Bailout Events for December 2010

See entire timeline of bailout events.

Date Entity Type Amount Program Description
12/06/2010 Citigroup Proceeds $6,852,354,471 CPP
Revenue from Sale of Stock
12/08/2010 California Oaks State Bank Refund $3,300,000 CPP
Repayment
12/03/2010 The Bank of Currituck Refund $1,742,850 CPP
Partial Repayment
On 12/3/2010, Treasury completed the sale of all preferred stock (including the preferred stock received upon the exercise of warrants) issued by The Bank of Currituck (“Currituck”) to Treasury for an aggregate purchase price of $1,742,850, pursuant to the terms of the agreement between Treasury and Currituck entered into on 11/5/2010.
12/01/2010 Central Jersey Bancorp Warrant $319,659 CPP
Warrant Proceeds
12/06/2010 Citigroup Refund $4,967,921,811 CPP
Revenue from Sale of Stock
12/06/2010 Citigroup Refund $3,663,368,619 CPP
Revenue from Sale of Stock
12/08/2010 California Oaks State Bank Warrant $165,000 CPP
Warrant Proceeds
12/15/2010 Sandy Spring Bancorp Refund $41,547,000 CPP
Repayment
12/15/2010 United Financial Banking Companies Refund $3,000,000 CPP
Partial Repayment
12/15/2010 Signature Bancshares Refund $1,700,000 CPP
Repayment
12/15/2010 Signature Bancshares Warrant $85,000 CPP
Warrant Proceeds
12/15/2010 General Motors Refund $2,139,406,778 AIFP
Partial Repayment
Treasury accepted an offer by General Motors to repurchase all of the approximately $2.1 billion preferred stock at a price per share of $25.50, which is equal to 102% of the liquidation preference, subject to the closing of the proposed initial public offering of GM’s common stock. The repurchase was completed on 12/15/2010.
12/15/2010 First PacTrust Bancorp, Inc. Refund $19,300,000 CPP
Repayment
12/22/2010 Huntington Bancshares Refund $1,398,071,000 CPP
Repayment
12/22/2010 Heritage Financial Corp Refund $24,000,000 CPP
Repayment
12/22/2010 Susquehanna Bancshares Refund $100,000,000 CPP
Repayment
12/22/2010 Wintrust Financial Corp Refund $250,000,000 CPP
Repayment
12/22/2010 The Bank of Kentucky Refund $17,000,000 CPP
Partial Repayment
12/22/2010 First Horizon National Refund $866,540,000 CPP
Repayment
12/30/2010 Capital Bancorp Refund $4,700,000 CPP
Repayment
12/30/2010 Capital Bancorp Warrant $235,000 CPP
Warrant Proceeds
12/29/2010 Surrey Bancorp Refund $2,000,000 CPP
Repayment
12/29/2010 Surrey Bancorp Warrant $100,000 CPP
Warrant Proceeds
12/29/2010 1st Source Corp Refund $111,000,000 CPP
Repayment
12/29/2010 Webster Financial Refund $200,000,000 CPP
Repayment
12/29/2010 East West Bancorp, Inc. Refund $306,546,000 CPP
Repayment
12/29/2010 Haviland Bancshares Refund $425,000 CPP
Repayment
12/29/2010 Haviland Bancshares Warrant $21,000 CPP
Warrant Proceeds
12/29/2010 Nationwide Bankshares, Inc. Refund $2,000,000 CPP
Repayment
12/29/2010 Nationwide Bankshares, Inc. Warrant $100,000 CPP
Warrant Proceeds
12/29/2010 Chrysler Proceeds $7,844,409 AIFP
Proceeds from sale of collateral
12/31/2010 Chrysler Interest $129,527,207 AIFP
Interest
12/15/2010 First PacTrust Bancorp, Inc. Dividend $80,417 CPP
Dividend - Cumulative
12/29/2010 Haviland Bancshares Dividend $2,828 CPP
Dividend - Cumulative
12/22/2010 Heritage Financial Corp Dividend $123,333 CPP
Dividend - Cumulative
12/15/2010 Statebridge Company, LLC Subsidy $3,299,859 (cumulative) MHA
Incentive Payments for Home Loan Modification
Amount adjusted June 28, 2012.
