Tuesday, November 25, 2008
On November 25, 2008, the Treasury announced the completion of the third round of TARP Capital infusions. The Treasury purchased a total of $2.9 billion in preferred stock from 23 financial institutions on Friday, November 21, and has now invested a total of $161.5 billion under the $250 billion TARP Capital program.
Consistent with the guidance previously provided by the Treasury, all 23 financial institutions are listed on a national securities exchange.
The largest investment in the third round was $525 million with Associated Banc-Corp out of Green Bay, Wisconsin, while the smallest was $11.4 million with First Community Corporation out of Lexington, SC.