BRIEF: Credit extended for Team Financial
Tue. August 12, 2008; Posted: 01:24 PM
Aug 12, 2008 (The Kansas City Star - McClatchy-Tribune News Service via COMTEX) --
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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
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