Sterling Bancshares
Sterling Bancshares returned its bailout funds on May 5, 2009
| Disbursed | $125,198,000 |
| Returned | $125,198,000 |
| Revenue to Gov't | $5,494,462 |
| Profit | $5,494,462 |
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Map: Corporate headquarters of Sterling Bancshares.
Houston,
Texas
See all recipients in Texas
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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.
- Our bailout recipient list tracks the companies to which Treasury has committed money.
Events
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$3M Revenue
Jun. 9, 2010 Warrant Proceeds
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$2M 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 -
$125M Payback
May 5, 2009
Part of Capital Purchase ProgramMore info from news.prnewswire.com -
$125M Bailout
Dec. 12, 2008 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from biz.yahoo.com
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 06/09/2010 | Warrant | $3,007,891 | CPP | Warrant Proceeds |
| 05/31/2009 | Dividend | $2,486,571 | CPP | Dividends Paid Through 5/31/2009 |
| 05/05/2009 | Refund | $125,198,000 | CPP | |
| 12/12/2008 | Purchase | $125,198,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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