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BRIEF: Credit extended for Team Financial

Tue. August 12, 2008; Posted: 01:24 PM
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Aug 12, 2008 (The Kansas City Star - McClatchy-Tribune News Service via COMTEX) -- TFIN | Quote | Chart | News | PowerRating -- Aug. 12--The parent company of TeamBank has extended its $4 million line of credit from US Bank. The loan agreement had been set to expire at the end of June but was extended to Oct. 15. Team Financial Inc. agreed to pay 2 percent above US Bank's prime interest rate after July 25th under the agreement reached last week. The company tapped the credit line in May, borrowing $2 million to infuse additional capital into TeamBank and a Colorado bank Team Financial owns.

| Mark Davis, mdavis@kcstar.com

To see more of The Kansas City Star, or to subscribe to the newspaper, go to http://www.kansascity.com. Copyright (c) 2008, The Kansas City Star, Mo. Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

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