Round 3 of TARP Capital Infusion

November 25, 2008

Authored by: Robert Klingler

On November 25, 2008, the Treasury announced the completion of the third round of TARP Capital infusions.  The Treasury purchased a total of $2.9 billion in preferred stock from 23 financial institutions on Friday, November 21, and has now invested a total of $161.5 billion under the $250 billion TARP Capital program.

Consistent with the guidance previously provided by the Treasury, all 23 financial institutions are listed on a national securities exchange.

The largest investment in the third round was $525 million with Associated Banc-Corp out of Green Bay, Wisconsin, while the smallest was $11.4 million with First Community Corporation out of Lexington, SC.