The Treasury Department handed out $1.9 billion to 43 banks late Tuesday afternoon to prop up their capital base and help strengthen the U.S. financial system. The largest receipt, Synovus Financial Corp., Columbus, Ga., received a $968 million capital infusion. Monadnock Bancorp, Peterborough, N.H., received $1.8 million, the smallest allotment of Treasury's Troubled Asset Relief Program funds. So far, Treasury has allocated $250 million of TARP funds for its capital infusion program and it has handed out $162 billion to banks so far.
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