ADVFN - Advanced Financial Network.
HOME» NASDAQ » W » WIBC Stock Price » WIBC Stock News

Wilshire Bancorp Share News

 Wilshire Bancorp (mm) Stock Price
WIBC Stock Price
 Wilshire Bancorp (mm) Stock Chart
WIBC Stock Chart
 Wilshire Bancorp (mm) Stock News
WIBC Stock News
 Wilshire Bancorp (mm) Company Information
WIBC Company Information
 Wilshire Bancorp (mm) Stock Trades
WIBC Stock Trades

Treasury Loses Money In Auction Of Six Small-Bank Shares

By Andrew Ackerman Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- The Treasury Department on Thursday announced that it lost money in the public offering of its preferred stock in six small banks this week, though the department netted a profit when counting dividends and interest paid on the investments made during the financial crisis. In the first-ever auction of preferred stock through the Troubled Asset Relief Program, the Treasury recouped about $362 million of the $410.9 million it invested in the six small banks. But the department said total income to taxpayers--counting dividends and interest along with auction proceeds--was $426.4 million. More than three years after the launch of TARP, the federal government still owns stakes in about 350 banks. While the biggest institutions have long since paid back their rescue funding, many smaller banks have been slow to exit the government. The divide in part reflects the difficulties faced by many Main Street banks, often saddled with poorly performing commercial real estate loans and limited ability to raise new funds. Together with weak regional economies and a tough lending environment, the banks have not been able to exit TARP. Before this week's transactions, $16.42 billion was outstanding under TARP's Capital Purchase Program, the main federal effort to help stabilize financial markets. The Treasury sold its stakes in six banks as it looks to recoup its investment. The six have kept up on dividend and interest payments to the Treasury, making them relatively healthy compared with institutions that have skipped payments in an effort to hold on to cash. The six banks were Banner Corp. (BANR) of Walla Walla, Wash., First Financial Holdings Inc. (FFCH) of Charleston, S.C.; MainSource Financial Group Inc. (MSFG) of Greensburg, Ind.; Seacoast Banking Corp. of Florida (SBCF) of Stuart, Fla.; Wilshire Bancorp Inc. (WIBC) of Los Angeles; and WSFS Financial Corp. (WSFS) of Wilmington, Del. -By Andrew Ackerman; Dow Jones Newswires; 202-569-8390;

Stock News for Wilshire Bancorp (WIBC)
11/20/201512:29:23Current Report Filing (8-k)
11/20/201508:00:00Wilshire Bancorp Declares $0.06 Cash Dividend
11/02/201514:48:47Quarterly Report (10-q)
10/26/201512:25:11Current Report Filing (8-k)
10/20/201519:41:08Wilshire Bancorp's (WIBC) CEO Jae Whan Yoo on Q3 2015 Results...
10/19/201516:05:00Wilshire Bancorp Reports Net Income of $13.3 Million or $0.17...
10/06/201519:06:45Statement of Changes in Beneficial Ownership (4)
10/06/201518:26:36Statement of Changes in Beneficial Ownership (4)
10/06/201516:00:00Wilshire Bancorp, Inc. Announces Third Quarter 2015 Earnings...
09/17/201514:29:07Statement of Changes in Beneficial Ownership (4)
09/04/201512:32:59Statement of Changes in Beneficial Ownership (4)
08/31/201516:49:30Current Report Filing (8-k)
08/28/201514:11:37Statement of Changes in Beneficial Ownership (4)
08/27/201519:55:41Statement of Changes in Beneficial Ownership (4)
08/03/201514:45:51Quarterly Report (10-q)
07/23/201517:24:06Statement of Changes in Beneficial Ownership (4)
06/05/201513:49:03Statement of Changes in Beneficial Ownership (4)
05/29/201514:14:33Current Report Filing (8-k)
05/28/201516:36:09Current Report Filing (8-k)
05/08/201517:07:40Statement of Changes in Beneficial Ownership (4)

Wilshire Bancorp and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations