Bailout Tally: Treasury Doles Out $45.5M; Bank Pays Back $125.2M

The Treasury Department came out ahead in its bailout effort over the last week.

There were seven more TARP takers this week, totaling $45.5 million:

Village Bank and Trust Financial Corp: $14.7 million
CenterBank: $2.3 million
Georgia Primary Bank: $4.5 million
Union Bank & Trust Company: $3.2 million
HPK Financial Corporation: $4 million
OSB Financial Services: $6.1 million
Security State Bank Holding Company: $10.8 million

These investments are through the Treasury’s program for “healthy banks,” the Capital Purchase Program. The Treasury currently has $197.9 billion invested in more than 550 banks all over the country. You can see the entire list of bailout recipients here.

Of course, bit by bit, banks have been returning bailout funds because of the bailout’s taint and restrictions on executive compensation. Yesterday, the 12th bank returned the money: Sterling Bancshares of Houston returned $125.2 million. The 12 have returned $1.16 billion so far. Lately, Capital Purchase Program investments have slowed down considerably, and more bailout money has been coming back to Treasury than has been going out.

This report originally appeared on the ProPublica blog.