latest news releases from the newsroom
Lake City Bank
Lakeland Financial Corporation Announces Intent to Participate in Capital Purchase Program
WARSAW, Ind., Dec. 23, 2008 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq:LKFN), parent company of Lake City Bank, announced today that it has received preliminary approval from the U.S. Treasury Department to participate in the Troubled Asset Relief Program (TARP) Capital Purchase Program. The Company has received preliminary approval to issue to the Treasury Department $56 million of senior preferred stock and warrants to acquire shares of its common stock.
Berkshire Hills Bancorp, Inc.
Berkshire Hills Issues Shares in $40 Million U.S. Treasury Capital Purchase
PITTSFIELD, Mass., Dec. 23, 2008 (GLOBE NEWSWIRE) -- Berkshire Hills Bancorp (Nasdaq:BHLB) has issued preferred stock totaling $40 million to the U.S. Department of the Treasury. This issuance is part of the Treasury Department's Capital Purchase Program, under which the Department invests in healthy U.S. financial institutions to encourage financing for U.S. businesses and consumers and to support the U.S. economy. Berkshire is the parent of Berkshire Bank, America's Most Exciting Bank(sm).