Cascade Financial Corp
Everett,
Wash. |
See all recipients in Washington
This investment resulted in a loss to taxpayers. See below for details.
| $39M Disbursed |
| $16.3M Returned |
| $1.43M Revenue to Gov't |
| $21.3M Net Outstanding |
| $39M Committed |
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Events
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$16.3M Payback
Jun. 30, 2011 Partial Repayment
On 6/30/2011, Treasury completed the sale of all Cascade Financial Corporation Preferred Stock held by Treasury and the related Warrant to Opus Acquisition, Inc. ("Opus") for an aggregate purchase price of $16,250,000.00, pursuant to the terms of the agreement between Treasury and Opus entered into on 06/28/2011.
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$487K Revenue
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of Capital Purchase Program -
$942K 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 -
$39M Bailout
Nov. 21, 2008 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 06/30/2011 | Refund | $16,250,000 | CPP | Partial Repayment |
| 08/17/2009 | Dividend | $487,125 | CPP | Dividends Paid in Aug. 2009 |
| 05/31/2009 | Dividend | $941,775 | CPP | Dividends Paid Through 5/31/2009 |
| 11/21/2008 | Purchase | $38,970,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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