Posts for Ticker ‘UBCP’

Community Banks Refusing TARP Funds (AUBN, HARL, UBCP, AMNB, KRNY)

Money_stack_picIn a time of trouble, crisis, and inability to raise capital, there are many banks out there which have decided to refuse the government’s bailout TARP funds.  These banks appear to be more solid than many of the troubled banks, and interestingly enough their stocks have by and large held up better.  We compiled a list of smaller community banks which have refused to participate in TARP funds.  Some of these banks are Auburn National Bancorporation, Inc. (NASDAQ: AUBN), Harleysville Savings Financial Corp. (NASDAQ:HARL), United Bancorp, Inc. (Nasdaq: UBCP), American National Bankshares Inc. (Nasdaq: AMNB), and Kearny Financial Corp. (NASDAQ:KRNY).  Below are the ratios and explanations for each.

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Posted on: November 28, 2008 – 8:02 am in Banking, Financial Stocks, Regulation, , , , ,