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Washington
Inside Washington (09/07/2012)
  • WASHINGTON (9/10/12)--As part of its ongoing efforts to wind down and recover its remaining Capital Purchase Program (CPP) investments under the Troubled Asset Relief Program (TARP), the U.S. Department of the Treasury Thursday announced it will sell preferred stock CPP investments in four banks. Treasury will conduct auctions for its preferred stock positions in Alpine Banks of Colorado, Glenwood Springs, Colo.; First Community Financial Partners Inc., Joliet, Ill.; F&M Financial Corp. , Clarksville, Tenn.; F&M Financial Corp., Salisbury, N.C; and Yadkin Valley Financial Corp., Elkin, N.C. Treasury said it expects to begin the auctions today …
  • WASHINGTON (9/10/12)--The Federal Reserve has introduced a magazine and website (http://www.communitybankingconnections.com/subscribe.cfm) dedicated to community banking issues. The quarterly magazine, Community Banking Connections, was created by the Fed to improve communication between the Federal Reserve and community bankers," according to a message from Federal Reserve Chairman Ben Bernanke. "We also hope it will inform and clarify expectations and give a better sense of the Federal Reserve's perspectives on supervisory matters," Bernanke said. "It is critical to keep the communications channels open if supervisors and banks are to work together constructively." The website also features compliance and policy guidance and a comments section …


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