June 7, 2009
Authored by: Bryan Cave
On June 2, 2009, the Treasury announced the completion of the twenty-ninth round of TARP Capital infusions. The Treasury purchased a total of approximately $89 million in securities from 8 financial institutions on Friday, May 29, 2009, and has now invested in 614 institutions, totaling approximately $199.4 billion.
Citizens Bancshares, Co., Chillicothe, Missouri, received the largest infusion, $24.9 million. American Premier Bancorp, Arcadi, California, received the smallest infusion, $1.8 million.
On May 27, 2009, four institutions redeemed their securities from the Treasury: Washington Federal Inc. ($200 million), First Niagara Financial Group ($184 million), Berkshire Hills Bancorp ($40 million), and First Manitowoc Bancorp ($12 million). As of May 27, 2009, twenty institutions have re-paid approximately $1.7 billion, and Treasury’s outstanding investment equals approximately $197.6 billion.
Click here to view our updated TARP Map.
Click here to view our updated list of TARP Capital recipients ordered by state and a description of our methodology in compiling the list.