May 11, 2009
Authored by: Bryan Cave
On May 5, 2009, the Treasury announced the completion of the twenty-fifth round of TARP Capital infusions. The Treasury purchased a total of approximately $45.5 million in securities from 7 financial institutions on Friday, May 1, 2009, and has now invested in 573 institutions, totaling approximately $199.1 billion.
Village Bank and Trust Financial Corp., Midlothian, Virginia, received the largest infusion, $14.7 million. CenterBank, Milford, Ohio, received the smallest infusion, $2.3 million.
Of note in this twenty-fifth round, two subchapter S institutions received TARP Capital investments – OSB Financial Services, Inc. ($6.1 million) and Security State Bank Holding Company ($10.8 million).
There were no new redemptions of TARP securities. To date, eleven institutions have re-paid approximately $1 billion, and Treasury’s outstanding investment equals approximately $198 billion.
Click here to view our updated TARP Map.
Click here to view our updated list of TARP Capital recipients and a description of our methodology in compiling the list.