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Treasury Provides TARP Funds to Local Banks

News release: “The U.S. Treasury Department announced today details of a $2.8 billion investment in 49 banks made on Friday, December 19 through its Capital Purchase Program. Treasury also closed $1.9 billion in transactions with 43 banks today. Full details of today’s transactions will be released in accordance with the Emergency Economic Stabilization Act on Monday, December 29, two business days after their closing.”

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