A Southeast Wisconsin bank company is declining the federal government's troubled assets relief program funding because of too many strings attached. Johnson Bank is a financial services company that's privately owned by members of the SC Johnson family, whose more notable business puts out Pledge, Windex, Raid and Off among its many products.
"The money was attractive in the short term but in the long run it would compromise the things we hold dear including the unique culture of our company," say Bank President and CEO Richard Hansen. Hansen adds that Johnson Bank has been able to sustain growth without the need for the federal TARP funding.