Failed Bailout Investments
Below is a list of all companies that failed to repay their bailout money. These transactions are final and will never result in a profit for taxpayers.
Investments that might still turn a profit are not listed here. Also not listed here are recipients of aid through TARP’s housing programs (like mortgage servicers and state housing orgs), since they received subsidies that were never intended to be repaid.
| Name | Type | State | Profit / Net Outstanding |
Disbursed | Returned | Dividends + Interest |
Warrants | Other Proceeds |
|---|---|---|---|---|---|---|---|---|
| 1st Financial Services Corp | Bank (Public) | NC | -$7,139,052 | $16,369,000 | $8,000,000 | $1,229,948 | $0 | $0 |
| AB&T Financial Corp | Bank (Public) | NC | -$2,173,585 | $3,500,000 | $965,721 | $360,694 | $0 | $0 |
| Anchor BanCorp Wisconsin | Bank (Public) | WI | -$104,000,000 | $110,000,000 | $6,000,000 | $0 | $0 | $0 |
| Bank of George | Bank (Private) | NV | -$1,388,060 | $2,672,000 | $955,240 | $279,991 | $48,709 | $0 |
| Blue Ridge Bancshares | Bank (Private) | MO | -$564,957 | $12,000,000 | $8,969,400 | $1,923,850 | $541,793 | $0 |
| Blue River Bancshares | Bank (Private) | IN | -$4,470,895 | $5,000,000 | $0 | $529,105 | $0 | $0 |
| Blue Valley Ban Corp | Bank (Public) | KS | -$272,469 | $21,750,000 | $21,263,017 | $211,458 | $3,056 | $0 |
| Bridgeview Bancorp | Bank (Private) | IL | -$24,440,526 | $38,000,000 | $10,450,000 | $2,393,155 | $716,319 | $0 |
| Cadence Financial Corp | Bank (Public) | MS | -$2,015,937 | $44,000,000 | $38,000,000 | $3,984,063 | $0 | $0 |
| Centrue Financial | Bank (Public) | MO | -$21,355,222 | $32,668,000 | $10,739,088 | $571,690 | $2,000 | $0 |
| Colony Bankcorp | Bank (Public) | GA | -$1,519,911 | $28,000,000 | $21,680,089 | $3,990,000 | $810,000 | $0 |
| Carolina Trust Bank | Bank (Public) | NC | -$5,548 | $4,000,000 | $3,362,000 | $613,320 | $19,132 | $0 |
| Cascade Financial Corp | Bank (Public) | WA | -$21,291,100 | $38,970,000 | $16,250,000 | $1,428,900 | $0 | $0 |
| Cecil Bancorp | Bank (Public) | MD | -$10,163,012 | $11,560,000 | $880,000 | $516,988 | $0 | $0 |
| Central Federal Corp | Bank (Public) | OH | -$3,612,882 | $7,225,000 | $3,000,000 | $612,118 | $0 | $0 |
| Central Pacific Financial Corp | Bank (Public) | HI | -$59,963,109 | $135,000,000 | $71,922,503 | $2,362,500 | $751,888 | $0 |
| Central Virginia Bankshares | Bank (Public) | VA | -$7,584,344 | $11,385,000 | $3,350,000 | $450,656 | $0 | $0 |
| Chrysler | Auto Company | MI | -$1,212,849,005 | $10,748,284,222 | $7,256,590,642 | $1,171,263,942 | $0 | $1,107,580,633 |
| CIT Group | Bank (Public) | NY | -$2,286,312,500 | $2,330,000,000 | $0 | $43,687,500 | $0 | $0 |
| Citizens Bancorp | Bank (Private) | CA | -$10,176,429 | $10,400,000 | $0 | $223,571 | $0 | $0 |
| Citizens Commerce Bancshares | Bank (Private) | KY | -$1,319,742 | $6,300,000 | $4,800,000 | $180,258 | $0 | $0 |
| Community First Inc | Bank (Private) | TN | -$10,082,487 | $17,806,000 | $5,350,703 | $1,908,453 | $464,357 | $0 |
| Community West Bancshares | Bank (Public) | CA | -$1,258,860 | $15,600,000 | $11,181,456 | $2,461,333 | $698,351 | $0 |
| Dickinson Financial Corp II | Bank (Private) | MO | -$58,593,142 | $146,053,000 | $79,903,245 | $2,631,196 | $4,925,417 | $0 |
