TARP
Date Set for One Bank & Trust Sale
Standing first in line for the court-ordered sale of controlling interest in Little Rock’s One Bank & Trust is the United States of America, with a potential credit bid of up to $47.9 million. read more >
Feds Ask To Sell One Bank & Trust
A change of ownership is in motion for Little Rock’s One Bank & Trust. The U.S. government has asked for a court-ordered stock sale of controlling interest in the $305 million-asset bank. read more >
by George Waldon -
Southern Bancorp Plans To Raise $20M
The ownership of Southern Bancorp Inc. recently underwent change to simplify its stock structure and create a more market-friendly organization. read more >
by George Waldon -
Community First Bancshares Exits TARP In the Black
The U.S. Treasury ended up with nearly $3.7 million more than it “loaned” to Community First Bancshares Inc. of Harrison. The $12.7 million that Uncle Sam invested in Community First was accomplished with preferred stock and warrants issued through the Capital Purchase Program. read more >
by George Waldon -
Special TARP Investigator Lists Dozens of Prosecutions
The federal agency that is keeping tabs on TARP, the bank bailout program that dates to 2008, reported last month that it has pursued legal action against scores of bank executives who allegedly misused the taxpayer funds. read more >