Union First Market Bankshares Corporation
Union First Market Bankshares Corporation returned its bailout funds on Dec. 7, 2011
| Disbursed | $92,900,000 |
| Returned | $94,595,000 |
| Revenue to Gov't | $8,385,832 |
| Profit | $10,080,832 |
Jump to table of transactions
Map: Corporate headquarters of Union First Market Bankshares Corporation.
Bowling Green,
Va.
See all recipients in Virginia
Find bailouts in your state:
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
-
$113K Revenue
Dec. 7, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$36M Payback
Dec. 7, 2011 Repayment
On 2/1/2010, following the acquisition of First Market Bank (First Market) by Union Bankshares Corporation (the acquiror), the preferred stock and exercised warrants issued by First Market on 2/6/2009 were exchanged for a like amount of securities of the acquiror in a single series but with a blended dividend rate equivalent to those of Treasury's.
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$462K Revenue
Nov. 15, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$462K Revenue
Aug. 15, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$462K Revenue
May 16, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$462K Revenue
Feb. 15, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$462K Revenue
Nov. 15, 2010 Dividend - Cumulative
Part of Capital Purchase Program -
$462K Revenue
Aug. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$462K Revenue
May 17, 2010 Dividends payment
Part of Capital Purchase Program -
$72K Revenue
Feb. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$390K Revenue
Feb. 1, 2010 Dividends payment
Part of Capital Purchase Program -
$450K Revenue
Dec. 23, 2009 Warrant Proceeds
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$59M Payback
Nov. 18, 2009
Part of Capital Purchase ProgramMore info from www.snl.com -
$462K Revenue
Nov. 16, 2009 Dividend Payment
Part of Capital Purchase Program -
$762K Revenue
Nov. 16, 2009 Dividend Payment
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$738K Revenue
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of Capital Purchase Program -
$462K Revenue
Aug. 17, 2009 Dividend Payment
Part of Capital Purchase Program -
$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 -
$508K Revenue
May 31, 2009 Dividends Paid Through 5/31/2009
Part of Capital Purchase Program -
$34M Bailout
Feb. 6, 2009 Preferred Stock
This amount was originally invested in First Market Bank, which was acquired in 2010 by Union Bankshares.
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$59M Bailout
Dec. 19, 2008 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from money.cnn.com
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 12/07/2011 | Refund | $35,595,000 | CPP | Repayment |
| 12/07/2011 | Dividend | $112,906 | CPP | Dividend - Cumulative |
| 11/15/2011 | Dividend | $461,888 | CPP | Dividend - Cumulative |
| 08/15/2011 | Dividend | $461,888 | CPP | Dividend - Cumulative |
| 05/16/2011 | Dividend | $461,888 | CPP | Dividend - Cumulative |
| 02/15/2011 | Dividend | $461,888 | CPP | Dividend - Cumulative |
| 11/15/2010 | Dividend | $461,888 | CPP | Dividend - Cumulative |
| 08/16/2010 | Dividend | $461,888 | CPP | Dividends payment |
| 05/17/2010 | Dividend | $461,888 | CPP | Dividends payment |
| 02/16/2010 | Dividend | $71,849 | CPP | Dividends payment |
| 02/01/2010 | Dividend | $390,038 | CPP | Dividends payment |
| 12/23/2009 | Warrant | $450,000 | CPP | Warrant Proceeds |
| 11/18/2009 | Refund | $59,000,000 | CPP | |
| 11/16/2009 | Dividend | $461,888 | CPP | Dividend Payment |
| 11/16/2009 | Dividend | $762,083 | CPP | Dividend Payment |
| 08/17/2009 | Dividend | $461,888 | CPP | Dividend Payment |
| 08/17/2009 | Dividend | $737,500 | CPP | Dividends Paid in Aug. 2009 |
| 05/31/2009 | Dividend | $508,076 | CPP | Dividends Paid Through 5/31/2009 |
| 05/31/2009 | Dividend | $1,196,389 | CPP | Dividends Paid Through 5/31/2009 |
| 02/06/2009 | Purchase | $33,900,000 | CPP | Preferred Stock |
| 12/19/2008 | Purchase | $59,000,000 | CPP | Purchase - Preferred Stock w/ Warrants |
For our blog, resources and more, see our main bailout page.