large cap banks - politico · unlike the capital purchase program, financial institutions will be...

Large Cap Banks July 6, 2010

KBW TARP Tracker - 66th Edition

Summary--Financial Reform legislation approved by the House of Representatives last weekincludes provisions to end the TARP program early, prior to its planned October 3, 2010end date. In addition, Congress appears set to address the need for a Financial CrisisRecovery fee on banks designed in part to offset the cost of the TARP program. As aresult, we are updating our TARP Tracker to review the cost and returns to the Treasuryto date from the TARP program. Specifically we review the TARP CPP program, theprimary program supporting banks.

Key Points--■ Overall, TARP CPP investments appear to provide positive returns to the

Treasury. To date, Treasury invested $205B in 707 banking institutions, receivedrepayments totaling $137B, earned income of $13B from 61 banks that fully repaidCPP (inclusive of warrant disposition), and posted losses of $2.3B. The Treasurycurrently has $65B remaining in outstanding CPP capital investments in 632 bankinginstitutions. There have been missed interest payments on less than $4B of this $65B inremaining CPP capital investments.

■ For the 61 banks that fully repaid CPP, Treasury's average Return on Investment(ROI) is 10.3%, with six investments yielding ROIs >=20%: First ULB Corp. (29%),Centra Financial Holdings (28%), FPBF (26%), AXP (23%), FMWC (21%) and GS(20%). SBIB's $125M CPP TARP investment has the lowest ROI of 2.9%.

■ Banks that fully repaid CPP outperformed the S&P 500 Financials Index sincedisposal of the warrants. On average, these banks gained 5.5% relative to the S&P500 Financials Index since disposal of the warrants through 7/2.

■ Since the 65th edition of the TARP Tracker, four repayments were made: BostonPrivate Financial Holdings (BPFH) - $104M, Lakeland Financial Corp. (LKFN) -$56M, First Southern Bancorp (FSOF) - $11M, and FPB Financial Corp. (FPBF)-$2M. Also, two banks auctioned their warrants: SIVB ($6.8M) and SBIB ($3.0M),and two repurchased their warrants: FSOF ($0.5M), and FPBF ($0.2M).

■ The Treasury Posted $2.3B Loss on CPP Investments in CIT and Pacific CoastNational Bancorp. On 12/10/09, under CIT's bankruptcy reorganization plan,Treasury's preferred stock and warrant CPP investment were replaced by contingentvalue rights (CVRs), which later expired without value on 2/8. As a result, theTreasury's $2.3B investment in CIT is a loss. Further, on 2/11, Pacific Coast NationalBancorp dismissed its bankruptcy proceedings with no recovery to the Treasury for the$4.1M in TARP it received.

■ Three TARP recipients (UCBH Holdings, Pacific Coast National Bancorp,Midwest Bank Holdings) are failed institutions.

■ Ninety-eight institutions (including AIG) failed to make the most recent TARPdividend payments due in May. For further details please refer to our 6/14 edition ofthe KBW TARP Dividend Payments Tracker - 5th Ed..

■ Please refer to the pdf version of this note for our complete analysis.

Industry Update

Melissa A. [email protected]

Please refer to important disclosures and analyst certification information on pages 20 - 22.

#

Companies

$

Billion

#

Companies

$

Billion

#

Companies

$

Billion

#

Companies

$

Billion

%

Committed

Systemically Significant Failing Institutions [AIG]

Unlike the Capital Purchase Program, Financial Institutions will be considered for participation on a case-by-case basis

& there is no deadline for participation.

70 1 69.8 0 0.0 - - 1 69.8 100%

Automotive Industry Financing Program (AIFP) [GMAC, General Motors, Chrysler Financial, Chrysler Holding Co.]

85 4 81.3 4 (14.3) - - 4 67.1 79%

Capital Purchase Program (CPP) 250 707 204.9 82 (137.4) 2 (2.3) 632 65.1 26%

Small Business & Community Lending Initiatives

[Term Asset-Backed Securities Lending Facility ($20B), Small Business Lending Program ($30B), Hardest Hit Funds

(HHF) Program ($1.5B) SBA 7a Securities Purchase Program ($1B), Community Development Capital Initiative ($1B)]

60 - 1.7 - - - - - 58.3 97%

Home Affordable Modification Program 50 111 23.8 - 16.1 - - 111 39.8 80%

Legacy Securities Public-Private Investment Program (S-PPIP) 30 - 30.4 - (0.4) - - - 30.0 100%

Automotive Supplier Support Program

[GM Supplier Receivables, Chrysler Supplier Receivables]

Treasury provided loans to ensure that auto suppliers receive compensation for their services and products. Closed in

April 2010 after full repayment of all loans provided under the program.

5 2 5.0 2 (5.0) - - 2 0.0 0%

Targeted Investment Program [C, BAC]

Treasury determines the form, terms, and conditions of any investment made pursuant to this program on a case-by-

case basis.

*BAC repaid its TIP investment on 12/9/09 & C repaid its TIP investment on 12/23/09

40 2 40.0 2 (40.0) - - 0 0.0 0%

Asset Guarantee Program [C]

On 12/23/09, C entered into a Termination Agreement with the Treasury. In connection with this early termination, the

Treasury agreed to cancel $1.8 billion of the $4.03 billion of C Trust Preferred Securities it received for the guarantee,

and the FDIC may transfer $800 million Trust Preferred Securities to the Treasury at the close of C's participation in the

Temporary Liquidity Guarantee Program (TLGP).

5 1 5.0 1 (5.0) - - - 0.0 0%

700.0 - 461.9 - (186.0) - (2.3) - 330.1 47%

KBW - $700B TARP TRACKER

Total

Committed /

Total

Guaranteed

Amount

($B)

TOTAL TARP Authorization:

Source: KBW Research, Company Filings

Remaining InvestmentRepayments /

Cap AdjustmentsInitial Investment Losses

Please refer to important disclosures and analyst certification information on pages 20 - 22. 2

July 6, 2010


Source: KBW Research, Company Filings, U.S. Treasury Department SORTED

Date of Priced

Transaction Ticker Company Name

TOTAL TARP

CPP Capital

Raised

($M)

May

2010

Feb.

2010

Nov.

2009

Repaid

?

Repayment

Date

Repayment

Amount

($M)

Remaining

TARP CPP

($M)

Warrants

Disposed?

Warrants

Disposal

Date?

Disposal

Type

Warrant

Disposal

Proceeds

($M)

10/28/08 C Citigroup Inc. 25,000 25,000

11/14/08; 12/31/08 STI SunTrust Banks, Inc. 4,850 4,850

11/14/08 RF Regions Financial Corp. 3,500 3,500

12/31/08 FITB Fifth Third Bancorp 3,408 3,408

11/14/08 KEY KeyCorp 2,500 2,500

11/14/08 MI Marshall & Ilsley Corporation 1,715 1,715

11/14/08 ZION Zions Bancorporation 1,400 1,400

11/14/08 HBAN Huntington Bancshares Inc. 1,398 1,398

12/19/08 SNV Synovus Financial Corp. 968 968

07/10/09 LNC Lincoln National Corporation 950 950

12/05/08 BPOP Popular, Inc. 935 935

11/14/08 FHN First Horizon National Corp. 867 867

12/23/08 MTB M&T Bank Corporation 600 600

11/21/08 ASBC Associated Banc-Corp 525 525

1/16/2009 FBP First Bancorp Of Puerto Rico 400 Y Y Y 400

12/23/08 FULT Fulton Financial Corp. 377 377

12/05/08 TSFG The South Financial Group, Inc. 347 Y Y 347

12/12/08 WL Wilmington Trust Corporation 330 330

12/05/08 EWBC East West Bancorp, Inc. 307 307

12/05/08 STSA Sterling Financial Corp. (Washington) 303 Y Y Y 303

12/19/08 WTNY Whitney Holding Corp. 300 300

12/12/08 CRBC Citizens Republic Bancorp, Inc. 300 Y Y 300

11/21/08 WBS Webster Financial Corp. 400 Y 03/03/10 100 300

11/14/08 UCBH Holdings, Inc.**** 299 Y 299

01/30/09 FBC Flagstar Bancorp Inc.*** 267 267

12/05/08 CATY Cathay General Bancorp 258 258

12/19/08 WTFC Wintrust Financial Corp. 250 250

01/30/09 PVTB PrivateBancorp, Inc. 244 244

12/23/08 IBOC International Bancshares Corp. 216 216

12/05/08 MBFI MB Financial, Inc. 196 196

12/05/08 FMBI First Midwest Bancorp, Inc. 193 193

11/21/08 PCBC Pacific Capital Bancorp 181 Y Y Y 181

12/05/08 UCBI United Community Banks, Inc. 180 180

11/14/08 Provident Bankshares Corp. 152 152

12/12/08 NPBC National Penn Bancshares Inc. 150 150

11/21/08 WAL Western Alliance Bancorporation 140 140

1/9/2009 CPF Central Pacific Financial Corp. 135 Y Y Y 135

11/21/08 BANR Banner Corporation 124 124

02/20/09 FRME First Merchants Corporation 116 116

01/23/09 SRCE 1st Source Corp. 111 111

01/30/09 ABCW Anchor Bancorp Wisconsin Inc. 110 Y Y Y 110

1/16/2009 STBA S&T Bancorp, Inc. 109 109

11/21/08 TAYC Taylor Capital Group Inc. 105 105

03/06/09 BUSE First Busey Corporation 100 100

12/23/08 PRK Park National Corporation 100 100

12/12/08 SUSQ Susquehanna Bancshares, Inc. 300 Y 04/21/10 200 100

12/12/08 PNFP Pinnacle Financial Partners Inc. 95 95

12/05/08 Midwest Banc Holdings Inc.**** 89 Y Y 89

02/27/09 IBNK Integra Bank Corp. 84 Y Y Y 84

12/05/08 SASR Sandy Spring Bancorp Inc. 83 83

12/19/08 HTLF Heartland Financial USA, Inc. 82 82

12/31/08 HMPR Hampton Roads Bankshares, Inc. 80 Y Y Y 80

11/21/08 COLB Columbia Banking System Inc. 77 77

12/12/08 TOWN Towne Bank 76 76

12/12/08 IBCP Independent Bank Corp. (Michigan) 74 Y Y Y 74

1/16/2009 OSBC Old Second Bancorp Inc. 73 73

03/13/09 FPFC First Place Financial Corp. 73 73

12/23/08 GRNB Green Bankshares Inc. 72 72

12/12/08 VCBI Virginia Commerce Bancorp 71 71

12/05/08 OKSB Southwest Bancorp, Inc. 70 70

12/05/08 SUPR Superior Bancorp 69 69

11/21/08 NARA Nara Bancorp, Inc. 67 67

1/9/2009 FBNC First Bancorp (North Carolina) 65 65

12/05/08 FFCH First Financial Holdings, Inc. 65 65

12/19/08 COBZ CoBiz Financial Inc. 64 64

12/12/08 WIBC Wilshire Bancorp Inc. 62 62

02/06/09 LBAI Lakeland Bancorp, Inc. 59 59

12/05/08 GSBC Great Southern Bancorp Inc. 58 58

1/16/2009 MSFG MainSource Financial Group 57 57

12/12/08 CLFC Center Financial Corp. 55 55

01/23/09 WSFS WSFS Financial Corporation 53 53

12/12/08 NBBC NewBridge Bancorp 52 52

11/21/08 ABCB Ameris Bancorp 52 52

02/13/09 FNBN FNB United Corp. 52 Y 52

1/16/2009 HOMB Home Bancshares, Inc. 50 50

12/19/08 SBCF Seacoast Banking Corporation of Florida 50 Y Y Y 50

12/19/08 BTFG BancTrust Financial Group Inc. 50 50

1/16/09; 7/24/09 YAVY Yadkin Valley Financial Corporation 49 49

12/19/08 LION Fidelity Southern Corp. 48 48

1/16/2009 MCBI MetroCorp Bancshares Inc. 45 Y 45

1/9/2009 CADE Cadence Financial Corp. 44 44

TARP REPAYMENTSTARP WARRANTS -

Repurchases/Auctions

KBW - CAPITAL PURCHASE PROGRAM TRACKER - PUBLICLY TRADED INSTITUTIONS

FAILED TO

MAKE TARP

DIVIDEND

PAYMENT


July 6, 2010



Date of Priced


TOTAL TARP

CPP Capital

Raised

($M)

May

2010

Feb.

2010

Nov.

2009

Repaid

?

Repayment

Date

Repayment

Amount

($M)

Remaining

TARP CPP

($M)

Warrants

Disposed?

Warrants

Disposal

Date?

Disposal

Type

Warrant

Disposal

Proceeds

($M)




