Center Bancorp
Center Bancorp returned its bailout funds on Sep. 15, 2011
| Disbursed | $10,000,000 |
| Returned | $10,000,000 |
| Revenue to Gov't | $1,586,667 |
| Profit | $1,586,667 |
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Map: Corporate headquarters of Center Bancorp.
Union,
N.J.
See all recipients in New Jersey
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We're tracking where the bailout money is going. Our lead bailout reporter – and blogger – is ProPublica's . Lead developer is .
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Events
-
$245K Revenue
Dec. 7, 2011 Warrant Proceeds
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$42K Revenue
Sep. 15, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$10M 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 -
$125K Revenue
Aug. 15, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$125K Revenue
May 16, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$125K Revenue
Feb. 15, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$125K Revenue
Nov. 15, 2010 Dividend - Cumulative
Part of Capital Purchase Program -
$125K Revenue
Aug. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$125K Revenue
May 17, 2010 Dividends payment
Part of Capital Purchase Program -
$125K Revenue
Feb. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$125K Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$125K Revenue
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of Capital Purchase Program -
$175K 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 -
$10M Bailout
Jan. 9, 2009 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 12/07/2011 | Warrant | $245,000 | CPP | Warrant Proceeds |
| 09/15/2011 | Refund | $10,000,000 | CPP | Repayment |
| 09/15/2011 | Dividend | $41,667 | CPP | Dividend - Cumulative |
| 08/15/2011 | Dividend | $125,000 | CPP | Dividend - Cumulative |
| 05/16/2011 | Dividend | $125,000 | CPP | Dividend - Cumulative |
| 02/15/2011 | Dividend | $125,000 | CPP | Dividend - Cumulative |
| 11/15/2010 | Dividend | $125,000 | CPP | Dividend - Cumulative |
| 08/16/2010 | Dividend | $125,000 | CPP | Dividends payment |
| 05/17/2010 | Dividend | $125,000 | CPP | Dividends payment |
| 02/16/2010 | Dividend | $125,000 | CPP | Dividends payment |
| 11/16/2009 | Dividend | $125,000 | CPP | Dividends payment |
| 08/17/2009 | Dividend | $125,000 | CPP | Dividends Paid in Aug. 2009 |
| 05/31/2009 | Dividend | $175,000 | CPP | Dividends Paid Through 5/31/2009 |
| 01/09/2009 | Purchase | $10,000,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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