TITLE

STILL STUCK ON TARP

AUTHOR(S)
Snyder, Naomi
PUB. DATE
July 2012
SOURCE
Bank Director;2012 3rd Quarter, Vol. 22 Issue 3, p21
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the outcome of the U.S. Treasury Department's Troubled Asset Relief Program (TARP). It discusses what happens to TARP banks in the Capital Purchase Program when annual dividends rate on the preferred stock increases. It explains why community banks are the ones struggling to exit the TARP. It describes the U.S. Treasury's plan to aid local banks in raising new capital to repay the government funding.
ACCESSION #
82085027

 

Related Articles

  • TROUBLED ASSET RELIEF PROGRAM: Status of Participants' Dividend Payments and Repurchases of Preferred Stock and Warrants.  // GAO Reports;7/9/2009, preceding p1 

    The article focuses on the Troubled Asset Relief Program (TRAP) and discusses the status of participants' dividend payments and repurchases of preferred stock and warrants. It is stated that according to TRAP, the U.S. Department of Treasury has the authority to purchase and insure through its...

  • For Some, Getting Out of Tarp May Mean Getting Bought Out. Davidson, Kate // American Banker;1/3/2011, Vol. 176 Issue 1, p1 

    The article discusses the plight of small banks struggling to pay back government loans they received through participation in the U.S. Treasury Department's Troubled Asset Relief Program (TARP). In many instances these bank are unable to either pay TARP dividends or raise the capital required...

  • SIGTARP: TARP COMMUNITY BANKS FACE UPHILL BATTLE.  // Pratt's Bank Law & Regulatory Report;2011, Vol. 17 Issue 11, p6 

    The article focuses on the report of the Special Inspector General for the Trouble Asset Relief Program (SIGTARP) which outlines the need for the U.S. Department of Treasury to develop a Troubled Relief Program exit for community banks. The report notes the needed exit of community banks from...

  • Treasury to Auction Stakes in Flagstar, Six Other Banks. Cumming, Chris // American Banker;3/11/2013, Vol. 178 Issue 37, p6 

    The article reports that the U.S. Department of the Treasury will conduct an auction to sell its holdings of stock in seven community banks including Flagstar Bancorp, Old Second Bancorp and Alliance Bancshares which it purchased as part of the Troubled Asset Relief Program (TARP).

  • GETTING IT RIGHT. Sloan, Allan // Fortune International (Asia);6/22/2009, Vol. 159 Issue 12, p74 

    The article analyzes the decision of the U.S. Treasury Department to not purchase troubled assets through the $700 billion Troubled Asset Relief Program (TARP). It reports that the Treasury Department used the fund to acquire preferred stock in banks to boost their capital. The Public-Private...

  • Treasury to Auction Tarp Stock. Davidson, Kate // American Banker;3/16/2012, Vol. 177 Issue F311, p15 

    The article announces that the U.S. Treasury Department will auction off its preferred stock in six U.S. Troubled Asset Relief Program (TARP) banks on March 26, 2012, including Banner Corp., First Financial Holdings Inc., and Seacoast Banking Corp.

  • Banks Are Sold on Warrant Auctions. Monks, Matthew; Hopkins, Cheyenne // American Banker;2/19/2010, Vol. 175 Issue F307, p1 

    The article discusses the U.S. Treasury Department's auctioning of stock warrants that it took in Bank of America Corporation, Washington Federal Incorporated, Texas Capital Bancshares, and Signature Bank as part of the Troubled Asset Relief Program (TARP). According to the article, the Treasury...

  • The Bailout Yearbook: The Stars and the Slackers. Weise, Karen // Pro Publica;9/26/2010, p11 

    The article focuses on the federal bailout fund which will expire on October 3. The new programs will not be started by the government after that but the payment of money will be continued. In 2008, the U.S. Treasury Department was authorized to spend 700 billion dollars in the Troubled Asset...

  • Report: 390 Banks Stuck in Tarp Need an Exit Strategy. Wack, Kevin // American Banker;10/27/2011, Vol. 176 Issue 166, p16 

    The article discusses a report from the U.S. Special Inspector General for the Troubled Asset Relief Program (Tarp). The report recommends the Treasury Department create an exit strategy for the 390 community banks that remain in Tarp because many are not paying the dividend or interest owed to...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

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

Try another library?
Sign out of this library

Other Topics