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1st Capital Bank
1st Capital Bank Says TARP Capital Not Needed
November 28th, 2008
1st Capital Bank (BULLETIN BOARD: FISB) announced that it will participate in the Excess Deposit Insurance and Debt Guarantee programs sponsored by the FDIC and that it will not participate in the U.S. Treasury Department TARP capital purchase program. C.E.O. Fred Rowden said, "1st Capital Bank is well capitalized, with capital levels well in excess of the regulatory required amount of capital for the Bank to be considered well capitalized. While participation in the capital purchase program is entirely voluntary, there are restrictions and costs associated with that participation. Based on evaluation of its capital position and strategic objectives, management of 1st...
Source: Health Business Week (2008-11-28)
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