BCSB Bancorp, Inc. Receives Preliminary Approval To Participate In The U.S. Treasury Capital Purchase Program
"We are pleased to be a part of this program," commented
The CPP is a voluntary program available only to financially sound institutions to build capital levels to support the U.S. economy by increasing the amount of available credit to businesses and consumers. As a participant in the CPP, BCSB Bancorp, Inc. could receive up to
Participation in the program is subject to the Treasury Department's standard terms and conditions, and sale of preferred shares is subject to the completion and review of necessary documentation.
Founded in 1955, Baltimore County Savings Bank operates under its holding company, BCSB Bancorp, Inc. and provides regional community banking solutions through 18 locations across the
This press release contains statements that are forward-looking, as that term is defined by the Private Securities Litigation Reform Act of 1995 or the Securities and Exchange Commission in its rules, regulations and releases. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. All forward-looking statements are based on current expectations regarding important risk factors, including but not limited to real estate values, market conditions, the impact of interest rates on financing, and local and national economic factors. Accordingly, actual results may differ from those expressed in the forward-looking statements, and the making of such statements should not be regarded as a representation by the Company or any other person that results expressed herein will be achieved.
SOURCE BCSB Bancorp, Inc.