Bailout Events for June 2009
See entire timeline of bailout events.
| Date | Entity | Type | Amount | Program | Description |
|---|---|---|---|---|---|
| 06/24/2009 | Somerset Hills Bancorp | Warrant | $275,000 | CPP |
Warrant Proceeds
|
| 06/26/2009 | Hartford Financial Services | Purchase | $3,400,000,000 | CPP |
Preferred Stock w/ Warrants
|
| 06/03/2009 | General Motors | Loan | $23,027,511,395 | AIFP |
Debt Obligation, Equity Interest
This is the amount of financing the government has announced it will provide to GM to carry it through bankruptcy.
|
| 06/03/2009 | Valley National | Refund | $75,000,000 | CPP |
|
| 06/03/2009 | HF Financial Corp | Refund | $25,000,000 | CPP |
|
| 06/09/2009 | BB&T | Refund | $3,133,640,000 | CPP |
The Treasury announces 10 banks have been approved to pay back their TARP funds. BB&T announces it is among them.
|
| 06/09/2009 | American Express | Refund | $3,388,890,000 | CPP |
The Treasury announces 10 banks have been approved to pay back their TARP funds. AmEx announces it is among them.
|
| 06/09/2009 | U.S. Bancorp | Refund | $6,599,000,000 | CPP |
The Treasury announces 10 banks have been approved to pay back their TARP funds. U.S. Bank announces it is among them.
|
| 06/26/2009 | Stearns Financial Services | Purchase | $24,900,000 | CPP |
Subordinated Debentures w/ Exercised Warrants
|
| 06/09/2009 | Bank of New York Mellon | Refund | $3,000,000,000 | CPP |
The Treasury announces 10 banks have been approved to pay back their TARP funds. The Bank of New York Mellon announces it is among them.
|
| 06/09/2009 | Capital One Financial Corp. | Refund | $3,555,199,000 | CPP |
The Treasury announces 10 banks have been approved to pay back their TARP funds. Capital One announces it is among them.
|
| 06/09/2009 | JPMorgan Chase | Refund | $25,000,000,000 | CPP |
The Treasury announces 10 banks have been approved to pay back their TARP funds. JPM announces it is among them.
|
| 06/09/2009 | State Street | Refund | $2,000,000,000 | CPP |
The Treasury announces 10 banks have been approved to pay back their TARP funds. State Street announces it is among them.
|
| 06/09/2009 | Morgan Stanley | Refund | $10,000,000,000 | CPP |
The Treasury announces 10 banks have been approved to pay back their TARP funds. Morgan Stanley announces it is among them.
|
| 06/09/2009 | Northern Trust | Refund | $1,576,000,000 | CPP |
The Treasury announces 10 banks have been approved to pay back their TARP funds. Northern Trust announces it is among them.
|
| 06/09/2009 | Goldman Sachs | Refund | $10,000,000,000 | CPP |
The Treasury announces 10 banks have been approved to pay back their TARP funds. Goldman Sachs announces it is among them.
|
| 06/05/2009 | Covenant Financial Corporation | Purchase | $5,000,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|
| 06/05/2009 | First Trust Corporation | Purchase | $17,969,000 | CPP |
Purchase - Subordinated Debentures w/ Exercised Warrants
|
| 06/05/2009 | OneFinancial Corporation | Purchase | $17,300,000 | CPP |
Purchase - Subordinated Debentures w/ Exercised Warrants
|
| 06/12/2009 | Berkshire Bancorp | Purchase | $2,892,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 06/12/2009 | First Vernon Bancshares | Purchase | $6,000,000 | CDCI |
Preferred Stock w/ Exercised Warrants
|
| 06/12/2009 | SouthFirst Bancshares | Purchase | $2,760,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 06/12/2009 | Virginia Company Bank | Purchase | $4,700,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 06/12/2009 | Enterprise Financial Services Group | Purchase | $4,000,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 06/12/2009 | First Financial Bancshares | Purchase | $3,756,000 | CPP |
Subordinated Debentures w/ Exercised Warrants
|
| 06/12/2009 | River Valley Bancorporation | Purchase | $15,000,000 | CPP |
Subordinated Debentures w/ Exercised Warrants
|
| 06/12/2009 | Residential Credit Solutions | Subsidy | $42,826,241 (cumulative) | MHA |
Incentive Payments for Home Loan Modification
This amount was adjusted on July 16, 2012.