So far, $1.15M has actually been disbursed:
  • Borrower: $408,828.57
  • Investor: $551,978.67
  • Servicer: $184,885.14
12/15/2010 Scotiabank de Puerto Rico Subsidy $4,299,968 (cumulative) MHA
Incentive Payments for Home Loan Modification
Amount adjusted June 28, 2012.
So far, $2.6M has actually been disbursed:
  • Borrower: $1,355,278.38
  • Investor: $831,258.36
  • Servicer: $417,008.60
12/14/2010 Invesco Legacy Securities Master Fund, L.P. Interest $966,311 PPIP
Interest
12/15/2010 General Motors Dividend $47,192,797 AIFP
Dividend - Cumulative
12/30/2010 GMAC (now Ally Financial) Dividend $61,875,000 AIFP
Dividend - Cumulative
12/29/2010 1st Source Corp Dividend $678,333 CPP
Dividend - Cumulative
12/08/2010 California Oaks State Bank Dividend $11,490 CPP
Dividend - Cumulative
12/30/2010 Capital Bancorp Dividend $32,019 CPP
Dividend - Cumulative
12/29/2010 East West Bancorp, Inc. Dividend $1,873,337 CPP
Dividend - Cumulative
12/31/2010 Fifth Third Bancorp Dividend $42,600,000 CPP
Dividend - Cumulative
12/22/2010 First Horizon National Dividend $4,453,053 CPP
Dividend - Cumulative
12/22/2010 Huntington Bancshares Dividend $7,184,532 CPP
Dividend - Cumulative
12/29/2010 Nationwide Bankshares, Inc. Interest $20,509 CPP
Interest
12/15/2010 Sandy Spring Bancorp Dividend $173,113 CPP
Dividend - Cumulative
12/15/2010 Signature Bancshares Interest $11,886 CPP
Interest
12/15/2010 SunTrust Dividend $60,625,000 CPP
Dividend - Cumulative
12/29/2010 Surrey Bancorp Dividend $13,322 CPP
Dividend - Cumulative
12/22/2010 Susquehanna Bancshares Dividend $513,889 CPP
Dividend - Cumulative
12/22/2010 The Bank of Kentucky Dividend $87,361 CPP
Dividend - Cumulative
12/15/2010 United Financial Banking Companies Dividend $12,500 CPP
Dividend - Cumulative
12/29/2010 Webster Financial Dividend $1,222,222 CPP
Dividend - Cumulative
12/22/2010 Wintrust Financial Corp Dividend $1,284,722 CPP
Dividend - Cumulative
12/14/2010 AG GECC PPIF Master Fund, L.P. Interest $2,130,975 PPIP
Interest
12/14/2010 AllianceBernstein Legacy Securities Master Fund, L.P. Dividend $8,512,047 PPIP
Distribution
12/14/2010 AllianceBernstein Legacy Securities Master Fund, L.P. Interest $1,973,994 PPIP
Interest
12/14/2010 Blackrock PPIF, L.P. Interest $819,889 PPIP
Interest
12/14/2010 Invesco Legacy Securities Master Fund, L.P. Dividend $20,656,977 PPIP
Distribution
12/14/2010 Marathon Legacy Securities Public-Private Investment Partnership, L.P. Dividend $175,305 PPIP
Distribution
12/14/2010 Marathon Legacy Securities Public-Private Investment Partnership, L.P. Interest $722,956 PPIP
Interest
12/14/2010 Oaktree PPIP Fund, L.P. Interest $142,370 PPIP
Interest
12/14/2010 RLJ Western Asset Public/Private Master Fund, L.P. Dividend $5,008,409 PPIP
Distribution
12/14/2010 RLJ Western Asset Public/Private Master Fund, L.P. Interest $1,253,057 PPIP
Interest
12/14/2010 Wellington Management Legacy Securities PPIF Master Fund, LP Interest $1,510,534 PPIP
Interest
12/31/2010 Fannie Mae Dividend $2,154,000,000 PSI
Dividend Payment
12/31/2010 Freddie Mac Dividend $1,603,000,000 PSI
Dividend Payment
12/14/2010 Invesco Legacy Securities Master Fund, L.P. Refund $31,689,230 PPIP
Partial Repayment
12/17/2010 AIG Proceeds $55,000,000 SSFI
Commitment Fee Payment
12/14/2010 Invesco Legacy Securities Master Fund, L.P. Refund $15,844,536 PPIP
Partial Repayment
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