As of April 30, 2013, there were 154 institutions remaining in the TARP CPP program. Courtesy of the April 2013 Monthly Report to Congress, here are the current regional breakdowns of the remaining TARP CPP institutions.
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As previously discussed, many of the remaining TARP CPP recipients are currently deferring dividends. Of the 154 institutions remaining, over two thirds, or 102 institutions, are currently in deferral.
A quick review of the states with remaining investments looks very similar to the states with the most bank receivership in the current economic cycle. Specifically, California, Georgia and Illinois are each in the top four of both lists. This is consistent with the maxim that a community bank cannot significantly outperform the communities that they serve; California, Georgia and Illinois were each hit very hard by the economic downturn, and the effect can be seen in both the number of bank receiverships and the number of institutions that have not yet exited TARP.