Journalism in the Public Interest

Cascade Financial Corp

Everett, Wash. | See all recipients in Washington

This investment resulted in a loss to taxpayers. See below for details.

$39M Disbursed
$16.3M Returned
$1.43M Revenue to Gov't
$21.3M Net Outstanding
$39M Committed
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  • $16.3M Payback

    Jun. 30, 2011 Partial Repayment

    On 6/30/2011, Treasury completed the sale of all Cascade Financial Corporation Preferred Stock held by Treasury and the related Warrant to Opus Acquisition, Inc. ("Opus") for an aggregate purchase price of $16,250,000.00, pursuant to the terms of the agreement between Treasury and Opus entered into on 06/28/2011.

    More info from

  • $487K Revenue

    Aug. 17, 2009 Dividends Paid in Aug. 2009

  • $942K Revenue

    May 31, 2009 Dividends Paid Through 5/31/2009

    This amount reflects the sum of dividends paid up to 5/31/2009

  • $39M Bailout

    Nov. 21, 2008 Purchase - Preferred Stock w/ Warrants

Date Type Amount Program Description
06/30/2011 Refund $16,250,000 CPP Partial Repayment
08/17/2009 Dividend $487,125 CPP Dividends Paid in Aug. 2009
05/31/2009 Dividend $941,775 CPP Dividends Paid Through 5/31/2009
11/21/2008 Purchase $38,970,000 CPP Purchase - Preferred Stock w/ Warrants

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