ProPublica

Journalism in the Public Interest

Parkvale Financial Corp

Monroeville, Pa. | See all recipients in Pennsylvania
$31.8M Disbursed
$31.8M Returned
$11M Revenue to Gov't
$11M Profit
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On 1/3/2012, Treasury completed (i) the sale to F.N.B. Corporation (“F.N.B.”) of all of the preferred stock that had been issued to Parkvale Financial Corporation (“Parkvale”) by Treasury for a purchase price of $31,762,000 plus accrued dividends and (ii) the exchange of the Parkvale warrant held by Treasury for a like F.N.B. warrant, pursuant to the terms of the agreement between Treasury and F.N.B. entered into on 12/29/2011 in connection with the merger of Parkvale and F.N.B. effective 01/01/2012.

Events

Date Type Amount Program Description
05/27/2015 Warrant $6,212,010 CPP Warrant Proceeds
01/03/2012 Refund $31,762,000 CPP Repayment
01/03/2012 Dividend $211,747 CPP Dividend - Cumulative
11/15/2011 Dividend $397,025 CPP Dividend - Cumulative
08/15/2011 Dividend $397,025 CPP Dividend - Cumulative
05/16/2011 Dividend $397,025 CPP Dividend - Cumulative
02/15/2011 Dividend $397,025 CPP Dividend - Cumulative
11/15/2010 Dividend $397,025 CPP Dividend - Cumulative
08/16/2010 Dividend $397,025 CPP Dividends payment
05/17/2010 Dividend $397,025 CPP Dividends payment
02/16/2010 Dividend $397,025 CPP Dividends payment
11/16/2009 Dividend $397,025 CPP Dividends payment
08/17/2009 Dividend $397,025 CPP Dividends Paid in Aug. 2009
05/31/2009 Dividend $626,417 CPP Dividends Paid Through 5/31/2009
12/23/2008 Purchase $31,762,000 CPP Purchase - Preferred Stock w/ Warrants

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