Treasury completes 14 more bank investments

The Treasury Department has completed investments in 14 more banks, using a total of $192 million from the $700 billion Troubled Asset Relief Program.

Of the banks that sold preferred shares to the government, 11 were new to BailoutSleuth's running tally of TARP participants.

Alpine Banks of Colorado, which is based in Glenwood Springs, Co., got $70 million, nearly twice as much as any other recipient in the latest round. Alpine has 25 branches serving the mountain and ski communities on the western slope of the Rocky Mountains.

Alpine reported profits of $32.7 million last year, down about 19 percent from 2007, partly because of higher loan-loss provisions.

As  BailoutSleuth previously reported, Trinity Capital Corp., of Los Alamos, N.M., got $35.5 million in TARP money, and Spirit Bankcorp Inc., of Bristow, Okla., got $30 million.

CBS Banc-Corp, which is based in Russellville, Ala., got $24.3 million. It is the parent company of CB&S Bank, which operates 42 branches in Alabama, Mississippi and Tennessee.

MS Financial Inc., of Kingwood, Texas, sold $7.72 million in preferred shares to the government. It operates Main Street Bank in Kingwood, which is northeast of Houston.

The other banks and holding companies getting taxpayer capital were:

Naples Bancorp Inc. (Naples, Fla.) -- $4 million

SBT Bancorp Inc. (Simsbury, Conn.) -- $4.0 million

Pathway Bancorp (Cairo, Neb.) -- $3.73 million

Triad Bancorp Inc. (Frontenac, Mo.) -- $3.7 million

Clover Community Bancshares Inc. (Clover, S.C.) -- $3.0 million

CSRA Bancorp (Wrens, Ga.) -- $2.47 million

IBT Bancorp Inc. (Irving, Texas) -- $2.29 million

Maryland Financial Bank (Towson, Md.) -- $1.7 million

Colonial American Bank (West Conshohocken, Pa.) -- $574,000