Providence Bank

Providence Bank returned its bailout funds on Sep. 15, 2011

Map: Corporate headquarters of Providence Bank.
Rocky Mount, N.C.
See all recipients in North Carolina

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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 Program

More 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 Program

More 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