Sovereign Bancshares
Sovereign Bancshares returned its bailout funds on Sep. 22, 2011
| Disbursed | $18,215,000 |
| Returned | $18,215,000 |
| Revenue to Gov't | $3,417,669 |
| Profit | $3,417,669 |
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Map: Corporate headquarters of Sovereign Bancshares.
Dallas,
Texas
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Events
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$102K Revenue
Sep. 22, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$911K Revenue
Sep. 22, 2011 Warrant Proceeds
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$18M Payback
Sep. 22, 2011 Repayment
Repayment pursuant to Title VII, Section 7001(g) of the American Recovery and Reinvestment Act of 2009 using proceeds received in connection with the institution’s participation in the Small Business Lending Fund.
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$248K Revenue
Aug. 15, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$248K Revenue
May 16, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$248K Revenue
Feb. 15, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$248K Revenue
Nov. 15, 2010 Dividend - Cumulative
Part of Capital Purchase Program -
$248K Revenue
Aug. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$248K Revenue
May 17, 2010 Dividends payment
Part of Capital Purchase Program -
$248K Revenue
Feb. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$248K Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$248K Revenue
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of Capital Purchase Program -
$171K 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 -
$18M Bailout
Mar. 13, 2009 Purchase - Preferred Stock w/ Exercised Warrants
Part of Capital Purchase ProgramMore info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 09/22/2011 | Refund | $18,215,000 | CPP | Repayment |
| 09/22/2011 | Warrant | $911,000 | CPP | Warrant Proceeds |
| 09/22/2011 | Dividend | $102,032 | CPP | Dividend - Cumulative |
| 08/15/2011 | Dividend | $248,185 | CPP | Dividend - Cumulative |
| 05/16/2011 | Dividend | $248,185 | CPP | Dividend - Cumulative |
| 02/15/2011 | Dividend | $248,185 | CPP | Dividend - Cumulative |
| 11/15/2010 | Dividend | $248,185 | CPP | Dividend - Cumulative |
| 08/16/2010 | Dividend | $248,185 | CPP | Dividends payment |
| 05/17/2010 | Dividend | $248,185 | CPP | Dividends payment |
| 02/16/2010 | Dividend | $248,185 | CPP | Dividends payment |
| 11/16/2009 | Dividend | $248,185 | CPP | Dividends payment |
| 08/17/2009 | Dividend | $248,185 | CPP | Dividends Paid in Aug. 2009 |
| 05/31/2009 | Dividend | $170,972 | CPP | Dividends Paid Through 5/31/2009 |
| 03/13/2009 | Purchase | $18,215,000 | CPP | Purchase - Preferred Stock w/ Exercised Warrants |
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