American International Group, Inc. (AIG) said that the U.S. Department of the Treasury has purchased four million shares of AIG Series D Preferred Stock and a warrant to purchase a number of shares of common stock of AIG equal to 2 percent of the issued and outstanding shares of common stock of AIG on the [...]
VIST Financial Corp. announced today that the US Treasury granted preliminary approval to VIST for $25 million in capital as part of the U.S. Treasury Department’s Capital Purchase Program.
“We believe that participation in the Capital Purchase Program, which is targeted to qualifying financial institutions, is in the best interest of our shareholders,” said Robert [...]
Susquehanna Bancshares, Inc. (Susquehanna) has received preliminary approval to participate in the U.S. Treasury Department’s voluntary Capital Purchase Program.
Under the program, Susquehanna applied for and will receive $300 million in capital and in return will issue the Treasury $300 million in shares of Susquehanna preferred stock and warrants to purchase $45 million of Susquehanna [...]
Principal Financial Group, Inc. announced that it has applied to participate in the U.S. Department of the Treasury’s Capital Purchase Program (TCPP), as a savings and loan holding company subject to oversight of the Office of Thrift Supervision. If The Principal participates in TCPP, the company would issue preferred shares and warrants to the Treasury. [...]
The Hartford Financial Services Group, Inc. announced that it has applied to the Office of Thrift Supervision (OTS) to become a savings and loan holding company and has applied to participate in the U.S. Treasury Department’s Capital Purchase Program (CPP).
In conjunction with these applications, The Hartford has signed a merger agreement to acquire the [...]
The following is the text of a letter sent yesterday to Secretary of the Treasury Henry M. Paulson, Jr. by John J. Degnan, Vice Chairman and Chief Operating Officer of The Chubb Corporation
October 28, 2008
The Honorable Henry M. Paulson, Jr.
Secretary of the Treasury
[...]
The Annual Meeting of Shareholders of American International Group, Inc. (AIG) will be audio webcast live at www.aigwebcast.com on Tuesday, June 30, 2009 at 10:00 a.m. EDT.
Shareholders planning to attend the Annual Meeting should bring photo identification. In addition, if shares are held in “street name” shareholders should bring an account statement or other acceptable [...]
Pitney Bowes Business Insight (PBBI), one of the leading global provider of location and communication intelligence offerings, today announced that its GeoTAX® Insurance Premium Tax solution has been officially verified by the Kentucky Department of Insurance. Under a recent change in state legislation, Kentucky now requires that insurance carriers use a verified geo-spatial database that [...]
Advanced Settlements, Inc., one of the oldest and largest life settlement brokers in the nation, has created a Global Capital Markets Department to further its goal of increasing financing to settle policies. “The main function of the Global Capital Markets Department is to explore new funding sources for our customers,” said Scott Kirby, Co-President of [...]
Surrey Bancorp announced that it has raised $2 million in capital as a result of its participation in the U.S. Treasury’s Capital Purchase Program of the Emergency Economic Stabilization Act of 2008.
The Company issued 2,000 shares of Surrey Bancorp preferred stock at a 5 percent annual dividend rate for the first five years, increasing to [...]