| First Federal Bancshares of Arkansas | Bank (Public) | AR | -$9,929,375 | $16,500,000 | $6,000,000 | $570,625 | $0 | $0 |
| Farmers Capital Bank Corp | Bank (Public) | KY | -$3,164,171 | $30,000,000 | $21,594,229 | $5,166,600 | $75,000 | $0 |
| First BanCorp | Bank (Public) | PR | -$187,090,813 | $424,174,000 | $198,381,695 | $32,999,386 | $5,702,106 | $0 |
| First Banks, Inc. | Bank (Private) | MO | -$175,186,740 | $295,400,000 | $105,742,353 | $6,037,237 | $8,433,670 | $0 |
| First Community Bank Corp of America | Bank (Public) | FL | -$2,185,751 | $10,685,000 | $7,754,267 | $744,982 | $0 | $0 |
| First Financial Service Corp | Bank (Public) | KY | -$7,663,722 | $20,000,000 | $10,733,778 | $1,600,000 | $2,500 | $0 |
| First Intercontinental Bank | Bank (Private) | GA | -$2,229,115 | $6,398,000 | $3,247,112 | $757,453 | $164,320 | $0 |
| First Place Financial Corp | Bank (Public) | OH | -$65,917,905 | $72,927,000 | $0 | $7,009,095 | $0 | $0 |
| First Reliance Bancshares | Bank (Private) | SC | -$2,354,941 | $15,349,000 | $10,327,021 | $2,042,406 | $624,632 | $0 |
| First Security Group | Bank (Public) | TN | -$16,684,638 | $33,000,000 | $14,912,862 | $1,402,500 | $0 | $0 |
| First Sound Bank | Bank (Public) | WA | -$3,369,056 | $7,400,000 | $3,700,000 | $330,944 | $0 | $0 |
| First Southwest Bancorporation | Bank (Private) | CO | -$140,227 | $5,500,000 | $4,900,609 | $207,327 | $251,837 | $0 |
| FNB United Corp | Bank (Public) | NC | -$38,750,089 | $51,500,000 | $10,149,929 | $2,589,305 | $10,677 | $0 |
| FPB Bancorp | Bank (Public) | FL | -$5,526,112 | $5,800,000 | $0 | $273,888 | $0 | $0 |
| Goldwater Bank | Bank (Private) | AZ | -$1,074,250 | $2,568,000 | $1,348,000 | $145,750 | $0 | $0 |
| Gregg Bancshares | Bank (Private) | MO | -$779,810 | $825,000 | $0 | $45,190 | $0 | $0 |
| Hampton Roads Bankshares | Bank (Public) | VA | -$72,885,392 | $80,347,000 | $3,279,764 | $2,510,844 | $1,671,000 | $0 |
| HCSB Financial Corporation | Bank (Public) | SC | -$11,675,348 | $12,895,000 | $128,950 | $1,090,702 | $0 | $0 |
| Highlands Independent Bancshares | Bank (Private) | FL | -$534,688 | $6,700,000 | $5,547,600 | $617,712 | $0 | $0 |
| Hyperion Bank | Bank (Private) | PA | -$214,834 | $1,552,000 | $983,800 | $327,666 | $25,700 | $0 |
| Idaho Bancorp | Bank (Private) | ID | -$6,344,327 | $6,900,000 | $0 | $124,305 | $0 | $431,367 |
| Integra Bank Corporation | Bank (Public) | IN | -$81,635,660 | $83,586,000 | $0 | $1,950,340 | $0 | $0 |
| Legacy Bancorp | Bank (Community Development) | WI | -$5,142,921 | $5,498,000 | $0 | $355,079 | $0 | $0 |
| Liberty Shares | Bank (Private) | GA | -$12,280,440 | $17,280,000 | $3,600,000 | $1,399,560 | $0 | $0 |
| Lone Star Bank | Bank (Private) | TX | -$1,071,119 | $3,072,000 | $1,908,480 | $0 | $92,401 | $0 |
| Marine Bank & Trust Company | Bank (Private) | FL | -$653,787 | $3,000,000 | $2,010,000 | $235,713 | $100,500 | $0 |
| Marquette National Corp | Bank (Private) | IL | -$1,664,053 | $35,500,000 | $25,313,186 | $7,072,590 | $1,450,171 | $0 |
| Maryland Financial Bank | Bank (Private) | MD | -$832,754 | $1,700,000 | $527,000 | $313,471 | $26,775 | $0 |
