Bailout Events for March 2012
See entire timeline of bailout events.
| Date | Entity | Type | Amount | Program | Description |
|---|---|---|---|---|---|
| 03/09/2012 | Freddie Mac | Purchase | $146,000,000 | PSI |
Preferred Stock
|
| 03/14/2012 | Invesco Legacy Securities Master Fund, L.P. | Refund | $284,468,750 | PPIP |
Repayment
|
| 03/08/2012 | AIG | Refund | $6,000,000,008 | SSFI |
Partial Repayment
On 3/13/2012, Treasury completed the sale of 206,896,552 shares of common stock at $29.00 per share for an aggregate amount equal to $6,000,000,008, pursuant to an underwriting agreement executed on 3/8/2012. With this sale, the Treasury reduced its equity stake in AIG to 70 percent.
|
| 03/08/2012 | AIG | Refund | $5,576,121,382 | SSFI |
Partial Repayment
|
| 03/09/2012 | Mainline Bancorp, Inc. | Refund | $4,500,000 | CPP |
Repayment
|
| 03/09/2012 | Mainline Bancorp, Inc. | Warrant | $225,000 | CPP |
Warrant Proceeds
|
| 03/07/2012 | Heritage Commerce Corp | Refund | $40,000,000 | CPP |
Repayment
|
| 03/07/2012 | Beach Business Bank | Refund | $1,500,000 | CPP |
Partial Repayment
|
| 03/07/2012 | Patterson Bancshares | Refund | $250,000 | CPP |
Partial Repayment
|
| 03/22/2012 | AIG | Refund | $1,493,250,339 | SSFI |
Partial Repayment
|
| 03/15/2012 | AIG | Refund | $44,941,843 | SSFI |
Partial Repayment
|
| 03/15/2012 | AIG | Refund | $1,521,632,096 | SSFI |
Partial Repayment
|
| 03/21/2012 | Valley Commerce Bancorp | Refund | $7,700,000 | CPP |
Repayment
|
| 03/21/2012 | Valley Commerce Bancorp | Warrant | $385,000 | CPP |
Warrant Proceeds
|
| 03/14/2012 | MB Financial | Refund | $196,000,000 | CPP |
Repayment
|
| 03/14/2012 | AG GECC PPIF Master Fund, L.P. | Refund | $198,925,000 | PPIP |
Partial Repayment
|
| 03/14/2012 | Oaktree PPIP Fund, L.P. | Refund | $78,775,901 | PPIP |
Partial Repayment
|
| 03/29/2012 | Invesco Legacy Securities Master Fund, L.P. | Proceeds | $3,434,460 | PPIP |
Distribution
|
| 03/29/2012 | Central Pacific Financial Corp | Refund | $36,039,222 | CPP |
Partial Repayment
On 4/4/2012, Treasury completed the sale of all of Treasuryâs remaining 2,770,117 shares of Central Pacific Financial Corp. common stock at $13.01 per share (which represents the $13.15 public offering price less underwriting discounts) for net proceeds of $36,039,222.17, pursuant to an underwriting agreement executed on 03/29/2012.
|
| 03/28/2012 | Zions Bancorp | Refund | $700,000,000 | CPP |
Partial Repayment
|
| 03/28/2012 | Banner Corp | Refund | $108,071,915 | CPP |
Partial Repayment
On 3/28/2012, Treasury executed an underwriting agreement for the sale of 124,000 shares of Banner Corporation preferred stock at $884.82 per share (less underwriting discounts) for net proceeds of $108,071,914.80 plus accrued and unpaid dividends.
|
| 03/28/2012 | First Financial Holdings | Refund | $55,926,478 | CPP |
Partial Repayment
On 3/28/2012, Treasury executed an underwriting agreement for the sale of 65,000 shares of First Financial Holdings, Inc. preferred stock at $873.51 per share (less underwriting discounts) for net proceeds of $55,926,477.75 plus accrued and unpaid dividends.
|
| 03/28/2012 | Wilshire Bancorp | Refund | $57,766,994 | CPP |
Partial Repayment
On 3/28/2012, Treasury executed an underwriting agreement for the sale of 62,158 shares of Wilshire Bancorp, Inc. preferred stock at $943.51 per share (less underwriting discounts) for net proceeds of $57,766,994.16 plus accrued and unpaid dividends.
