Today, four financial institutions reported that they had repaid Treasury’s CPP investment in full. Signature Bank, a New York-based commercial bank, announced the return of $120 million; Old National Bancorp, an Indiana bank holding company, announced the return of $100 million; Iberiabank Corporation, a Louisiana-based bank holding company, announced the return of $90 million; and Bank of Marin Bancorp, a California bank holding company, returned $28 million. Each of these entities is publicly traded which means that Treasury did not immediately exercise the warrants issued in connection with its investment—an obstacle faced by privately-held institutions trying to return their CPP investments.