The U.S. Treasury announced on Thursday it will give $1.5 billion to 39 local banks in the Capital Repurchase Program as part of its Troubled Asset Relief Program (TARP) The amounts given out included $400 million for First BanCorp of San Juan, Puerto Rico, $146 million for Dickinson Financial Corp II of Kansas City, MO and $108 million for S&T Bancorp of Indiana, PA. The total amount given out in the program so far is $193.8 billion.”]
Source: https://www.cuinfosecurity.com/treasury-adds-39-local-banks-to-bailout-list-a-1174