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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Umpqua Holdings (UMPQ) Announces Pricing of Upsized $225 Million And Priced It At $9.75 A Share
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Umpqua Holdings (UMPQ) To Offer $175M In Stock
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The Bancorp (TBBK) Announces $50M Common Stock Offering
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Morgan Stanley (MS) To Repurchase Warrants From U.S. Treasury For $950M
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Bank of New York Mellon (BK) Repurchases Warrant Related to TARP for $136M
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Middleburg Financial Corporation (MBRG) Announces A $20M Stock Offering
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Highlights From AXP's Q2 Conference Call; Declines Across The Board, But Delinquencies May Be Better Than Previously Anticipated
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Highlights From U.S. Bancorp's (USB) Q2 Conference Call; Anticipate Continued Growth in Charge-Offs and Non-Performing Assets
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Goldman Sachs (GS) Pays $1.1 Billion to Redeem TARP Warrants
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Regions Financial (RF) Declares Qtr. Dividend of $0.01, Yielding 0.95%; Authorizes $43.75M Dividend on TARP-Related Perferred Shares
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Lincoln Financial Group (LNC) Completes Comprehensive Capital Plan of Raising $2.1 Billion
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First Community Bancshares (FCBC) Repays TARP Capital
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After-Hours Movers 7/6: VIMC, MMR, MRGE Higher; HNSN, DFS Lower
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Discover Financial (DFS) Sells Off 8% After Announcing A $500M Stock Offering
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Discover Financial (DFS) Commences $500M Offering of Common Stock
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Discover Financial (DFS) Announces $500 Million Public Stock Offering
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Bank of America (BAC) to Pay $713 Million in TARP Preferred Dividends
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Fitch Ratings Downgrades Hartford Financial (HIG)
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Treasury Announces TARP Warrant Repurchase and Disposition Process for CPP
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Hartford Financial Services (HIG) Borrows $3.4 Billion From U.S. Treasury
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Capital One (COF) Repurchases 3.55M Shares of Preferred Stock Issued Under TARP
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Northern Trust (NTRS) Repays Preferred Shares Borrowed Under TARP
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AmEx (AXP) Repays $3.39B in Preferred Shares Issued Through TARP
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Bank of New York Mellon (BK) Repurchases 3M Shares of Preferred Stock Related to TARP
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Goldman Sachs (GS) Pays $10 Billion Back to TARP Fund; Sees Reduction in Quarterly Earnings
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Goldman Sachs (GS) Repays TARP Preferred Stock
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BB&T (BBT) Pays Back Its $3.1B In TARP Funds
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U.S. Bancorp (USB) Pays Back $6.6 Billion in TARP Funds
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F.N.B. Corp. (FNB) Completes 24.15M Share Offering, Raising $125.8M
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Lincoln Financial (LNC) To Offer $600M In Common Shares, Also To Offer Senior Debt and Preferred Stock Through CPP
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Top 10 News Items 6/8-6/12: Treasury Approves 10 Banks to Repay TARP; Yields Rising on Mixed Auction Results; Crude Cracks $70/Barrel
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Hartford Financial (HIG) To Offer Up to $750M In Stock, Gets TARP Approval
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Principal Financial (PFG) Declines Participation in U.S. Treasury's Capital Purchase Program
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Pinnacle Financial (PNFP) Prices 7.7 Million Common Share Offering at $13 Per Share
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Pinnacle Financial Partners (PNFP) To Offer Up to $100M In Stock, May Payback TARP
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TARP Payback Separates Banks Into "The Anointed" and "The Zombies"
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American Express (AXP) to Repay $3.39B in TARP Funds; Sees $0.18 Impact on Qtr. EPS
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Capital One (COF) Gets Approval to Repay $3.55B in TARP Funds
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U.S. Bancorp (USB) Approves Redemption $6.6 Billion of Preferred Stock from the U.S. Treasury Department
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US Bancorp (USB) to Repay $6.6B in TARP Funds; Comments on Impact to Financials
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Treasury Allows 10 Large Financial Institutions To Payback $68 Billion In TARP Funds
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Hartford Financial (HIG) Chief Expects TARP Funds Soon, CEO To Retire Soon
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Monroe Bancorp (MROE) Slashes Quarterly Dividend to $0.01 Per Share
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After-Hours Movers 6/1: NAVR, DDUP Higher; MTZ, DCT, ICON, LGF, HIW, AXP Lower
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American Express (AXP) Announces $500 Million Public Equity Offering of Stock
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Prudential Financial (PRU) To Offer $1.25B In Stock, Won't Participate In TARP
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First Community Bancshares (FCBC) To Offer $50M In Stock
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First Niagara Financial (FNFG) Among the First Banks to Repay TARP Proceeds to the U.S. Treasury
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PNC Financial (PNC) Raises $600M Through ATM Equity Offering
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Geithner Written Testimony to the Senate Banking Committee 5/20

