Parkvale Financial Corp
Parkvale Financial Corp returned its bailout funds on Jan. 3, 2012
| Disbursed | $31,762,000 |
| Returned | $31,762,000 |
| Revenue to Gov't | $4,808,414 |
| Profit | $4,808,414 |
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Map: Corporate headquarters of Parkvale Financial Corp.
Monroeville,
Pa.
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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
-
$212K Revenue
Jan. 3, 2012 Dividend - Cumulative
Part of Capital Purchase Program -
$32M Payback
Jan. 3, 2012 Repayment
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$397K Revenue
Nov. 15, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$397K Revenue
Aug. 15, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$397K Revenue
May 16, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$397K Revenue
Feb. 15, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$397K Revenue
Nov. 15, 2010 Dividend - Cumulative
Part of Capital Purchase Program -
$397K Revenue
Aug. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$397K Revenue
May 17, 2010 Dividends payment
Part of Capital Purchase Program -
$397K Revenue
Feb. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$397K Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$397K Revenue
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of Capital Purchase Program -
$626K 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 -
$32M Bailout
Dec. 23, 2008 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 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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