Treasury Invests $108 Million in 12 Banks
Twelve more banks have joined the pool of bailed-out institutions, receiving $108 million from the Treasury's "healthy" bank program, the Capital Purchase Program. The money went mainly to small and mid-size banks in the Midwest, with Missouri's Diamond Bancorp and Kentucky's Commonwealth Bancshares leading the pack with $20 million each.
Recent TARP funding has primarily gone to these types of smaller banks, which are increasingly facing trouble as the recession continues, the New York Times reports today. While some larger banks are looking to join the growing number that have repaid TARP, those not considered "too big to fail" continue to face growing losses and uncertainty.
The new commitments announced yesterday (below) bring Treasury's investment to $206 billion in 587 banks around the country.
- Commonwealth Bancshares: $20.4 million
- Diamond Bancorp: $20.4 million
- The Landrum Company: $15 million
- United Bank Corporation: $14.4 million
- Universal Bancorp: $9.9 million
- Premier Financial Corp: $6.3 million
- Illinois State Bancorp: $6.2 million
- BlackRidge Financial: $5 million
- Franklin Bancorp: $5 million
- F & C Bancorp: $3 million
- Fort Lee Federal Savings Bank: $1.3 million
- First Advantage Bancshares: $1.2 million
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
- Billion Dollar Bait & Switch: States Divert Foreclosure Deal Funds
- Pardon Attorney Torpedoes Plea for Presidential Mercy
- Patient Died at New York VA Hospital After Alarm Was Ignored
- Finding Oscar: Massacre, Memory and Justice in Guatemala
- Introducing the ProPublica Patient Harm Community on Facebook
- Built for a Simpler Era, OSHA Struggles When Tower Climbers Die
- Got Student Loans? Share Your Documents With Us
- Remember Stuxnet? Why the U.S. is Still Vulnerable
- Donations to Scott Walker Flagged as Potential Fraud
- Pardon Attorney Torpedoes Plea for Presidential Mercy
- In Race For Better Cell Service, Men Who Climb Towers Pay With Their Lives
- Air Force Pilots Balk at Flying the World’s Most Expensive Fighter Jet
- Watchdog Group Calls for Probe of Lobbyists Behind Congressional Trip to Taiwan
- Patient Died at New York VA Hospital After Alarm Was Ignored
- Billion Dollar Bait & Switch: States Divert Foreclosure Deal Funds
- Broadcasters Sue to...Block Transparency
- Happy Graduation! Here's The Best, Most Depressing Journalism on Student Debt
- Remember Stuxnet? Why the U.S. is Still Vulnerable






