Bank & Thrift - Regulatory and Legal Developments
2 more institutions get TARP funding
November 03, 2009 9:16 PM ET
By Uzair Aftab
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The U.S. Treasury Department on Nov. 3 released its TARP Transactions Report for the period ending Oct. 30, listing the two institutions that are the latest to receive TARP funding. Asheboro, N.C.-based Randolph Bank & Trust Co. received about $6.2 million for preferred stock with exercised warrants, and Reston, Va.-based WashingtonFirst Bankshares Inc. received roughly $6.8 million for preferred stock. According to the report, the Treasury's total purchase amount under the Capital Purchase Program stood at about $204.68 billion, with a total capital repayment amount of approximately $70.80 billion and a total CPP investment amount of roughly $133.87 billion. | 
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