FAILED TO

MAKE TARP

DIVIDEND

PAYMENT

12/05/08 SCMF Southern Community Financial Corp. NC 43 43

12/23/08 STL Sterling Bancorp 42 42

02/13/09 PRWT PremierWest Bancorp 41 Y Y Y 41

12/12/08 CBKN Capital Bank Corp. 41 41

11/21/08 HTBK Heritage Commerce Corp 40 Y Y Y 40

01/30/09 PEBO Peoples Bancorp Inc. (Ohio) 39 39

11/21/08 CASB Cascade Financial Corporation 39 Y Y Y 39

02/13/09 QCRH QCR Holdings Inc. 38 38

12/23/08 FISI Financial Institutions Inc. 38 38

12/05/08 TIBB TIB Financial Corp. 37 Y Y Y 37

12/05/08 FDEF First Defiance Financial Corp. 37 37

12/05/08 STBC State Bancorp Inc. 37 37

12/31/08 WTBA West Bancorpation 36 36

12/19/08 EFSC Enterprise Financial Services Corp. 35 35

11/21/08 PBIB Porter Bancorp, Inc. 35 35

02/13/09 BKYF Bank of Kentucky Financial Corporation 34 34

12/05/08 EBTX Encore Bancshares, Inc. 34 34

01/30/09 FBMI Firstbank Corp. 33 33

1/9/2009 FSGI First Security Group, Inc. 33 Y Y 33

1/9/2009 TRUE Centrue Financial Corp. 33 Y Y Y 33

1/16/2009 PULB Pulaski Financial Corp. 33 33

12/23/08 MFSF MutualFirst Financial, Inc. 32 32

12/23/08 PVSA Parkvale Financial Corporation 32 32

12/05/08 BNCN BNC Bancorp 31 31

02/20/09 RBPAA Royal Bancshares of Pennsylvania, Inc. 30 Y Y Y 30

12/19/08 HWBK Hawthorn Bancshares, Inc. 30 30

02/27/09 FMFC First M & F Corp. 30 30

01/30/09 FUNC First United Corp. 30 30

01/09/09 FFKT Farmers Capital Bank Corp. 30 30

12/19/08 TNCC Tennessee Commerce Bancorp Inc. 30 30

12/19/08 STEL StellarOne Corporation 30 30

1/9/2009 CBAN Colony Bankcorp Inc. 28 28

12/19/08 IMCB Intermountain Community Bancorp 27 Y Y 27

1/16/2009 CZNC Citizens & Northern Corp. 26 26

1/16/2009 WBCO Washington Banking Company 26 26

12/23/08 HMNF HMN Financial Inc. 26 26

12/12/08 LNBB LNB Bancorp Inc. 25 25

01/23/09 PNBC Princeton National Bancorp 25 25

12/23/08 PEBK Peoples Bancorp of North Carolina Inc. 25 25

1/9/2009 FNLC First Bancorp, Inc. 25 25

12/23/08 IBCA Intervest Bancshares Corp. 25 Y Y 25

12/19/08 VIST VIST Financial Corp. 25 25

12/19/08 HBNC Horizon Bancorp (Indiana) 25 25

12/19/08 FCAL First California Financial Group Inc. 25 25

1/9/2009 CRFN Crescent Financial Corp. 25 25

1/9/2009 EVBS Eastern Virginia Bankshares Inc. 24 24

11/21/08 HFWA Heritage Financial Corporation 24 24

12/23/08 BBNK Bridge Capital Holdings** 24 24

11/21/08 SVBI Severn Bancorp Inc. 23 23

12/05/08 EGBN Eagle Bancorp Inc. 38 Y 12/23/09 15 23

01/23/09 FCZA First Citizens Banc Corp. 23 23

10/02/09 PFBI Premier Financial Bancorp, Inc. 22 22

12/05/08 BVBC Blue Valley Ban Corp. 22 Y Y Y 22

1/9/2009 PGC Peapack-Gladstone Financial Corp. 29 Y 01/06/10 7 22

12/12/08 INCB Indiana Community Bancorp 22 22

05/15/09 MBWM Mercantile Bank Corporation 21 21

03/20/09 HEOP Heritage Oaks Bancorp, Inc. 21 Y 21

12/19/08 ASRV AmeriServ Financial Inc. 21 21

12/05/08 UNTY Unity Bancorp, Inc. 21 21

1/16/2009 UBMI United Bancorp Inc. 21 21

12/12/08 CSBC Citizens South Banking Corporation 21 21

1/9/2009 MSL MidSouth Bancorp Inc. 20 20

1/9/2009 FFKY First Financial Service Corporation 20 20

1/9/2009 CFFI C&F Financial Corp. 20 20

05/29/09 CBIN Community Bank Shares of Indiana, Inc. 19 19

11/21/08 FPTB First PacTrust Bancorp Inc. 19 19

12/12/08 HFBC HopFed Bancorp Inc. 18 18

12/19/08 SFDL Security Federal Corp. 18 18

1/16/2009 ECBE ECB Bancorp Inc. 18 18

12/19/08 BTC Community Bankers Trust Corporation 18 18

03/13/09 FNRN First Northern Community Bancorp 17 17

02/27/09 SFST Southern First Bancshares, Inc. 17 17

02/20/09 NSFC Northern States Financial Corp. 17 Y Y Y 17

01/30/09 GFED Guaranty Federal Bancshares Inc. 17 17

11/14/08 BOCH Bank of Commerce Holdings 17 17

12/23/08 TSBK Timberland Bancorp, Inc. 17 Y 17

03/06/09 FFBH First Federal Bancshares of Arkansas Inc. 17 Y Y 17

1/9/2009 CVLY Codorus Valley Bancorp Inc. 17 17

11/14/08 FFIS 1st Financial Services Corp. 16 16

01/30/09 PKBK Parke Bancorp. Inc. 16 16

12/12/08 VYFC Valley Financial Corporation 16 Y 16


July 6, 2010



Date of Priced


TOTAL TARP

CPP Capital

Raised

($M)

May

2010

Feb.

2010

Nov.

2009

Repaid

?

Repayment

Date

Repayment

Amount

($M)

Remaining

TARP CPP

($M)

Warrants

Disposed?

Warrants

Disposal

Date?

Disposal

Type

Warrant

Disposal

Proceeds

($M)




FAILED TO

MAKE TARP

DIVIDEND

PAYMENT

02/06/09 MOFG MidWestOne Financial Group Inc. 16 16

1/9/2009 CLBH Carolina Bank Holdings Inc. 16 16

12/19/08 CWBC Community West Bancshares 16 16

05/01/09 VBFC Village Bank & Trust Financial Corp. 15 15

12/19/08 TDBK Tidelands Bancshares, Inc. 14 14

12/05/08 OVLY Oak Valley Bancorp 14 14

04/17/09 BCAR Bank of the Carolinas (NC) 13 13

03/06/09 HCFB HCSB Financial Corporation 13 13

12/19/08 CFFC Community Financial Corporation 13 13

12/23/08 FCCY 1st Constitution Bancorp 12 12

01/30/09 PLBC Plumas Bancorp 12 Y 12

01/30/09 DNBF DNB Financial Corp. 12 12

12/23/08 CECB Cecil Bancorp Inc. 12 Y Y 12

01/30/09 CVBK Central Virginia Bankshares Inc. 11 Y Y 11

11/21/08 FCCO First Community Corporation. 11 11

12/23/08 CJBK Central Jersey Bancorp 11 11

04/24/09 MFNC Mackinac Financial Corp. 11 11

04/03/09 FCVA First Capital Bancorp Inc. 11 11

12/23/08 BCSB BCSB Bankcorp 11 11

12/23/08 FCFL First Community Bank Corp. of America 11 11

12/23/08 UBAB United Bancorporation of Alabama, Inc. 10 10

1/9/2009 FFFD North Central Bancshares, Inc. 10 10

01/30/09 SSFN Stewardship Financial Corp. 10 10

1/16/2009 NHTB New Hampshire Thrift Bancshares, Inc. 10 10

1/9/2009 CNBC Center Bancorp Inc. 10 10

12/19/08 MPB Mid Penn Bancorp Inc. 10 10

12/05/08 CEBK Central Bancorp, Inc. 10 10

12/05/08 CBCO Coastal Banking Company Inc. 10 10

12/05/08 SMBC Southern Missouri Bancorp 10 10

03/13/09 PCBS Provident Community Bancshares 9 9

02/13/09 CRRB Carrollton Bancorp 9 9

12/19/08 ESBK Elmira Savings Bank 9 9

01/30/09 CPBC Community Partners Bancorp 9 9

03/13/09 SAL Salisbury Bancorp, Inc. 9 9

12/19/08 CZFC Citizens First Corp. 9 9

12/19/08 SSBI Summit State Bank 9 9

01/30/09 ANNB Annapolis Bancorp, Inc. 8 8

01/30/09 BKOR Oak Ridge Financial Services, Inc. 8 8

12/23/08 EMCF Emclaire Financial Corp. 8 8

12/23/08 FSWA First Sound Bank 7 Y Y 7

12/05/08 CFBK Central Federal Corporation 7 7

01/30/09 CVCY Central Valley Community Bank 7 7

12/12/08 FSBI Fidelity Bancorp Inc. (Pennsylvania) 7 7

02/06/09 MCBF Monarch Community Bancorp Inc. 7 Y Y 7

09/11/09 PBHC Pathfinder Bancorp, Inc. 7 7

12/12/08 PIBW Pacific International Bancorp 7 Y Y Y 7

01/30/09 PBKH Peninsula Bank Holding Company, Inc. 6 Y Y 6

12/05/08 FPBI FPB Bancorp Inc. 6 Y Y 6

12/19/08 CTBC Connecticut Bank and Trust Company 5 5

02/06/09 FBMS First Bancshares Inc. 5 5

02/06/09 AKPB Alaska Pacific Bancshares Inc. 5 5

12/12/08 NBN Northeast Bancorp 4 4

02/06/09 CART Carolina Trust Bank, Inc. 4 4

12/19/08 SLBA Santa Lucia Bancorp 4 4

01/23/09 ABTO AB&T Financial Corporation 4 4

06/26/09 HIG Hartford Financial Services Group, Inc. 3,400 Y 03/31/10 3,400 0

03/13/09 DFS Discover Financial Services 1,225 Y 04/21/10 1,225 0

02/27/09 LKFN Lakeland Financial Corporation 56 Y 06/09/10 56 0

01/30/09 MBRG Middleburg Financial Corporation 22 Y 12/23/09 22 0

1/16/2009 TCBI Texas Capital Bancshares Inc. 75 Y 05/13/09 75 0 Y 03/11/10 Auction 6.7

1/16/2009 SOMH Somerset Hills Bancorp 7 Y 05/20/09 7 0 Y 06/24/09 Repurchase 0.3

1/16/2009 SCBT SCBT Financial Corp. 65 Y 05/20/09 65 0 Y 06/24/09 Repurchase 1.4

1/16/2009 BHB Bar Harbor Bankshares 19 Y 02/24/10 19 0

01/16/09 OCFC OceanFirst Financial Corp. 38 Y 12/30/09 38 0 Y 02/03/10 Repurchase 0.4

1/9/2009 SHBI Shore Bancshares Inc. 25 Y 04/15/09 25 0

1/9/2009 LCNB LCNB Corporation 13 Y 10/21/09 13 0

1/9/2009 INDB Independent Bank Corp. 78 Y 04/22/09 78 0 Y 05/27/09 Repurchase 2.2

1/9/2009 FNB F.N.B. Corporation 100 Y 09/09/09 100 0

1/9/2009 CNBF Commerce National Bank 5 Y 10/07/09 5 0

1/9/2009 AXP American Express Co. 3,389 Y 06/17/09 3,389 0 Y 07/29/09 Repurchase 340.0

01/09/09 FMER FirstMerit Corporation 125 Y 04/22/09 125 0 Y 05/27/09 Repurchase 5.0

12/31/08 PNC PNC Financial Services Group 7,579 Y 02/10/10 7,579 0 Y 04/29/10 Auction 324.2

12/31/08 CIT CIT Group, Inc.^ 2,330 Y 0

12/23/08 FFBC First Financial Bancorp 80 Y 02/24/10 80 0 Y 06/02/10 Auction 3.1

12/19/08 WAIN Wainwright Bank & Trust Co. 22 Y 11/24/09 22 0 Y 12/16/09 Repurchase 0.6

12/19/08 UBSH Union Bankshares Corporation 59 Y 11/18/09 59 0 Y 12/23/09 Repurchase 0.5

12/19/08 MNRK Monarch Financial Holdings Inc. 15 Y 12/23/09 15 0 Y 02/10/10 Repurchase 0.3

12/19/08 FFIC Flushing Financial Corp. 70 Y 10/28/08 70 0 Y 12/30/09 Repurchase 0.9

12/19/08 BHLB Berkshire Hills Bancorp, Inc. 40 Y 05/27/09 40 0 Y 06/24/09 Repurchase 1.0

12/19/08 BARI Bancorp Rhode Island Inc. 30 Y 08/05/09 30 0 Y 09/30/09 Repurchase 1.4

12/19/08 ALNC Alliance Financial Corp. 27 Y 05/13/09 27 0 Y 06/17/09 Repurchase 0.9


July 6, 2010



Date of Priced


TOTAL TARP

CPP Capital

Raised

($M)

May

2010

Feb.

2010

Nov.

2009

Repaid

?

Repayment

Date

Repayment

Amount

($M)

Remaining

TARP CPP

($M)

Warrants

Disposed?

Warrants

Disposal

Date?

Disposal

Type

Warrant

Disposal

Proceeds

($M)




FAILED TO

MAKE TARP

DIVIDEND

PAYMENT

12/12/08 TBBK The Bancorp, Inc. 45 Y 03/10/10 45 0

12/12/08 SIVB SVB Financial Group 235 Y 12/23/09 235 0 Y 06/16/10 Repurchase 6.8

12/12/08 SBNY Signature Bank 120 Y 03/31/09 120 0 Y 03/10/10 Auction 11.3

12/12/08 SBIB Sterling Bancshares Inc. 125 Y 05/05/09 125 0 Y 06/09/10 Auction 3.0

12/12/08 OZRK Bank of the Ozarks Inc. 75 Y 11/04/09 75 0 Y 11/24/09 Repurchase 2.7

12/12/08 ONB Old National Bancorp 100 Y 03/31/09 100 0 Y 05/08/09 Repurchase 1.2

12/12/08 LSBX LSB Corp. 15 Y 11/18/09 15 0 Y 12/16/09 Repurchase 0.6

12/12/08 FLFL First Litchfield Financial Corp. 10 Y 04/07/10 10 0 Y 04/07/10 Repurchase 1.5

12/05/08 WSBC WesBanco, Inc. 75 Y 09/09/09 75 0 Y 12/23/09 Repurchase 1.0

12/05/08 OLBK Old Line Bancshares, Inc. 7 Y 07/15/09 7 0 Y 09/02/09 Repurchase 0.2

12/05/08 MNHN Manhattan Bancorp 2 Y 09/16/09 2 0 Y 10/14/09 Repurchase 0.1

12/05/08 IBKC Iberiabank Corporation 90 Y 03/31/09 90 0 Y 05/20/09 Repurchase 1.2

12/05/08 BMRC Bank of Marin Bancorp 28 Y 03/31/09 28 0

11/21/08 TRMK Trustmark Corporation 215 Y 12/09/09 215 0 Y 12/30/09 Repurchase 10.0

11/21/08 HFFC HF Financial Corp. 25 Y 06/03/09 25 0 Y 06/30/09 Repurchase 0.7

11/21/08 FNFG First Niagara Financial Group 184 Y 05/27/09 184 0 Y 06/24/09 Repurchase 2.7

11/21/08 FCBC First Community Bancshares, Inc. 42 Y 07/08/09 42 0

11/21/08 CSFL CenterState Banks of Florida, Inc. 28 Y 09/30/09 28 0 Y 10/28/08 Repurchase 0.2

11/14/08 WFSL Washington Federal, Inc. 200 Y 05/27/09 200 0 Y 03/09/10 Auction 15.6

11/14/08 USB U.S. Bancorp 6,599 Y 06/17/09 6,599 0 Y 07/15/09 Repurchase 139.0

11/14/08 UMPQ Umpqua Holdings Corp. 214 Y 02/17/10 214 0 Y 03/31/10 Repurchase 4.5

11/14/08 TCB TCF Financial Corp. 361 Y 04/22/09 361 0 Y 12/15/09 Auction 9.6

11/14/08 NTRS Northern Trust Corp. 1,576 Y 06/17/09 1,576 0 Y 08/26/09 Repurchase 87.0

11/14/08 COF Capital One Financial Corp. 3,555 Y 06/17/09 3,555 0 Y 12/03/09 Auction 148.7

11/14/08 CMA Comerica Inc. 2,250 Y 03/17/10 2,250 0 Y 05/06/10 Repurchase 183.7

11/14/08 BBT BB&T Corp. 3,134 Y 06/17/09 3,134 0 Y 07/22/09 Repurchase 67.0

10/28/08 WFC Wells Fargo & Company 25,000 Y 12/23/09 25,000 0 Y 05/20/10 Auction 849.0

10/28/08 STT State Street Corp. 2,000 Y 06/17/09 2,000 0 Y 07/08/09 Repurchase 60.0

10/28/08 MS Morgan Stanley 10,000 Y 06/17/09 10,000 0 Y 08/12/09 Repurchase 950.0

10/28/08 JPM JPMorgan Chase & Co. 25,000 Y 06/17/09 25,000 0 Y 12/10/09 Auction 950.3

10/28/08 GS Goldman Sachs 10,000 Y 06/17/09 10,000 0 Y 07/22/09 Repurchase 1,100.0

10/28/08 BK Bank of New York Mellon Corp. 3,000 Y 06/17/09 3,000 0 Y 08/05/09 Repurchase 136.0

10/28/08 BAC Bank of America Corp. 25,000 Y 12/09/09 25,000 0 Y 03/03/10 Auction 310.6

01/13/10 50

06/16/10 10412/30/09 200

03/03/10 200

09/08/09 42

11/18/09 42

06/03/09 75

09/23/09 125

12/23/09 100

08/26/09 98

09/02/09 33130 Y 1.30 Y 10/28/08 Repurchase

Auction 5.6

12/05/08 CVBF CVB Financial Corp.

