Bailout: $92 Million Goes to Six Banks
Community banks continue to line up for TARP funds. Last Friday, six more community banks (see the list below) received a total of $91.6 million. Excluding the 33 banks that have returned their money, 620 companies have received a total of $134.1 billion through Treasury's program to boost the economy by doling out money to banks, insurance companies, and credit card companies.
Four more mortgage servicers also signed up for the administration's foreclosure relief program. The Treasury has promised to spend $50 billion on that program, and so far it's set aside $18.8 billion for the 31 participating servicers. However, as we noted a couple of weeks ago, some major servicers have still not joined up.
The new banks:
| Brotherhood Bancshares, Inc. | $11 million |
| SouthCrest Financial Group, Inc. | $12.9 million |
| Harbor Bankshares Corporation | $6.8 million |
| First South Bancorp, Inc. | $50 million |
| Great River Holding Company | $8.4 million |
| Plato Holdings Inc. | $2.5 million |
As big banks return their TARP money, Fannie Mae and Freddie Mac continue to be a drain.
Latest Stories in this Project
- Search the Fed's Documents Detailing Their Lending to Banks During the Crisis
- Behind Administration Spin: Bailout Still $123 Billion in the Red
- The Bailout Yearbook: The Stars and the Slackers
- Identifying Suspicious Short Selling, But Not Who's Behind the Trades
- Treasury's 'Point Man' on AIG Bailout That Benefited Goldman, Owned Goldman Stock
Get Updates
Our Hottest Stories
- Donations to Scott Walker Flagged as Potential Fraud
- In Race For Better Cell Service, Men Who Climb Towers Pay With Their Lives
- Pardon Attorney Torpedoes Plea for Presidential Mercy
- Patient Died at New York VA Hospital After Alarm Was Ignored
- Billion Dollar Bait & Switch: States Divert Foreclosure Deal Funds
- Introducing the ProPublica Patient Harm Community on Facebook
- Remember Stuxnet? Why the U.S. is Still Vulnerable
- Got Student Loans? Share Your Documents With Us
- N.Y. Congressman Will Reimburse Costs for $22,000 Taiwan trip
- Congressional Leader Calls for Investigation of the Pardon Office
- Donations to Scott Walker Flagged as Potential Fraud
- Pardon Attorney Torpedoes Plea for Presidential Mercy
- Lobbyists Arranged N.Y. Congressman’s $20,000 Trip To Taiwan
- Air Force Pilots Balk at Flying the World’s Most Expensive Fighter Jet
- In Race For Better Cell Service, Men Who Climb Towers Pay With Their Lives
- Patient Died at New York VA Hospital After Alarm Was Ignored
- Watchdog Group Calls for Probe of Lobbyists Behind Congressional Trip to Taiwan
- Billion Dollar Bait & Switch: States Divert Foreclosure Deal Funds
- N.Y. Congressman Will Reimburse Costs for $22,000 Taiwan trip
- Remember Stuxnet? Why the U.S. is Still Vulnerable
