Bailout Events for April 2009
See entire timeline of bailout events.
| Date | Entity | Type | Amount | Program | Description |
|---|---|---|---|---|---|
| 04/08/2009 | Sun Bancorp | Refund | $89,310,000 | CPP |
Repurchased all 89,310 shares sold under TARP
|
| 04/22/2009 | TCF Financial | Refund | $361,172,000 | CPP |
|
| 04/03/2009 | First Capital Bancorp | Purchase | $10,958,000 | CPP |
Preferred Stock w/ Warrants
|
| 04/03/2009 | Tri-State Bank of Memphis | Purchase | $2,795,000 | CDCI |
Purchase - Preferred Stock
This institution qualified to participate in the Community Development Capital Initiative (CDCI), and on 7/30/2010 exchanged its Capital Purchase Program (CPP) investment for an equivalent amount of investment with Treasury under the CDCI program terms. We've listed the original CPP investment as a CDCI investment.
|
| 04/03/2009 | Fortune Financial Corporation | Purchase | $3,100,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|
| 04/03/2009 | BancStar, Inc. | Purchase | $8,600,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|
| 04/03/2009 | Titonka Bancshares | Purchase | $2,117,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|
| 04/03/2009 | Millenium Bancorp | Purchase | $7,260,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|
| 04/03/2009 | TriSummit Bank | Purchase | $2,765,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|
| 04/03/2009 | Prairie Star Bancshares | Purchase | $2,800,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|
| 04/03/2009 | Community First Bancshares, Inc. | Purchase | $12,725,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|
| 04/03/2009 | BCB Holding Company | Purchase | $1,706,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|
| 04/10/2009 | City National Bancshares Corporation | Purchase | $9,439,000 | CPP |
Purchase - Preferred Stock
|
| 04/10/2009 | BANK OF SOUTHERN CALIFORNIA, N.A. (FIRST BUSINESS BANK, N.A.) | Purchase | $2,211,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|
| 04/10/2009 | SV Financial, Inc. | Purchase | $4,000,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|
| 04/10/2009 | Capital Commerce Bancorp, Inc. | Purchase | $5,100,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|
| 04/10/2009 | Metropolitan Capital Bancorp, Inc. | Purchase | $2,040,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|
| 04/15/2009 | Shore Bancshares | Refund | $25,000,000 | CPP |
|
| 04/17/2009 | Bank of the Carolinas Corporation | Purchase | $13,179,000 | CPP |
Preferred Stock w/ Warrants
|
| 04/17/2009 | Penn Liberty Financial Corp | Purchase | $9,960,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|
| 04/17/2009 | Tifton Banking Company | Purchase | $3,800,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|
| 04/17/2009 | Patterson Bancshares | Purchase | $3,690,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|
| 04/17/2009 | BNB Financial Services Corp | Purchase | $7,500,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|
| 04/17/2009 | Omega Capital Corp | Purchase | $2,816,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|
| 04/09/2009 | GM Supplier Receivables, LLC | Loan | $290,000,000 | ASSP |
Debt Obligation w/ Additional Note
The government obligated up to $2.5 billion to GM's suppliers, but ultimately disbursed only $290 million.
So far,
$290M
has actually been disbursed:
|
| 04/09/2009 | Chrysler Receivables SPV LLC | Loan | $123,076,735 | ASSP |
Debt Obligation w/ Additional Note
The Treasury originally obligated up to $1 billion to Chrysler Receivable, but ultimately funded only $123 million.
So far,
$123M
has actually been disbursed:
|
| 04/13/2009 | Select Portfolio Servicing | Subsidy | $1,921,519,987 (cumulative) | MHA |
Investment cap reflects adjustment made on May.31, 2016.
So far,
$1.8B
has actually been disbursed:
Subsidy as of July 2022
|
| 04/13/2009 | CitiMortgage, Inc. | Subsidy | $1,014,960,843 (cumulative) | MHA |
Incentive Payments for Home Loan Modification
Investment cap reflects adjustment made on Aug. 16, 2012.
So far,
$782M
has actually been disbursed:
Subsidy as of July 2022
|
| 04/13/2009 | Wells Fargo Bank, NA | Subsidy | $5,121,077,135 (cumulative) | MHA |
Incentive Payments for Home Loan Modification
Investment cap reflects adjustment made on Aug. 16, 2012. It includes an amount previously attributed to Wachovia Mortgage FSB, due to the merger.
So far,
$3.4B
has actually been disbursed:
Subsidy as of July 2022
|
| 04/13/2009 | GMAC Mortgage, LLC | Subsidy | $705,348,627 (cumulative) | MHA |
Incentive Payments for Home Loan Modification
Investment cap reflects adjustment made on June 25, 2015.