300 Y 0 Y 05/18/1011/14/08 VLY Valley National Bancorp

Y 084

18.5

02/13/09 WABC Westamerica Bancorp

Y 0 Y 04/07/10 Repurchase

Y

11/21/08 400

154

CYN City National Corp.

Notes:

^ CIT's bankruptcy reorganization plan became effective on 12/10/09, and Treasury's preferred stock and warrant investment were replaced by contingent value rights (CVRs). On 2/8/10, the CVRs expired without

value as the terms and conditions for distribution of common shares to holders of CVRs were not met.

** BBNK's TARP capital approval was contingent upon the closing of a $30m private placement preferred offering to Carpenter Fund Manager

***FBC entered an investment agreement with MP Thrift Investments LP for a $250M investment contingent upon the company receiving at least $250 in TARP Capital.

**** Indicates Failed Institution

011/21/08 BPFH Boston Private Financial Holdings, Inc.


July 6, 2010



Date of Priced

Transaction

Privately

Held

Qualified

Financial

Inst.?

Community

Development

Financial

Institution

(CDFI)

?

Subchapter S

Corporation

?

Addit'l Invst

Through

Expansion of

CPP for Small

Banks? Ticker Company Name State

TOTAL

TARP

CPP

Capital

Raised

($M)

May

2010

Feb.

2010

Nov.

2009

Repaid

?

Repayment

Date

Repayment

Amount

($M)

Remaining

TARP CPP

($M)

Warrants

Disposed?

Warrants

Disposal

Date?

Disposal

Type

Warrant

Disposal

Proceeds

($M)

12/31/08 Y First Banks, Inc. MO 295 Y Y Y 295

1/9/2009 Y New York Private Bank & Trust Corporation NY 267 267

01/16/09 Y Dickinson Financial Corporation II MO 146 Y Y Y 146

01/30/09 Y WTBFB W.T.B. Financial Corporation WA 110 110

12/19/08 Y Plains Capital Corporation TX 88 88

06/26/09 Y Metropolitan Bank Group, Inc. IL 72 72

03/27/09 Y Alpine Banks of Colorado CO 70 70

04/24/09 Y SDAB Standard Bancshares, Inc. IL 60 60

01/23/09 Y Liberty Bancshares, Inc. AR 58 58

09/11/09 Y Community Bancshares of Mississippi, Inc. MS 52 52

08/07/09 Y U.S. Century Bank FL 50 Y Y 50

07/17/09 Y Y First South Bancorp, Inc. TN 50 50

07/24/09 Y Y First American Bank Corporation IL 50 50

02/20/09 Y BancPlus Corporation MS 48 48

12/19/08 Y EXSR Exchange Bank CA 43 Y 43

02/13/09 Y RLBS Reliance Bancshares, Inc. MO 40 40

12/19/08 Y Bridgeview Bancorp, Inc. IL 38 Y 38

01/16/09 Y State Bankshares, Inc. ND 50 Y 08/12/09 13 38

12/19/08 Y Fidelity Financial Corporation KS 36 36

03/27/09 Y Trinity Capital Corporation NM 36 36

12/19/08 Y MNAT Marquette National Corporation IL 36 36

06/26/09 Y Y Fremont Bancorporation CA 35 35

02/06/09 Y First Market Bank, FSB VA 34 34

03/27/09 Y Spirit BankCorp, Inc. OK 30 30

12/19/08 Y Patriot Bancshares, Inc. TX 26 26

01/30/09 Y Rogers Bancshares, Inc. AR 25 Y Y Y 25

05/29/09 Y Citizens Bancshares Co. MO 25 Y Y 25

06/26/09 Y Y Stearns Financial Services, Inc. MN 25 25

02/27/09 Y NABA National Bancshares Inc. IA 25 25

03/27/09 Y CBS Banc-Corp. AL 24 24

1/9/2009 Y Community Trust Financial Corporation LA 24 24

03/06/09 Y Park Bancorporation, Inc. WI 23 23

02/27/09 Y TriState Capital Holdings Inc. PA 23 Y 23

02/27/09 Y Central Bancorp Inc. TX 23 23

02/20/09 Y Central Community Corporation TX 22 22

12/11/09 Y FCMP First Community Financial Partners, Inc. IL 22 22

02/13/09 Y Liberty Bancshares, Inc. MO 22 22

2/27/09; 12/22/09 Y Y TAXI Medallion Bank UT 21 21

03/13/09 Y BancIndependent, Inc. AL 21 21

06/26/09 Y FC Holdings, Inc. TX 21 Y Y Y 21

01/16/09 Y BAOB The Baraboo Bancorporation WI 21 21

08/28/09 Y FGYH First Guaranty Bancshares LA 21 21

07/24/09 Y Florida Bank Group, Inc. FL 20 20

05/22/09 Y Y Diamond Bancorp, Inc. MO 20 20

2/6/09; 12/11/09 Y Y First Western Financial, Inc. CO 20 20

05/22/09 Y Y Commonwealth Bancshares, Inc. KY 20 20

05/15/09 Y Y Market Street Bancshares, Inc. IL 20 20

01/16/09 Y BNCC BNCCORP, Inc. ND 20 Y Y 20

03/20/09 Y Community First Bancshares Inc. TN 20 20

08/07/09 Y The ANB Corporation TX 20 20

02/27/09 Y D. L. Evans Bancorp ID 20 20

05/29/09 Y Y Chambers Bancshares, Inc. AR 20 20

1/16/2009 Y Y CARV Carver Bancorp, Inc. NY 19 19

03/13/09 Y Sovereign Bancshares, Inc. TX 18 18

02/13/09 Y Peoples Bancorp WA 18 18

06/05/09 Y Y First Trust Corporation LA 18 Y 18

03/20/09 Y First NBC Bank Holding Company LA 18 18

KBW - CAPITAL PURCHASE PROGRAM TRACKER - PRIVATELY HELD QUALIFIED FINANCIAL INSTITUTIONS



FAILED TO MAKE

TARP DIVIDEND

PAYMENT


July 6, 2010



Date of Priced

Transaction

Privately

Held

Qualified

Financial

Inst.?

Community

Development

Financial

Institution

(CDFI)

?

Subchapter S

Corporation

?

Addit'l Invst

Through

Expansion of

CPP for Small


TOTAL

TARP

CPP

Capital

Raised

($M)

May

2010

Feb.

2010

Nov.

2009

Repaid

?

Repayment

Date

Repayment

Amount

($M)

Remaining

TARP CPP

($M)

Warrants

Disposed?

Warrants

Disposal

Date?

Disposal

Type

Warrant

Disposal

Proceeds

($M)




FAILED TO MAKE

TARP DIVIDEND

PAYMENT

02/27/09 Y Community First Inc. TN 18 18

06/26/09 Y Security Capital Corporation MS 17 17

06/05/09 Y Y OneFinancial Corporation AR 17 17

02/20/09 Y Liberty Shares Inc. GA 17 17

02/13/09 Y F&M Financial Corporation TN 17 17

02/06/09 Y F & M Financial Corporation NC 17 17

03/13/09 Y Y First American International Corp. NY 17 17

02/20/09 Y White River Bancshares Co. AR 17 17

12/19/08 Y PFCF Pacific City Financial Corporation CA 16 Y Y Y 16

08/28/09 Y CoastalSouth Bancshares, Inc. SC 16 16

02/06/09 Y Stockmens Financial Corporation SD 16 16

12/19/08 Y TCFC Tri-County Financial Corporation MD 16 16

01/23/09 Y BankFirst Capital Corporation MS 16 16

03/06/09 Y FSRL First Reliance Bancshares, Inc. SC 15 15

1/9/09; 12/11/09 Y Y GRRB GrandSouth Bancorporation SC 15 15

11/14/08; 12/4/09 Y Y Y BYFC Broadway Financial Corp. CA 15 15

02/13/09 Y State Capital Corporation MS 15 15

04/24/09 Y Business Bancshares, Inc. MO 15 15

05/15/09 Y FGFH Foresight Financial Group, Inc. IL 15 15

05/22/09 Y The Landrum Company MO 15 15

06/12/09 Y Y River Valley Bancorporation, Inc. WI 15 15

06/19/09 Y Y Suburban Illinois Bancorp, Inc. IL 15 15

12/23/08 Y Nicolet Bankshares, Inc. WI 15 15

05/15/09 Y First Community Bancshares, Inc KS 15 Y 15

05/22/09 Y Y United Bank Corporation GA 14 14

09/25/09 Y Y Y Guaranty Capital Corporation MS 14 14

03/13/09 Y FXNC First National Corporation VA 14 14

07/10/09 Y Bancorp Financial, Inc. IL 14 14

05/08/09 Y Y Sword Financial Corporation WI 14 14

03/06/09 Y First Texas BHC, Inc. TX 14 14

1/30/09; 10/30/09 Y Y WAFB WashingtonFirst Bank VA 13 13

01/16/09 Y Morrill Bancshares, Inc. KS 13 13

07/17/09 Y SCSG Southcrest Financial Group, Inc. GA 13 13

04/03/09 Y Community First Bancshares, Inc. AR 13 13

01/30/09 Y Adbanc, Inc. NE 13 13

10/23/09 Y Regents Bancshares, Inc. WA 13 13

04/24/09 Y PBCE Peoples Bancorporation, Inc. SC 13 13

01/30/09 Y Bankers' Bank of the West Bancorp, Inc. CO 13 Y 13

2/13/09; 12/11/09 Y Y Meridian Bank PA 13 13

02/20/09 Y Security State Bank Holding Company MO 13 Y Y 13

03/06/09 Y PeoplesSouth Bancshares, Inc. GA 12 12

12/19/08 Y OneUnited Bank MA 12 Y Y Y 12

1/9/2009 Y The Queensborough Company GA 12 12

02/27/09 Y FNBG FNB Bancorp CA 12 12

03/06/09 Y Blue Ridge Bancshares, Inc. MO 12 12

05/29/09 Y TRVR Two Rivers Financial Group IA 12 12

06/19/09 Y Y Duke Financial Group, Inc. MN 12 Y Y 12

06/19/09 Y Y Farmers Enterprises, Inc. KS 12 12

06/26/09 Y Y Alliance Financial Services Inc. MN 12 Y Y 12

12/11/09 Y Wachusett Financial Services, Inc. MA 12 12

06/19/09 Y Y Y University Financial Corp, Inc. MN 12 12

06/26/09 Y Y MFBP M&F Bancorp, Inc. NC 12 12

01/16/09 Y TCB Holding Company, Texas Community Bank TX 12 Y 12

12/23/08 Y PCBB Pacific Coast Bankers' Bancshares CA 12 12

12/23/08; 12/29/09 Y Y Western Illinois Bancshares, Inc. IL 11 11

09/25/09 Y Y Steele Street Bank Corporation CO 11 11

01/16/09 Y Y Southern Bancorp AR 11 11


July 6, 2010



Date of Priced

Transaction

Privately

Held

Qualified

Financial

Inst.?

Community

Development

Financial

Institution

(CDFI)

?

Subchapter S

Corporation

?

Addit'l Invst

Through

Expansion of

CPP for Small


TOTAL

TARP

CPP

Capital

Raised

($M)

May

2010

Feb.

2010

Nov.

2009

Repaid

?

Repayment

Date

Repayment

Amount

($M)

Remaining

TARP CPP

($M)

Warrants

Disposed?

Warrants

Disposal

Date?

Disposal

Type

Warrant

Disposal

Proceeds

($M)




FAILED TO MAKE

TARP DIVIDEND

PAYMENT

03/06/09 Y Farmers & Merchants Bancshares, Inc. TX 11 11

07/17/09 Y BHDB Brotherhood Bancshares, Inc. KS 11 11

01/23/09 Y Stonebridge Financial Corp. PA 11 Y 11

02/27/09 Y Ridgestone Financial Services WI 11 Y Y Y 11

11/20/09 Y PDOB Presidio Bank CA 11 Y Y 11

05/01/09 Y Y Security State Bancshares Inc. ND 11 11

01/23/09 Y Crosstown Holding Company MN 11 11

02/13/09 Y NBCT Northwest Bancorporation, Inc. WA 11 Y 11

01/30/09 Y KTHN Katahdin Bankshares Corp. ME 10 10

12/23/08 Y CZNB Citizens Bancorp CA 10 Y Y Y 10

2/13/09; 12/11/09 Y Y FENB First Enterprise Bank CA 10 10

12/23/08 Y Magna Bank TN 14 Y 11/24/09 3 10

5/22/09; 12/29/09 Y Y ISTB Illinois State Bancorp, Inc. IL 10 10

09/25/09 Y HBKS Heritage Bankshares, Inc. VA 10 10

12/19/08 Y NCAL Bancorp California CA 10 10

12/23/08 Y UWHR Uwharrie Capital Corp NC 10 10

01/16/09 Y FBTT First Bankers Trustshares, Inc. IL 10 10

01/30/09 Y NWYF Northway Financial, Inc. NH 10 10

02/13/09 Y ColoEast Bankshares Inc. CO 10 10

02/20/09 Y MWFS Mid-Wisconsin Financial Services, Inc. WI 10 10

03/06/09 Y BOH Holdings, Inc. TX 10 10

03/13/09 Y BHWB Blackhawk Bancorp, Inc. WI 10 10

06/19/09 Y Y Century Financial Services Corporation NM 10 10

09/18/09 Y HMTW HomeTown Bankshares Corporation VA 10 10

01/30/09 Y GRBS Greer Bancshares Incorporated SC 10 10

03/06/09 Y RGTB Regent Bancorp, Inc. FL 10 10

04/17/09 Y Penn Liberty Financial Corp. PA 10 10

05/22/09 Y Universal Bancorp IN 10 10

08/28/09 Y Y Y TCB Corporation SC 10 10

03/13/09 Y Moneytree Corporation TN 10 10

03/20/09 Y Premier Bank Holding Company FL 10 Y 10

02/20/09 Y Florida Business BancGroup FL 9 9

04/10/09 Y Y City National Bancshares Corporation NJ 9 Y Y 9

12/23/08;12/18/09 Y Y Cache Valley Banking Company UT 9 9

12/19/08 Y FCBE FCB Bancorp, Inc. KY 9 9

02/27/09 Y PSB Financial Corporation LA 9 9

2/20/09; 12/18/09 Y Y First Priority Financial Corp. PA 9 9

5/1/09; 11/13/09 Y Y HPK Financial Corporation IL 9 9

12/04/09 Y Delmar Bancorp MD 9 9

01/30/09 Y UBT Bancshares, Inc. KS 9 9

06/19/09 Y RCB Financial Corporation GA 9 9

01/23/09 Y Farmers Bank VA 9 9

01/30/09 Y Equity Bancshares, Inc. KS 9 9

02/06/09 Y Georgia Commerce Bancshares, Inc. GA 9 9

02/20/09 Y UABK United American Bank CA 9 Y Y Y 9

12/22/09 Y First Freedom Bancshares, Inc. TN 9 9

02/20/09 Y SBNK Sonoma Valley Bancorp CA 9 Y Y 9

04/03/09 Y BancStar, Inc. MO 9 9

07/17/09 Y Y Great River Holding Company MN 8 8

2/27/09; 12/29/09 Y Y Private Bancorporation Inc. MN 8 8

1/30/09; 11/06/09 Y Y F & M Bancshares, Inc. TN 8 8

01/16/09 Y Y SGBP Syringa Bancorp ID 8 Y Y Y 8

03/27/09 Y MS Financial, Inc. TX 8 8

01/23/09 Y CWBB Commonwealth Business Bank CA 8 Y Y Y 8

01/30/09 Y VCBP Valley Commerce Bancorp CA 8 8

01/30/09 Y Metro City Bank GA 8 8

02/27/09 Y First Gothenburg Bkshrs Inc. NE 8 8


July 6, 2010



Date of Priced

Transaction

Privately

Held

Qualified

Financial

Inst.?

