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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Lincoln National (LNC) Higher After Announcing Move To Repay the U.S.
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Lincoln Financial (LNC) To Repay Treasury, Offering $335M In Stocks $750M In Senior Notes
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Lakeland Financial (LKFN) Announces Redemption of Preferred Shares Under TARP
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Boston Private Financial (BPFH) Files $40M Common Shelf
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First BanCorp (FBP) Announces FirstBank Signs Consent Order with FDIC and OFIPR
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Treasury Sold 1.5 Billion Citigroup (C) Shares for $6.2B, Will Sell Another 1.5 Billion Shares
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Hampton Roads (HMPR) Announces $275M Capital Raise
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Wells Fargo & Co. (WFC) Announces Acquisition of 70.2M Treasury Warrants at $7.70/Warrant
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Sterling Financial (STSA) to Receive $134.7M Investment from THL; Reports Q1 loss of $1.71
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U.S. To Start By Selling 1.5 Billion Citigroup (C) Shares
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Susquehanna Bancshares (SUSQ) Announces Payback of $200M to U.S. Treasury
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Treasury Announces Voting of Its Shares at Citigroup (C) Annual Meeting
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Treasury To Sell Warrant Positions In WFC, PNC, CMA, VLY, SBIB, FFBC
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Independent Bank (IBCP) Announces Treasury Exchange Agreement
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Hartford Financial Services (HIG) Announces $3.4B Repayment of Preferred Shares Under U.S. Treasury CPP
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Comerica Inc. (CMA) Will Not Repurchase Warrant from U.S. Treasury
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U.S. Treasury Confirms "Orderly and Measured" Sale of Citigroup (C) Shares
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Hartford Financial Services (HIG) Prices 52.25M Common Offering at $27.75/Share
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Sandy Spring Bancorp (SASR) Commences $83M Common Offering
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Comerica (CMA) Repays $2.25B In Tarp
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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
