Friday, Treasury released its most recent completed transactions report for the period ending December 16, 2009. During the period, two financial institutions repurchased warrants issued to Treasury under the Capital Purchase Program (CPP) for a total of $1,128,700. FPB Financial Corp. also repurchased $1,000,000 of the $3,240,000 in preferred stock issued to Treasury under the CPP, leaving Treasury with a $2,240,000 investment in the company. Treasury’s total investment under the CPP, net of repayments, is now $108,558,531,320. Treasury also entered into commitments with six mortgage servicers under the Home Affordable Modification Program for a total of $6,150,000, bringing the total cap on Treasury’s commitments under the program to $27,425,880,000.
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Treasury releases completed transactions report
- Alston & Bird LLP
- Christopher Steelman
- USA
- December 22 2009
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How Yee Loh
In-house Counsel
Kuok Group