Community

Development

Financial

Institution

(CDFI)

?

Subchapter S

Corporation

?

Addit'l Invst

Through

Expansion of

CPP for Small


TOTAL

TARP

CPP

Capital

Raised

($M)

May

2010

Feb.

2010

Nov.

2009

Repaid

?

Repayment

Date

Repayment

Amount

($M)

Remaining

TARP CPP

($M)

Warrants

Disposed?

Warrants

Disposal

Date?

Disposal

Type

Warrant

Disposal

Proceeds

($M)




FAILED TO MAKE

TARP DIVIDEND

PAYMENT

01/30/09 Y Country Bank Shares, Inc. NE 8 8

12/23/08 Y LTLB The Little Bank, Incorporated NC 8 8

02/06/09 Y CXBT Centrix Bank & Trust NH 8 8

04/17/09 Y BNB Financial Services Corporation NY 8 8

06/26/09 Y Gulfstream Bancshares, Inc. FL 8 8

09/11/09 Y Y First Eagle Bancshares, Inc. IL 8 8

09/25/09 Y Y GulfSouth Private Bank FL 8 8

03/06/09 Y Y CZBS Citizens Bancshares Corporation GA 7 7

02/27/09 Y Avenue Financial Holdings Inc. TN 7 7

02/20/09 Y FIRT First BancTrust Corp. IL 7 7

12/23/08 Y Western Community Bancshares, Inc. CA 7 7

12/19/08 Y FFWC FFW Corporation IN 7 7

04/03/09 Y Millennium Bancorp, Inc. CO 7 Y 7

4/3/09; 12/22/09 Y Y TriSummit Bank TN 7 7

02/20/09 Y HMBH Hamilton State Bancshares GA 7 7

07/31/09 Y Chicago Shore Corporation IL 7 7

09/11/09 Y HRTB Heartland Bancshares, Inc. IN 7 Y Y 7

05/15/09 Y CFIS Community Financial Shares, Inc. IL 7 7

02/20/09 Y GUAA Guaranty Bancorp Inc. NH 7 7

01/16/09 Y IDBC Idaho Bancorp ID 7 Y Y Y 7

06/26/09 Y NC Bancorp, Inc. IL 7 7

1/9/2009 Y SCAF Security California Bancorp CA 7 7

01/23/09 Y Pierce County Bancorp WA 7 Y Y Y 7

07/17/09 Y Y HRBK Harbor Bankshares Corporation MD 7 Y 7

05/08/09 Y Y Y Premier Bancorp, Inc. IL 7 7

03/06/09 Y Highlands Independent Bancshares, Inc. FL 7 7

11/13/09 Y FDLB Fidelity Federal Bancorp IN 7 Y Y 7

01/23/09 Y Alarion Financial Services, Inc. FL 7 7

12/04/09 Y Liberty Bancshares, Inc. TX 7 7

2/27/09; 12/22/09 Y Y Catskill Hudson Bancorp, Inc NY 7 7

06/19/09 Y Y Biscayne Bancshares, Inc. FL 6 6

03/13/09 Y FIEB First Intercontinental Bank GA 6 6

05/22/09 Y Y Premier Financial Corp IA 6 6

02/06/09 Y CCVS Citizens Commerce Bancshares, Inc. KY 6 Y Y Y 6

10/23/09 Y Y Cardinal Bancorp II, Inc. MO 6 6

10/30/09 Y RDBN Randolph Bank & Trust Company NC 6 6

01/23/09 Y Moscow Bancshares, Inc. TN 6 6

5/1/09; 12/18/09 Y Y Union Bank & Trust Company NC 6 6

05/01/09 Y Y OSB Financial Services, Inc. TX 6 Y Y 6

12/18/09 Y Centric Financial Corporation PA 6 6

12/19/08 Y PATD Patapsco Bancorp, Inc. MD 6 Y 6

1/9/2009 Y American State Bancshares, Inc. KS 6 6

01/30/09 Y BBBC Beach Business Bank CA 6 Y Y 6

03/06/09 Y ICBN ICB Financial CA 6 6

03/13/09 Y Y IBWC IBW Financial Corporation DC 6 6

05/08/09 Y Gateway Bancshares, Inc. GA 6 6

06/12/09 Y First Vernon Bancshares, Inc. AL 6 6

11/20/09 Y McLeod Bancshares, Inc. MN 6 6

1/9/2009 Y RSAM Rising Sun Bancorp MD 6 Y Y Y 6

02/27/09 Y HBMD Howard Bancorp, Inc. MD 6 6

09/18/09 Y IA Bancorp, Inc. NJ 6 6

12/23/08 Y Leader Bancorp, Inc. MA 6 6

1/9/2009 Y SBBC Security Business Bancorp CA 6 6

01/30/09 Y CBSI Central Bancshares, Inc. TX 6 6

01/23/09 YThree Shores Bancorporation, Inc.

(Seaside National Bank & Trust)FL 6 6

01/16/09 Y UFBC United Financial Banking Companies, Inc. VA 6 6


July 6, 2010



Date of Priced

Transaction

Privately

Held

Qualified

Financial

Inst.?

Community

Development

Financial

Institution

(CDFI)

?

Subchapter S

Corporation

?

Addit'l Invst

Through

Expansion of

CPP for Small


TOTAL

TARP

CPP

Capital

Raised

($M)

May

2010

Feb.

2010

Nov.

2009

Repaid

?

Repayment

Date

Repayment

Amount

($M)

Remaining

TARP CPP

($M)

Warrants

Disposed?

Warrants

Disposal

Date?

Disposal

Type

Warrant

Disposal

Proceeds

($M)




FAILED TO MAKE

TARP DIVIDEND

PAYMENT

02/06/09 Y Y Liberty Financial Services, Inc. LA 6 6

06/26/09 Y Waukesha Bankshares, Inc. WI 6 6

05/15/09 Y Y Boscobel Bancorp, Inc WI 6 6

12/23/08 Y Y MVLY Mission Valley Bancorp CA 6 6

1/9/2009 Y VCBC Valley Community Bank CA 6 6

03/06/09 Y First Southwest Bancorporation, Inc. CO 6 Y Y 6

05/08/09 Y One Georgia Bank GA 6 Y Y Y 6

01/30/09 Y Y Legacy Bancorp, Inc. WI 5 5

02/20/09 Y PBCA Private Bank of California CA 5 5

5/8/09; 12/22/09 Y Y HSBK Highlands State Bank NJ 5 5

02/27/09 Y Midtown Bank & Trust Company GA 5 Y 5

1/9/2009 Y Y MISS Mission Community Bancorp CA 5 5

04/10/09 Y Capital Commerce Bancorp, Inc. WI 5 5

05/22/09 Y Franklin Bancorp, Inc. MO 5 5

2/13/09; 12/22/09 Y Y First Choice Bank CA 5 5

1/30/09; 12/11/09 Y Y FRSB First Resource Bank PA 5 5

01/23/09 Y Southern Illinois Bancorp, Inc. IL 5 5

02/06/09 Y First Express of Nebraska, Inc. NE 5 5

02/13/09 Y Financial Security Corporation WY 5 5

03/06/09 Y BRBI Blue River Bancshares, Inc. IN 5 5

05/22/09 Y Blackridge Financial, Inc. ND 5 5

06/05/09 Y Covenant Financial Corporation MS 5 5

08/21/09 Y Y AmFirst Financial Services, Inc. NE 5 5

03/06/09 Y Germantown Capital Corporation, Inc. TN 5 5

04/24/09 Y York Traditions Bank PA 5 5

05/15/09 Y Southern Heritage Bancshares, Inc. TN 5 5

02/13/09 Y FMBJ First Menasha Bancshares, Inc. WI 5 5

02/27/09 Y BNFI BNC Financial Group Inc. CT 5 5

01/30/09 Y Monument Bank MD 5 5

12/23/08 Y Capital Bancorp, Inc. MD 5 5

05/15/09 Y WRBO Western Reserve Bancorp, Inc OH 5 5

06/12/09 Y VGNA Virginia Company Bank VA 5 5

01/23/09 Y CALW CalWest Bancorp CA 5 5

01/16/09 Y PUGB Puget Sound Bank WA 5 5

03/20/09 Y FCNH First Colebrook Bancorp, Inc. NH 5 5

05/01/09 Y Georgia Primary Bank GA 5 Y Y Y 5

12/29/09 Y MNPA Mainline Bancorp, Inc. PA 5 5

2/20/09; 12/29/09 Y Y Lafayette Bancorp Inc. MS 4 4

11/13/09 Y Y Community Pride Bank Corporation MN 4 4

2/20/09; 12/29/09 Y Y CBB Bancorp GA 4 4

03/06/09 Y Pinnacle Bank Holding Company, Inc. FL 4 4

4/10/09; 11/20/09 Y Y Metropolitan Capital Bancorp, Inc. IL 4 4

4/10/09; 12/11/09 Y FBBN First Business Bank, N.A. CA 4 4

05/15/09 Y Y Y IBC Bancorp, Inc. IL 4 4

05/29/09 Y CB Holding Corp. IL 4 4

12/23/08 Y PFCI Pacific Commerce Bank CA 4 4

02/06/09 Y The Bank of Currituck NC 4 Y Y 4

12/23/08 Y CPBO Capital Pacific Bancorp OR 4 4

02/06/09 Y Todd Bancshares, Inc. KY 4 4

02/20/09 Y PSBK Premier Service Bank CA 4 Y Y 4

02/27/09 Y CABC California Bank of Commerce CA 4 4

03/27/09 Y SBTB SBT Bancorp, Inc. CT 4 4

03/27/09 Y Naples Bancorp, Inc. FL 4 4

04/10/09 Y SV Financial, Inc. IL 4 4

04/24/09 Y Grand Capital Corporation OK 4 4

05/08/09 Y Y Investors Financial Corporation of Pettis County, Inc. MO 4 Y Y 4

06/12/09 Y EFSG Enterprise Financial Services Group, Inc. PA 4 4


July 6, 2010



Date of Priced

Transaction

Privately

Held

Qualified

Financial

Inst.?

Community

Development

Financial

Institution

(CDFI)

?

Subchapter S

Corporation

?

Addit'l Invst

Through

Expansion of

CPP for Small


TOTAL

TARP

CPP

Capital

Raised

($M)

May

2010

Feb.

2010

Nov.

2009

Repaid

?

Repayment

Date

Repayment

Amount

($M)

Remaining

TARP CPP

($M)

Warrants

Disposed?

Warrants

Disposal

Date?

Disposal

Type

Warrant

Disposal

Proceeds

($M)




FAILED TO MAKE

TARP DIVIDEND

PAYMENT

08/21/09 Y KSBI KS Bancorp, Inc. NC 4 4

10/02/09 Y Y Providence Bank NC 4 4

02/27/09 Y CBBC Community Business Bank CA 4 4

05/29/09 Y Y Fidelity Bancorp, Inc LA 4 4

03/20/09 Y Peoples Bancshares of TN, Inc TN 4 4

07/24/09 Y Community Bancshares, Inc. AZ 4 4

01/16/09 Y RWCB Redwood Capital Bancorp CA 4 4

04/17/09 Y Tifton Banking Company GA 4 4

02/06/09 Y PCCB Pascack Community Bank NJ 4 4

06/12/09 Y Y First Financial Bancshares Inc KS 4 4

07/31/09 Y Y Financial Services of Winger, Inc. MN 4 4

03/27/09 Y Pathway Bancorp NE 4 Y Y Y 4

03/27/09 Y Triad Bancorp, Inc. MO 4 4

04/17/09 Y Patterson Bancshares, Inc LA 4 Y Y Y 4

01/30/09 Y AMFC AMB Financial Corporation IN 4 4

04/24/09 Y AFBA Allied First Bancorp Inc IL 4 4

02/06/09 Y CedarStone Bank TN 4 4

06/19/09 Y Merchants and Manufacturers Bank Corporation IL 4 4

02/06/09 Y MECN Mercantile Capital Corp. MA 4 4

06/26/09 Y First Alliance Bancshares, Inc. TN 3 3

4/24/09; 12/18/09 Y BBBI Birmingham Bloomfield Bancshares, Inc MI 3 3

03/13/09 Y Madison Financial Corporation KY 3 Y 3

02/06/09 Y First Bank of Charleston, Inc. WV 3 3

01/23/09 Y COSB California Oaks State Bank CA 3 3

09/25/09 Y MYVK Mountain Valley Bancshares, Inc. GA 3 3

1/9/2009 Y CNRB Congaree Bancshares, Inc. SC 3 Y Y 3

01/16/09 Y TOAK Treaty Oak Bancorp, Inc. TX 3 Y 3

02/20/09 Y Hometown Bancorp of Alabama AL 3 3

08/28/09 Y Y First Independence Corporation MI 3 3

04/24/09 Y ORBN Oregon Bancorp, Inc. OR 3 3

02/20/09 Y CRZY Crazy Woman Creek Bancorp WY 3 3

04/03/09 Y Fortune Financial Corporation MO 3 3

05/29/09 Y Grand Mountain Bancshares, Inc. CO 3 Y Y Y 3

02/06/09 Y Lone Star Bank TX 3 Y Y Y 3

1/9/2009 Y SNBN Sound Banking Company NC 3 3

12/29/09 Y Y FBHC Holding Company CO 3 3

12/23/08 Y CZYB Citizens Community Bank VA 3 3

12/23/08 Y TVFH Tennessee Valley Financial Holdings, Inc. TN 3 Y Y 3

01/16/09 Y BONC Bank of Commerce NC 3 3

02/06/09 Y Y PGB Holdings, Inc. IL 3 3

03/06/09 Y Marine Bank & Trust Company FL 3 3

03/13/09 Y St. Johns Bancshares, Inc. MO 3 3

03/27/09 Y Clover Community Bankshares, Inc. SC 3 3

05/08/09 Y Y Freeport Bancshares, Inc. IL 3 3

06/26/09 Y Fidelity Resources Company TX 3 3

12/18/09 Y LPFG Layton Park Financial Group WI 3 3

1/9/2009 Y REDW Redwood Financial Inc. MN 3 3

05/22/09 Y Y F & C Bancorp, Inc. MO 3 3

06/26/09 Y AND Alliance Bancshares, Inc. GA 3 3

02/13/09 Y SCVE Santa Clara Valley Bank, N.A. CA 3 Y 3

06/12/09 Y Berkshire Bancorp, Inc. PA 3 3

02/06/09 Y USMT US Metro Bank CA 3 3

04/17/09 Y Omega Capital Corp. CO 3 Y Y Y 3

04/03/09 Y Prairie Star Bancshares, Inc. KS 3 Y 3

04/03/09 Y Y Tri-State Bank of Memphis TN 3 3

06/12/09 Y SZBI SouthFirst Bancshares, Inc. AL 3 3

05/15/09 Y Worthington Financial Holdings, Inc. AL 3 3


July 6, 2010



Date of Priced

Transaction

Privately

Held

Qualified

Financial

Inst.?

Community

Development

Financial

Institution

(CDFI)

?

Subchapter S

Corporation

?

Addit'l Invst

Through

Expansion of

CPP for Small


TOTAL

TARP

CPP

Capital

Raised

($M)

May

2010

Feb.

2010

Nov.

2009

Repaid

?

