Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for Plumas Bancorp > News item |
Treasury announces TARP auction of eight institutions' securities
By Stephanie N. Rotondo
Phoenix, April 12 - The Department of the Treasury has scheduled an auction of preferred stock and subordinated debt positions held in eight financial institutions, according to a Friday press release.
The securities were issued to the federal agency under the Troubled Asset Relief Program. The modified Dutch auction is expected to begin on Monday and end at 6 p.m. ET on Thursday.
The eight institutions are BancStar Inc. of Festus, Mo.; Brogan Bankshares Inc. of Kaukauna, Wisc.; First Financial Service Corp. of Elizabethtown, Ky.; Guaranty Federal Bancshares Inc. of Springfield, Mo.; NewBridge Bancorp of Greensboro, N.C.; Plato Holdings Inc. of St. Paul, Minn.; Plumas Bancorp of Quincy, Calif.; and Tennessee Valley Financial Holdings Inc.,of Oak Ridge, Tenn.
All proceeds will go back to the Treasury.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.