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The Treasury Department said that 218 banks remain in the Trouble Asset Relief Program's Capital Purchase Program, and that it expects to sell its stakes in roughly 144 banks in 2013.
December 19 -
The Treasury Department plans to auction nearly $118 million of shares in six lenders as it continues to wind down the Troubled Asset Relief Program.
September 12 -
The Treasury Department plans to sell shares in five community banks for a discount of approximately 60%.
August 2
The Treasury Department plans to auction stakes in eight more banks as it continues winding down the Troubled Asset Relief Program.
The Treasury was set to begin selling the shares, which have a combined face value of about $112 million, on Monday; the auction is scheduled to end Thursday. The shares are being offered to institutional investors, entities with $25 million or more in assets and directors and officers of the banks that issued them.
The largest of the eight stakes is $30 million of preferred shares in Spirit BankCorp in Bristow, Okla. The next largest are $24 million of shares in Eastern Virginia Bankshares in Tappahannock, Va., and $21.8 million of shares in Blue Valley Ban Corp. in Overland Park, Kan.
The Treasury will also auction stakes of $17.3 million in Liberty Shares in Hinesville, Ga.; $7.4 million in Centrue Financial Corp. in Ottawa, Ill.; $5.5 million in Valley Community Bank in Pleasanton, Calif.; $3.2 million in Oregon Bancorp in Salem; and $2.7 million in Bank of George in Las Vegas.
The Treasury has been auctioning its remaining Tarp shares as it