| Midtown Bank & Trust Company | Bank (Private) | GA | -$1,651,863 | $5,222,000 | $3,133,200 | $275,104 | $161,833 | $0 |
| Midwest Banc Holdings | Bank (Public) | IL | -$88,563,712 | $89,388,000 | $0 | $824,288 | $0 | $0 |
| Monarch Community Bancorp | Bank (Public) | MI | -$1,976,879 | $6,785,000 | $4,545,202 | $262,919 | $0 | $0 |
| Naples Bancorp | Bank (Private) | FL | -$3,043,934 | $4,000,000 | $600,000 | $356,066 | $0 | $0 |
| National Bancshares | Bank (Private) | IA | -$3,192,912 | $24,664,000 | $18,318,148 | $2,307,492 | $845,448 | $0 |
| NCAL Bancorp | Bank (Private) | CA | -$4,788,973 | $10,000,000 | $3,900,000 | $1,311,027 | $0 | $0 |
| Northern States Financial Corp | Bank (Public) | IL | -$10,768,828 | $17,211,000 | $6,023,850 | $418,322 | $0 | $0 |
| Old Second Bancorp | Bank (Public) | IL | -$41,576,763 | $73,000,000 | $25,547,319 | $5,769,027 | $106,891 | $0 |
| Pacific Capital Bancorp | Bank (Public) | CA | -$26,561,211 | $195,045,000 | $165,983,272 | $2,107,396 | $393,121 | $0 |
| Pacific Coast National Bancorp | Bank (Public) | CA | -$4,101,913 | $4,120,000 | $0 | $18,087 | $0 | $0 |
| Pacific Commerce Bank | Bank (Public) | CA | -$1,018,330 | $4,060,000 | $2,519,960 | $387,223 | $134,487 | $0 |
| Park Bancorporation | Bank (Private) | WI | -$1,179,936 | $23,200,000 | $16,772,382 | $4,351,643 | $896,039 | $0 |
| Peoples Bancshares of TN | Bank (Private) | TN | -$135,012 | $3,900,000 | $2,919,500 | $723,263 | $122,225 | $0 |
| Pierce County Bancorp | Bank (Private) | WA | -$6,592,053 | $6,800,000 | $0 | $207,947 | $0 | $0 |
| Pinnacle Bank Holding Company | Bank (Private) | FL | -$3,404,001 | $4,389,000 | $700,000 | $284,999 | $0 | $0 |
| Porter Bancorp | Bank (Public) | KY | -$26,716,667 | $35,000,000 | $3,500,000 | $4,783,333 | $0 | $0 |
| Premier Bank Holding Company | Bank (Private) | FL | -$9,032,588 | $9,500,000 | $0 | $467,412 | $0 | $0 |
| Princeton National Bancorp | Bank (Public) | IL | -$22,811,595 | $25,083,000 | $0 | $2,271,405 | $0 | $0 |
| Provident Community Bancshares | Bank (Public) | SC | -$3,626,609 | $9,266,000 | $5,096,300 | $543,091 | $0 | $0 |
| Regent Bancorp | Bank (Private) | FL | -$1,226,982 | $9,982,000 | $7,970,737 | $784,281 | $0 | $0 |
| Ridgestone Financial Services | Bank (Private) | WI | -$1,269,893 | $10,900,000 | $8,876,677 | $277,223 | $476,207 | $0 |
| Rising Sun Bancorp | Bank (Private) | MD | -$5,787,363 | $5,983,000 | $0 | $195,637 | $0 | $0 |
| Rogers Bancshares | Bank (Private) | AR | -$24,261,979 | $25,000,000 | $0 | $738,021 | $0 | $0 |
| Santa Clara Valley Bank | Bank (Private) | CA | -$178,674 | $2,900,000 | $2,440,379 | $158,928 | $122,019 | $0 |
| Santa Lucia Bancorp | Bank (Public) | CA | -$868,889 | $4,000,000 | $2,800,000 | $331,111 | $0 | $0 |
| Seacoast Banking Corp | Bank (Public) | FL | -$954,530 | $50,000,000 | $40,404,700 | $8,585,770 | $55,000 | $0 |
| Security Bancshares of Pulaski County | Bank (Private) | MO | -$134,090 | $2,152,000 | $1,475,592 | $449,073 | $93,245 | $0 |
| Sonoma Valley Bancorp | Bank (Private) | CA | -$8,155,836 | $8,653,000 | $150,000 | $347,164 | $0 | $0 |
| South Financial Group | Bank (Public) | SC | -$200,034,670 | $347,000,000 | $130,179,219 | $16,386,111 | $400,000 | $0 |
| Spirit BankCorp | Bank (Private) | OK | -$18,099,925 | $30,000,000 | $9,000,000 | $2,261,750 | $638,325 | $0 |
