Connecticut Bank and Trust Company
Connecticut Bank and Trust Company returned its bailout funds on Apr. 19, 2012
| Disbursed | $5,448,000 |
| Returned | $5,448,000 |
| Revenue to Gov't | $1,405,683 |
| Profit | $1,405,683 |
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Map: Corporate headquarters of Connecticut Bank and Trust Company.
Hartford,
Conn.
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Events
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$793K Revenue
Apr. 19, 2012 Warrant Proceeds
On 4/20/2012, Treasury completed the sale of all The Connecticut Bank and Trust Company preferred stock held by Treasury to Berkshire Bank for an aggregate purchase price of $6,289,966.33 consisting of (a) (i) $5,448,000.00 for the preferred stock plus (ii) all accrued and unpaid dividends and (b) $792,783.00 for the Warrant, pursuant to the terms of the agreement by and among Treasury, The Connecticut Bank and Trust Company, and Berkshire Bank entered into on 4/19/2012.
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$5M Payback
Apr. 19, 2012 Repayment
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$68K Revenue
Nov. 15, 2011 Dividend - Non-Cumulative
Part of Capital Purchase Program -
$68K Revenue
Aug. 16, 2011 Dividend - Non-Cumulative
Part of Capital Purchase Program -
$68K Revenue
May 16, 2011 Dividend - Non-Cumulative
Part of Capital Purchase Program -
$68K Revenue
Feb. 15, 2011 Dividend - Non-Cumulative
Part of Capital Purchase Program -
$68K Revenue
Nov. 15, 2010 Dividend - Non-Cumulative
Part of Capital Purchase Program -
$68K Revenue
Aug. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$68K Revenue
May 17, 2010 Dividends payment
Part of Capital Purchase Program -
$68K Revenue
Feb. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$68K Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$5M Bailout
Dec. 19, 2008 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 04/19/2012 | Refund | $5,448,000 | CPP | Repayment |
| 04/19/2012 | Warrant | $792,783 | CPP | Warrant Proceeds |
| 11/15/2011 | Dividend | $68,100 | CPP | Dividend - Non-Cumulative |
| 08/16/2011 | Dividend | $68,100 | CPP | Dividend - Non-Cumulative |
| 05/16/2011 | Dividend | $68,100 | CPP | Dividend - Non-Cumulative |
| 02/15/2011 | Dividend | $68,100 | CPP | Dividend - Non-Cumulative |
| 11/15/2010 | Dividend | $68,100 | CPP | Dividend - Non-Cumulative |
| 08/16/2010 | Dividend | $68,100 | CPP | Dividends payment |
| 05/17/2010 | Dividend | $68,100 | CPP | Dividends payment |
| 02/16/2010 | Dividend | $68,100 | CPP | Dividends payment |
| 11/16/2009 | Dividend | $68,100 | CPP | Dividends payment |
| 12/19/2008 | Purchase | $5,448,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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