Saturday, April 18, 2009
REGION
Equal Pay Day seminar planned in Salem
COLUMBIANA — The Columbiana Area Business and Professional Women will have an “Equal Pay Day” seminar at 7 p.m. Tuesday at the Salem Community Center. The wage gap between men and women will be discussed at the free seminar.
The keynote speaker will be Connie J. Young of Akron, who is a humorist and motivational speaker. For reservations, call the community center at (330) 332-5885.
NATION
W.Va. bank cuts ties to federal rescue program
WASHINGTON — A West Virginia bank has become the first to completely cut its ties to the federal government’s $700 billion financial rescue program.
The Treasury Department said Friday that Centra Financial Holdings Inc. of Morgantown, W.Va., has given the government $750,000 to buy back warrants Treasury was holding that gave it an ownership share in the company. That transaction means Centra Financial has now paid the full costs of participating in the financial rescue program. The bank on March 31 returned the $15 million in capital infusions the government had provided.
Treasury says six other banks have paid back the capital infusions, but Centra Financial was the first to also pay the government for the warrants.
From Vindicator staff and wire reports