More banks get TARP bucks

Four more banks have announced their acceptance into the Treasury Department's $700 billion Troubled Asset Relief Program.

National Bancshares Inc., based in Bettendorf, Iowa, said it sold $24.6 million in preferred stock to the government in a deal completed Friday. The privately held company owns THE National Bank, which has branches in Iowa, Illinois and Minnesota.

D.L. Evans Bank, of Albion, Idaho, said it was approved for $19.9 million in taxpayer capital. The privately held company has 13 branches throughout Idaho. 

FNB Bancorp, of South San Francisco, Calif., got $12 million in TARP funds. FNB reported earnings of $3.96 million in 2008, down 40.7 percent from 2007. The company took $3.04 million in loan-loss provisions, up from $690,000 a year earlier.

Another Bay Area institution, California Bank of Commerce, said it sold $4 million in preferred stock to the government. The bank, in Lafayette, Calif., was created in 2007 and targets middle-market businesses and professionals.

The Treasury Department has been releasing weekly summaries of completed TARP transactions, in keeping with its pledge to disclose the deals within five to 10 business days of their closing.

A new list is likely in the next day or so. To find summaries of all of the Treasury Department's bailout-related transactions, click on this link.