TEXAS: Plains Capital TARP Funds

Williamson, Richard
December 2008
Bond Buyer;12/30/2008, Vol. 366 Issue 33031, p9
Trade Publication
The article reports on the $87.6 million received by the PlainsCapital Corp. from the U.S. Treasury Department's financial rescue program in Texas. It states that the company was among the 92 local banks receiving a share of $4.7 billion issued by the Treasury. It says that the taxpayer funds will boost the bank's capital ratio, a key indicator of financial strength.


Related Articles

  • Capital Purchase Program Funds: Thanks, but Maybe No Thanks. Murray, Daniel G.; Quirk III, William H. // Bank Accounting & Finance (08943958);Jun/Jul2009, Vol. 22 Issue 4, p42 

    The article discusses the Capital Purchase Program (CPP) announced by the U.S. Treasury. The CPP injects capital into healthy financial institutions which will allow them to further increase the flow of financing to consumers and enterprises and stimulate U.S. economic growth. According to the...

  • With Bailout Approved, What's Next. Kaper, Stacy // American Banker;10/6/2008, Vol. 173 Issue 193, p1 

    The article reports that after the U.S. government approved a large bailout plan for financial institutions in 2008, the Treasury Department will have to work hard to put the plan into effect. Laurence E. Platt, a lawyer for K&L Gates, says the first thing the Treasury Department will have to do...

  • Amex to Get $3.4B Of Treasury Money. Harry Terris, By // American Banker;12/29/2008, Vol. 173 Issue 247, p16 

    The article reports that American Express Co. has announced that it expects to receive almost $3.5 billion through the U.S. Treasury's Capital Purchase Program. Also noted is the U.S. Federal Reserve Board's December 2008 approval of the credit card company's application to become a bank holding...

  • Treasury Tweaks Bank Asset Program.  // American Banker;4/7/2009, Vol. 174 Issue 66, p16 

    The article discusses changes and modifications the U.S. Treasury Department made to its plan to restart the market for toxic assets that U.S. banks own. An application deadline for a securities program has been extended, the article notes, and criteria for participating in the program has been...

  • First Bid, More Details on Loan-Selling Program. Flitter, Emily; Hopkins, Cheyenne // American Banker;10/7/2008, Vol. 173 Issue 194, p4 

    The author reports on actions being taken by banks to have the U.S. Treasury Department to purchase their assets. Information which will be made public about the banks who apply for the Treasury Department to purchase their assets is mentioned. Various ways in which the Treasury Department is...

  • Treasury, Hill Haggle Over Mods, Exec Comp. Kaper, Stacy; Hopkins, Cheyenne // American Banker;9/23/2008, Vol. 173 Issue 184, p1 

    The author reports on efforts by lawmakers and the U.S. Treasury Dept. to reach an agreement in which the Treasury Dept. will purchase the assets of troubled banks. Issues regarding the bailout which are being debated include the salaries given to executives of companies the government bails out...

  • Time for Permanent Nationalization! Moseley, Fred // Dollars & Sense;Mar/Apr2009, Issue 281, p19 

    The author suggests the nationalization of large banks in the U.S. He points out that the bailout of major banks by the Treasury Department is an economic injustice that should be stopped by permanent nationalization. He cites that the capitalist financial system is unstable. He recommends...

  • Treasury Capital Plan Needs Adjustments. Isaac, William M. // American Banker;11/12/2008, Vol. 173 Issue 219, p11 

    This article discusses reasons that the U.S. Treasury Department needs to grant an extension to banks to file for participation in the department's Capital Purchase Program. The article recommends that banks that don't need the capital to decline the offer unless changes are made that reduce...

  • Will Government Give up Ownership in the Banks? Jeffrey, Terence P. // Human Events;11/3/2008, Vol. 64 Issue 38, p9 

    The author considers the potential unintended consequences of the action being taken by the U.S. government to purchase $250 billion worth of shares in U.S. banks. One possibility he cited is that government holds the banks indefinitely. He explains that the language controlling what the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics