Charles Antonucci, Sr., CEO, Park Avenue Bank withdraws application for TARP funds. Antonucci: Nobody really knows what the rules are going to be in terms of those who take and utilize the TARP money, and that is very unsettling in any business and even more so in the banking business because we are already highly regulated. The message to the bank’s depositors is the message to depositors that the bank is investing capital into the bank, so the message is that we are a strong management and a strong bank.”]
Source: https://www.bankinfosecurity.com/saying-no-to-tarp-charles-antonucci-sr-ceo-park-avenue-bank-a-1299