| Sterling Financial Corp | Bank (Public) | WA | -$181,242,791 | $303,000,000 | $113,338,081 | $6,733,333 | $825,000 | $860,795 |
| Stonebridge Financial Corp | Bank (Private) | PA | -$8,320,183 | $10,973,000 | $1,879,145 | $634,609 | $139,063 | $0 |
| Superior Bancorp | Bank (Public) | AL | -$64,016,667 | $69,000,000 | $0 | $4,983,333 | $0 | $0 |
| Syringa Bancorp | Bank (Private) | ID | -$7,746,878 | $8,000,000 | $0 | $253,122 | $0 | $0 |
| TCB Holding Company | Bank (Private) | TX | -$11,039,168 | $11,730,000 | $0 | $690,832 | $0 | $0 |
| Tennessee Commerce Bancorp | Bank (Public) | TN | -$26,766,667 | $30,000,000 | $0 | $3,233,333 | $0 | $0 |
| The Bank of Currituck | Bank (Private) | NC | -$2,108,316 | $4,021,000 | $1,742,850 | $169,834 | $0 | $0 |
| The Baraboo Bancorporation | Bank (Private) | WI | -$2,725,169 | $20,749,000 | $13,399,227 | $3,766,126 | $858,478 | $0 |
| First Independence Corporation | Bank (Community Development) | MI | -$402,739 | $3,223,000 | $2,286,675 | $533,586 | $0 | $0 |
| TIB Financial Corp | Bank (Public) | FL | -$23,555,641 | $37,000,000 | $12,119,637 | $1,284,722 | $40,000 | $0 |
| Tidelands Bancshares | Bank (Public) | SC | -$4,267,800 | $14,448,000 | $8,984,227 | $1,195,973 | $0 | $0 |
| Treaty Oak Bancorp | Bank (Private) | TX | -$2,575,585 | $3,268,000 | $500,000 | $192,415 | $0 | $0 |
| Trinity Capital Corporation | Bank (Private) | NM | -$894,525 | $35,539,000 | $26,396,503 | $6,592,185 | $1,655,787 | $0 |
| UCBH Holdings | Bank (Public) | CA | -$291,226,980 | $298,737,000 | $100 | $7,509,920 | $0 | $0 |
| United American Bank | Bank (Private) | CA | -$5,217,343 | $8,700,000 | $3,319,050 | $0 | $163,607 | $0 |
| United Bancorp | Bank (Public) | MI | -$284,075 | $20,600,000 | $16,750,221 | $3,527,704 | $38,000 | $0 |
| Valley Community Bank | Bank (Public) | CA | -$2,502,909 | $5,500,000 | $2,296,800 | $629,476 | $70,815 | $0 |
| Western Community Bancshares | Bank (Private) | CA | -$6,735,917 | $7,290,000 | $0 | $554,083 | $0 | $0 |
| Millenium Bancorp | Bank (Private) | CO | -$2,963,577 | $7,260,000 | $2,904,000 | $1,392,423 | $0 | $0 |
| TriSummit Bank | Bank (Private) | TN | -$505,582 | $7,002,000 | $5,198,986 | $1,172,766 | $124,666 | $0 |
| City National Bancshares Corporation | Bank (Community Development) | NJ | -$6,930,391 | $9,439,000 | $2,226,750 | $281,859 | $0 | $0 |
| Capital Commerce Bancorp, Inc. | Bank (Private) | WI | -$2,335,066 | $5,100,000 | $2,455,328 | $309,606 | $0 | $0 |
| Bank of the Carolinas Corporation | Bank (Public) | NC | -$8,844,573 | $13,179,000 | $3,294,750 | $1,039,677 | $0 | $0 |
| Tifton Banking Company | Bank (Private) | GA | -$3,576,792 | $3,800,000 | $0 | $223,208 | $0 | $0 |
| CB Holding Corp. | Bank (Private) | IL | -$3,842,421 | $4,114,000 | $0 | $271,579 | $0 | $0 |
| Indiana Bank Corp | Bank (Private) | IN | -$1,146,861 | $1,312,000 | $0 | $165,139 | $0 | $0 |
| Allied First Bancorp | Bank (Private) | IL | -$2,198,246 | $3,652,000 | $1,044,000 | $409,754 | $0 | $0 |
| Village Bank and Trust Financial Corp | Bank (Public) | VA | -$7,747,407 | $14,738,000 | $5,672,361 | $1,318,232 | $0 | $0 |
| Georgia Primary Bank | Bank (Private) | GA | -$2,873,543 | $4,500,000 | $1,556,145 | $0 | $70,312 | $0 |