So far,
$22.1M
has actually been disbursed:
Subsidy as of July 2022
|
| 06/26/2009 | Signature Bancshares | Purchase | $1,700,000 | CPP |
Subordinated Debentures w/ Exercised Warrants
|
| 06/17/2009 | Citizens Bank, N.A. | Subsidy | $42,645,484 (cumulative) | MHA |
Incentive Payments for Home Loan Modification
This amount was adjusted on June 28, 2012.
So far,
$29.4M
has actually been disbursed:
Subsidy as of July 2022
|
| 06/17/2009 | RG Mortgage Corporation | Subsidy | $37,039,652 (cumulative) | MHA |
Incentive Payments for Home Loan Modification
This amount was adjusted on June 28, 2012.
So far,
$794K
has actually been disbursed:
Subsidy as of July 2022
|
| 06/19/2009 | Merchants and Manufacturers Bank Corporation | Purchase | $3,510,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|
| 06/19/2009 | RCB Financial Corporation | Purchase | $8,900,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|
| 06/19/2009 | Manhattan Bancshares, Inc. | Purchase | $2,639,000 | CPP |
Purchase - Subordinated Debentures w/ Exercised Warrants
|
| 06/19/2009 | Biscayne Bancshares, Inc. | Purchase | $6,400,000 | CPP |
Purchase - Subordinated Debentures w/ Exercised Warrants
|
| 06/19/2009 | Duke Financial Group, Inc. | Purchase | $12,000,000 | CPP |
Purchase - Subordinated Debentures w/ Exercised Warrants
|
| 06/19/2009 | Farmers Enterprises, Inc. | Purchase | $12,000,000 | CPP |
Purchase - Subordinated Debentures w/ Exercised Warrants
|
| 06/19/2009 | Century Financial Services Corporation | Purchase | $10,000,000 | CPP |
Purchase - Subordinated Debentures w/ Exercised Warrants
|
| 06/19/2009 | NEMO Bancshares Inc. | Purchase | $2,330,000 | CPP |
Subordinated Debentures w/ Exercised Warrants
|
| 06/19/2009 | University Financial Corp, Inc. | Purchase | $11,926,000 | CDCI |
Purchase - Subordinated Debentures
|
| 06/19/2009 | Suburban Illinois Bancorp, Inc. | Purchase | $15,000,000 | CPP |
Purchase - Subordinated Debentures w/ Exercised Warrants
|
| 06/19/2009 | Wescom Central Credit Union | Subsidy | $2,496,981 (cumulative) | MHA |
This amount was adjusted on Sep. 28, 2015.
So far,
$1.95M
has actually been disbursed:
Subsidy as of July 2022
|
| 06/26/2009 | Technology Credit Union | Subsidy | $1,160,422 (cumulative) | MHA |
Incentive Payments for Home Loan Modification
This amount was adjusted on June 28, 2012.
So far,
$471K
has actually been disbursed:
Subsidy as of July 2022
|
| 06/26/2009 | PNC Mortgage | Subsidy | $558,602,227 (cumulative) | MHA |
Incentive Payments for Home Loan Modification
This amount was adjusted on June 28, 2012. (National City Bank)
So far,
$85.9M
has actually been disbursed:
Subsidy as of July 2022
|
| 06/26/2009 | Fidelity Resources Company | Purchase | $3,000,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 06/26/2009 | Waukesha Bankshares | Purchase | $5,625,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 06/26/2009 | FC Holdings | Purchase | $21,042,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 06/26/2009 | Security Capital Corporation | Purchase | $17,388,000 | CDCI |
Preferred Stock w/ Exercised Warrants
|
| 06/26/2009 | First Alliance Bancshares | Purchase | $3,422,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 06/26/2009 | Gulfstream Bancshares | Purchase | $7,500,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 06/26/2009 | Gold Canyon Bank | Purchase | $1,607,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 06/26/2009 | M&F Bancorp | Purchase | $11,735,000 | CDCI |
Preferred Stock
|
| 06/26/2009 | Metropolitan Bank Group | Purchase | $74,706,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 06/26/2009 | NC Bancorp | Purchase | $7,186,000 | CPP |
Preferred Stock w/ Exercised Warrants
As a result of the acquisition of NC Bancorp, Inc. (the acquired company) by Metropolitan Bank Group, Inc. (the acquiror), Treasury exchanged $6,880,000 of its preferred stock in NC Bancorp, Inc. and $71,526,000 of its preferred stock in Metropolitan Bank Group, Inc. for $81,892,000 of a new series of preferred stock in Metropolitan Bank Group, Inc., which is equivalent to the combined initial investment amount of $78,406,000 plus $3,486,000 of capitalized previously accrued and unpaid dividends, pursuant to the terms of an agreement among Treasury, the acquired company and the acquiror entered into on 3/30/2011. Exercised warrants were also exchanged at the time of the agreement.
