Somerset Hills Bancorp
Somerset Hills Bancorp returned its bailout funds on May 20, 2009
| Disbursed | $7,414,000 |
| Returned | $7,414,000 |
| Revenue to Gov't | $402,685 |
| Profit | $402,685 |
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Map: Corporate headquarters of Somerset Hills Bancorp.
Bernardsville,
N.J.
See all recipients in New Jersey
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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 .
- Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.
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Events
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$275K Revenue
Jun. 24, 2009 Warrant Proceeds
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$128K 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 -
$7M Payback
May 20, 2009
Part of Capital Purchase ProgramMore info from finance.yahoo.com -
$7M Bailout
Jan. 16, 2009 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 06/24/2009 | Warrant | $275,000 | CPP | Warrant Proceeds |
| 05/31/2009 | Dividend | $127,686 | CPP | Dividends Paid Through 5/31/2009 |
| 05/20/2009 | Refund | $7,414,000 | CPP | |
| 01/16/2009 | Purchase | $7,414,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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