Three banks in neighboring Arkansas, Mississippi and Louisiana received a total of $40.3 million as part of Treasury’s program to help "healthy banks." The $17.3 million for Little Rock’s OneFinancial is officially earmarked as part of Treasury’s month-old effort to expand bailout funds to small banks.
First Trust Corporation - $18 million
OneFinancial Corporation - $17.3 million
Covenant Financial Corporation - $5 million
The new infusion is dwarfed by the $68 billion that will soon return to Treasury’s coffers after yesterday’s announcement that ten large banks were approved to repay TARP.