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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.

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