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Treasury Makes Announcement Regarding Auctions of Preferred Stock and Subordinated Debt Positions

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WASHINGTON –Due to the weather forecast, the U.S. Department of the Treasury announced today that it would temporarily delay the auctions of Troubled Asset Relief Program (TARP) Capital Purchase Program (CPP) preferred stock and subordinated debt positions in the following twelve institutions, which it had previously intended to commence on October 30, 2012. Additional details on the rescheduling of these auctions will be provided in the near future.

•               BankGreenville Financial Corporation (Greenville, SC);

•               Capital Pacific Bancorp (Portland, OR);

•               Community Business Bank (West Sacramento, CA);

•               F&C Bancorp, Inc. (Holden, MO);

•               Farmers Enterprises, Inc. (Great Bend, KS);

•               First Freedom Bancshares, Inc. (Lebanon, TN);

•               Franklin Bancorp, Inc. (Washington, MO);

•               Regional Bankshares, Inc. (Hartsville, SC);

•               Sound Banking Company (Morehead City, NC);

•               Three Shores Bancorporation, Inc. (Orlando, FL);

•               Timberland Bancorp, Inc. (Hoquiam, WA); and

•               Western Illinois Bancshares, Inc. (Monmouth, IL).

 

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