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The Treasury Department will sell $381.5 million of preferred shares in M&T, paying the last of the Buffalo bank's Tarp tab.
August 16 -
The Treasury Department plans to auction pools of securities in nearly two-thirds of the banks left in the Troubled Asset Relief Program, its most aggressive move yet to get small banks out of the program.
June 19 -
The Treasury has commenced another auction of Tarp holdings. At least banks are planning to use the auction as an opportunity to retire preferred shares that will carry a 9% interest rate in late 2003.
June 11
The Treasury Department plans next week to auction preferred shares in five banks that received a combined $84 million from the Troubled Asset Relief Program.
They are BNC Bancorp in High Point, N.C.; First Community Corp. in Lexington, S.C.; First National Corp. in Strasburg, Va.; Guaranty Federal Bancshares in Springfield, Mo.; and Mackinac Financial Corp. in Manistique, Mich.
The Treasury plans to start
