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Six Banks Get $40.9 Million

It's time for your weekly bailout update. Like last week, the latest tally is modest. Six banks received $40.9 million in Treasury investments:

Bank of the Carolinas Corporation: $13.2 million
Penn Liberty Financial Corp: $10 million
Tifton Banking Company: $3.8 million
Patterson Bancshares: $3.7 million
BNB Financial Services Corp: $7.5 million
Omega Capital Corp: $2.8 million

These investments are through the Treasury's program for "healthy banks." Recently, the Treasury has been getting more back from banks leaving the program due to new strictures than doling out to new participants. But $198.42 billion remains invested in more than 500 banks.

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