Repayment

Date

Repayment

Amount

($M)

Remaining

TARP CPP

($M)

Warrants

Disposed?

Warrants

Disposal

Date?

Disposal

Type

Warrant

Disposal

Proceeds

($M)




FAILED TO MAKE

TARP DIVIDEND

PAYMENT

2/13/09; 12/31/09 Y Y DeSoto County Bank MS 3 3

03/13/09 Y Bank of George NV 3 3

02/27/09 Y Regent Capital Corp. OK 3 3

05/15/09 Y Y Deerfield Financial Corporation WI 3 3

06/19/09 Y Y Manhattan Bancshares, Inc. IL 3 3

12/23/08 Y CIBN Community Investors Bancorp, Inc. OH 3 3

5/15/09; 12/18/09 Y Y Northern State Bank NJ 3 3

01/30/09 Y Goldwater Bank, N.A. AZ 3 Y 3

01/16/09 Y CFBN Community 1st Bank CA 3 Y Y 3

07/17/09 Y Y Plato Holdings Inc. MN 3 3

03/06/09 Y AmeriBank Holding Company OK 2 2

09/25/09 Y Y Grand Financial Corporation MS 2 2

02/27/09 Y Green Circle Invstmnts IA 2 2

03/20/09 Y Citizens Bank & Trust Company LA 2 Y Y Y 2

03/27/09 Y CSRA Bank Corp. GA 2 2

05/15/09 Y Y Brogan Bankshares, Inc. WI 2 2

06/19/09 Y Y NEMO Bancshares Inc. MO 2 2

03/27/09 Y IBT Bancorp, Inc. TX 2 2

02/27/09 Y Columbine Capital Corp. CO 2 2

05/01/09 Y CenterBank OH 2 2

12/29/09 Y Union Financial Corporation NM 2 2

02/13/09 Y Security Bancshares of Pulaski County, Inc. MO 2 2

04/03/09 Y Titonka Bancshares, Inc IA 2 2

01/30/09 Y OJCB Ojai Community Bank CA 2 2

02/20/09 Y Market Bancorporation Inc. MN 2 2

2/27/09; 12/11/09 Y Y The Victory Bancorp, Inc. PA 2 2

12/23/08 Y TCNB Financial Corp. OH 2 2

1/9/2009 Y SRYB Surrey Bancorp NC 2 2

12/11/09 Y Y Nationwide Bankshares, Inc. NE 2 2

12/29/09 Y ATBA Atlantic Bancshares, Inc. SC 2 2

02/13/09 Y NRTW Northwest Commercial Bank WA 2 2

01/23/09 Y FSNF Fresno First Bank CA 2 2

02/13/09 Y Hometown Bancshares, Inc. KY 2 2

03/06/09 Y Merchants and Planters Bancshares, Inc. TN 2 2

12/19/08 Y MNKB Monadnock Bancorp, Inc. NH 2 2

12/23/08 Y SCCB Seacoast Commerce Bank CA 2 2

05/29/09 Y American Premier Bancorp CA 2 2

01/16/09 Y Y CBYAA Community Bank of the Bay CA 2 Y Y 2

04/03/09 Y BCB Holding Company, Inc. AL 2 2

03/27/09 Y Maryland Financial Bank MD 2 Y Y Y 2

06/26/09 Y Y Signature Bancshares, Inc. TX 2 2

09/04/09 Y Y The State Bank of Bartley NE 2 2

06/26/09 Y GCYO Gold Canyon Bank AZ 2 Y 2

02/06/09 Y Hyperion Bank PA 2 2

12/23/08 Y SAGN Saigon National Bank CA 2 Y Y Y 2

02/13/09 Y Regional Bankshares, Inc. SC 2 2

04/24/09 Y Vision Bank - Texas TX 2 2

09/11/09 Y PFSB Bancorporation, Inc. WI 2 2

04/24/09 Y Y Frontier Bancshares, Inc. TX 3 Y 11/24/09 2 1

04/24/09 Y Indiana Bank Corp. IN 1 1

05/22/09 Y Fort Lee Federal Savings Bank NJ 1 1

12/18/09 Y Valley Financial Group, Ltd., 1st State Bank MI 1 1

05/22/09 Y First Advantage Bancshares Inc. MN 1 1

05/15/09 Y Y Riverside Bancshares, Inc. AR 1 1

1/9/2009 Y Independence Bank RI 1 1

02/06/09 Y Community Holding Company of Florida, Inc. FL 1 1

01/23/09 Y Calvert Financial Corporation MO 1 1


July 6, 2010



Date of Priced

Transaction

Privately

Held

Qualified

Financial

Inst.?

Community

Development

Financial

Institution

(CDFI)

?

Subchapter S

Corporation

?

Addit'l Invst

Through

Expansion of

CPP for Small


TOTAL

TARP

CPP

Capital

Raised

($M)

May

2010

Feb.

2010

Nov.

2009

Repaid

?

Repayment

Date

Repayment

Amount

($M)

Remaining

TARP CPP

($M)

Warrants

Disposed?

Warrants

Disposal

Date?

Disposal

Type

Warrant

Disposal

Proceeds

($M)




FAILED TO MAKE

TARP DIVIDEND

PAYMENT

08/14/09 Y Bank Financial Services, Inc. MN 1 1

02/13/09 Y BGVF BankGreenville SC 1 1

02/13/09 Y Bern Bancshares Inc. KS 1 1

02/13/09 Y Gregg Bancshares, Inc. MO 1 Y 1

02/06/09 Y Banner County Bank Corporation NE 1 1

03/20/09 Y Farmers State Bankshares, Inc. KS 1 1

02/27/09 Y Green City Bancshares Inc. MO 1 1

02/13/09 Y Corning Savings and Loan Association AR 1 1

03/13/09 Y Butler Point, Inc. IL 1 1

03/27/09 Y Colonial American Bank PA 1 1

03/06/09 Y Community Bancshares of Kansas, Inc. KS 1 1

03/20/09 Y Kirksville Bancorp, Inc. MO 0 0.5

03/20/09 Y Farmers & Merchants Financial Corporation KS 0 0.4

03/13/09 Y Haviland Bancshares, Inc. KS 0 0.4

02/06/09 Y The Freeport State Bank KS 0 Y Y Y 0.3

01/30/09 Y FSOF First Southern Bancorp, Inc. FL 11 Y 06/16/10 11 0 Y 06/16/10 Repurchase 0.5

1/9/2009 Y Texas National Bancorporation TX 4 Y 05/19/10 4 0 Y 05/19/10 Repurchase 0.2

01/30/09 Y HTBC Hilltop Community Bancorp, Inc. NJ 4 Y 04/21/10 4 0 Y 04/21/10 Repurchase 0.2

02/27/09 Y First State Bank of Mobeetie TX 1 Y 04/14/10 1 0 Y 04/14/10 Repurchase 0.0

01/23/09 Y Midland States Bancorp, Inc. IL 10 Y 12/23/09 10 0 Y 12/23/09 Repurchase 0.5

03/13/09 Y FSDB 1st United Bancorp, Inc. FL 10 Y 11/18/09 10 0 Y 11/18/09 Repurchase 0.5

02/13/09 Y Midwest Regional Bancorp Inc. MO 1 Y 11/10/09 1 0 Y 11/10/09 Repurchase 0.0

01/16/09 Y FMWC First Manitowoc Bancorp, Inc. WI 12 Y 05/27/09 12 0 Y 05/27/09 Repurchase 0.6

01/23/09 Y First ULB Corp. CA 5 Y 04/22/09 5 0 Y 04/22/09 Repurchase 0.2

01/16/09 Y Centra Financial Holdings, Inc./Centra Bank, Inc. WV 15 Y 03/31/09 15 0 Y 04/15/09 Repurchase 0.8

01/16/09 Y Pacific Coast National Bancorp**** CA 4 Y 0

12/16/09 106/16/10 2

Notes:

**** Indicates Failed Institution

06/16/10 Repurchase0.2

Y 0 YLA 3FPBF FPB Financial Corp.01/23/09 Y


July 6, 2010



Date of Priced


TOTAL

TARP

CPP

Capital

Raised

($M)

Repaid

?

Repayment

Date

Repayment

Amount

($M)

Remaining

TARP CPP

($M)

Warrants

Disposed?

Warrants

Disposal

Date?

Disposal

Type

Net

Warrant

Disposal

Proceeds

to

Treasury

($M)

10/28/08 WFC Wells Fargo & Company 25,000 Y 12/23/09 25,000 0 Y 05/20/10 Auction 840.4

10/28/08 BAC Bank of America Corp. 25,000 Y 12/09/09 25,000 0 Y 03/03/10 Auction 1,542.7

10/28/08 JPM JPMorgan Chase & Co. 25,000 Y 06/17/09 25,000 0 Y 12/10/09 Auction 936.1

10/28/08 GS Goldman Sachs 10,000 Y 06/17/09 10,000 0 Y 07/22/09 Repurchase 1,100.0

10/28/08 MS Morgan Stanley 10,000 Y 06/17/09 10,000 0 Y 08/12/09 Repurchase 950.0

12/31/08 PNC PNC Financial Services Group 7,579 Y 02/10/10 7,579 0 Y 04/29/10 Auction 320.3

11/14/08 USB U.S. Bancorp 6,599 Y 06/17/09 6,599 0 Y 07/15/09 Repurchase 139.0

11/14/08 COF Capital One Financial Corp. 3,555 Y 06/17/09 3,555 0 Y 12/03/09 Auction 146.5

06/26/09 HIG Hartford Financial Services Group, Inc. 3,400 Y 03/31/10 3,400 0

1/9/2009 AXP American Express Co. 3,389 Y 06/17/09 3,389 0 Y 07/29/09 Repurchase 340.0

11/14/08 BBT BB&T Corp. 3,134 Y 06/17/09 3,134 0 Y 07/22/09 Repurchase 67.0

10/28/08 BK Bank of New York Mellon Corp. 3,000 Y 06/17/09 3,000 0 Y 08/05/09 Repurchase 136.0

11/14/08 CMA Comerica Inc. 2,250 Y 03/17/10 2,250 0 Y 05/06/10 Repurchase 183.7

10/28/08 STT State Street Corp. 2,000 Y 06/17/09 2,000 0 Y 07/08/09 Repurchase 60.0

11/14/08 NTRS Northern Trust Corp. 1,576 Y 06/17/09 1,576 0 Y 08/26/09 Repurchase 87.0

03/13/09 DFS Discover Financial Services 1,225 Y 04/21/10 1,225 0

12/30/09 200

03/03/10 200

11/21/08 WBS Webster Financial Corp. 400 Y 03/03/10 100 300

11/14/08 TCB TCF Financial Corp. 361 Y 04/22/09 361 0 Y 12/15/09 Auction 9.6

12/12/08 SUSQ Susquehanna Bancshares, Inc. 300 Y 04/21/10 200 100

06/03/09 75

09/23/09 125

12/23/09 100

12/12/08 SIVB SVB Financial Group 235 Y 12/23/09 235 0 Y 06/16/10 Repurchase 6.8

11/21/08 TRMK Trustmark Corporation 215 Y 12/09/09 215 0 Y 12/30/09 Repurchase 10.0

11/14/08 UMPQ Umpqua Holdings Corp. 214 Y 02/17/10 214 0 Y 03/31/10 Repurchase 4.5

11/14/08 WFSL Washington Federal, Inc. 200 Y 05/27/09 200 0 Y 03/09/10 Auction 15.6

11/21/08 FNFG First Niagara Financial Group 184 Y 05/27/09 184 0 Y 06/24/09 Repurchase 2.7

01/13/10 50

06/16/10 104

08/26/09 98

09/02/09 33

12/12/08 SBIB Sterling Bancshares Inc. 125 Y 05/05/09 125 0 Y 06/09/10 Auction 3.0

01/09/09 FMER FirstMerit Corporation 125 Y 04/22/09 125 0 Y 05/27/09 Repurchase 5.0

12/12/08 SBNY Signature Bank 120 Y 03/31/09 120 0 Y 03/10/10 Auction 11.3

12/12/08 ONB Old National Bancorp 100 Y 03/31/09 100 0 Y 05/08/09 Repurchase 1.2

1/9/2009 FNB F.N.B. Corporation 100 Y 09/09/09 100 0

12/05/08 IBKC Iberiabank Corporation 90 Y 03/31/09 90 0 Y 05/20/09 Repurchase 1.2

09/08/09 42

11/18/09 42

12/23/08 FFBC First Financial Bancorp 80 Y 02/24/10 80 0 Y 06/02/10 Auction 3.1

1/9/2009 INDB Independent Bank Corp. 78 Y 04/22/09 78 0 Y 05/27/09 Repurchase 2.2

1/16/2009 TCBI Texas Capital Bancshares Inc. 75 Y 05/13/09 75 0 Y 03/11/10 Auction 6.7

12/12/08 OZRK Bank of the Ozarks Inc. 75 Y 11/04/09 75 0 Y 11/24/09 Repurchase 2.7

12/05/08 WSBC WesBanco, Inc. 75 Y 09/09/09 75 0 Y 12/23/09 Repurchase 1.0

12/19/08 FFIC Flushing Financial Corp. 70 Y 10/28/08 70 0 Y 12/30/09 Repurchase 0.9

1/16/2009 SCBT SCBT Financial Corp. 65 Y 05/20/09 65 0 Y 06/24/09 Repurchase 1.4

12/19/08 UBSH Union Bankshares Corporation 59 Y 11/18/09 59 0 Y 12/23/09 Repurchase 0.5

02/27/09 LKFN Lakeland Financial Corporation 56 Y 06/09/10 56 0

01/16/09 State Bankshares, Inc. 50 Y 08/12/09 13 38

12/12/08 TBBK The Bancorp, Inc. 45 Y 03/10/10 45 0

11/21/08 FCBC First Community Bancshares, Inc. 42 Y 07/08/09 42 0

12/19/08 BHLB Berkshire Hills Bancorp, Inc. 40 Y 05/27/09 40 0 Y 06/24/09 Repurchase 1.0

01/16/09 OCFC OceanFirst Financial Corp. 38 Y 12/30/09 38 0 Y 02/03/10 Repurchase 0.4

12/05/08 EGBN Eagle Bancorp Inc. 38 Y 12/23/09 15 23

12/19/08 BARI Bancorp Rhode Island Inc. 30 Y 08/05/09 30 0 Y 09/30/09 Repurchase 1.4

1/9/2009 PGC Peapack-Gladstone Financial Corp. 29 Y 01/06/10 7 22

12/05/08 BMRC Bank of Marin Bancorp 28 Y 03/31/09 28 0

11/21/08 CSFL CenterState Banks of Florida, Inc. 28 Y 09/30/09 28 0 Y 10/28/09 Repurchase 0.2

12/19/08 ALNC Alliance Financial Corp. 27 Y 05/13/09 27 0 Y 06/17/09 Repurchase 0.9

1/9/2009 SHBI Shore Bancshares Inc. 25 Y 04/15/09 25 0

11/21/08 HFFC HF Financial Corp. 25 Y 06/03/09 25 0 Y 06/30/09 Repurchase 0.7

01/30/09 MBRG Middleburg Financial Corporation 22 Y 12/23/09 22 0

12/19/08 WAIN Wainwright Bank & Trust Co. 22 Y 11/24/09 22 0 Y 12/16/09 Repurchase 0.6

1/16/2009 BHB Bar Harbor Bankshares 19 Y 02/24/10 19 0

01/16/09 Centra Financial Holdings, Inc./Centra Bank, Inc. 15 Y 03/31/09 15 0 Y 04/15/09 Repurchase 0.8

