Treasury Capital Purchase Program

SAN JOSE, Calif., Nov. 20, 2009 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), parent company of Heritage Bank of Commerce, today announced that the U.S. Small Business Administration (SBA) ranked Heritage Bank of Commerce the third largest producer of SBA 7(a) loans, in terms of dollars loaned, in the San Francisco District Office. From October 1, 2008 through September 30, 2009, the bank funded over $19 million of SBA loans in the communities in which it serves. Heritage Bank of Commerce ranked 54th among SBA lenders nationally, funding over $27 million in new loans. "As the preeminent community business bank in the markets we serve, we are proud to increase our support to local small businesses. This enhanced commitment has led to an overall increase in market share resulting from funding 34 SBA 7(a) loans totaling more than $19 million. Our success in SBA lending is driven by a team ...

EVANSVILLE, Ind., Nov. 19, 2009 (GLOBE NEWSWIRE) -- Integra Bank Corporation (Nasdaq: IBNK) announced today that the Board of Directors appointed Michael B. Carroll as Chief Financial Officer effective December 1, 2009. "Mike has been actively involved in Integra's financial management and reporting for several years and has provided strong leadership across multiple business lines," stated Mike Alley, Chairman and CEO. "He will oversee our accounting, financial and treasury functions, leading a seasoned team to complete a smooth transition to the CFO role," added Alley. "I am excited about this opportunity and look forward to working with our senior leadership as we continue to execute strategies to strengthen our Company," stated Carroll. "Having worked in Evansville for 21 years and at Integra for 7 years, I am familiar with the businesses and people in the markets in which we are most successful and the strength of our banking professionals." Carroll joined Integra in ...

Union Bankshares Corporation (Nasdaq: UBSH) announced it has redeemed the Preferred Stock issued to the United States Department of the Treasury by repaying the $59 million it received in December 2008 under the Capital Purchase Program, which was created in the fall of 2008 under the federal Troubled Asset Relief ...

BOWLING GREEN, Va., Nov. 18 /PRNewswire-FirstCall/ -- Union Bankshares Corporation (the "Company") (Nasdaq: UBSH) announced it has redeemed the Preferred Stock issued to the United States Department of the Treasury (the "Treasury") by repaying the $59 million it received in December 2008 under the Capital Purchase Program ("CPP"), which was created in the fall of 2008 under the federal Troubled Asset Relief Program. "Our banks have been well capitalized throughout the time we have participated in the CPP. Additionally, the Company's recent qualified equity offering that netted $59 million in mid-September will provide for any future growth opportunities. We are delighted that our regulators approved the Company's redemption of the CPP investment, which we believe is in the best interests of our shareholders," said G. William Beale, the Company's President and CEO. The Company plans to initiate discussions with the Treasury for the repurchase of the common stock ...

LSB Corporation (NASDAQ: LSBX) announced that it repurchased, effective today, the U.S. Treasury Department's $15.0 million preferred stock investment under the ...