Carver Bancorp
Carver Bancorp returned its bailout funds on Aug. 27, 2010
| Disbursed | $18,980,000 |
| Returned | $18,980,000 |
| Revenue to Gov't | $1,978,088 |
| Profit | $1,978,088 |
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Map: Corporate headquarters of Carver Bancorp.
New York,
N.Y.
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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
-
$364K Revenue
Oct. 26, 2011 Dividend - Cumulative
-
$82K Revenue
Nov. 15, 2010 Dividend - Cumulative
-
$19M Payback
Aug. 27, 2010 Repayment
On 6/29/2011, Treasury entered into an agreement with Carver Bancorp, Inc. to exchange Treasury’s $18,980,000 of preferred stock for an equivalent amount of common stock. The exchange is subject to the fulfillment by Carver Bancorp, Inc. of certain conditions, including the satisfactory completion of a capital plan.
More info from www.treasury.gov -
$269K Revenue
Aug. 13, 2010 Dividends payment
Part of Capital Purchase Program -
$237K Revenue
May 17, 2010 Dividends payment
Part of Capital Purchase Program -
$237K Revenue
Feb. 12, 2010 Dividends payment
Part of Capital Purchase Program -
$237K Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$237K Revenue
Aug. 14, 2009 Dividends Paid in Aug. 2009
Part of Capital Purchase Program -
$314K 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 -
$19M Bailout
Jan. 16, 2009 Purchase - Preferred Stock
More info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 10/26/2011 | Dividend | $364,261 | CDCI | Dividend - Cumulative |
| 11/15/2010 | Dividend | $82,247 | CDCI | Dividend - Cumulative |
| 08/27/2010 | Refund | $18,980,000 | CDCI | Repayment |
| 08/13/2010 | Dividend | $268,883 | CPP | Dividends payment |
| 05/17/2010 | Dividend | $237,250 | CPP | Dividends payment |
| 02/12/2010 | Dividend | $237,250 | CPP | Dividends payment |
| 11/16/2009 | Dividend | $237,250 | CPP | Dividends payment |
| 08/14/2009 | Dividend | $237,250 | CPP | Dividends Paid in Aug. 2009 |
| 05/31/2009 | Dividend | $313,697 | CPP | Dividends Paid Through 5/31/2009 |
| 01/16/2009 | Purchase | $18,980,000 | CDCI | Purchase - Preferred Stock |
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