TITLE

Mid Penn Bancorp in Pa. Redeems Tarp Shares

AUTHOR(S)
Browdie, Brian
PUB. DATE
December 2012
SOURCE
American Banker;12/31/2012, Vol. 177 Issue 198, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the Mid Penn Bancorp Inc. (MPB) firm and its repayment of close to 10 million dollars to the U.S. Troubled Asset Relief Program (TARP) which has resulted in the MPB's redemption of the preferred stock that it issued to the nation's Treasury Department in December 2008
ACCESSION #
84620071

 

Related Articles

  • 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...

  • 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...

  • 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 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).

  • 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.

  • STILL STUCK ON TARP. Snyder, Naomi // Bank Director;2012 3rd Quarter, Vol. 22 Issue 3, p21 

    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...

  • U.S. Earns $10.5B on Tarp Investments.  // American Banker;4/7/2010, Vol. 175 Issue 53, p3 

    The article discusses a report issued by SNL Financial which states that the U.S. Treasury Department has made $10.5 billion return on the bailout of financial services companies under the U.S. Troubled Asset Relief Program (TARP).

  • B of A Approves Tarp Payment.  // American Banker;4/6/2009, Vol. 173 Issue 65, p2 

    The article reports on the financial plans of Bank of America Corp. (B of A). The company was to pay an installment of over $700 million to the United States government, as a step toward repaying the $45 billion B of A had received under the Troubled Asset Relief Program (TARP). The U.S....

  • 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...

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