W.Va. Bank Becomes First To Cut All Bailout Ties

Centra Financial did, however, accept the FDIC's guarantee of deposits in non-interest-bearing "transaction" accounts, often used by businesses for processing their payrolls and other transactions. The FDIC removed, through the end of this year, the normal $250,000 insurance limit on the accounts.

Six other banks have paid back the capital infusions — with Shore Bancshares Inc. of Easton, Md., this week becoming latest to pay back the $25 million it received. But Centra Financial was the first to also pay the government for the warrants, Treasury said.

Including Shore Bancshares, the seven banks have paid back the government $467.3 million. But that's out of the nearly $200 billion that the government has provided under the program to more than 500 banks.

In a letter to House Speaker Nancy Pelosi, D-Calif., released Friday, Treasury said it has received $2.5 billion in dividend payments from banks that have received support from the capital purchase program.

Several of the nation's biggest banks, including JPMorgan Chase & Co., Morgan Stanley and Goldman Sachs Group Inc., have said they want to return the bailout money but have yet to do so.