The U.S. Department of the Treasury is commencing auctions for all of its Troubled Asset Relief Program’s Capital Purchase Program preferred stock and subordinated debt positions in eight institutions.

The companies include BancStar, Brogan Bankshares, First Financial Service Corporation, Guaranty Federal Bancshares, NewBridge Bancorp, Plato Holdings, Plumas Bancorp and Tennessee Valley Financial Holdings.

The offerings are expected to price through a modified Dutch auctions, beginning Monday and will close at 6 p.m. ET on April 18.

 

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