Journalism in the Public Interest

State Bancorp

New Hyde Park, N.Y. | See all recipients in New York
$36.8M Disbursed
$36.8M Returned
$5.68M Revenue to Gov't
$5.68M Profit
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As a result of the acquisition of State Bancorp, Inc. (the acquired company) by Valley National Bancorp (the acquiror), the warrant issued by the acquired company on 12/5/2008 was exchanged for a like security of the acquiror, pursuant to the terms of an agreement among Treasury, the acquired company and the acquiror entered into on 1/1/2012.


Date Type Amount Program Description
05/27/2015 Warrant $103,677 CPP Warrant Proceeds
12/14/2011 Refund $36,842,000 CPP Repayment
12/14/2011 Dividend $148,391 CPP Dividend - Cumulative
11/15/2011 Dividend $460,525 CPP Dividend - Cumulative
08/15/2011 Dividend $460,525 CPP Dividend - Cumulative
05/16/2011 Dividend $460,525 CPP Dividend - Cumulative
02/15/2011 Dividend $460,525 CPP Dividend - Cumulative
11/15/2010 Dividend $460,525 CPP Dividend - Cumulative
08/16/2010 Dividend $460,525 CPP Dividends payment
05/17/2010 Dividend $460,525 CPP Dividends payment
02/16/2010 Dividend $460,525 CPP Dividends payment
11/16/2009 Dividend $460,525 CPP Dividends payment
08/17/2009 Dividend $460,525 CPP Dividends Paid in Aug. 2009
05/31/2009 Dividend $818,711 CPP Dividends Paid Through 5/31/2009
12/05/2008 Purchase $36,842,000 CPP Purchase - Preferred Stock w/ Warrants

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