Posts for Ticker ‘HMNF’

Regional Banks Already Registering TARP Shares & Warrants (HMNF, MFSF, STL, CJBK, GRNB, PVSA, FISI, TSBK, IBOC)

Money_stack_pic_4We have perused many SEC filings over the years, but it seems that the flood gates are starting to open where regional banks and smaller banks are filing with the SEC to raise capital.  Each one of these look like the securities being registered are cumulative preferred shares and warrants to buy stock under the Fed’s Troubled Asset Relief Program.  But seeing the magnitude of filers and the nominal amounts mentioned is starting to show just how widespread this need for capital is.  Below is a list of the filings we saw from today alone:

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Posted on: January 22, 2009 – 5:26 pm in Banking, Secondary Offering, , , , , , , , ,