BancIndependent
BancIndependent returned its bailout funds on Jul. 14, 2011
| Disbursed | $21,100,000 |
| Returned | $21,100,000 |
| Revenue to Gov't | $3,741,412 |
| Profit | $3,741,412 |
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Map: Corporate headquarters of BancIndependent.
Sheffield,
Ala.
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Events
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$188K Revenue
Jul. 14, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$1M Revenue
Jul. 14, 2011 Warrant Proceeds
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$21M Payback
Jul. 14, 2011 Repayment
Repayment pursuant to Title VII, Section 7001(g) of the American Recovery and Reinvestment Act of 2009 using proceeds received in connection with the institution’s participation in the Small Business Lending Fund.
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$287K Revenue
May 16, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$287K Revenue
Feb. 15, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$287K Revenue
Nov. 15, 2010 Dividend - Cumulative
Part of Capital Purchase Program -
$287K Revenue
Aug. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$287K Revenue
May 17, 2010 Dividends payment
Part of Capital Purchase Program -
$287K Revenue
Feb. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$287K Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$287K Revenue
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of Capital Purchase Program -
$198K Revenue
May 31, 2009 Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
Part of Capital Purchase Program -
$21M Bailout
Mar. 13, 2009 Purchase - Preferred Stock w/ Exercised Warrants
Part of Capital Purchase ProgramMore info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 07/14/2011 | Refund | $21,100,000 | CPP | Repayment |
| 07/14/2011 | Warrant | $1,055,000 | CPP | Warrant Proceeds |
| 07/14/2011 | Dividend | $188,464 | CPP | Dividend - Cumulative |
| 05/16/2011 | Dividend | $287,488 | CPP | Dividend - Cumulative |
| 02/15/2011 | Dividend | $287,488 | CPP | Dividend - Cumulative |
| 11/15/2010 | Dividend | $287,488 | CPP | Dividend - Cumulative |
| 08/16/2010 | Dividend | $287,488 | CPP | Dividends payment |
| 05/17/2010 | Dividend | $287,488 | CPP | Dividends payment |
| 02/16/2010 | Dividend | $287,488 | CPP | Dividends payment |
| 11/16/2009 | Dividend | $287,488 | CPP | Dividends payment |
| 08/17/2009 | Dividend | $287,488 | CPP | Dividends Paid in Aug. 2009 |
| 05/31/2009 | Dividend | $198,047 | CPP | Dividends Paid Through 5/31/2009 |
| 03/13/2009 | Purchase | $21,100,000 | CPP | Purchase - Preferred Stock w/ Exercised Warrants |
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