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The Treasury Department plans to auction its remaining stakes in 16 banks as it continues to unwind its holdings from the Troubled Asset Relief Program.
May 30 -
The Treasury Department plans to auction its holdings in eight more banks as it continues to unwind Troubled Asset Relief Program holdings.
April 15 -
The Treasury Department plans to auction its holdings in seven banks, including Flagstar Bancorp (FBC), as it continues to unwind the Troubled Asset Relief Program holdings.
March 8
The Treasury Department has begun auctioning more than $51 million of stock that it acquired through the Troubled Asset Relief Program.
The auction of its preferred stock and subordinated debt in six banks began Monday and will run through Thursday, it said.
The largest stake up for auction is the $25 million of preferred stock in Intervest Bancshares (IBCA) in New York that Treasury bought in December 2008. The Office of the Comptroller of the Currency
The second largest stake being auctioned is $10.8 million of Security State Bank Holding preferred stock. The Fargo, N.D., company issued the stock in May 2009.
The Treasury is also auctioning an $8.6 million stake in First Western Financial in Denver; a $3.7 million stake in Pathway Bancorp in Cairo, Neb.; a $2.7 million stake in Worthington Financial Holdings in Huntsville, Ala.; and a $442,000 stake in Farmers & Merchants Financial in Argonia, Kan.
