By Sarah N. Lynch Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)-The U.S. Treasury reported Tuesday it has doled out an additional $84.7 million to 10 banks as part of its program to inject more capital into the banking system.
The capital purchase program is part of the $700 billion bailout passed by Congress last year. To date, about $199.5 billion in capital injections have been made into banks across the country.
The latest banks to participate in the program as of June 19 were: Merchants and Manufacturers Bank Corporation of Joliet, Ill., RCB Financial Corp., of Rome, Ga., Manhattan Bancshares, Inc. of Manhattan, Ill., Biscayne Bancshares, Inc. of Coconut Grove, Fla., Duke Financial Group of Minneapolis, Minn., Farmers Enterprises Inc. of Great Bend, Kan., Century Financial Services Corp. of Santa Fe, N.M., NEMO Bancshares Inc. of Madison, Mo., University Financial Corp of St. Paul, Minn., and Suburban Illinois Bancorp Inc. of Elmhurst, Ill.
In addition, two more companies joined the federal program that helps modify troubled homeowners' loans. Those two firms were First Federal Savings and Loan of Port Angeles, Wash., and Wescom Central Credit Union of Anaheim, Calif.
-By Sarah N. Lynch, Dow Jones Newswires; 202-862-6634; sarah.lynch@dowjones.com
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Publié le 23 Juin 2009 Copyright © 2009 Dowjones