12/12/08 LSBX LSB Corp. 15 Y 11/18/09 15 0 Y 12/16/09 Repurchase 0.6

12/19/08 MNRK Monarch Financial Holdings Inc. 15 Y 12/23/09 15 0 Y 02/10/10 Repurchase 0.3

12/23/08 Magna Bank 14 Y 11/24/09 3 10

1/9/2009 LCNB LCNB Corporation 13 Y 10/21/09 13 0

01/16/09 FMWC First Manitowoc Bancorp, Inc. 12 Y 05/27/09 12 0 Y 05/27/09 Repurchase 0.6

01/30/09 FSOF First Southern Bancorp, Inc. 11 Y 06/16/10 11 0 Y 06/16/10 Repurchase 0.5

01/23/09 Midland States Bancorp, Inc. 10 Y 12/23/09 10 0 Y 12/23/09 Repurchase 0.5

03/13/09 FSDB 1st United Bancorp, Inc. 10 Y 11/18/09 10 0 Y 11/18/09 Repurchase 0.5

12/12/08 FLFL First Litchfield Financial Corp. 10 Y 04/07/10 10 0 Y 04/07/10 Repurchase 1.5

1/16/2009 SOMH Somerset Hills Bancorp 7 Y 05/20/09 7 0 Y 06/24/09 Repurchase 0.3

12/05/08 OLBK Old Line Bancshares, Inc. 7 Y 07/15/09 7 0 Y 09/02/09 Repurchase 0.2

1/9/2009 CNBF Commerce National Bank 5 Y 10/07/09 5 0

01/23/09 First ULB Corp. 5 Y 04/22/09 5 0 Y 04/22/09 Repurchase 0.2

01/30/09 HTBC Hilltop Community Bancorp, Inc. 4 Y 04/21/10 4 0 Y 04/21/10 Repurchase 0.2

1/9/2009 Texas National Bancorporation 4 Y 05/19/10 4 0 Y 05/19/10 Repurchase 0.2

12/16/09 1

06/16/10 2

04/24/09 Frontier Bancshares, Inc. 3 Y 11/24/09 2 1

12/05/08 MNHN Manhattan Bancorp 2 Y 09/16/09 2 0 Y 10/14/09 Repurchase 0.1

02/27/09 First State Bank of Mobeetie 1 Y 04/14/10 1 0 Y 04/14/10 Repurchase 0.002/13/09 Midwest Regional Bancorp Inc. 1 Y 11/10/09 1 0 Y 11/10/09 Repurchase 0.0

300 Auction

0.2

0 Y 10/28/09 Repurchase

02/13/09 Westamerica BancorpWABC

FPBF FPB Financial Corp.

KBW - TARP CAPITAL PURCHASE PROGRAM REPAYMENTS

Y 06/16/10 Repurchase

1.3

18.5

5.4

Y 0

Y

Repurchase

Y 0

BPFH Boston Private Financial Holdings, Inc.

Y 04/07/10

154 Y 0

Y 05/18/10

12/05/08 CVBF

Y

130CVB Financial Corp.

3

11/14/08 VLY Valley National Bancorp

11/21/08

01/23/09

0

084

400 Y

TARP WARRANTS -

Repurchases/AuctionsTARP REPAYMENTS

11/21/08 CYN City National Corp.


July 6, 2010



Date of Priced


TOTAL

TARP

CPP

Capital

Raised

($M)

Repaid

?

Repayment

Date

Repayment

Amount

($M)

Remaining

TARP CPP

($M)

Warrants

Disposed?

Warrants

Disposal

Date? Disposal Type

Net

Warrant

Disposal

Proceeds

to

Treasury

($M)

Life-To-Date Dividend

Payments ($M)

(from June Treasury

Cumulative Dividends,

Interest and Distribution

Report)

Annualized

ROI (%)

Stock Price

Performance

From Warrant

Disposal Date

-

July 2, 2010

RELATIVE Stock

Price Performance

From Warrant

Disposal Date -

July 2, 2010

(Relative to S&P

500 Financials

Index)

10/28/08 WFC Wells Fargo & Company 25,000 Y 12/23/09 25,000 0 Y 05/20/10 Auction 840.4 1,441 5.8% -13.3% -8.3%

10/28/08 BAC Bank of America Corp. 25,000 Y 12/09/09 25,000 0 Y 03/03/10 Auction 1,542.7 1,294 8.3% -15.5% -7.0%

10/28/08 JPM JPMorgan Chase & Co. 25,000 Y 06/17/09 25,000 0 Y 12/10/09 Auction 936.1 795 6.2% -13.2% -8.1%

10/28/08 GS Goldman Sachs 10,000 Y 06/17/09 10,000 0 Y 07/22/09 Repurchase 1,100.0 318 19.9% -18.3% -29.9%

10/28/08 MS Morgan Stanley 10,000 Y 06/17/09 10,000 0 Y 08/12/09 Repurchase 950.0 318 16.3% -23.8% -20.3%

12/31/08 PNC PNC Financial Services Group 7,579 Y 02/10/10 7,579 0 Y 04/29/10 Auction 320.3 421 7.3% -15.7% 2.6%

11/14/08 USB U.S. Bancorp 6,599 Y 06/17/09 6,599 0 Y 07/15/09 Repurchase 139.0 195 7.7% 22.0% 11.7%

11/14/08 COF Capital One Financial Corp. 3,555 Y 06/17/09 3,555 0 Y 12/03/09 Auction 146.5 105 6.7% 6.8% 12.4%

1/9/2009 AXP American Express Co. 3,389 Y 06/17/09 3,389 0 Y 07/29/09 Repurchase 340.0 74 23.3% 42.1% 34.2%

11/14/08 BBT BB&T Corp. 3,134 Y 06/17/09 3,134 0 Y 07/22/09 Repurchase 67.0 93 7.5% 27.5% 16.0%

10/28/08 BK Bank of New York Mellon Corp. 3,000 Y 06/17/09 3,000 0 Y 08/05/09 Repurchase 136.0 95 10.1% -16.4% -12.5%

11/14/08 CMA Comerica Inc. 2,250 Y 03/17/10 2,250 0 Y 05/06/10 Repurchase 183.7 151 9.9% -14.8% -3.4%

10/28/08 STT State Street Corp. 2,000 Y 06/17/09 2,000 0 Y 07/08/09 Repurchase 60.0 64 9.0% -26.1% -48.1%

11/14/08 NTRS Northern Trust Corp. 1,576 Y 06/17/09 1,576 0 Y 08/26/09 Repurchase 87.0 47 11.0% -23.5% -16.4%

12/30/09 200

03/03/10 200

06/03/09 75

09/23/09 125

12/23/09 100

11/14/08 TCB TCF Financial Corp. 361 Y 04/22/09 361 0 Y 12/15/09 Auction 9.6 8 4.5% 17.1% 21.7%

12/12/08 SIVB SVB Financial Group 235 Y 12/23/09 235 0 Y 06/16/10 Repurchase 6.8 12 5.3% -11.7% -3.2%

11/21/08 TRMK Trustmark Corporation 215 Y 12/09/09 215 0 Y 12/30/09 Repurchase 10.0 11 8.9% -11.1% -4.7%

11/14/08 UMPQ Umpqua Holdings Corp. 214 Y 02/17/10 214 0 Y 03/31/10 Repurchase 4.5 13 6.0% -16.1% -0.9%

11/14/08 WFSL Washington Federal, Inc. 200 Y 05/27/09 200 0 Y 03/09/10 Auction 15.6 5 7.9% -17.7% -6.3%

11/21/08 FNFG First Niagara Financial Group 184 Y 05/27/09 184 0 Y 06/24/09 Repurchase 2.7 5 7.0% 5.8% -10.4%

08/26/09 98

09/02/09 33

12/12/08 SBIB Sterling Bancshares Inc. 125 Y 05/05/09 125 0 Y 06/09/10 Auction 3.0 2 2.9% -7.6% -4.3%

01/09/09 FMER FirstMerit Corporation 125 Y 04/22/09 125 0 Y 05/27/09 Repurchase 5.0 2 15.1% -3.0% -19.6%

12/12/08 SBNY Signature Bank 120 Y 03/31/09 120 0 Y 03/10/10 Auction 11.3 2 8.7% -3.5% 8.9%

12/12/08 ONB Old National Bancorp 100 Y 03/31/09 100 0 Y 05/08/09 Repurchase 1.2 2 6.9% -33.3% -36.9%

12/05/08 IBKC Iberiabank Corporation 90 Y 03/31/09 90 0 Y 05/20/09 Repurchase 1.2 1 6.6% 16.9% 1.2%

12/23/08 FFBC First Financial Bancorp 80 Y 02/24/10 80 0 Y 06/02/10 Auction 3.1 5 6.7% -10.6% -2.0%

1/9/2009 INDB Independent Bank Corp. 78 Y 04/22/09 78 0 Y 05/27/09 Repurchase 2.2 1 11.6% 22.6% 6.0%

1/16/2009 TCBI Texas Capital Bancshares Inc. 75 Y 05/13/09 75 0 Y 03/11/10 Auction 6.7 1 9.1% -10.5% 2.7%

12/12/08 OZRK Bank of the Ozarks Inc. 75 Y 11/04/09 75 0 Y 11/24/09 Repurchase 2.7 3 8.4% 27.7% 35.5%

12/05/08 WSBC WesBanco, Inc. 75 Y 09/09/09 75 0 Y 12/23/09 Repurchase 1.0 2 4.3% 38.0% 44.2%

12/19/08 FFIC Flushing Financial Corp. 70 Y 10/28/08 70 0 Y 12/30/09 Repurchase 0.9 3 5.4% 6.1% 12.5%

1/16/2009 SCBT SCBT Financial Corp. 65 Y 05/20/09 65 0 Y 06/24/09 Repurchase 1.4 1 9.1% 55.4% 39.2%

12/19/08 UBSH Union Bankshares Corporation 59 Y 11/18/09 59 0 Y 12/23/09 Repurchase 0.5 3 5.3% 2.8% 8.9%

12/19/08 BHLB Berkshire Hills Bancorp, Inc. 40 Y 05/27/09 40 0 Y 06/24/09 Repurchase 1.0 1 9.6% -6.4% -22.6%

01/16/09 OCFC OceanFirst Financial Corp. 38 Y 12/30/09 38 0 Y 02/03/10 Repurchase 0.4 2 5.6% 17.6% 23.5%

12/19/08 BARI Bancorp Rhode Island Inc. 30 Y 08/05/09 30 0 Y 09/30/09 Repurchase 1.4 1 10.1% 5.2% 14.7%

11/21/08 CSFL CenterState Banks of Florida, Inc. 28 Y 09/30/09 28 0 Y 10/28/09 Repurchase 0.2 1 5.4% 36.6% 40.8%

12/19/08 ALNC Alliance Financial Corp. 27 Y 05/13/09 27 0 Y 06/17/09 Repurchase 0.9 1 11.1% 3.6% -13.2%

11/21/08 HFFC HF Financial Corp. 25 Y 06/03/09 25 0 Y 06/30/09 Repurchase 0.7 1 8.8% -17.9% -31.2%

12/19/08 WAIN Wainwright Bank & Trust Co. 22 Y 11/24/09 22 0 Y 12/16/09 Repurchase 0.6 1 7.3% 162.0% 167.3%

01/16/09 Centra Financial Holdings, Inc./Centra Bank, Inc. 15 Y 03/31/09 15 0 Y 04/15/09 Repurchase 0.8 0 27.7% NA NA

12/12/08 LSBX LSB Corp. 15 Y 11/18/09 15 0 Y 12/16/09 Repurchase 0.6 1 8.3% 20.2% 25.5%

12/19/08 MNRK Monarch Financial Holdings Inc. 15 Y 12/23/09 15 0 Y 02/10/10 Repurchase 0.3 1 5.9% 15.5% 18.2%

01/16/09 FMWC First Manitowoc Bancorp, Inc. 12 Y 05/27/09 12 0 Y 05/27/09 Repurchase 0.6 0 20.7% 38.9% 22.3%

01/30/09 FSOF First Southern Bancorp, Inc. 11 Y 06/16/10 11 0 Y 06/16/10 Repurchase 0.5 1 8.6% -5.3% 3.2%

01/23/09 Midland States Bancorp, Inc. 10 Y 12/23/09 10 0 Y 12/23/09 Repurchase 0.5 1 11.0% NA NA

03/13/09 FSDB 1st United Bancorp, Inc. 10 Y 11/18/09 10 0 Y 11/18/09 Repurchase 0.5 0 13.0% 21.8% 31.4%

12/12/08 FLFL First Litchfield Financial Corp. 10 Y 04/07/10 10 0 Y 04/07/10 Repurchase 1.5 1 15.9% NA NA

1/16/2009 SOMH Somerset Hills Bancorp 7 Y 05/20/09 7 0 Y 06/24/09 Repurchase 0.3 0 12.9% 9.7% -6.4%

12/05/08 OLBK Old Line Bancshares, Inc. 7 Y 07/15/09 7 0 Y 09/02/09 Repurchase 0.2 0 8.5% 19.4% 21.1%

01/23/09 First ULB Corp. 5 Y 04/22/09 5 0 Y 04/22/09 Repurchase 0.2 0 28.7% NA NA

01/30/09 HTBC Hilltop Community Bancorp, Inc. 4 Y 04/21/10 4 0 Y 04/21/10 Repurchase 0.2 0 9.5% -11.9% 6.8%

1/9/2009 Texas National Bancorporation 4 Y 05/19/10 4 0 Y 05/19/10 Repurchase 0.2 0 9.0% NA NA

12/16/09 1

06/16/10 2

12/05/08 MNHN Manhattan Bancorp 2 Y 09/16/09 2 0 Y 10/14/09 Repurchase 0.1 0 9.0% -17.5% -3.5%

02/27/09 First State Bank of Mobeetie 1 Y 04/14/10 1 0 Y 04/14/10 Repurchase 0.0 0 9.9% NA NA

02/13/09 Midwest Regional Bancorp Inc. 1 Y 11/10/09 1 0 Y 11/10/09 Repurchase 0.0 0 12.4% NA NA

TOTAL: 131,800 6,975 5,549

Auction 3,841

Repurchase 3,136

7.9% 16.4%

4.7 6.9%0 Y 10/28/09

25.5%

Repurchase

0.2

5.4

Averages: 10.3% 4.4% 5.5%

0.2

Y

FPBF FPB Financial Corp.

CVB Financial Corp.

18.5

15.7%

KBW - TARP CAPITAL PURCHASE PROGRAM WARRANT DISPOSALS

7%


1.3

Y 0

Y 0

23.9 15.0%

13.0


3

300

01/23/09

12/05/08 CVBF 130

11/14/08 VLY Valley National Bancorp Y 05/18/10 Auction

400 Y

TARP WARRANTS -

Repurchases/AuctionsTARP REPAYMENTS

11/21/08 CYN City National Corp. -10%

-9%

16.2%

0%

20.5%


July 6, 2010


KBW - CAPITAL PURCHASE PROGRAM MISSED DIVIDEND PAYMENTS TRACKER

Source: KBW Research, Company Filings, U.S. Treasury DepartmentSORTED

Date of

Priced

Transaction Ticker Company Name City State

Amount of

Capital

RAISED via

TARP CPP

($M)

May

2010 Feb. 2010

Nov.

