PNC Financial Services
PNC Financial Services returned its bailout funds on Feb. 10, 2010
| Disbursed | $7,579,200,000 |
| Returned | $7,579,200,000 |
| Revenue to Gov't | $745,262,352 |
| Profit | $745,262,352 |
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Map: Corporate headquarters of PNC Financial Services.
Pittsburgh,
Pa.
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Stress Tested
This company is among the 19 companies that underwent a "stress test." Regulators determined that it needs to raise $600 million in additional capital.
See the list of all 19 stress-tested companies here.
Events
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$324M Revenue
Apr. 29, 2010 Warrant Proceeds
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$89M Revenue
Feb. 10, 2010 Dividends payment
Part of Capital Purchase Program -
$8B Payback
Feb. 10, 2010 Repayment
Part of Capital Purchase ProgramMore info from pnc.mediaroom.com -
$95M Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$95M Revenue
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of Capital Purchase Program -
$142M 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 -
May 7, 2009 Federal releases the results of its stress tests
According to the results of the Federal Reserve's "stress tests," 10 of the 19 largest banks will have to raise a total of $74.6 billion in additional capital to withstand a dire economic scenario. Ultimately, all of the banks raise the money privately, with the exception of GMAC.
More info from www.propublica.org -
$8B Bailout
Dec. 31, 2008 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 04/29/2010 | Warrant | $324,195,686 | CPP | Warrant Proceeds |
| 02/10/2010 | Refund | $7,579,200,000 | CPP | Repayment |
| 02/10/2010 | Dividend | $89,476,667 | CPP | Dividends payment |
| 11/16/2009 | Dividend | $94,740,000 | CPP | Dividends payment |
| 08/17/2009 | Dividend | $94,740,000 | CPP | Dividends Paid in Aug. 2009 |
| 05/31/2009 | Dividend | $142,110,000 | CPP | Dividends Paid Through 5/31/2009 |
| 12/31/2008 | Purchase | $7,579,200,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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