Treasury lists 39 ‘bailed’ banks - $1.5B
Written on January 24, 2009
The U.S. Treasury Department Thursday detailed 39 additional banks that have received a combined $1.5 billion in government funds under its Troubled Asset Relief Program.
It included $400 million for First BanCorp of San Juan, Puerto Rico, $146 million for Dickinson Financial Corp II of Kansas City, Missouri and nearly $108 million for S&T Bancorp of Indiana, Pennsylvania.
Other payouts ranged from $1.75 million for Community Bank of the Bay in Oakland, California to $75 million for Texas Capital Bancshares Inc in Dallas, Texas pay day loans.
The Treasury said its latest payouts brought investments under its Capital Purchase Program, the main avenue for bank capital injections, to $193.8 billion. The Treasury has allocated $250 billion for the program.
Filed in: finance.