ProPublica

Journalism in the Public Interest

Sonoma Valley Bancorp

Sonoma, Calif. | See all recipients in California

This investment resulted in a loss to taxpayers. See below for details.

$8.65M Disbursed
$150K Returned
$347K Revenue to Gov't
$8.16M Net Outstanding
$8.65M Committed
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On 8/20/2010, Sonoma Valley Bank, Sonoma, CA, the banking subsidiary of Sonoma Valley Bancorp, was closed by the California Department of Financial Institutions, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.

Events

  • $150K Payback

    Jun. 15, 2016 Partial Repayment

    Sonoma Valley Bancorp was liquidated and dissolved pursuant to the provision of the California Corporations Code. As part of that liquidation and dissolution, UST received a distribution of $150,000 from Sonoma Valley Bancorp on 6/15/2016.

  • $118K Revenue

    Nov. 13, 2009 Dividends payment

  • $118K Revenue

    Aug. 14, 2009 Dividends Paid in Aug. 2009

  • $111K Revenue

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

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

  • $8.65M Bailout

    Feb. 20, 2009 Purchase - Preferred Stock w/ Exercised Warrants

    More info from biz.yahoo.com

Date Type Amount Program Description
06/15/2016 Refund $150,000 CPP Partial Repayment
11/13/2009 Dividend $117,905 CPP Dividends payment
08/14/2009 Dividend $117,905 CPP Dividends Paid in Aug. 2009
05/31/2009 Dividend $111,354 CPP Dividends Paid Through 5/31/2009
02/20/2009 Purchase $8,653,000 CPP Purchase - Preferred Stock w/ Exercised Warrants

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