Treasury Capital Purchase Program
The Treasury Capital Purchase Program is a program initiated by the U.S Treasury in October 2008 to purchase up to $250 billion of senior preferred shares on a voluntary basis in U.S. financial institutions, as part of its efforts to provide a firmer capital foundation for financial firms and to increase credit availability to consumers and businesses.
Pinnacle Financial Partners (PNFP) Announces Plans to Redeem 25% of Preferred Shares Related to TARP
