Five additional banks have received bailout funding, according to the latest tabulation from the Treasury Department, bringing the cumulative government investment in the banking bailout to more than $200 billion.
Community Bancshares of Mississippi Inc. received $52 million under the Capital Purchase Program, the banking portion of the Troubled Asset Relief Program.
Other banks received much smaller bailout packages. New York-based Oswego Bancorp took home $6.7 million, Heartland Bancshares of Indiana received $7 million, and Illinois-based First Eagle Bancshares Inc. took $7.5 million.
In addition, Wisconsin-based PFSB Bancorporation received $1.5 million in bailout funding.
Overall, bailout activity appears to be on a swift decline. In June, 36 banks received TARP funding, but in July only 13 joined the program. Ten signed up in August and only six have taking bailout money so far in September.
Banks have received a total of more than $200 billion in assistance since the bailout began last year. Of that, a little more than $70 billion has been repaid.
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