Seacoast Banking Corp

$50,000,000
Committed
0.3%
of Bank bailout commitment
0.1% >
of total bailout commitment.
Disbursed $50,000,000
Returned $40,404,700
Revenue to Gov't $7,627,430
Net Outstanding $1,967,870

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Map: Corporate headquarters of Seacoast Banking Corp.
Stuart, Fla.
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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 .

More...

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

Events

  • $40M Payback

    Mar. 28, 2012 Partial Repayment

    On 3/28/2012, Treasury executed an underwriting agreement for the sale of 2,000 shares of Seacoast Banking Corporation of Florida preferred stock at $20,510.00 per share (less underwriting discounts) for net proceeds of $40,404,700.00 plus accrued and unpaid dividends.

    More info from www.treasury.gov

  • $625K Revenue

    Nov. 14, 2011 Dividend - Cumulative

  • $7M Revenue

    Aug. 15, 2011 Dividend - Cumulative

  • $389K Revenue

    May 31, 2009 Dividends Paid Through 5/31/2009

    This amount reflects the sum of dividends paid up to 5/31/2009

  • $50M Bailout

    Dec. 19, 2008 Purchase - Preferred Stock w/ Warrants

    More info from biz.yahoo.com

Date Type Amount Program Description
03/28/2012 Refund $40,404,700 CPP Partial Repayment
11/14/2011 Dividend $625,000 CPP Dividend - Cumulative
08/15/2011 Dividend $6,613,541 CPP Dividend - Cumulative
05/31/2009 Dividend $388,889 CPP Dividends Paid Through 5/31/2009
12/19/2008 Purchase $50,000,000 CPP Purchase - Preferred Stock w/ Warrants

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