So far,
$310M
has actually been disbursed:
Subsidy as of July 2022
|
| 04/13/2009 | Saxon Mortgage Services, Inc. | Subsidy | $100,807,086 (cumulative) | MHA |
On July 1, 2012, Saxon Mortgage Services, Inc. ceased servicing operations by selling its mortgage servicing rights and transferring the subservicing relationships to third-party servicers. The remaining Adjusted Cap stated above represents the amount previously paid to Saxon Mortgage Services, Inc. prior to ceasing servicing operations.
|
| 04/17/2009 | Bank of America subsidiaries (incl. Countrywide) | Subsidy | $31,017,611 (cumulative) | MHA |
Incentive Payments for Home Loan Modification
Investment cap reflects adjustment made on Oct. 16, 2013. (Bank of America, N.A.) Update of cap due to termination of SPA and merger with BAC Home Loans, LP
|
| 04/17/2009 | Bank of America subsidiaries (incl. Countrywide) | Subsidy | $3,361,741,019 (cumulative) | MHA |
This amount has been set aside for Countrywide, a subsidiary of Bank of America (BAC Home Loans Servicing, LP). The amount was adjusted on Feb. 25, 2016.
So far,
$2.27B
has actually been disbursed:
|
| 04/22/2009 | FirstMerit Corp | Refund | $125,000,000 | CPP |
|
| 04/22/2009 | Independent Bank Corp | Refund | $78,158,000 | CPP |
|
| 04/22/2009 | First ULB Corp | Refund | $4,900,000 | CPP |
|
| 04/22/2009 | General Motors | Loan | $2,000,000,000 | AIFP |
Debt Obligation w/ Additional Note
|
| 04/24/2009 | Ditech Financial LLC | Subsidy | $585,466,086 (cumulative) | MHA |
Investment cap reflects adjustment made on Feb. 25, 2016.
So far,
$300M
has actually been disbursed:
Subsidy as of July 2022
|
| 04/24/2009 | Mackinac Financial Corporation | Purchase | $11,000,000 | CPP |
Preferred Stock w/ Warrants
|
| 04/24/2009 | Birmingham Bloomfield Bancshares | Purchase | $1,635,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 04/24/2009 | Vision Bank - Texas | Purchase | $1,500,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 04/24/2009 | Oregon Bancorp | Purchase | $3,216,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 04/24/2009 | Peoples Bancorporation | Purchase | $12,660,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 04/24/2009 | Indiana Bank Corp | Purchase | $1,312,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 04/24/2009 | Business Bancshares | Purchase | $15,000,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 04/24/2009 | Standard Bancshares | Purchase | $60,000,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 04/24/2009 | York Traditions Bank | Purchase | $4,871,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 04/24/2009 | Grand Capital Corporation | Purchase | $4,000,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 04/24/2009 | Allied First Bancorp | Purchase | $3,652,000 | CPP |
Preferred Stock w/ Exercised Warrants
|
| 04/24/2009 | Frontier Bancshares | Purchase | $3,000,000 | CPP |
Subordinated Debentures w/ Exercised Warrants
|
| 04/27/2009 | Carrington Mortgage Services, LLC | Subsidy | $306,523,428 (cumulative) | MHA |
Incentive Payments for Home Loan Modification
So far,
$231M
has actually been disbursed:
Subsidy as of July 2022
|
| 04/29/2009 | Chrysler | Loan | $280,130,642 | AIFP |
Debt Obligation w/ Additional Note
This loan will be used to back warranties for Chrysler cars as the company goes through restructuring.
|
| 04/15/2009 | Centra Financial Holdings | Warrant | $750,000 | CPP |
Warrant Proceeds
|
| 04/22/2009 | First ULB Corp | Warrant | $245,000 | CPP |
Warrant Proceeds
|
| 04/20/2009 | Bank of America subsidiaries (incl. Countrywide) | Subsidy | $1,657,394 (cumulative) | MHA |
Incentive Payments for Home Loan Modification
This amount has been set aside for Wilshire Credit Corporation, a subsidiary of Bank of America. The agreement was terminated on Oct. 19, 2011.
|
| 04/20/2009 | Bank of America subsidiaries (incl. Countrywide) | Subsidy | $6,309,233 (cumulative) | MHA |
Incentive Payments for Home Loan Modification
This amount has been set aside for Home Loan Services, a subsidiary of Bank of America. The agreement was terminated on Oct. 19, 2011.
|
| 04/13/2009 | JPMorgan Chase subsidiaries | Subsidy | $3,997,374,866 (cumulative) | MHA |
Incentive Payments for Home Loan Modifications
This was set aside for JPMorgan Chase, NA. This amount was adjusted on Feb. 25, 2016.
So far,
$3.21B
has actually been disbursed:
|
| 04/16/2009 | PHH Mortgage, a subsidiary of Ocwen Financial Corporation | Subsidy | $5,988,285,469 (cumulative) | MHA |
Incentive Payments for Home Loan Modifications
Investment cap reflects adjustment made on Aug. 14, 2015.
So far,
$5.02B
has actually been disbursed:
Subsidy as of July 2022
|