Liberty Bancorp (LBCP) Declines Participation in TARP Capital Purchase Program
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Liberty Bancorp, Inc. (NASDAQ: LBCP), holding company for BankLiberty, announced that it will not participate in the U.S. Treasury Department's Troubled Asset Relief Program Capital Purchase Program (TARP). The Company did receive preliminary approval from the U.S. Treasury Department for the placement of up to $8.5 million in senior preferred stock; however, after careful consideration Liberty Bancorp's board of directors elected to not participate in the program.
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Liberty Bancorp, Inc., through its wholly owned subsidiary BankLiberty, offers banking and related financial services to both individual and commercial customers.
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