On January 13, 2009, the Treasury announced the completion of the ninth round of TARP Capital infusions. The Treasury purchased a total of approximately $4.7 billion in securities from 42 financial institutions on Friday, January 9, 2009, and has now invested in 257 institutions, totaling $192.3 billion.
The largest infusion went to American Express Corporation: $3.4 billion. The smallest infusion went to Independence Bank of East Greenwich, Rhode Island: $1.07 million.
Of note in this ninth round, the first Hawaii-based financial institution received a TARP Capital infusion. Central Pacific Financial Corp, of Honolulu, Hawaii, received $135 million. In total, 42 states and 1 U.S. territory are home to institutions that have received TARP Capital infusions.
Also of note in this ninth round, Bank of America Corp. is listed as receiving $10 billion in TARP Capital; however, this sum was already accounted for in the first round as an investment in Merrill Lynch & Co. The actual disbursement of the $10 billion was delayed until the successful closing of the Bank of America and Merrill Lynch merger, which occurred on January 1, 2009.