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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Morning Movers 2/9: Hartford Financial (HIG) Up On Possible TARP Approval, Whirlpool (WHR) Lower on Weak Results/Guidance
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Insurance Stocks Higher On Expected Approval For Govenment Capital Injections (HIG, LNG, GNW)
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First Place Financial (FPFC) Chosen to Participate in Treasury Capital Purchase Program
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Treasury Announces New Restrictions On Executive Compensation
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First Busey Corporation (BUSE) Announces Preliminary Approval for Participation in Capital Purchase Program
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Capital One (COF) Approves New Compensation Plan for Chairman/CEO; Plan Entirely Equity-Based
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Wells Fargo (WFC) to Pay $371.5M Dividend to US Treasury; Provides Lending Update
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Anchor BanCorp Wisconsin (ABCW) Issues $110M in Preferred Stock; Suspends Dividend; Sees Goodwill Impairment
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K-FED Bancorp (KFED) Reports Q2 Earnings; Doesn't Apply for TARP Funds
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Arrow Financial (AROW) Elects Not to Participate in TARP
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Liberty Bancorp (LBCP) Declines Participation in TARP Capital Purchase Program
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PNC Financial (PNC) Sees FY08 Profit, Q4 Loss Due to National City Acquisition
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Firstbank Corporation (FBMI) Announces Treasury's Approval for CPP
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Somerset Hills Bancorp (SOMH) Receives $7.4 Million From TARP Program
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Washington Banking Company (WBCO) Receives $26.38 Million Investment Under U.S. Treasury's Capital Purchase Program
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Discover Financial (DFS) Receives Preliminary Approval for $1.2B Under Treasury's Capital Purchase Program
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Provident New York Bancorp (PBNY) Reports Q1 Earnings
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Teche Holding (TSH) Decline to Participate in the U.S. Treasury Department's TARP Program
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North Central Bancshares (FFFD) Sales $10.2M In U.S. Treasury's Capital Purchase Program
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First Bancorp (FBNC) Completes Sale of $65M of Preferred Stock Under U.S. Treasury's Capital Purchase Program
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Home BancShares (HOMB) Pre-Announces Q4 and FY08 Results - Below Consensus
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NBT Bancorp (NBTB) Elects to Not Participate in TARP Program
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The Phoenix Companies (PNX) Files Shelf Registration with SEC
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Dime Community (DCOM) Decides Not to Participate in TARP Program
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Legacy Bancorp (LEGC) Receives Preliminary Approval for $20 Million From TARP
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Flagstar Bancorp (FBC) Receives Preliminary Approval for $266 Million From TARP
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Fifth Third Bancorp (FITB) Completes $3.4 Billion in Preferred Shares to U.S. Treasury
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First Capital (FCAP) Declines to Participate in TARP Program
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Top 10 News Items 12/22-12/26: GMAC Gets Bank Holding Status, Mortgage Applications Surge and Wall Street Suicide Tied To Madoff
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Unusual 11 Mid-Day Movers 12/26: Jones Apparel (JNY) Up On Amended Credit Facility; GM (GM) Up On GMAC Bank Holding News
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Morning Movers 12/26: GM (GM) Up On GMAC Bank Holding News, Amazon (AMZN) Up on Strong Holiday Season
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GMAC Receives Approval to Become a Bank Holding Company
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Park National Corp (PRK) Receives $100 Million From U.S. Treasury's Capital Purchase Program
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CFS Bancorp (CITZ) Will Not Participate in Treasury's Capital Purchase Program; Cuts Qtr. Dividend 66% to $0.04/Share
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American Express (AXP) Gets Approval for $3.39 Billion From TARP Program
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Lakeland Financial (LKFN) Receives Preliminary Approval for $56 Million From TARP
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S&T Bancorp (STBA) Receives Preliminary Approval for $109M from Treasury's Capital Purchase Program
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CIT Group (CIT) Receives Preliminary Approval for $2.33 Billion From TARP
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North Central Bancshares (FFFD) Receives Preliminary Approval from Capital Purchase Program
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Fidelity Southern (LION) Receives $48.2M from US Treasury
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VIST Financial (VIST) Receives $25M Through Treasury's Capital Purchase Program
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Bancorp Rhode Island (BARI) Receives Help from TARP Program
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Century Bancorp (CNBKA) Receives Preliminary Approval for $30 Million From TARP
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State Street (STT) Declares $0.24/Sh Qtr Dividend, Won't Raise Payout Due to TARP
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Lakeland Bancorp (LBAI) Receives Preliminary Approval for $59 Million From TARP
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Community Trust Bancorp (CTBI) Receives Preliminary Approval for $68 Million Under TARP
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Enterprise Financial (EFSC) to Add $60 Million in Capital
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Wilshire Bancorp (WIBC) Receives $62.158 Million Under TARP Program
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Center Financial (CLFC) Receives $55 Million in New Capital From U.S. Treasury's Capital Purchase Program
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Notable Mergers and Acquisitions of the Day 12/10: VRX, YHOO, GNW

