Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

U.S. Treasury to Auction Preferred Stock in 11 Firms Today

Oct. 22 (Bloomberg) -- The U.S. Treasury Department said it would auction preferred stock positions in 11 financial firms acquired under the Troubled Asset Relief Program.

The offerings of TARP Capital Purchase Program securities will price through modified Dutch auctions starting today at 9 a.m. New York time through the submission deadline at 6:30 p.m. tomorrow, the Treasury said in a statement today.

The firms are: Blue Ridge Bancshares Inc., First Gothenburg Bancshares Inc., Blackhawk Bancorp Inc., Germantown Capital Corp., CenterBank, Oak Ridge Financial Services Inc., Congaree Bancshares Inc., Metro City Bank, Peoples Bancshares of TN Inc., Little Bank Inc. and HomeTown Bankshares Corp.

To contact the reporter on this story: Jeff Kearns in Washington at

To contact the editor responsible for this story: Chris Wellisz at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.