Whitney Holding Corp
Whitney Holding Corp returned its bailout funds on Jun. 3, 2011
| Disbursed | $300,000,000 |
| Returned | $300,000,000 |
| Revenue to Gov't | $43,733,333 |
| Profit | $43,733,333 |
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Map: Corporate headquarters of Whitney Holding Corp.
New Orleans,
La.
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Events
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$300M Payback
Jun. 3, 2011 Repayment
On 6/3/2011, Treasury completed the sale of all Whitney Holding Corporation preferred stock and the related warrant held by Treasury to Hancock Holding Company ("HHC") for an aggregate purchase price equal to (i) the par amount of the preferred stock ($300,000,000) plus accrued and unpaid dividends thereon and (ii) $6,900,000 for the warrant, pursuant to the terms of the agreement between Treasury and HHC entered into on 6/3/2011.
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$750K Revenue
Jun. 3, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$7M Revenue
Jun. 3, 2011 Warrant Proceeds
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$4M Revenue
May 16, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$4M Revenue
Feb. 15, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$4M Revenue
Nov. 15, 2010 Dividend - Cumulative
Part of Capital Purchase Program -
$4M Revenue
Aug. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$4M Revenue
May 17, 2010 Dividends payment
Part of Capital Purchase Program -
$4M Revenue
Feb. 12, 2010 Dividends payment
Part of Capital Purchase Program -
$4M Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$4M Revenue
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of Capital Purchase Program -
$6M 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 -
$300M Bailout
Dec. 19, 2008 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 06/03/2011 | Refund | $300,000,000 | CPP | Repayment |
| 06/03/2011 | Warrant | $6,900,000 | CPP | Warrant Proceeds |
| 06/03/2011 | Dividend | $750,000 | CPP | Dividend - Cumulative |
| 05/16/2011 | Dividend | $3,750,000 | CPP | Dividend - Cumulative |
| 02/15/2011 | Dividend | $3,750,000 | CPP | Dividend - Cumulative |
| 11/15/2010 | Dividend | $3,750,000 | CPP | Dividend - Cumulative |
| 08/16/2010 | Dividend | $3,750,000 | CPP | Dividends payment |
| 05/17/2010 | Dividend | $3,750,000 | CPP | Dividends payment |
| 02/12/2010 | Dividend | $3,750,000 | CPP | Dividends payment |
| 11/16/2009 | Dividend | $3,750,000 | CPP | Dividends payment |
| 08/17/2009 | Dividend | $3,750,000 | CPP | Dividends Paid in Aug. 2009 |
| 05/31/2009 | Dividend | $6,083,333 | CPP | Dividends Paid Through 5/31/2009 |
| 12/19/2008 | Purchase | $300,000,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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