Sterling Financial Corp
Spokane,
Wash. |
See all recipients in Washington
This investment resulted in a loss to taxpayers. See below for details.
| $303M Disbursed |
| $113M Returned |
| $7.56M Revenue to Gov't |
| $182M Net Outstanding |
| $303M Committed |
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Events
-
$825K Revenue
Sep. 19, 2012 Warrant Proceeds
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$113M Payback
Aug. 14, 2012 Partial Repayment
On 8/20/2012, Treasury completed the sale of 5,738,637 split adjusted shares of Sterling Financial Corporation common stock at $20.00 per share (less underwriting discounts) for net proceeds of $113,338,080.75, pursuant to an underwriting agreement executed on 8/14/2012.
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$6.73M 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 -
$303M Bailout
Dec. 5, 2008 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 09/19/2012 | Warrant | $825,000 | CPP | Warrant Proceeds |
| 08/14/2012 | Refund | $113,338,081 | CPP | Partial Repayment |
| 05/31/2009 | Dividend | $6,733,333 | CPP | Dividends Paid Through 5/31/2009 |
| 12/05/2008 | Purchase | $303,000,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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