Capital Purchase Program

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Capital Purchase Program

In the United States, a portion of the Troubled Asset Relief Program dedicated to the purchase of preferred stock and warrants of banks in the United States. The program was created to spur lending in the wake of the 2008 financial crisis by shoring up at-risk banks. The program lasted from 2008 until February 2009 when it was replaced by the Capital Assistance Program.

References in periodicals archive ?

We entered into the Capital Purchase Program to support the efforts of the U.

U.S. Bancorp Repurchases TARP Warrant from U.S. Treasury

In the twelve months since the company began participating in the Capital Purchase Program, SVB Financial Group has made loans to more than 400 new borrowers and has increased its market share, particularly among high-growth, early-stage companies.

SVB Financial Group to Fully Repay TARP Funds to U.S. Treasury

Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: a decision by the Company not to proceed with the repurchase of the warrants issued to the United States Department of the Treasury under the Troubled Asset Relief Program Capital Purchase Program.

American Express Completes Repurchase of $3.39 Billion of Preferred Shares from U.S. Treasury

We supported the Capital Purchase Program as an important element in restoring stability to the U.

Northern Trust Receives Authority to Repay U.S. $1.576 Billion

Nevertheless, Valley's management and board of directors believe that an incremental repayment at this time rather than a full repayment of the Capital Purchase Program funds is prudent based upon today's unpredictable economic environment.

Valley National Bancorp Receives Approval From U.S. Treasury to Repurchase a Portion of Its Preferred Stock

Under the Capital Purchase Program, which is part of the Emergency Economic Stabilization Act, the Treasury Department has agreed to buy preferred stock and related common warrants in qualifying U.

Premier Financial Bancorp, Inc. Selected to Participate in U.S. Treasury Capital Purchase Plan

The TARP Capital Purchase Program is a voluntary program for healthy U.

Community Financial Shares, Inc. Receives $6.97 Million of New Capital under U.S. Treasury's TARP Capital Purchase Program

Prior to participating in the Capital Purchase Program, FirstMerit had maintained capital levels well in excess of regulatory guidelines and based upon our current capital levels, we will continue to be one of the strongest capitalized institutions in the Midwest after redemption of the preferred shares.

FirstMerit Corporation Files Notice to Redeem $125 Million of Preferred Stock Held by the United States Department of Treasury

As part of the Capital Purchase Program, we are committed to offering financial products that will restore faith in the U.

S&T Bank Commits $20 Million for Special Mortgage Program to Stimulate Growth of Residential Construction Market

We are pleased that we received preliminary approval to participate in Treasury's Capital Purchase Program," said Ramani Ayer, chairman and chief executive officer of The Hartford.

The Hartford Receives Preliminary Approval For $3.4 Billion Participation In Treasury's Capital Purchase Program

00 per share (Preferred Stock) sold to the Treasury Department on January 9, 2009 in connection with the Capital Purchase Program (CPP) of the Troubled Assets Relief Program (TARP).

Sun Bancorp to Redeem Preferred Stock Under the Treasury's Capital Purchase Program

98 million in additional capital from the issuance of non-voting preferred shares to the United States Treasury as part of the Capital Purchase Program.

Howard Bancorp Announces Increased Capitalization and Expansion of Community Lending Programs