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The Treasury Department plans to auction seven more lenders' Troubled Asset Relief Program shares, with a total face value of about $90 million.
November 4 -
Carolina Bank Holdings in Greensboro, N.C., has bought back some of the preferred stock it issued through the Troubled Asset Relief Program.
September 11 -
The Treasury Department is taking a roughly 45% discount its latest auction of Troubled Asset Relief Program shares.
November 8
Pacific City Financial (PFCF) in Los Angeles redeemed more than half the preferred stock it issued to the Treasury Department under the Troubled Asset Relief Program.
Pacific City said Thursday that it redeemed $8.7 million of the $16.2 million in outstanding stock
The Treasury's remaining stake in the company, along with $2 million in unpaid dividends and interest, was auctioned to private investors.
