Treasury Department completes more bank deals

The Treasury Department completed investments in 23 banks, including 15 that were new to BailoutSleuth's running tally of companies getting taxpayer capital.

 

The combined dollar value of the latest transactions was $365.4 million. All but three of the banks covered by those deals were privately held.

 

The Treasury Department said in a transaction summary that BancPlus Corp., of Ridgeland, Miss., sold $48 million in preferred stock to the government as part of the $700 billion Troubled Asset Relief Program.

 

Central Community Corp., of Temple, Tex., got $22 million in taxpayer capital. It is the holding company for First State Bank Central Texas.

 

Liberty Shares Inc., of Hinesville, Ga., sold $17.3 million in preferred stock to the government. White River Bancshares Co., based in Fayetteville, Ark., got $16.8 million, while Security State Bancshares Inc., of Charleston, Mo., got $12.5 million.

 

The new additions to the TARP list also included the colorfully named Crazy Woman Creek Bancorp, of Buffalo, Wyo. It owns  Buffalo Federal Savings Bank, which operates banks in Buffalo, Gillette, Sheridan and Casper.

 

The other banks getting taxpayer capital were:

 

Florida Business BancGroup Inc. (Tampa, Fla.) -- $9.49 million

 

Hamilton State Bancshares (Hoschton, Ga.) -- $7.0 million

 

Guaranty Bancorp (Woodsville, N.H.) -- $6.92 million

 

The Private Bank of California (Los Angeles) -- $5.45 million

 

First Priority Financial Corp. (Malvern, Pa.) -- $4.58 million

 

Hometown Bancorp of Alabama Inc. (Oneonta, Ala.) -- $3.25 million

 

CBB Bancorp (Cartersville, Ga) -- $2.64 million

 

Market Bancorporation Inc. (New Market, Minn.) -- $2.06 million

 

Lafayette Bancorp (Oxford, Miss) - $2.0 million 

published February 26, 2009, 1 Comments

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Chris Carey, Editor
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This page contains a single entry by Chris Carey published on February 26, 2009 6:40 PM.

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