Here's proof the housing bubble is about to burst

In California, a reversal of foreclosure fortunes

Lenders adapt to the homeowner bill of rights

Remember Ellie Mae’s cyber attack? It didn’t happen

No evidence of malicious attack found
Investments / The Ticker

Treasury to auction preferred stock, debt from 11 banks

/ Print / Reprints /
| Share More
/ Text Size+

Assets tied to 11 U.S. banking facilities will be auctioned off by the Treasury as the agency tries to offload the remaining preferred stock and subordinated debt positions it acquired through the Troubled Asset Relief Program's capital purchase plan.

Initially, the Capital Purchase Program acquired assets – including preferred stock and debt – to help provide liquidity to banking institutions in the wake of the financial crisis.

The Treasury is now auctioning off preferred stock and subordinated debt positions from the following banks: Alliance Financial Services in St. Paul, Minn.; Biscayne Bancshares Inc. (Coconut Grove, Fla.); Citizens Bancshares Co. (Chillicothe, Mo.); Coastal Banking Co. (Beaufort, S.C.); Colony Bankcorp (Fitzgerald, GA); Delmar Bancorp (Salisbury, MD); Dickinson Financial Corp. (Kansas City, MO); F&M Bancshares (Trezevant, Tenn.); First Priority Financial Corp. (Malvern, Pa.); HMN Financial (Rochester, Minn.); and Waukesha Bankshares (Waukesha, Wis.)

The offerings will commence at 9 a.m. (EST) on Jan. 28 an last through 6 p.m. (EST) on Jan. 29.

Click here to read more.


Recent Articles by HousingWire Staff

Comments powered by Disqus