12 Banks Get $121.8 Million
Your weekly bank bailout update: 12 more banks took Treasury's cash last week,totaling $121.8 million in investments:
- Mackinac Financial Corporation: $11 million
- Birmingham Bloomfield Bancshares: $1.6 million
- Vision Bank - Texas: $1.5 million
- Oregon Bancorp: $3.2 million
- Peoples Bancorporation: $12.7 million
- Indiana Bank Corp: $1.3 million
- Business Bancshares: $15 million
- Standard Bancshares: $60 million
- York Traditions Bank: $4.9 million
- Grand Capital Corporation: $4 million
- Allied First Bancorp: $3.7 million
- Frontier Bancshares: $3 million
These investments are through the Treasury’s program for “healthy banks,” which has so far invested $198 billion in 565 banks all over the country. You can see the entire list of bailout recipients here.
This article is part of an ongoing investigation:
As big banks return their TARP money, Fannie Mae and Freddie Mac continue to be a drain.
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