WASHINGTON (MNI) – The U.S. Treasury Tuesday went ahead with its
auction sales of the TARP-held assets of seven smaller banks, as it
announced it would do May 3. TARP still holds preferred stock in 343
smaller banks and to begin to wind down those positions Treasury will
conduct public auctions of its stock in seven banks:

–Ameris Bancorp, Moultrie, Ga.

–Farmers Capital Bank Corp, Frankfort, Ky.

–First Capital Bancopr Inc., Glenn Allen, Va.

–First Defiance Financial Corp., Defiance, Ohio

–LNB Bancorp Inc, Lorain, Ohio

–Taylor Capital Group, Inc., Rosemont, Ill.

–United Bankcorp Inc. Ann Arbor, Mich.

TARP’s bank programs have already earned $19 billion above the $245
billion initially invested.

** MNI Washington Bureau: 202-371-2121 **

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