The Treasury announces the commencement today of public offerings of preferred stock it holds...

|By:, SA News Editor

The Treasury announces the commencement today of public offerings of preferred stock it holds (courtesy of TARP) in 5 banks - BNCN, FCCO, FXNC, GFED, and MFNC. The auction just started and will close Thursday. The issue warrants study as past history suggests an investment could work out well. (PR)