Treasury Announces Intent to Sell Preferred Stock Positions

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Treasury Announces Intent to Sell Preferred Stock Positions


WASHINGTON – As part of its ongoing efforts to wind down and recover its remaining Capital Purchase Program (CPP) investments under the Troubled Asset Relief Program (TARP), the U.S. Department of the Treasury today announced its intention to sell several preferred stock CPP investments. Treasury intends to conduct auctions for all of its preferred stock positions (the CPP Securities) in the following eleven institutions:

Blue Ridge Bancshares, Inc., Independence, MO;
First Gothenburg Banschares, Inc., Gothenburg, NE;
Blackhawk Bancorp Inc., Beloit, WI;
Germantown Capital Corporation, Inc., Germantown, TN;
CenterBank, Milford OH;
Oak Ridge Financial Services, Inc., Oak Ridge, NC;
Congaree Bancshares Inc., Cayce, SC;
Metro City Bank, Doraville, GA;
Peoples Bancshares of TN, Inc., Madisonville, TN;
The Little Bank, Incorporated, Kinston, NC; and
HomeTown Bankshares Corporation, Roanoke, VA

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