On December 16, 2008, the Treasury announced the completion of the fifth round of TARP Capital infusions. The Treasury purchased a total of approximately $2.5 billion in preferred stock from 28 financial institutions on Friday, December 12, and has now invested a total of $167.8 billion of the $250 billion to be invested under the TARP Capital program.
Wilmington Trust Corporation of Wilmington, Delaware, received the largest infusion of the round, $330 million, while Northeast Bancorp of Lewiston, Maine, received the smallest infusion of the round, $4.2 million.
This round saw five new states, Arkansas, Delaware, Indiana, Maine, and Michigan, join the ranks of states whose institutions have received funds under the TARP Capital program. In total, 36 states and 1 U.S. territory are home to institutions that have recieved TARP Capital infusions.
We have updated our TARP Map to display the locations of the institutions that received infusions in the fifth round.