First Vernon Bancshares
| $6,245,000 |
| Committed |
| 0.1% > |
| of Bank bailout commitment |
| 0.1% > |
| of total bailout commitment. |
| Disbursed | $6,245,000 |
| Returned | $0 |
| Revenue to Gov't | $678,729 |
| Net Outstanding | $5,566,271 |
Jump to table of transactions
Map: Corporate headquarters of First Vernon Bancshares.
Vernon,
Ala.
See all recipients in Alabama
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.
This institution qualified to participate in the Community Development Capital Initiative (CDCI) and exchanged its Capital Purchase Program (CPP) investment for an equivalent amount of investment with Treasury under the CDCI program terms. We've listed the original CPP investment as a CDCI investment.
Events
-
$16K Revenue
Nov. 15, 2010 Dividend - Cumulative
-
$245K Bailout
Sep. 29, 2010 Preferred Stock
This amount, representing the warrants, was included in the final investment via the CDCI.
More info from www.financialstability.gov -
$39K Revenue
Sep. 29, 2010 Dividend - Cumulative
Part of Capital Purchase Program -
$245K Revenue
Sep. 29, 2010 Warrant Proceeds
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$81K Revenue
Aug. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$81K Revenue
May 17, 2010 Dividends payment
Part of Capital Purchase Program -
$81K Revenue
Feb. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$81K Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$56K Revenue
Aug. 17, 2009 Dividend Payment
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$6M Bailout
Jun. 12, 2009 Preferred Stock w/ Exercised Warrants
More info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 11/15/2010 | Dividend | $15,959 | CDCI | Dividend - Cumulative |
| 09/29/2010 | Warrant | $245,000 | CPP | Warrant Proceeds |
| 09/29/2010 | Purchase | $245,000 | CDCI | Preferred Stock |
| 09/29/2010 | Dividend | $39,362 | CPP | Dividend - Cumulative |
| 08/16/2010 | Dividend | $80,513 | CPP | Dividends payment |
| 05/17/2010 | Dividend | $80,513 | CPP | Dividends payment |
| 02/16/2010 | Dividend | $80,513 | CPP | Dividends payment |
| 11/16/2009 | Dividend | $80,513 | CPP | Dividends payment |
| 08/17/2009 | Dividend | $56,359 | CPP | Dividend Payment |
| 06/12/2009 | Purchase | $6,000,000 | CDCI | Preferred Stock w/ Exercised Warrants |
For our blog, resources and more, see our main bailout page.