June 6, 2009
Authored by: Bryan Cave
On May 27, 2009, the Treasury announced the completion of the twenty-eighth round of TARP Capital infusions. The Treasury purchased a total of approximately $108 million in securities from 12 financial institutions on Friday, May 22, 2009, and has now invested in 606 institutions, totaling approximately $199.3 billion.
Diamond Bancorp, Inc., Washington, Missouri, received the largest infusion, $20.5 million. First Advantage Bancshares, Inc., Coon Rapids, Minnesota, received the smallest infusion, $1.2 million.
On May 20, 2009, Somerset Hills Bancorp and SCBT Financial Corporation redeemed their securities from the Treasury for $7.4 million and $65 million, respectively. To date, sixteen institutions have re-paid approximately $1.3 billion, and Treasury’s outstanding investment equals approximately $197.9 billion.
Click here to view our updated TARP Map.
Click hereto view our updated list of TARP Capital recipients ordered by state and a description of our methodology in compiling the list.