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LSBX Lsb Corp (MM)

20.95
0.00 (0.00%)
05 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Lsb Corp (MM) NASDAQ:LSBX NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 20.95 0 01:00:00

List Of Cos Planning To Participate In U.S. Govt's TARP

09/12/2008 5:45pm

Dow Jones News


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The following is a list of companies announcing plans to participate in the U.S. government's capital purchase program, under which the U.S. Treasury plans to spend up to $250 billion on equity stakes in potentially thousands of banks, using funds approved by Congress under the $700 billion bailout bill.

 
 
   Company: Center Bancorp Inc. (CNBC) 
   Participation: Received preliminary approval for participation and filed to 
   sell $11.5 million in preferred stock and warrants. 
   Date of disclosure: Dec. 9 
   Notes: The $10 million in preferred stock amounted to about 50% of what the 
   corporation qualified for. 
 
   Company: Elmira Savings Bank (ESBK) 
   Participation: Received preliminary approval for $9.09 million. 
   Date of disclosure: Dec. 9 
   Notes: n/a 
 
   Company: Sterling Bancorp (STL) 
   Participation: Received preliminary approval for up to $42 million. 
   Date of disclosure: Dec. 9 
   Notes: n/a 
 
   Company: SunTrust Banks Inc. (STI) 
   Participation: Received preliminary approval to sell the remaining $1.4    
   billion. 
   Date of disclosure: Dec. 9 
   Notes: SunTrust has already received $3.5 billion under the program. 
 
   Company: Wilber Corp. (GIW) 
   Participation: Received preliminary approval for up to $12 million. 
   Date of disclosure: Dec. 9 
   Notes: $12 million of capital purchase funds represents about 2% of the    
   company's risk-weighted assets. 
 
   Company: 1st Source Corp. (SRCE) 
   Participation: Received preliminary approval for up to $111 million. 
   Date of disclosure: Dec. 8 
   Notes: 1st Source will also issue a warrant for the Treasury to purchase up 
   to $16.65 million in common stock, representing about 3.5% of current       
   common shares outstanding. 
 
   Company: BNC Bancorp (BNCN) 
   Participation: Sold $31.3 million in preferred shares and warrants. 
   Date of disclosure: Dec. 8 
   Notes: The preferred shares and warrants for common stock represents 3% of 
   the company's risk-weighted assets as of Sept. 30. 
 
   Company: Crescent Financial Corp. (CRFN) 
   Participation: Received preliminary approval for up to $24.9 million. 
   Date of disclosure: Dec. 8 
   Notes: n/a 
 
   Company: CVB Financial Corp. (CVBF) 
   Participation: CVB sold $130 million in preferred shares and warrants. 
   Date of disclosure: Dec. 8 
   Notes: n/a 
 
   Company: Eastern Virginia Bankshares (EVBS) 
   Participation: Received preliminary approval for up to $24 million in       
   additional capital. 
   Date of disclosure: Dec. 8 
   Notes: At the maximum level, total Tier 1 capital would increase to $109.9 
   million from $85.9 million and total capital would increase to $118.4       
   million from $94.4 million. 
 
   Company: Great Southern Bancorp Inc. (GSBC) 
   Participation: Sold 58,000 preferred shares for $58 million. 
   Date of disclosure: Dec. 8 
   Notes: Great Southern also issued to the Treasury a warrant to purchase    
   909,091 common shares at $9.57 a share. The amount of preferred shares 
   represents about 3% of the company's risk-weighted assets as of Sept. 30. 
 
   Company: LSB Corp. (LSBX) 
   Participation: Received preliminary approval for up to $15 million. 
   Date of disclosure: Dec. 8 
   Notes: n/a 
 
   Company: MB Financial Inc. (MBFI) 
   Participation: Sold $196 million in preferred stock. 
   Date of disclosure: Dec. 8 
   Notes: Sold 196,000 preferred shares and a warrant to purchase 1,012,048    
   common shares at $29.05 a share. 
 
   Company: Southern Missouri Bancorp Inc. (SMBC) 
   Participation: Sold $9.55 million in preferred stock. 
   Date of disclosure: Dec. 8 
   Notes: Issued a warrant to buy 115,326 shares for $12.53 each. 
 
   Company: Unity Bancorp Inc. (UNTY) 
   Participation: Sold $20.65 million in preferred stock. 
   Date of disclosure: Dec. 8 
   Notes: n/a 
 
   Company: West Bancorporation Inc. (WTBA) 
   Participation: Received preliminary approval for up to $36 million. 
   Date of disclosure: Dec. 8 
   Notes: Participation is contingent upon a Dec. 23 shareholder vote amending 
   the company's restated articles of incorporation to authorize the issuance 
   of preferred stock. 
 
   Company: Central Bancorp Inc. (CEBK) 
   Participation: Central sold $10 million in preferred shares. 
   Date of disclosure: Dec. 5 
   Notes: The new capital will raise Central Bancorp's Tier 1 leverage ratio 
   to 8.23% from 6.44% at Sept. 30, its Tier 1 risk-based ratio to 11.92% from 
   9.32% and its total risk-based ratio to 13.14% from 10.54%. 
 
   Company: Coastal Banking Co. Inc. (CBCO) 
   Participation: Coastal received $9.95 million from the sale of preferred 
   shares and issued warrants on 205,579 common shares at $7.26 a share. 
   Date of disclosure: Dec. 5 
   Notes: The new capital will raise Coastal's Tier 1 risk-based capital ratio 
   to 15.25% from 12.25% at Sept. 30 and its total risk-based capital ratio to 
   16.5% from 13.5%. 
 

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