List Of Cos Planning To Participate In U.S. Govt's TARP -4-
December 03 2008 - 12:45PM
Dow Jones News
Company: VIST Financial Corp. (VIST)
Participation: VIST received preliminary approval for $25 million.
Date of disclosure: Nov. 24
Notes: n/a
Company: Ameris Bancorp (ABCB)
Participation: Ameris raised $52 million and issued warrants to purchase up
to 679,443 common shares for $11.48 each.
Date of disclosure: Nov. 21
Notes: n/a
Company: Associated Banc-Corp (ASBC)
Participation: Associated sold $525 million of senior preferred shares and
related common warrants.
Date of disclosure: Nov. 21
Notes: The additional capital will increase the company's Tier 1 capital
ratio to 12.22% from 9.22% at Sept. 30 and the total capital ratio to
14.08% from 11.08%.
Company: Banner Corp. (BANR)
Participation: Banner completed its sale of $124 million in senior
preferred shares, with a related warrant to purchase up to $18.6 million in
common stock.
Date of disclosure: Nov. 21
Notes: The new capital will increase Banner's Tier 1 leverage capital ratio
to about 11.25% from 8.86% at Sept. 30 and its total risk-based capital
ratio to about 13.9% from 11%. Banner first announced receiving preliminary
approval on Nov. 4.
Company: Columbia Banking Systems Inc. (COLB)
Participation: Columbia completed its sale of $76.9 million preferred
shares with a warrant to buy 796,046 common shares at an initial exercise
price of $14.49 a share.
Date of disclosure: Nov. 21
Notes: The new capital would raise Columbia's total risk-based capital
ratio to about 14% from 11.24% at Sept. 30. Columbia announced preliminary
approval Nov. 4.
Company: Eagle Bancorp Inc. (EGBN)
Participation: Eagle received preliminary approval to issue up to $38.2
million in preferred shares with warrants to buy up to $5.73 million in
common shares.
Date of disclosure: Nov. 21
Notes: n/a
Company: First Community Bancshares Inc. (FCBC)
Participation: First Community sold $41.5 million in preferred shares and
issued a warrant to buy up to 176,546 common shares at an exercise price of
$35.26 a share.
Date of disclosure: Nov. 21
Notes: The company first announced approval to participate Oct. 30.
Company: First PacTrust Bancorp Inc. (FPTB)
Participation: First PacTrust received $19.3 million from the sale of
19,300 preferred shares and issued a warrant to buy 280,795 common shares
at $10.31 each.
Date of disclosure: Nov. 21
Notes: First PacTrust announced preliminary approval Nov. 12.
Company: Heritage Financial Corp. (HFWA)
Participation: Heritage completed its sale of $24 million in preferred
shares and issued a warrant to buy 276,074 shares of common stock at an
exercise price of $13.04 a share.
Date of disclosure: Nov. 21
Notes: When Heritage announced preliminary approval on Nov. 4, the company
said the new capital would increase Heritage's risk-based capital ratio to
about 13.5%.
Company: HF Financial Corp. (HFFC)
Participation: HF sold $25 million in preferred shares.
Date of disclosure: Nov. 21
Notes: HF announced preliminary approval Oct. 27.
Company: Home BancShares Inc. (HOMB)
Participation: Home BancShares received preliminary approval for the
Treasury to buy $50 million in preferred shares and warrants.
Date of disclosure: Nov. 21
Notes: The new capital could immediately add about 2.2 percentage points to
the company's regulatory capital ratios, bringing its Tier 1 capital ratio
to about 15.2% from 13% at Sept. 30 and its total capital ratio to 16.5%
from 14.3%.
Company: Nara Bancorp Inc. (NARA)
Participation: Nara received $67 million for 67,000 preferred shares and
issued a warrant to purchase up to 1.04 million shares at an exercise price
of $9.64 a share.
Date of disclosure: Nov. 21
Notes: The new capital will boost Nara's leverage capital ratio to 13.07%
from 10.42% at Sept. 30, its Tier 1 risk-based capital ratio to 14.85% from
11.84% and its total risk-based capital ratio to 16.08% from 13.08%.
Company: Porter Bancorp Inc. (PBIB)
Participation: Porter completed the sale of $35 million in preferred shares
with a warrant to buy 299,829 common shares at $17.51 each.
Date of disclosure: Nov. 21
Notes: Porter announced preliminary approval Nov. 12.
Company: Trustmark Corp. (TRMK)
Participation: Trustmark completed the issuance and sale of $215 million in
preferred shares with a warrant to buy 1.65 million common shares at an
exercise price of $19.57 a share.
Date of disclosure: Nov. 21
Notes: Trustmark announced preliminary approval Nov. 6.
Company: Webster Financial Corp. (WBS)
Participation: Webster received $400 million and issued warrants for up to
3.28 million common shares at an initial exercise price of $18.28 each.
Date of disclosure: Nov. 21
Notes: The new capital increases Webster's Tier 1 leverage ratio to 11.1%
from 8.7% and its total risk-based capital ratio to 16.2% from 13.2%.
Company: First National Bancshares Inc. (FNSC)
Participation: First National received approval from its Series A preferred
shareholders to issue a new class of preferred stock to the U.S. Treasury.
Date of disclosure: Nov. 20
Notes: n/a
Company: GMAC Financial Services
Participation: GMAC applied to become a bank holding company and
participate in TARP, conditional upon becoming a bank holding company.
Date of disclosure: Nov. 20
Notes: Separately, GMAC commenced private exchange and cash tender offers.
Click here to go to Dow Jones NewsPlus, a web front
page of today's most important business and market news, analysis
and commentary:
http://www.djnewsplus.com/al?rnd=DhiqXiPFgwaKAmv0bXc80w%3D%3D. You
can use this link on the day this article is published and the
following day. .