April 24, 2009
Authored by: Bryan Cave
On April 21, 2009, the Treasury announced the completion of the twenty-third round of TARP Capital infusions. The Treasury purchased a total of approximately $40.9 million in securities from 6 financial institutions on Friday, April 17, 2009, and has now invested in 554 institutions, totaling approximately $198.9 billion.
Bank of the Carolinas Corporation, Mocksville, North Carolina, received the largest infusion, $13.2 million. Omega Capital Corporation, Lakewood, Colorado, received the smallest infusion, $2.8 million.
On April 15, 2009, Shore Bancshares, Inc., Easton, Maryland, redeemed its securities from the Treasury for $25 million. In total, seven institutions have re-paid $467 million. Thus, the Treasury’s outstanding investment equals approximately $198.4 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.