| One Georgia Bank | Bank (Private) | GA | -$5,500,000 | $5,500,000 | $0 | $0 | $0 | $0 |
| Investors Financial Corporation of Pettis County | Bank (Private) | MO | -$3,825,676 | $4,000,000 | $0 | $174,324 | $0 | $0 |
| Premier Bancorp | Bank (Community Development) | IL | -$6,043,885 | $6,784,000 | $79,900 | $660,215 | $0 | $0 |
| Community Financial Shares, Inc. | Bank (Private) | IL | -$2,729,256 | $6,970,000 | $3,136,500 | $947,194 | $157,050 | $0 |
| Fort Lee Federal Savings Bank | Bank (Private) | NJ | -$1,212,816 | $1,300,000 | $0 | $87,184 | $0 | $0 |
| Franklin Bancorp, Inc. | Bank (Private) | MO | -$677,129 | $5,097,000 | $3,253,899 | $965,344 | $200,628 | $0 |
| Citizens Bancshares Co. | Bank (Private) | MO | -$11,037,619 | $24,990,000 | $12,679,301 | $628,033 | $645,047 | $0 |
| First Trust Corporation | Bank (Private) | LA | -$2,664,820 | $17,969,000 | $13,612,558 | $1,046,896 | $644,726 | $0 |
| OneFinancial Corporation | Bank (Private) | AR | -$6,121,559 | $17,300,000 | $7,395,448 | $3,782,993 | $0 | $0 |
| Virginia Company Bank | Bank (Private) | VA | -$955,554 | $4,700,000 | $2,868,974 | $786,990 | $88,481 | $0 |
| FC Holdings | Bank (Private) | TX | -$1,205,370 | $21,042,000 | $18,685,927 | $156,090 | $994,613 | $0 |
| First Alliance Bancshares | Bank (Private) | TN | -$418,323 | $3,422,000 | $2,370,742 | $538,233 | $94,702 | $0 |
| Gold Canyon Bank | Bank (Private) | AZ | -$1,553,141 | $1,607,000 | $0 | $53,859 | $0 | $0 |
| M&F Bancorp | Bank (Community Development) | NC | -$185,805 | $11,735,000 | $9,388,000 | $2,161,195 | $0 | $0 |
| Metropolitan Bank Group | Bank (Private) | IL | -$47,533,274 | $74,706,000 | $23,718,542 | $3,454,184 | $0 | $0 |
| NC Bancorp | Bank (Private) | IL | -$4,572,286 | $7,186,000 | $2,281,458 | $332,256 | $0 | $0 |
| Alliance Financial Services | Bank (Private) | MN | -$2,193,864 | $12,000,000 | $8,912,495 | $388,741 | $504,900 | $0 |
| Florida Bank Group, Inc. | Bank (Private) | FL | -$11,290,207 | $20,471,000 | $8,000,000 | $1,180,793 | $0 | $0 |
| U.S. Century Bank | Bank (Private) | FL | -$37,165,592 | $50,236,000 | $11,738,143 | $745,311 | $586,953 | $0 |
| CoastalSouth Bancshares, Inc. | Bank (Private) | SC | -$1,757,512 | $16,015,000 | $12,606,191 | $1,235,449 | $415,848 | $0 |
| GulfSouth Private Bank | Bank (Private) | FL | -$6,818,689 | $7,500,000 | $0 | $681,311 | $0 | $0 |
| Delmar Bancorp | Bank (Private) | MD | -$2,401,669 | $9,000,000 | $5,453,900 | $832,487 | $311,944 | $0 |
| Layton Park Financial Group | Bank (Private) | WI | -$67,838 | $3,000,000 | $2,345,930 | $481,857 | $104,375 | $0 |
| First Community Financial Partners, Inc. | Bank (Private) | IL | -$3,747,521 | $22,000,000 | $14,211,450 | $3,320,655 | $720,374 | $0 |
| FBHC Holding Company | Bank (Private) | CO | -$2,230,408 | $3,035,000 | $650,000 | $154,592 | $0 | $0 |
| Union Settlement Federal Credit Union | Bank (Community Development) | NY | -$407 | $295,000 | $271,714 | $22,879 | $0 | $0 |
| General Motors | Auto Company | MI | -$11,308,238,095 | $50,744,648,329 | $38,742,249,633 | $694,160,600 | $0 | $0 |
| Harbor Bankshares Corporation | Bank (Community Development) | MD | -$4,445,501 | $6,800,000 | $2,071,755 | $282,744 | $0 | $0 |