Tarp Funds: Southern California Banks That Still Owe

A list of Southern California banks that as of June 6 had not repaid all funds from the U.S. Treasury's Troubled Asset Relief Program, with missed quarterly dividend payments.

  • Some Smaller Banks Still Owe TARP Money
    Some banks have struggled to get out from under the government's thumb and have filed for bankruptcy or sold themselves as a result. Central Virginia Bankshares Inc., which received $11.4 million taxpayer funds ... of United Southern Bank of Hopkinsville ...
    09/25/2013 - 6:11 am | View Link
  • Small Banks Clutch A Government Lifeline
    The banks, which received funds through the Troubled Asset Relief Program ... wiping out the taxpayers' shares in the bank. California's Saigon National Bank owes roughly $1.5 million, plus an additional $390,000 in missed dividend payments.
    09/24/2013 - 10:52 am | View Link
  • TARP funds: Southern California banks that still owe
    Status: Gerald R. Ford investor group took over troubled institution in April 2010, providing $500 million in new capital. Deal gave Treasury Department 11% stake in bank. Pending sale to UnionBanCal Corp. would more than double Ford's money and yield ...
    07/5/2012 - 3:27 pm | View Link
  • TARP funds: Southern California banks that still owe
    Comment: CFO James Burgess: "We'd like to pay it back as soon as the regulators allow it. We have another two years before the dividend goes to 9%." Status: Being acquired by First California Financial Group, parent of First California Bank of Westlake ...
    07/5/2012 - 1:00 pm | View Link
  • 6 Banks That Still Need To Roll Up Their TARP
    Nearly 84% of TARP funds ... in the Southern states. Zions Bancorp (Nasdaq:ZION) Although Zions loaned much less to individuals (and much more to companies) during the bubble, the company had heavy exposure to Western states like Arizona and California.
    03/10/2011 - 11:00 am | View Link
  • More
  • Treasury's bank bailout list
    Bailed out banks The Treasury Department has invested about $200 billion in hundreds of banks through its Capital Purchase Program in an effort to prop up capital and ...
    04/15/2014 - 8:08 pm | View Website
  • Troubled Asset Relief Program
    The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase assets and equity from financial institutions to strengthen its ...
    04/15/2014 - 5:23 pm | View Website
  • Follow the money: Bailout tracker
    Program Committed Invested Description; Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility: Unlimited: $0 million: Financing to banks for ...
    04/15/2014 - 1:56 pm | View Website
  • USC Marshall School of Business |
    With an emphasis on entrepreneurship and innovation, collaborative research and social responsibility, the USC Marshall School of Business is ideally positioned to ...
    04/15/2014 - 1:56 pm | View Website
  • Personal Online Banking | Bank of Southern California
    Quick, secure and convenient, Bank of Southern California's online banking services allow you to view account activity, pay your bills and more.
    04/15/2014 - 9:38 am | View Website
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