The Ticker
Treasury auctions off preferred stock of five banks
2/6/13 1:13pm
The U.S. Department of the Treasury announced today that it is commencing auctions for all of its Troubled Asset Relief Program’s Capital Purchase Program preferred stock and subordinated debt positions in the following five institutions Carolina Bank Holdings ($12.99 0%), FC Holdings ($6.11 -0.01%), First Trust Corporation, National Bancshares ($18.29 0%) and Ridgestone Financial Services ($0.00 0%).
The auction began Wednesday at 9 a.m. Eastern time and will close on Thursday at 6 p.m. Eastern time.