Carrollton Bancorp (CRRB) announced that it has received preliminary approval from the U.S. Department of the Treasury to participate in the Capital Purchase Program.
The Treasury has approved the purchase of up to $9.2 million in senior preferred stock of Carrollton Bancorp with a 5% annual dividend for five years, and 9% thereafter. In addition, the Treasury will receive warrants to purchase up to $1.4 million of the Bancorp common stock.
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