Independence Bank

$1,065,000

Committed

0.1% >

of Bank bailout commitment

0.1% >

of total bailout commitment.

Map: Corporate headquarters of Independence Bank.
East Greenwich, R.I.
See all recipients in Rhode Island

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About This Project

We're tracking where the bailout money is going. Our lead bailout reporter – and blogger – is ProPublica's . Lead developer is .

Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.

Our bailout recipient list tracks the companies to which Treasury has committed money.

$15K Revenue

Nov. 8, 2011 Dividend - Non-Cumulative

Part of Capital Purchase Program
$15K Revenue

Aug. 10, 2011 Dividend - Non-Cumulative

Part of Capital Purchase Program
$15K Revenue

May 10, 2011 Dividend - Non-Cumulative

Part of Capital Purchase Program
$15K Revenue

Feb. 14, 2011 Dividend - Non-Cumulative

Part of Capital Purchase Program
$15K Revenue

Nov. 15, 2010 Dividend - Non-Cumulative

Part of Capital Purchase Program
$15K Revenue

Aug. 16, 2010 Dividends payment

Part of Capital Purchase Program
$15K Revenue

May 17, 2010 Dividends payment

Part of Capital Purchase Program
$15K Revenue

Feb. 11, 2010 Dividends payment

Part of Capital Purchase Program
$15K Revenue

Nov. 13, 2009 Dividends payment

Part of Capital Purchase Program
$15K Revenue

Aug. 14, 2009 Dividends Paid in Aug. 2009

Part of Capital Purchase Program
$20K 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
$1M Bailout

Jan. 9, 2009 Purchase - Preferred Stock w/ Exercised Warrants

Part of Capital Purchase Program

More info from www.treasury.gov

Date	Type	Amount	Program	Description
11/08/2011	Dividend	$14,505	CPP	Dividend - Non-Cumulative
08/10/2011	Dividend	$14,505	CPP	Dividend - Non-Cumulative
05/10/2011	Dividend	$14,505	CPP	Dividend - Non-Cumulative
02/14/2011	Dividend	$14,505	CPP	Dividend - Non-Cumulative
11/15/2010	Dividend	$14,505	CPP	Dividend - Non-Cumulative
08/16/2010	Dividend	$14,505	CPP	Dividends payment
05/17/2010	Dividend	$14,505	CPP	Dividends payment
02/11/2010	Dividend	$14,505	CPP	Dividends payment
11/13/2009	Dividend	$14,505	CPP	Dividends payment
08/14/2009	Dividend	$14,505	CPP	Dividends Paid in Aug. 2009
05/31/2009	Dividend	$20,307	CPP	Dividends Paid Through 5/31/2009
01/09/2009	Purchase	$1,065,000	CPP	Purchase - Preferred Stock w/ Exercised Warrants