As The Dust Settles...

Manatt, Phelps & Phillips, LLP
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The coordinated announcements of earlier this week have significantly changed the capital markets landscape for banks and thrifts and their holding companies. One thing is for sure, each institution eligible for consideration under the Capital Purchase Program (CPP) as a potential recipient of a Treasury infusion of capital should be paying careful attention to the details of the announcement and what they may mean for it.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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