TowneBank
TowneBank returned its bailout funds on Sep. 22, 2011
| Disbursed | $76,458,000 |
| Returned | $76,458,000 |
| Revenue to Gov't | $10,619,166 |
| Profit | $10,619,166 |
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Map: Corporate headquarters of TowneBank.
Portsmouth,
Va.
See all recipients in Virginia
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Events
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$393K Revenue
Sep. 22, 2011 Dividend - Non-Cumulative
Part of Capital Purchase Program -
$76M Payback
Sep. 22, 2011 Repayment
Repayment pursuant to Title VII, Section 7001(g) of the American Recovery and Reinvestment Act of 2009 - part of the repayment amount obtained from 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 -
$956K Revenue
Aug. 12, 2011 Dividend - Non-Cumulative
Part of Capital Purchase Program -
$956K Revenue
May 16, 2011 Dividend - Non-Cumulative
Part of Capital Purchase Program -
$956K Revenue
Feb. 15, 2011 Dividend - Non-Cumulative
Part of Capital Purchase Program -
$956K Revenue
Nov. 15, 2010 Dividend - Non-Cumulative
Part of Capital Purchase Program -
$956K Revenue
Aug. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$956K Revenue
May 17, 2010 Dividends payment
Part of Capital Purchase Program -
$956K Revenue
Feb. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$956K Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$956K Revenue
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of Capital Purchase Program -
$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 -
$76M Bailout
Dec. 12, 2008 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from biz.yahoo.com
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 09/22/2011 | Refund | $76,458,000 | CPP | Repayment |
| 09/22/2011 | Dividend | $392,909 | CPP | Dividend - Non-Cumulative |
| 08/12/2011 | Dividend | $955,725 | CPP | Dividend - Non-Cumulative |
| 05/16/2011 | Dividend | $955,725 | CPP | Dividend - Non-Cumulative |
| 02/15/2011 | Dividend | $955,725 | CPP | Dividend - Non-Cumulative |
| 11/15/2010 | Dividend | $955,725 | CPP | Dividend - Non-Cumulative |
| 08/16/2010 | Dividend | $955,725 | CPP | Dividends payment |
| 05/17/2010 | Dividend | $955,725 | CPP | Dividends payment |
| 02/16/2010 | Dividend | $955,725 | CPP | Dividends payment |
| 11/16/2009 | Dividend | $955,725 | CPP | Dividends payment |
| 08/17/2009 | Dividend | $955,725 | CPP | Dividends Paid in Aug. 2009 |
| 05/31/2009 | Dividend | $1,624,733 | CPP | Dividends Paid Through 5/31/2009 |
| 12/12/2008 | Purchase | $76,458,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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