street reform legislation.

A high-ranking administration official who asked not to be named said Thursday that banks with applications filed before June 25, the congressional cutoff date, would still be eligible for help from the Troubled Asset Relief Program, despite some fears to the contrary.

They sure are special!