|
| 06/26/2009 | Alliance Bancshares | Purchase | $2,986,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 06/26/2009 | Fremont Bancorporation | Purchase | $35,000,000 | CPP |
Subordinated Debentures w/ Exercised Warrants
|
| 06/26/2009 | Alliance Financial Services | Purchase | $12,000,000 | CPP |
Subordinated Debentures w/ Exercised Warrants
|
| 06/24/2009 | First Niagara | Warrant | $2,700,000 | CPP |
Warrant Proceeds
|
| 06/30/2009 | HF Financial Corp | Warrant | $650,000 | CPP |
Warrant Proceeds
|
| 06/24/2009 | Berkshire Hills Bancorp | Warrant | $1,040,000 | CPP |
Warrant Proceeds
|
| 06/17/2009 | Alliance Financial Corp | Warrant | $900,000 | CPP |
Warrant Proceeds
|
| 06/24/2009 | SCBT Financial Corp | Warrant | $1,400,000 | CPP |
Warrant Proceeds
|
| 06/17/2009 | American Express | Dividend | $15,061,733 | CPP |
Dividend Paid
|
| 06/17/2009 | BB&T | Dividend | $13,927,289 | CPP |
Dividend Paid
|
| 06/17/2009 | Capital One Financial Corp. | Dividend | $15,800,884 | CPP |
Dividend Paid
|
| 06/30/2009 | Fifth Third Bancorp | Dividend | $42,600,000 | CPP |
Dividend Paid
|
| 06/03/2009 | HF Financial Corp | Dividend | $62,500 | CPP |
Dividend Paid
|
| 06/01/2009 | JPMorgan Chase | Dividend | $312,500,000 | CPP |
Dividend Paid
|
| 06/17/2009 | JPMorgan Chase | Dividend | $55,555,556 | CPP |
Dividend Paid
|
| 06/17/2009 | Morgan Stanley | Dividend | $86,111,111 | CPP |
Dividend Paid
|
| 06/17/2009 | Northern Trust | Dividend | $7,004,444 | CPP |
Dividend Paid
|
| 06/05/2009 | Pacific Commerce Bank | Dividend | $55,318 | CPP |
Dividend Paid
|
| 06/15/2009 | State Street | Dividend | $25,000,000 | CPP |
Dividend Paid
|
| 06/17/2009 | State Street | Dividend | $555,556 | CPP |
Dividend Paid
|
| 06/15/2009 | SunTrust | Dividend | $60,625,000 | CPP |
Dividend Paid
|
| 06/17/2009 | Bank of New York Mellon | Dividend | $36,250,000 | CPP |
Dividend Paid
|
| 06/17/2009 | Goldman Sachs | Dividend | $44,444,444 | CPP |
Dividend Paid
|
| 06/17/2009 | U.S. Bancorp | Dividend | $29,328,889 | CPP |
Dividend Paid
|
| 06/03/2009 | Valley National | Dividend | $187,500 | CPP |
Dividend Paid
|
| 06/30/2009 | Freddie Mac | Dividend | $1,149,000,000 | PSI |
Dividend Paid
|
| 06/30/2009 | Fannie Mae | Dividend | $409,000,000 | PSI |
Dividend Paid
|
| 06/04/2009 | Chrysler Receivables SPV LLC | Interest | $574,920 | ASSP |
Interest Payment
|
| 06/04/2009 | GM Supplier Receivables, LLC | Interest | $114,521 | ASSP |
Interest Payment
|