2009

Remaining

TARP CPP

($M) Initial Investment Type

01/16/09 FBP First Bancorp Of Puerto Rico San Juan PR 400 Y Y Y 400 Preferred Stock w/ Warrants

12/05/08 TSFG The South Financial Group, Inc. Greenville SC 347 Y Y 347 Preferred Stock w/ Warrants

12/05/08 STSA Sterling Financial Corp. (Washington) Spokane WA 303 Y Y Y 303 Preferred Stock w/ Warrants

12/12/08 CRBC Citizens Republic Bancorp, Inc. Flint MI 300 Y Y 300 Preferred Stock w/ Warrants

12/31/08 First Banks, Inc. Clayton MO 295 Y Y Y 295 Preferred Stock w/ Exercised Warrants

11/21/08 PCBC Pacific Capital Bancorp Santa Barbara CA 181 Y Y Y 181 Preferred Stock w/ Warrants

01/16/09 Dickinson Financial Corporation II Kansas City MO 146 Y Y Y 146 Preferred Stock w/ Exercised Warrants

1/9/2009 CPF Central Pacific Financial Corp. Honolulu HI 135 Y Y Y 135 Preferred Stock w/ Warrants

01/30/09 ABCW Anchor Bancorp Wisconsin Inc. Madison WI 110 Y Y Y 110 Preferred Stock w/ Warrants

02/27/09 IBNK Integra Bank Corp. Evansville IN 84 Y Y Y 84 Preferred Stock w/ Warrants

12/31/08 HMPR Hampton Roads Bankshares, Inc. Norfolk VA 80 Y Y Y 80 Preferred Stock w/ Warrants

12/12/08 IBCP Independent Bank Corp. (Michigan) Ionia MI 72 Y Y Y 72 Mandatory Convertible Preferred Stock w/ Warrants

02/13/09 FNBN FNB United Corp. Asheboro NC 52 Y 52 Preferred Stock w/ Warrants

08/07/09 U.S. Century Bank Miami FL 50 Y Y 50 Preferred Stock w/ Exercised Warrants

12/19/08 SBCF Seacoast Banking Corporation of Florida Stuart FL 50 Y Y Y 50 Preferred Stock w/ Warrants

1/16/2009 MCBI Metrocorp Bancshares, Inc. Houston TX 45 Y 45 Preferred Stock w/ Warrants

02/13/09 PRWT PremierWest Bancorp Medford OR 41 Y Y Y 41 Preferred Stock w/ Warrants

11/21/08 HTBK Heritage Commerce Corp San Jose CA 40 Y Y Y 40 Preferred Stock w/ Warrants

11/21/08 CASB Cascade Financial Corporation Everett WA 39 Y Y Y 39 Preferred Stock w/ Warrants

12/19/08 Bridgeview Bancorp, Inc. Bridgeview IL 38 Y 38 Preferred Stock w/ Exercised Warrants

12/05/08 TIBB TIB Financial Corp. Naples FL 37 Y Y Y 37 Preferred Stock w/ Warrants

1/9/2009 FSGI First Security Group, Inc. Chattanooga TN 33 Y Y 33 Preferred Stock w/ Warrants

1/9/2009 TRUE Centrue Financial Corp. St. Louis MO 33 Y Y Y 33 Preferred Stock w/ Warrants

02/20/09 RBPAA Royal Bancshares of Pennsylvania, Inc. Narberth PA 30 Y Y Y 30 Preferred Stock w/ Warrants

12/19/08 IMCB Intermountain Community Bancorp Sandpoint ID 27 Y Y 27 Preferred Stock w/ Warrants

12/23/08 IBCA Intervest Bancshares Corp. New York NY 25 Y Y 25 Preferred Stock w/ Warrants

01/30/09 Rogers Bancshares, Inc. Little Rock AR 25 Y Y Y 25 Preferred Stock w/ Exercised Warrants

05/29/09 Citizens Bancshares Co. Chillicothe MO 25 Y Y 25 Preferred Stock w/ Exercised Warrants

12/05/08 BVBC Blue Valley Ban Corp. Overland Park KS 22 Y Y Y 22 Preferred Stock w/ Warrants

06/26/09 FC Holdings, Inc. Houston TX 21 Y Y Y 21 Preferred Stock w/ Exercised Warrants

03/20/09 HEOP Heritage Oaks Bancorp Paso Robles CA 21 Y 21 Preferred Stock w/ Warrants

01/16/09 BNCC BNCCORP, Inc. Bismarck ND 20 Y Y 20 Preferred Stock w/ Exercised Warrants

06/05/09 First Trust Corporation New Orleans LA 18 Y 18 Subordinated Debentures w/ Exercised Warrants

02/20/09 NSFC Northern States Financial Corp. Waukegan IL 17 Y Y Y 17 Preferred Stock w/ Warrants

12/23/08 TSBK Timberland Bancorp, Inc. Hoquiam WA 17 Y 17 Preferred Stock w/ Warrants

03/06/09 FFBH First Federal Bancshares of Arkansas Inc. Harrison AR 17 Y Y 17 Preferred Stock w/ Warrants

12/19/08 PFCF Pacific City Financial Corporation Los Angeles CA 16 Y Y Y 16 Preferred Stock w/ Exercised Warrants

12/12/08 VYFC Valley Financial Corporation Roanoke VA 16 Y 16 Preferred Stock w/ Warrants

05/15/09 First Community Bancshares, Inc. (KS) Overland Park KS 15 Y 15 Preferred Stock w/ Warrants

01/30/09 Bankers' Bank of the West Bancorp, Inc. Denver CO 13 Y 13 Preferred Stock w/ Exercised Warrants

02/20/09 Security State Bank Holding Company Charleston MO 13 Y Y 13 Preferred Stock w/ Exercised Warrants

12/19/08 OneUnited Bank Boston MA 12 Y Y Y 12 Preferred Stock

06/26/09 Alliance Financial Services Inc. Saint Paul MN 12 Y Y 12 Subordinated Debentures w/ Exercised Warrants

06/19/09 Duke Financial Group, Inc. Minneapolis MN 12 Y Y 12 Subordinated Debentures w/ Exercised Warrants

01/30/09 PLBC Plumas Bancorp Quincy CA 12 Y 12 Preferred Stock w/ Warrants

01/16/09 TCB Holding Company The Woodlands TX 12 Y 12 Preferred Stock w/ Exercised Warrants

12/23/08 CECB Cecil Bancorp Inc. Elkton MD 12 Y Y 12 Preferred Stock w/ Warrants

01/30/09 CVBK Central Virginia Bankshares Inc. Powhatan VA 11 Y Y 11 Preferred Stock w/ Warrants

01/23/09 Stonebridge Financial Corp. West Chester PA 11 Y 11 Preferred Stock w/ Exercised Warrants

02/27/09 Ridgestone Financial Services Brookfield WI 11 Y Y Y 11 Preferred Stock w/ Exercised Warrants

11/20/09 PDOB Presidio Bank San Francisco CA 11 Y Y 11 Preferred Stock w/ Exercised Warrants

02/13/09 NBCT Northwest Bancorporation, Inc. Spokane WA 11 Y 11 Preferred Stock w/ Exercised Warrants

12/23/08 CZNB Citizens Bancorp Nevada City CA 10 Y Y Y 10 Preferred Stock w/ Exercised Warrants

03/20/09 Premier Bank Holding Company Tallahassee FL 10 Y 10 Preferred Stock w/ Exercised Warrants

04/10/09 City National Bancshares Corporation Newark NJ 9 Y Y 9 Preferred Stock

02/20/09 UABK United American Bank San Mateo CA 9 Y Y Y 9 Preferred Stock w/ Exercised Warrants

FAILED TO MAKE TARP

DIVIDEND PAYMENT


July 6, 2010


KBW - CAPITAL PURCHASE PROGRAM MISSED DIVIDEND PAYMENTS TRACKER

Source: KBW Research, Company Filings, U.S. Treasury DepartmentSORTED

Date of

Priced

Transaction Ticker Company Name City State

Amount of

Capital

RAISED via

TARP CPP

($M)

May

2010 Feb. 2010

Nov.

2009

Remaining

TARP CPP

($M) Initial Investment Type

FAILED TO MAKE TARP

DIVIDEND PAYMENT

02/20/09 SBNK Sonoma Valley Bancorp Sonoma CA 9 Y Y 9 Preferred Stock w/ Exercised Warrants

01/16/09 SGBP Syringa Bancorp Boise ID 8 Y Y Y 8 Preferred Stock w/ Exercised Warrants

01/23/09 CWBB Commonwealth Business Bank Los Angeles CA 8 Y Y Y 8 Preferred Stock w/ Exercised Warrants

12/23/08 FSWA First Sound Bank Seattle WA 7 Y Y 7 Preferred Stock w/ Warrants

04/03/09 Millennium Bancorp, Inc. Edwards CO 7 Y 7 Preferred Stock w/ Exercised Warrants

09/11/09 HRTB Heartland Bancshares, Inc. Franklin IN 7 Y Y 7 Preferred Stock w/ Exercised Warrants

01/16/09 IDBC Idaho Bancorp Boise ID 7 Y Y Y 7 Preferred Stock w/ Exercised Warrants

01/23/09 Pierce County Bancorp Tacoma WA 7 Y Y Y 7 Preferred Stock w/ Exercised Warrants

02/06/09 MCBF Monarch Community Bancorp Inc. Coldwater MI 7 Y Y 7 Preferred Stock w/ Warrants

11/13/09 FDLB Fidelity Federal Bancorp Evansville IN 7 Y Y 7 Preferred Stock w/ Exercised Warrants

12/12/08 PIBW Pacific International Bancorp Seattle WA 7 Y Y Y 7 Preferred Stock w/ Warrants

02/06/09 CCVS Citizens Commerce Bancshares, Inc. Versailles KY 6 Y Y Y 6 Preferred Stock w/ Exercised Warrants

05/01/09 OSB Financial Services, Inc. Orange TX 6 Y Y 6 Subordinated Debentures w/ Exercised Warrants

12/19/08 PATD Patapsco Bancorp, Inc. Dundalk MD 6 Y 6 Preferred Stock w/ Exercised Warrants

1/9/2009 RSAM Rising Sun Bancorp Rising Sun MD 6 Y Y Y 6 Preferred Stock w/ Exercised Warrants

12/05/08 FPBI FPB Bancorp Inc. Port St. Lucie FL 6 Y Y 6 Preferred Stock w/ Warrants

03/06/09 First Southwest Bancorporation, Inc. Alamosa CO 6 Y Y 6 Preferred Stock w/ Exercised Warrants

05/08/09 One Georgia Bank Atlanta GA 6 Y Y Y 6 Preferred Stock w/ Exercised Warrants

02/27/09 Midtown Bank & Trust Company Atlanta GA 5 Y 5 Preferred Stock w/ Exercised Warrants

05/01/09 Georgia Primary Bank Atlanta GA 5 Y Y Y 5 Preferred Stock w/ Exercised Warrants

02/06/09 The Bank of Currituck Moyock NC 4 Y Y 4 Preferred Stock w/ Exercised Warrants

05/08/09 Investors Financial Corporation of Pettis County, Inc. Sedalia MO 4 Y Y 4 Subordinated Debentures w/ Exercised Warrants

03/27/09 Pathway Bancorp Cairo NE 4 Y Y Y 4 Preferred Stock w/ Exercised Warrants

04/17/09 Patterson Bancshares, Inc Patterson LA 4 Y Y Y 4 Preferred Stock w/ Exercised Warrants

03/13/09 Madison Financial Corporation Richmond KY 3 Y 3 Preferred Stock w/ Exercised Warrants

1/9/2009 CNRB Congaree Bancshares, Inc. Cayce SC 3 Y Y 3 Preferred Stock w/ Exercised Warrants

01/16/09 TOAK Treaty Oak Bancorp, Inc. Austin TX 3 Y 3 Preferred Stock w/ Exercised Warrants

05/29/09 Grand Mountain Bancshares, Inc. Granby CO 3 Y Y Y 3 Preferred Stock w/ Exercised Warrants

02/06/09 Lone Star Bank Houston TX 3 Y Y Y 3 Preferred Stock w/ Exercised Warrants

12/23/08 TVFH Tennessee Valley Financial Holdings, Inc. Oak Ridge TN 3 Y Y 3 Preferred Stock w/ Exercised Warrants

02/13/09 SCVE Santa Clara Valley Bank, N.A. Santa Paula CA 3 Y 3 Preferred Stock w/ Exercised Warrants

04/17/09 Omega Capital Corp. Lakewood CO 3 Y Y Y 3 Preferred Stock w/ Exercised Warrants

04/03/09 Prairie Star Bancshares, Inc. Olathe KS 3 Y 3 Preferred Stock w/ Exercised Warrants

01/30/09 Goldwater Bank, N.A. Scottsdale AZ 3 Y 3 Preferred Stock w/ Exercised Warrants

01/16/09 CFBN Community 1st Bank Roseville CA 3 Y 3 Preferred Stock w/ Exercised Warrants

03/20/09 Citizens Bank & Trust Company Covington LA 2 Y Y Y 2 Preferred Stock w/ Exercised Warrants

03/27/09 Maryland Financial Bank Towson MD 2 Y Y Y 2 Preferred Stock w/ Exercised Warrants

06/26/09 GCYO Gold Canyon Bank Gold Canyon AZ 2 Y 2 Preferred Stock w/ Exercised Warrants

12/23/08 SAGN Saigon National Bank Westminster CA 2 Y Y Y 2 Preferred Stock w/ Exercised Warrants

02/13/09 Gregg Bancshares, Inc. Ozark MO 1 Y 1 Preferred Stock w/ Exercised Warrants

02/06/09 The Freeport State Bank Harper KS 0 Y Y Y 0.3 Preferred Stock w/ Exercised Warrants


July 6, 2010


Source: KBW Research, U.S. Treasury Transactions Report

Ticker Company

TARP Investment

($M)

Exchange

Amount

($M)

Exchange

Date(s) Details

STSA Sterling Financial 303 303 4/29/2010* Treasury agreed to exchange $303 M of Preferred Stock for equivalent Mandatory Convertible Preferred Stock.

IBCP Independent Bank 72 74.4 4/16/2010Treasury exchanged $72 M of Preferred Stock for $74,426,000 of Mandatory Convertible Preferred Stock,

reflecting the initial investment plus $2,426,000 of accrued unpaid dividends.

Midwest Banc Hlds.** 85 89.4 3/8/2010Treasury exchanged $84,784,000 of Preferred Stock for $89,388,000 of Mandatory Convertible Preferred Stock, to

reflect the initial investment plus $4,604,000 of accrued yet unpaid dividends.

SUPR Superior Bancorp 69 69 12/11/2009 Treasury excahged $69 M Series A Preferred for Trust Preferred Securities.

BPOP Popular 935 935 8/24/2009 Treasury exchanged Series C Preferred Stock for Trust Preferred Securities, Popular paid a $13 M exchange fee.

C Citigroup*** 49,000 25,000 7/23/09 & 7/30/09Treasury exchanged $25 B of CPP shares for Series M Common Stock Equivalent and a Series M warrant. Series

M automatically converted to 7,692,307,692 common shares.

* Transaction is pending regulatory and shareholder approval.

** Indicates Failed Institution

KBW - Exchanges of TARP Preferred Stock

*** On April 26, 2010, Treasury gave Morgan Stanley discretionary authority as its sales agent to sell up to 1.5B shares of C common stock, which ended with the completion of the sale on May 26. On May 26, Treasury again gave

Morgan Stanley discretionary authority to sell up to 1.5B shares of C common stock, which ended with the completion of the sale by June 20.


