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.
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Sterling Financial (STSA) In Negotiations Regarding Strategic Alternatives for the Company
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Hartford Financial (HIG) Agrees to Pay Back $3.4B in TARP Funds; to Offer $1.45B of Common Stock
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The Bancorp (TBBK) Reports $45.2M Repayment of TARP Funds
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Comerica (CMA) Prices 22.86M Common Offering at $35/Share
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Comerica (CMA) Commences $800 Million Common Stock Offering
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Webster Financial (WBS) Approved to Buyback $100M Worth of Preferred Stock
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Bar Harbor Bankshares (BHB) Announces the Redemption of 18,751 Shares of Preferred Stock Series A
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Wilmington Trust Corporation (WL) Prices 18.88M Common Offering at $13.25/Share
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After-Hours Movers 2/22: APEI, KNOT, PRGN Higher; MELI, BRCD, CBI, JWN, RSH Lower
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Wilmington Trust (WL) Commences $250M Common Offering
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Hampton Roads (HMPR) to Defer Dividend Payment to U.S. Treasury on TARP Preferred Stock
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Umpqua (UMPQ) Repays TARP Funds
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Umpqua (UMPQ) Prices 7.5M Common Offering at $11/Share; Expects $264M in Gross Proceeds
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Obama To Give Community Development Financial Institutions Lower Cost Capital
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PNC (PNC) Prices $3B Offering of 55.6M Shares at $54/Share
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PNC (PNC) Agrees to Exit TARP After Asset Sale and Stock Offering
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OceanFirst Financial (OCFC) Misses Q4 EPS by 13c; Cuts Dividend by 40%
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Peapack-Gladstone Financial (PGC) Receives Approval to Redeem 25% of Preferred Shares Issued Under TARP Program
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Peapack-Gladstone Financial (PGC) Receives Approval to Redeem 25% TCPP Issued Preferred Shares
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OceanFirst Financial (OCFC) Pays Back $38.5M To TARP Fund
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Marshall & Ilsley (MI) Approves Changes to Exec Compensation Plan; Won't Pay Cash Bonuses for '09
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Notable Mergers and Acquisitions of the Day 12/28: TOBC/FCEC, ONNN/CAMD, AMCS, DSCM
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Tower Bancorp (TOBC) to Acquire First Chester County Corp. (FCEC) for $10.22/Share
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Valley National Bancorp (VLY) Announces Repayment of TARP Funds to U.S. Treasury
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Wells Fargo (WFC) Completes TARP Repayment
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SVB Financial (SIVB) To Repay $235M in TARP Funds Plus Accrued Dividends
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Trustmark (TRMK) Completes 215K Repurchase of Series A Preferred; To See One Time $0.14/Share Charge
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Trustmark (TRMK) Prices 5.41M Common Offering at $18.50/Share
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Badger Holdings to Invest $400M in Anchor BanCorp Wisconsin (ABCW)
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Washington Banking (WBCO) Prices 5M Common Offering at $9/Share
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Washington Banking Co. (WBCO) Announces $30 Million Common Stock Offering
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Union Bankshares (UBSH) Redeems Preferred Stock Previously Issued by US Treasury
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LSB Corporation (LSBX) Repays Treasury Loan Under Capital Purchase Program
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SVB Financial Group (SIVB) Announces $300M Common Stock Offering
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OceanFirst Financial (OCFC) To Offer $50M In Stock
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Whitney Holding (WTNY) Prices 25M Shares at $8
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Citizens South Banking (CSBC) to Sell up to $30M in Common Stock Offering
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Regions Financial (RF) Declares $0.01 Dividend; 0.6% Yield; Declares Preferred Series B Dividend and Preferred A Dividend
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Marshall & Ilsley (MI) Approves $0.01 Per Share Quarterly
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Monarch Financial (MNRK) Files 650K Preferred Share Shelf; $25 Public Offering Price
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Center Bancorp (CNBC) Closes Offering of 1.14M Shares
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First Financial Holdings (FFCH) Announces Commencement of $50 Million Public Offering of Stock
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Valley National Bancorp (VLY) Receives Approval From U.S. Treasury to Repurchase $125 Million of Its Preferred Stock
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Flushing Financial (FFIC) Announces $80 Million Common Stock Offering
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Union Bankshares (UBSH) Prices 4.725M Shares at $13.25
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Home BancShares (HOMB) Announces $90 Million Common Stock Offering
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Geithner Written Testimony before the Congressional Oversight Panel
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F.N.B. Corp (FNB) To Exits Treasury's Capital Purchase Program
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National Penn Bancshares (NPBC) To Offer $125M In Stock
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CVB Financial Corp. (CVBF) Repurchases All Preferred Stock from U.S. Treasury

