Providence Bank
Providence Bank returned its bailout funds on Sep. 15, 2011
| Disbursed | $4,000,000 |
| Returned | $4,000,000 |
| Revenue to Gov't | $596,313 |
| Profit | $596,313 |
Jump to table of transactions
Map: Corporate headquarters of Providence Bank.
Rocky Mount,
N.C.
See all recipients in North Carolina
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Events
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$18K Revenue
Sep. 15, 2011 Dividend - Non-Cumulative
Part of Capital Purchase Program -
$4M Payback
Sep. 15, 2011 Repayment
Repayment pursuant to Title VII, Section 7001(g) of the American Recovery and Reinvestment Act of 2009 using proceeds received in connection with the institution’s participation in the Small Business Lending Fund.
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$175K Revenue
Sep. 15, 2011 Warrant Proceeds
Part of Capital Purchase Program -
$54K Revenue
Aug. 15, 2011 Dividend - Non-Cumulative
Part of Capital Purchase Program -
$54K Revenue
May 16, 2011 Dividend - Non-Cumulative
Part of Capital Purchase Program -
$54K Revenue
Feb. 15, 2011 Dividend - Non-Cumulative
Part of Capital Purchase Program -
$54K Revenue
Nov. 15, 2010 Dividend - Non-Cumulative
Part of Capital Purchase Program -
$54K Revenue
Aug. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$54K Revenue
May 17, 2010 Dividends payment
Part of Capital Purchase Program -
$54K Revenue
Feb. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$26K Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$4M Bailout
Oct. 2, 2009 Preferred Stock w/ Exercised Warrants
Part of Capital Purchase ProgramMore info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 09/15/2011 | Refund | $4,000,000 | CPP | Repayment |
| 09/15/2011 | Warrant | $175,000 | CPP | Warrant Proceeds |
| 09/15/2011 | Dividend | $17,979 | CPP | Dividend - Non-Cumulative |
| 08/15/2011 | Dividend | $53,938 | CPP | Dividend - Non-Cumulative |
| 05/16/2011 | Dividend | $53,938 | CPP | Dividend - Non-Cumulative |
| 02/15/2011 | Dividend | $53,938 | CPP | Dividend - Non-Cumulative |
| 11/15/2010 | Dividend | $53,938 | CPP | Dividend - Non-Cumulative |
| 08/16/2010 | Dividend | $53,938 | CPP | Dividends payment |
| 05/17/2010 | Dividend | $53,938 | CPP | Dividends payment |
| 02/16/2010 | Dividend | $53,938 | CPP | Dividends payment |
| 11/16/2009 | Dividend | $25,770 | CPP | Dividends payment |
| 10/02/2009 | Purchase | $4,000,000 | CPP | Preferred Stock w/ Exercised Warrants |
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