Treasury Department Releases Updated Capital Purchase Program Transaction Report
The Treasury Department released details of a new round of Capital Purchase Program transactions, totaling $1.5 billion for 39 banks. The Capital Purchase Program allows qualified financial institutions to receive a capital injection from the Treasury Department in return for preferred stock and warrants. Today's report discloses investments ranging from approximately $1.7 million to $400 million. The Treasury Department's aggregate investments under the Capital Purchase Program now total $193.8 billion. Click here for the Treasury Department's press release, and click here for all Capital Purchase Program transactions to date.
