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Monarch Bank Secures 6.785M TARP Investment
Monarch Community Bancorp received a 6.785 million U.S. Treasury investment under the Capital Purchase Program for 6,785 preferred shares and warrants to buy 260,962 Monarch common shares at 3.90 each. The move aims to strengthen capital, expand lending, aid distressed borrowers, and support community banking while subject to executive pay and governance conditions. The program also includes FDIC reporting requirements and TAGP guarantees alongside limits on buybacks and dividends.
MENTIONED IN THIS ARTICLE
Lanyage One Community Bank
U.S. Treasury
Monarch Community Bancorp, Inc
The
Treasury
Federal Reserve and Financial Service
Monarch Community Bank
Congress