Independent Bank Corp
Independent Bank Corp returned its bailout funds on Apr. 22, 2009
| Disbursed | $78,158,000 |
| Returned | $78,158,000 |
| Revenue to Gov't | $3,318,093 |
| Profit | $3,318,093 |
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Map: Corporate headquarters of Independent Bank Corp.
Rockland,
Mass.
See all recipients in Massachusetts
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We're tracking where the bailout money is going. Our lead bailout reporter – and blogger – is ProPublica's . Lead developer is .
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Events
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$1M 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 -
$2M Revenue
May 27, 2009 Warrant Proceeds
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$78M Payback
Apr. 22, 2009
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$78M Bailout
Jan. 9, 2009 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 05/31/2009 | Dividend | $1,118,094 | CPP | Dividends Paid Through 5/31/2009 |
| 05/27/2009 | Warrant | $2,200,000 | CPP | Warrant Proceeds |
| 04/22/2009 | Refund | $78,158,000 | CPP | |
| 01/09/2009 | Purchase | $78,158,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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