On November 18, 2008, FIG Partners published an analysis of 40 banks that have publicly announced that they have chosen not to participate in the TARP Capital program.
We have identified below the press releases and/or Form 8-K filings for certain public institutions that have announced that they are not participating in the TARP Capital program. This list is complied for informational purposes only to offer examples of how banks are explaining their decision not to participate.
- CommerceFirst Bancorp, Inc. – Annapolis, Maryland – Announced November 18, 2008
- Citizens Holding Co. – Philadelphia, Mississippi – Announced November 17, 2008
- Fauquier Bancshares, Inc. – Warrenton, Virginia – Announced November 17, 2008
- 1st Century Bancshares, Inc. – Los Angeles, California – Announced November 17, 2008
- Hudson City Bancorp, Inc. – Paramus, New Jersey – Announced November 17, 2008
- ServisFirst Bancshares, Inc. - Birmingham, Alabama – Announced November 17, 2008
- Citizens Financial Services, Inc. - Mansfield, Pennsylvania – Announced November 17, 2008
- Prosperity Bancshares, Inc. – Houston, Texas – Announced November 17, 2008
- Chicopee Bancorp, Inc. – Chicopee, Massachusetts – Announced November 14, 2008
- NB&T Financial Group, Inc. - Wilmington, Ohio – Announced November 14, 2008
- Renasant Corporation – Tupelo, Mississippi – Announced November 14, 2008
- Bancorpsouth Inc. – Tupelo, Mississippi – Announced November 14, 2008
- Rockville Financial Inc. – Rockville, Connecticut – Announced November 14, 2008
- MSB Financial Corp. – Millington, New Jersey – Announced November 14, 2008
- Bryn Mawr Bank Corp. – Bryn Mawr, Pennsylvania – Announced November 14, 2008
- First Financial Bankshares Inc. – Abilene, Texas – Announced November 14, 2008
- Kearny Financial Corp. – Fairfield, New Jersey – Announced November 14, 2008
- City Holding Co. – Charleston, West Virginia – Announced November 13, 2008
- Hancock Holding Co. – Gulfport, Mississippi – Announced November 13, 2008
- Univest Corp. of Pennsylvania – Souderton, Pennsylvania – Announced November 13, 2008
- Southside Bancshares, Inc. – Tyler, Texas – Announced November 13, 2008
- TriCo Bancshares – Chico, California – Announced November 13, 2008
- Northfield Bancorp, Inc. – Avenel, New Jersey – Announced November 13, 2008
- Rurban Financial Corp. – Defiance, Ohio – Announced November 13, 2008
- Capital City Bank Group, Inc. – Tallahassee, Florida – Announced November 13, 2008
- BOK Financial Corp. - Tulsa, Oklahoma – Announced November 12, 2008
- Investors Bancorp, Inc. - Short Hills, New Jersey – Announced November 12, 2008
- Bancfirst Corp. - Oklahoma City, Oklahoma – Announced November 12, 2008
- First Financial Northwest, Inc. - Renton, Washington – Announced November 5, 2008
- Capitol Federal Financial – Topeka, Kansas – Announced November 3, 2008
- First Citizens BancShares, Inc. – Raleigh, North Carolina – Announced November 3, 2008
- UMB Financial Corporation – Kansas City, Missouri – Announced November 3, 2008
- Home Federal Bancorp, Inc. – Nampa, Idaho – Announced October 31, 2008
- Cullen/Frost Bankers Inc. – San Antonio, Texas – Announced October 31, 2008
- Cape Bancorp, Inc. – Cape May Court House, New Jersey – Announced October 28, 2008
The list is incomplete, and does not list all banks that have decided not to participate in the TARP Capital program. In addition, we may not identify when a bank has changed its mind after publicly announcing a decision not to participate. Inclusion (or exclusion) from the list does not represent a recommendation of any disclosure or action.
