February 23, 2009
Authored by: Bryan Cave Leighton Paisner
On February 17, 2009, the Treasury announced the completion of the fourteenth round of TARP Capital infusions. The Treasury purchased a total of approximately $429 million in securities from 29 financial institutions on Friday, February 13, 2009, and has now invested in 418 institutions, totaling approximately $196 billion.
Of note in this fourteenth round, four institutions received less than $1 million each: Bern Bancshares, Inc., Bern, Kansas, received $985,000; Gregg Bancshares, Inc., Ozark, Missouri, received $825,000; Midwest Regional Bancorp, Inc., Festus, Missouri, received $700,000; and Corning Savings and Loan Association, Corning, Arkansas, received $638,000. Westamerica Bancorporation, San Rafael, California, received the largest infusion at $84 million.
One more state joined the group of states with an institution receiving TARP Capital — Wyoming, with Financial Security Corporation receiving a $5 million infusion. This leaves only Montana, New Mexico, and Vermont without an institution to have received TARP Capital.
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.