State Bancorp
State Bancorp returned its bailout funds on Dec. 14, 2011
| Disbursed | $36,842,000 |
| Returned | $36,842,000 |
| Revenue to Gov't | $5,572,352 |
| Profit | $5,572,352 |
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Map: Corporate headquarters of State Bancorp.
New Hyde Park,
N.Y.
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As a result of the acquisition of State Bancorp, Inc. (the acquired company) by Valley National Bancorp (the acquiror), the warrant issued by the acquired company on 12/5/2008 was exchanged for a like security of the acquiror, pursuant to the terms of an agreement among Treasury, the acquired company and the acquiror entered into on 1/1/2012.
Events
-
$148K Revenue
Dec. 14, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$37M Payback
Dec. 14, 2011 Repayment
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$461K Revenue
Nov. 15, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$461K Revenue
Aug. 15, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$461K Revenue
May 16, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$461K Revenue
Feb. 15, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$461K Revenue
Nov. 15, 2010 Dividend - Cumulative
Part of Capital Purchase Program -
$461K Revenue
Aug. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$461K Revenue
May 17, 2010 Dividends payment
Part of Capital Purchase Program -
$461K Revenue
Feb. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$461K Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$461K Revenue
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of Capital Purchase Program -
$819K 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 -
$37M Bailout
Dec. 5, 2008 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 12/14/2011 | Refund | $36,842,000 | CPP | Repayment |
| 12/14/2011 | Dividend | $148,391 | CPP | Dividend - Cumulative |
| 11/15/2011 | Dividend | $460,525 | CPP | Dividend - Cumulative |
| 08/15/2011 | Dividend | $460,525 | CPP | Dividend - Cumulative |
| 05/16/2011 | Dividend | $460,525 | CPP | Dividend - Cumulative |
| 02/15/2011 | Dividend | $460,525 | CPP | Dividend - Cumulative |
| 11/15/2010 | Dividend | $460,525 | CPP | Dividend - Cumulative |
| 08/16/2010 | Dividend | $460,525 | CPP | Dividends payment |
| 05/17/2010 | Dividend | $460,525 | CPP | Dividends payment |
| 02/16/2010 | Dividend | $460,525 | CPP | Dividends payment |
| 11/16/2009 | Dividend | $460,525 | CPP | Dividends payment |
| 08/17/2009 | Dividend | $460,525 | CPP | Dividends Paid in Aug. 2009 |
| 05/31/2009 | Dividend | $818,711 | CPP | Dividends Paid Through 5/31/2009 |
| 12/05/2008 | Purchase | $36,842,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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