On December 9, 2008, the Treasury announced the completion of the fourth round of TARP Capital infusions. The Treasury purchased a total of approximately $3.8 billion in preferred stock from 35 financial institutions on Friday, December 5, and has now invested a total of $165.3 billion of the $250 billion TARP Capital program.
Interestingly, this round saw the first investment in a financial institution not based within the continental United States – Popular, Inc. from San Juan, Puerto Rico. In fact, Popular’s receipt of $935 million was the largest investment in the fourth round. The smallest investment was $1.7 million, which went to Manhattan Bancorp out of El Segundo, California.
We have updated our TARP Map to display the locations of the institutions that received infusions in the fourth round.