February 4, 2009
Authored by: Bryan Cave
On February 2, 2009, the Treasury announced the completion of the twelfth round of TARP Capital infusions. The Treasury purchased a total of approximately $1.2 billion in securities from 42 financial institutions on Friday, January 30, 2009, and has now invested in 361 institutions, totaling $195.3 billion.
Ojai Community Bank, of Ojai, California, received the smallest capital infusion: $2.08 million. The largest infusion went to the Flagstar Bancorp, Inc., Troy, Michigan: $266.7 million.
Of note in this twelfth round, an Arizona-based bank (Goldwater Bank, N.A.) and two Nebraska-based banks (Country Bank Shares, Inc. and Adbanc, Inc.) received TARP infusions. In total, institutions in 45 states and Puerto Rico have received TARP Capital infusions. This leaves only Alaska, Montana, New Mexico, Vermont, and Wyoming without an institution to have received TARP Capital.
Click here to view our updated TARP Map.