July 6, 2010


IMPORTANT DISCLOSURES

RESEARCH ANALYST CERTIFICATION: I, Melissa A. Roberts, hereby certify that the views expressed in this research report accurately reflectmy personal views about the subject company and its securities. I also certify that I have not been, and will not be receiving direct or indirectcompensation in exchange for expressing the specific recommendation in this report.

Analysts’ Compensation: The equity research analysts responsible for the preparation of this report receive compensation based upon various factors,including the quality and accuracy of research, client feedback, competitive factors, and overall firm revenues, which include revenues from, amongother business units, Institutional Equities and Investment Banking.

For disclosures pertaining to recommendations or estimates made on a security mentioned in this report, please see the most recently publishedcompany report or visit our global disclosures page on our website at http://www.kbw.com/research/disclosures.html or see the section below titled"Disclosure Information" for further information on how to obtain these disclosures.

AFFILIATE DISCLOSURES: This report has been prepared by Keefe, Bruyette & Woods Inc. (“KBWI”) and/or its affiliates Keefe, Bruyette &Woods Limited and Keefe, Bruyette & Woods Asia Limited all of which are subsidiaries of KBW, Inc. (collectively “KBW”). Keefe, Bruyette &Woods Inc. is regulated by FINRA, NYSE, and the United States Securities and Exchange Commission, and its headquarters is located at 787 7thAvenue, New York, NY 10019. Keefe, Bruyette & Woods Limited is registered in England and Wales, no. 04605071 and its registered office is 7thFloor, One Broadgate, London EC2M 2QS. KBWL is authorised and regulated by the UK Financial Services Authority ("FSA"), entered on the FSA'sregister, no. 221627 and is a member of the London Stock Exchange. Keefe, Bruyette & Woods Asia Limited is a licensed corporation regulated bythe Securities and Futures Commission of Hong Kong ("SFC") (CE No.: AUI281). Its headquarters is located at 3101, 31/F Central Plaza, 18 HarbourRoad, Wanchai, Hong Kong. Disclosures in the Important Disclosures section referencing KBW include one or all affiliated entities unless otherwisespecified.

Registration of non-US Analysts: Any non-US Research Analyst employed by a non-US affiliate of KBWI contributing to this report is notregistered/qualified as research analyst with FINRA and/or the NYSE and may not be an associated person of KBWI and therefore may not be subjectto NASD Rule 2711 or NYSE Rule 472 restrictions on communications with a subject company, public appearances, and trading securities held by aresearch analyst account.

Disclosure Information: For current company specific disclosures please write to one of the KBW entities: Keefe, Bruyette & Woods ResearchDepartment at the following address: 787 7th Avenue, 4th Floor, New York, NY 10019. The Compliance Officer, Keefe, Bruyette and WoodsLimited, 7th Floor, One Broadgate, London EC2m 2QS. The Compliance Officer, Keefe, Bruyette and Woods Asia Limited, 3101, 31/F Central Plaza,18 Harbour Road, Wanchai, Hong Kong. Or visit our website at http://www.kbw.com/research/disclosures.html. KBW has arrangements in place tomanage conflicts of interest including information barriers between the Research Department and certain other business groups. As a result, KBWdoes not disclose certain client relationships with, or compensation received from, such companies in its research reports.

Distribution of Ratings/IB ServicesKBW

*IB Serv./Past 12 Mos.

Rating Count Percent Count Percent

Outperform [BUY] 193 31.38 54 27.98Market Perform [HOLD] 352 57.24 82 23.30Underperform [SELL] 50 8.13 4 8.00Restricted [RES] 0 0.00 0 0.00Suspended [SP] 20 3.25 3 15.00

* KBW maintains separate research departments; however, the above chart, "Distribution of Ratings/IBServices," reflects combined information related to the distribution of research ratings and the receipt ofinvestment banking fees globally.

Explanation of Ratings: KBW Research Department provides three core ratings: Outperform, Market Perform and Underperform, and two ancillaryratings: Suspended and Restricted. For purposes of New York Stock Exchange Rule 472 and FINRA Rule 2711, Outperform is classified as a Buy,Market Perform is classified as a Hold, and Underperform is classified as a Sell. Suspended indicates that KBW's investment rating and target pricehave been temporarily suspended due to a lack of publicly available information and/or to comply with applicable regulations and/or KBW policies.Restricted indicates that KBW is precluded from providing an investment rating or price target due to the firm's role in connection with a merger orother strategic financial transaction.

North American Stocks are rated based on an absolute rate of return (percentage price change plus dividend yield).Outperform represents a total rateof return of 15% or greater. Market Perform represents a total rate of return in a range between -5% and +15%.Underperform represents a total rate ofreturn at or below -5%.

European and Asian Stocks are rated based on the share price upside to target price relative to the relevant sector index performance on a 12-monthhorizon. Outperform rated stocks have a greater than 10 percentage point (“pp”) relative performance versus the sector, Market Perform rated stocksbetween +10pp to -10pp relative performance versus the sector, and Underperform rated stocks a lower than 10pp relative performance versus thesector. The 12-month price target may be determined by the stock’s fundamentally-driven fair value and/or other factors (e.g., takeover premium orilliquidity discount).


July 6, 2010


http://www.kbw.com/research/disclosures.html?

http://www.kbw.com/research/disclosures.html?

KBW Model Portfolio: "Model Portfolio Buy" - Companies placed on this list are expected to generate a total rate of return (percentage price changeplus dividend yield) of 10% or more over the next 3 to 6 months.

"Model Portfolio Sell" - Companies placed on this list are expected to generate a total rate of return (percentage price change plus dividend yield) at orbelow -10% over the next 3 to 6 months.

The purpose of the Model Portfolio is to inform institutional investors of KBWI’s short-term (as described above) outlook for a particular industrysector. The Portfolio is not available for purchase or sale, cannot be duplicated as shown, is hypothetical and is for illustrative purposes only. For amore detailed description of the selection criteria and other specifics related to the construction of the Model Portfolio, please refer to the January 5,2010 Model Portfolio Primer and/or contact your KBWI representative for more information.

The Model Portfolio should be viewed as a short-term outlook of a particular industry sector, not as individual security recommendations. The ModelPortfolio uses a three-to-six-month time horizon and should not be considered when making longer term investments. KBWI Research publishesresearch with a 12-month outlook on each issuer of securities contained in the Model Portfolio. Investors who are interested in a particular securityshould request KBWI Research’s coverage of such securities by contacting your KBWI representative. KBW research contains analyses offundamentals underlying each issuer.

KBWI’s long-term recommendations may differ from recommendations made for the Model Portfolio. These differences are the result of differenttime horizons -- KBWI research has a 12-month outlook and the Model Portfolio has a three-to-six-month outlook.

Although the model portfolio is based upon actual performance of actual investments, KBWI did not recommend that investors purchase thiscombination -- or hypothetical portfolio -- of investments during the time period depicted here. As this hypothetical portfolio was designed with thebenefit of hindsight, the choice of investments contained in it reflects a subjective choice by KBWI. Accordingly, this hypothetical portfolio mayreflect a choice of investments that performed better than an actual portfolio, which was recommended during the depicted time frame, would haveperformed during the same time period. Moreover, unlike an actual performance record, these results do not represent actual trading wherein marketconditions or other risk factors may have caused the holder of the portfolio to liquidate or retain all or part of the represented holdings.

Other Research Methods: Please be advised that KBW provides to certain customers on request specialized research products or services that focuson covered stocks from a particular perspective. These products or services include, but are not limited to, compilations, reviews and analysis that mayuse different research methodologies or focus on the prospects for individual stocks as compared to other covered stocks or over differing timehorizons or under assumed market events or conditions.

OTHER DISCLOSURES

Indices:The following indices: KBW Bank Index (BKX), KBW Insurance Index (KIX), KBW Capital Markets Index (KSX), KBW Regional BankingIndex (KRX), KBW Mortgage Finance Index (MFX), KBW Property & Casualty Index (KPX), and KBW Premium Yield Equity REIT Index (KYX),are the property of KBWI. KBWI does not guarantee the accuracy or completeness of the Index, makes no express or implied warranties with respectto the Index and shall have no liability for any damages, claims, losses or expenses caused by errors in the index calculation. KBWI makes norepresentation regarding the advisability of investing in options on the Index. Past performance is not necessarily indicative of future results.

ETFs: The shares ("Shares") of KBW ETFs are not sponsored, endorsed, sold or promoted by KBWI. KBWI makes no representation or warranty,express or implied, to the owners of the Shares or any member of the public regarding the advisability of investing in securities generally or in theShares particularly or the ability of its Regional Banking, Capital Markets, Bank, Mortgage Finance, and Insurance Indexes to track general stockmarket performance. The only relationship of KBWI to State Street Bank and Trust Company is the licensing of certain trademarks and trade names ofKBWI and its Regional Banking, Capital Markets, Bank, Mortgage Finance, and Insurance Indexes are determined, composed and calculated byKBWI without regard to State Street Bank and Trust, the fund, or the Shares. KBWI has no obligation to take the needs of State Street Bank and TrustCompany or the owners of the shares into consideration in determining, composing, or calculating its Regional Banking, Capital Markets, Bank,Mortgage Finance, and Insurance Indexes. KBWI is not responsible for and has not participated in any determination or calculation made with respectto issuance or redemption of the Shares. KBWI has no obligation or liability in connection with the administration, marketing or trading of the Shares.

Most ProShares ETFs seek a return that is a multiple (e.g., -200%, -300%) of the return of an index or other benchmark (target) for a single day. Dueto the compounding of daily returns, Ultra and Short ProShares' returns over periods other than one day will likely differ in amount and possiblydirection from the target return for the same period. Investors should monitor holdings consistent with their strategies, as frequently as daily. For moreon correlation, leverage and other risks, please read the prospectus. ProShares are distributed by SEI Investments Distribution Co. which is notaffiliated with ProFunds Group or its affiliates.

“KBW Regional Banking IndexSM” is a service mark of Keefe, Bruyette & Woods, Inc. (KBWI), and has been licensed for use by ProShares.ProShares have not been passed on by this entity or its subsidiaries or affiliates as to their legality or suitability. ProShares are not sponsored,endorsed, or promoted by this entity or its subsidiaries or affiliates, and they make no representation regarding the advisability of investing in theseproducts. THIS ENTITY AND ITS SUBSIDIARIES AND AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITHRESPECT TO PROSHARES. Before investing, consider the funds investment objectives, risks, charges and expenses. To obtain a prospectus whichcontains this and other information, call 1-866-787-2257 or visit https://www.spdrs.com/resources/materials/productLiteratureOverlay.seam.

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETFs may be bought and sold on theexchange through any brokerage account, ETFs are not individually redeemable from the Fund. Investors may acquire ETFs and tender them forredemption through the Fund in Creation Unit Aggregations only, please see the prospectus for more details.

Shares of the ETFs funds are not insured by the FDIC or by another governmental agency; they are not obligations of the FDIC nor are they depositsor obligations of or guaranteed by KBWI or State Street Bank and Trust Company. Funds investing in a single sector may be subject to more volatilitythan funds investing in a diverse group of sectors. ETFs are distributed by State Street Global. Markets, LLC, member FINRA(http://www.finra.org/index.htm), SIPC (http://www.sipc.org/). Past performance is not necessarily indicative of future results. ETFs trade like stocks,


July 6, 2010


http://www.proshares.com/funds/performance/the_universal_effects_of_compounding.html?

http://www.proshares.com/resources/litcenter/?

https://www.spdrs.com/resources/materials/productLiteratureOverlay.seam?

http://www.finra.org/index.htm?

http://www.sipc.org/?

are subject to investment risk and will fluctuate in market value.

General Risk Disclosure: Investments in securities or financial instrument involve numerous risks which may include market risk, counterpartydefault risk, liquidity risk and exchange rate risk. No security or financial instrument is suitable for all investors and some investors may be prohibitedin certain states or other jurisdictions from purchasing securities mentioned in this communication. The securities of some issuers may not be subjectto the audit and reporting standards, practices and requirements comparable to those companies located in the investor’s local jurisdiction. Where netdividends to ADR investors are discussed, these are estimated, using withholding tax rate conventions, and deemed accurate, but recipients shouldalways consult their tax advisor for exact dividend computations.

COUNTRY SPECIFIC AND JURISDICTIONAL DISCLOSURES: United States: This report is being distributed in the US by Keefe, Bruyette& Woods Inc. Where the report has been prepared by a non-US affiliate, Keefe, Bruyette & Woods Inc., accepts responsibility for its contents. U.K.and European Economic Area (EEA): This report is issued and approved for distribution in the EEA by Keefe Bruyette & Woods Limited, which isregulated in the United Kingdom by the Financial Services Authority. Hong Kong: This document has been distributed by Keefe, Bruyette & WoodsAsia Limited for the information of institutional customers and is not intended for, and should not be distributed to, retail investors in Hong Kong.Keefe, Bruyette & Woods Asia Limited accepts responsibility for the information set out in this document. Singapore: This communication isdistributed in Singapore only to persons who are "institutional investors" as defined in the Securities and Futures Act, Chapter 289 of Singapore and isnot intended for, and should not be distributed to, any person in Singapore who is not an "institutional investor”.

In jurisdictions where KBW is not already licensed or registered to trade securities, transactions will only be affected in accordance with localsecurities legislation which will vary from jurisdiction to jurisdiction and may require that a transaction is carried out in accordance with applicableexemptions from registration and licensing requirements. Non US customers wishing to effect a transaction should contact a representative of theKBW entity in their regional jurisdiction except where governing law permits otherwise. US customers wishing to effect a transaction should do so bycontacting a representative of Keefe, Bruyette & Woods Inc.

ONLY DISTRIBUTE UNDER REGULATORY LICENSE: This communication is only intended for and will only be distributed to personsresiding in any jurisdictions where such distribution or availability would not be contrary to local law or regulation. This communication must not beacted upon or relied on by persons in any jurisdiction other than in accordance with local law or regulation and where such person is an investmentprofessional with the requisite sophistication and resources to understand an investment in such securities of the type communicated and assume therisks associated therewith.

CONFIDENTIAL INFO: This communication is confidential and is intended solely for the addressee. It is not to be forwarded to any other person orcopied without the permission of the sender. Please notify the sender in the event you have received this communication in error.

NO SOLICITATION OR PERSONAL ADVICE: This communication is provided for information purposes only. It is not a personalrecommendation or an offer to sell or a solicitation to buy the securities mentioned. Investors should obtain independent professional advice beforemaking an investment.

ASSUMPTIONS, EFFECTIVE DATE AND UPDATES: Certain assumptions may have been made in connection with the analysis presentedherein, so changes to assumptions may have a material impact on the conclusions or statements made in this communication. Facts and viewspresented in this communication have not been reviewed by, and may not reflect information known to, professionals in other business areas of KBW,including investment banking personnel.

The information relating to any company herein is derived from publicly available sources and KBW makes no representation as to the accuracy orcompleteness of such information. Neither KBW nor any of its officers or employees accept any liability whatsoever for any direct, indirect orconsequential damages or losses arising from any use of this report or its content.

This communication has been prepared as of the date of the report.

KBW does not undertake to advise clients of any changes in information, estimates, price targets or ratings, all of which are subject to change withoutnotice. The recipients should assume that KBW will not update any fact, circumstance or opinion contained in this report.

COPYRIGHT: This report is produced for the use of KBW customers and may not be reproduced, re-distributed or passed to any other person orpublished in whole or in part for any purpose without the prior consent of KBW.


July 6, 2010


large cap banks - politico · unlike the capital purchase program, financial institutions will be...

Documents