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Where is the Money?

Eye on the Bailout

Companies » Bank (Public)

Cadence Financial Corp

$44,000,000
Committed
0.3%
of Bank bailout commitment
0.1% >
of total bailout commitment.
Disbursed $44,000,000
Returned $38,000,000
Revenue to Gov't $3,984,063
Net Outstanding $2,015,937

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Map: Corporate headquarters of Cadence Financial Corp.
Starkville, Miss.
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About This Project

We're tracking where the bailout money is going. Our lead bailout reporter – and blogger – is ProPublica's . Lead developer is .

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  • Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.
Bailout List

Events

  • $1M Revenue

    Mar. 4, 2011 Dividend - Cumulative

    Part of Capital Purchase Program
  • $550K Revenue

    May 17, 2010 Dividends payment

    Part of Capital Purchase Program
  • $38M Payback

    Mar. 4, 2010 Partial Repayment

    Treasury entered into an agreement as of 10/29/2010 with Community Bancorp LLC for the sale of all Preferred Stock and Warrants issued by Cadence Financial Corporation to Treasury for an aggregate purchase price of (i) $38 million plus (ii) accrued and unpaid dividends through the date of the agreement. Completion of the sale is subject to
    the fulfillment of certain closing conditions.

    Part of Capital Purchase Program
    More info from www.treasury.gov

  • $550K Revenue

    Feb. 16, 2010 Dividends payment

    Part of Capital Purchase Program
  • $550K Revenue

    Nov. 16, 2009 Dividends payment

    Part of Capital Purchase Program
  • $550K Revenue

    Aug. 17, 2009 Dividends Paid in Aug. 2009

    Part of Capital Purchase Program
  • $770K 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
  • $44M Bailout

    Jan. 9, 2009 Purchase - Preferred Stock w/ Warrants

    Part of Capital Purchase Program
    More info from www.financialstability.gov

Date Type Amount Program Description
03/04/2011 Dividend $1,014,063 CPP Dividend - Cumulative
05/17/2010 Dividend $550,000 CPP Dividends payment
03/04/2010 Refund $38,000,000 CPP Partial Repayment
02/16/2010 Dividend $550,000 CPP Dividends payment
11/16/2009 Dividend $550,000 CPP Dividends payment
08/17/2009 Dividend $550,000 CPP Dividends Paid in Aug. 2009
05/31/2009 Dividend $770,000 CPP Dividends Paid Through 5/31/2009
01/09/2009 Purchase $44,000,000 CPP Purchase - Preferred Stock w/ Warrants

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