On October 31, the U.S. Department of the Treasury released additional documents for publicly traded financial institutions applying for the capital purchase program authorized pursuant to the Emergency Economic Stabilization Act. The documents include the following: (i) a securities purchase agreement describing the financial institution’s agreement to issue shares and fulfill other requirements in exchange for Treasury’s investment; (ii) a form of letter agreement, describing specific information necessary to implement the securities purchase agreement and representingthe institution’s commitment to the securities purchase agreement; (iii) certificate of designations, the document that creates the preferred shares; (iv) forms of warrant dependent upon whether stockholder approval is required; (v) a term sheet; and (vi) a Securities and Exchange Commission and Financial Accounting Standards Board letter on warrant accounting.

According to this release, after an institution is granted preliminary approval to participate in the capital purchase program, it must complete and submit the securities purchase agreement, the letter agreement, the certificate of designations and warrant.

The application deadline for all publicly traded eligible institutions remains November 14, at 5 p.m. An application form and term sheet for privately held eligible institutions will be posted at a later date.

http://www.treasury.gov/press/releases/archives/200810.html