Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Gov't selling stakes in 12 bailed-out US banks

Send a link to a friend

[July 24, 2012]  WASHINGTON (AP) -- The government is selling its stakes in 12 small U.S. banks bailed out during the 2008 financial crisis.

The Treasury Department says the auctions of preferred stock will start Monday and go through Thursday.

The government lent $415 billion to financial institutions and automakers under the Troubled Asset Relief Program, or TARP. Roughly $245 billion went to 707 small banks.

The 12 banks received a total $324 million.

The government has received about $344 billion so far from bailed-out institutions. It still owns stakes in 325 banks.

[to top of second column]

Investments

The 12 banks are CBS Banc-Corp., Commonwealth Bancshares Inc., Diamond Bancorp Inc., Exchange Bank, Fidelity Financial Corp., First Community Financial, First Western Financial Inc., Market Street Bancshares Inc., Marquette National Corp., Premier Financial Bancorp Inc., Park Bancorporation and Trinity Capital Corp.

[Associated Press]

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

< Recent articles

Back to top


 

News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries

Community | Perspectives | Law & Courts | Leisure Time | Spiritual Life | Health & Fitness | Teen Scene
Calendar | Letters to the Editor