Sun Bancorp
Sun Bancorp returned its bailout funds on Apr. 8, 2009
| Disbursed | $89,310,000 |
| Returned | $89,310,000 |
| Revenue to Gov't | $3,203,970 |
| Profit | $3,203,970 |
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Map: Corporate headquarters of Sun Bancorp.
Vineland,
N.J.
See all recipients in New Jersey
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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.
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Events
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$1M 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 -
$2M Revenue
May 27, 2009 Warrant Proceeds
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$89M Payback
Apr. 8, 2009 Repurchased all 89,310 shares sold under TARP
Part of Capital Purchase ProgramMore info from sunnb.mediaroom.com -
$89M Bailout
Jan. 9, 2009 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from news.prnewswire.com
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 05/31/2009 | Dividend | $1,103,971 | CPP | Dividends Paid Through 5/31/2009 |
| 05/27/2009 | Warrant | $2,100,000 | CPP | Warrant Proceeds |
| 04/08/2009 | Refund | $89,310,000 | CPP | Repurchased all 89,310 shares sold under TARP |
| 01/09/2009 | Purchase | $89,310,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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