BCSB receives $10.8 million federal investment
BCSB Bancorp Inc., the parent company of Baltimore County Savings Bank, said this week that it has received $10.8 million under the Treasury Department’s Capital Purchase Program.
The program is intended to support banks the government deems “healthy” and encourage them to continue lending. The investment represents 3 percent of the company’s assets as of Sept. 30.
“This infusion of capital provides an additional measure of liquidity that will enable us to help both new and existing loan and deposit customers manage through these difficult times as well as enable us to continue our long-term initiatives,” bank President Joseph Bouffard said.
Constellation Energy Group Chairman, President and Chief Executive Officer Mayo Shattuck and two other company executives increased their holdings in the company this week following its $4.5 billion investment agreement with French company Electricite de France.
Shattuck bought 10,000 shares of Constellation common stock Monday for approximately $243,000, according to a regulatory filing. Shattuck had nearly $48 million in company stock as of Sept. 19.
Michael Wallace, vice chairman of Constellation’s board and chairman of UniStar Nuclear Energy, a partnership between Constellation and EDF, also bought 10,000 shares on the same day.
Charles Berardesco, the company’s general counsel and a senior vice president, bought 1,000 shares for approximately $24,600 on Tuesday, according to regulatory filings.
– Compiled by Aaron Cahall
BCSB Bancorp Inc., the parent company of Baltimore County Savings Bank, said this week that it has received $10.8 million under the Treasury Department’s Capital Purchase Program.
The program is intended to support banks the government deems “healthy” and encourage them to continue lending. The investment represents 3 percent of the company’s assets as of Sept. 30.
“This infusion of capital provides an additional measure of liquidity that will enable us to help both new and existing loan and deposit customers manage through these difficult times as well as enable us to continue our long-term initiatives,” bank President Joseph Bouffard said.
Shattuck, Constellation execs up stake in company
Constellation Energy Group Chairman, President and Chief Executive Officer Mayo Shattuck and two other company executives increased their holdings in the company this week following its $4.5 billion investment agreement with French company Electricite de France.
Shattuck bought 10,000 shares of Constellation common stock Monday for approximately $243,000, according to a regulatory filing. Shattuck had nearly $48 million in company stock as of Sept. 19.
Michael Wallace, vice chairman of Constellation’s board and chairman of UniStar Nuclear Energy, a partnership between Constellation and EDF, also bought 10,000 shares on the same day.
Charles Berardesco, the company’s general counsel and a senior vice president, bought 1,000 shares for approximately $24,600 on Tuesday, according to regulatory filings.
– Compiled by Aaron Cahall
