Skip to main content
The Trentini Team
my account
site map
our twitterour facebook page
Evansville  Real Estate - Homes For Sale | Indiana Realtors - Agents
Search Evansville & Newburgh, Indiana Properties
Featured Listings
Evansville Real Estate - Homes for Sale | Indiana REALTOR®
Newburgh Real Estate - Homes for Sale | Indiana REALTOR®
Relocating to Southwest Indiana?
Buying and Selling Southwest Indiana Homes
About The Trentini Team - F.C. Tucker Emge REALTORS® - Southwest Indiana REALTOR®

Real Estate Blog
Latest Posts

 Real Estate Blog 
Thursday, March 12 2009
Another Indiana-based bank has received preliminary approval to participate in the U.S. Treasury Department's Capital Purchase Program. American Community Bancorp Inc., which operates the Bank of Evansville, says the federal government is offering to invest up to approximately $7.5 million in newly-issued preferred stock. The company has not decided whether it will take part in the voluntary program.
Bank of Evansville Approved For Treasury Program
American Community Bancorp, Inc. (OTC Bulletin Board: ACBP) (the "Company"), the holding company for Bank of Evansville, announced it has received preliminary approval to participate in the U.S. Treasury Department's Capital Purchase Program (the "Program"), part of the government's effort to restore confidence in the nation's financial system by providing capital to the U.S. banking system. Under this Program, and subject to satisfaction of standard closing conditions, the Treasury Department has offered to invest up to approximately $7.5 million in newly-issued preferred equity stock of American Community Bancorp, Inc.
Michael S. Sutton, President and Chief Executive Officer, commented, "We are pleased to have been approved for the Program. While we have not entered into an agreement with the Treasury Department to participate in this voluntary Program, we are considering the possibility and evaluating Program details at this time."
At December 31, 2008, Bank of Evansville was "well-capitalized" by all regulatory standards.
American Community Bancorp, Inc., through its wholly-owned subsidiary, Bank of Evansville, provides a full range of commercial and consumer banking services in the Evansville, Indiana, area.
Source: Inside INdiana Business & American Community Bancorp Inc.
Posted by: Rolando Trentini AT 01:00 pm   |  Permalink   |  0 Comments  |  Email

Post comment
Email Address

(max 750 characters)
* Required Fields
Note: All comments are subject to approval. Your comment will not appear until it has been approved.

The Trentini Team
7820 Eagle Crest Bvd., Suite 200
Evansville, IN 47715
Office: (812) 479-0801
Cell: (812) 499-9234

Accredited Buyer Representative

Equal Housing Opportunity

Multiple Listing Service?



Pro Step Marketing

The Trentini Team is the sole owner of the information collected on this site. Neither The Trentini Team nor the team associates will sell, share, or rent this confidential information to others. Your privacy is the primary issue for The Trentini Team. 

By submitting personal information such as name, address, phone number, email address and/or additional data, the real estate client/prospect consents that The Trentini Team or their authorized representative may contact client/prospect by phone, U.S. Postal System, or e-mail whether or not client/prospect is participating in a state, federal or other "do not contact" program of any type.
Copyright© 2007 The Trentini Team, REALTOR®, All Rights Reserved.
Site Powered By
    Online web site design