Although they are part of the federal Troubled Asset Relief Program, these banks are not in trouble.
Credit was tightening severely last fall, so Congress introduced the Capital Purchase Program within TARP to push more cash into “well-capitalized” banks with strong financial backing. The government becomes an investor in each bank, owning shares of stock and warrants to buy additional shares.
The banks pay 5 percent annual dividends to the U.S. Treasury, plus 9 percent on the value of the warrants. After five years the dividend rate will increase to 9 percent, but most banks will pay back the money before then.
Banks in the Capital Purchase Program, a part of the Troubled Asset Relief Program
| Nebraska | |||
| Date | Bank | City | Amount |
| Jan. 30 | Adams | Ogallala | $12,720,000 |
| Jan. 30 | Farmers & Merchants | Milford | $7,525,000 |
| Feb. 6 | Banner County | Harrisburg | $795,000 |
| Feb. 6 | Valley | Scottsbluff | $5,000,000 |
| Feb. 6 | Security First | Lincoln | $15,568,000 |
| Feb. 27 | First State | Gothenburg | $7,570,000 |
| March 27 | Pathway | Cairo | $3,727,000 |
| Nebraska total | $52,905,000 |
| Iowa | |||
| Date | Bank | City | Amount |
| Dec. 19 | Dubuque | Dubuque | $81,698,000 |
| Dec. 31 | West | West Des Moines | $36,000,000 |
| Jan. 9 | First Federal Savings | Fort Dodge | $10,200,000 |
| Feb. 6 | MidWestOne | Iowa City | $16,000,000 |
| Feb. 27 | The National | Bettendorf | $24,664,000 |
| Feb. 27 | Peoples | Clive | $2,400,000 |
| April 3 | Titonka Savings | Titonka | $2,117,000 |
| May 22 | Premier | Dubuque | $6,349,000 |
| May 29 | Two Rivers | Burlington | $12,000,000 |
| Iowa total | $191,428,000 |
Total TARP funds disbursed: $339 billion
Preferred dividends paid: $6.7 billion
Preferred stock repurchased: $70.1 billion
Stock warrants repurchased: $20.3 million
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