|
| 03/28/2012 | Seacoast Banking Corp | Refund | $40,404,700 | CPP |
Partial Repayment
On 3/28/2012, Treasury executed an underwriting agreement for the sale of 2,000 shares of Seacoast Banking Corporation of Florida preferred stock at $20,510.00 per share (less underwriting discounts) for net proceeds of $40,404,700.00 plus accrued and unpaid dividends.
|
| 03/28/2012 | MainSource Financial Group | Refund | $52,277,171 | CPP |
Partial Repayment
On 3/28/2012, Treasury executed an underwriting agreement for the sale of 57,000 shares of MainSource Financial Group, Inc. preferred stock at $931.11 per share (less underwriting discounts) for net proceeds of $52,277,170.95 plus accrued and unpaid dividends.
|
| 03/28/2012 | WSFS Financial | Refund | $47,435,299 | CPP |
Partial Repayment
On 3/28/2012, Treasury executed an underwriting agreement for the sale of 52,625 shares of WSFS Financial Corporation preferred stock at $915.11 per share (less underwriting discounts) for net proceeds of $47,435,298.79 plus accrued and unpaid dividends.
|
| 03/28/2012 | Northern State Bank | Refund | $1,341,000 | CPP |
Partial Repayment
|
| 03/28/2012 | Northern State Bank | Warrant | $67,000 | CPP |
Warrant Proceeds
|
| 03/28/2012 | Northern State Bank | Refund | $1,230,000 | CPP |
Repayment
|
| 03/14/2012 | Oaktree PPIP Fund, L.P. | Refund | $39,387,753 | PPIP |
Partial Repayment
|
| 03/31/2012 | Freddie Mac | Dividend | $1,807,000,000 | PSI |
Dividend Payment
|
| 03/31/2012 | Fannie Mae | Dividend | $2,817,000,000 | PSI |
Dividend Payment
|
| 03/14/2012 | AG GECC PPIF Master Fund, L.P. | Refund | $99,462,003 | PPIP |
Partial Repayment
|
| 03/29/2012 | Invesco Legacy Securities Master Fund, L.P. | Proceeds | $56,390,209 | PPIP |
Distribution
|
| 03/29/2012 | Invesco Legacy Securities Master Fund, L.P. | Refund | $161,386,870 | PPIP |
Repayment
|
| 03/14/2012 | Invesco Legacy Securities Master Fund, L.P. | Refund | $3,035,546 | PPIP |
Partial Repayment
|
| 03/01/2012 | Workers United Federal Credit Union | Interest | $570 | CDCI |
Interest
|
| 03/07/2012 | Beach Business Bank | Dividend | $4,583 | CPP |
Dividend - Non-Cumulative
|
| 03/16/2012 | Community Bankers Trust Corp | Dividend | $287,152 | CPP |
Dividend - Cumulative
|
| 03/07/2012 | Heritage Commerce Corp | Dividend | $122,222 | CPP |
Dividend - Cumulative
|
| 03/09/2012 | Mainline Bancorp, Inc. | Dividend | $16,350 | CPP |
Dividend - Cumulative
|
| 03/14/2012 | MB Financial | Dividend | $789,444 | CPP |
Dividend - Cumulative
|
| 03/28/2012 | Northern State Bank | Dividend | $16,075 | CPP |
Dividend - Non-Cumulative
|
| 03/07/2012 | Patterson Bancshares | Dividend | $764 | CPP |
Dividend - Cumulative
|
| 03/21/2012 | Valley Commerce Bancorp | Dividend | $41,965 | CPP |
Dividend - Cumulative
|
| 03/28/2012 | Zions Bancorp | Dividend | $4,180,556 | CPP |
Dividend - Cumulative
|
| 03/14/2012 | AG GECC PPIF Master Fund, L.P. | Interest | $2,075,738 | PPIP |
Interest
|
| 03/14/2012 | AllianceBernstein Legacy Securities Master Fund, L.P. | Interest | $2,056,668 | PPIP |
Interest
|
| 03/14/2012 | Blackrock PPIF, L.P. | Interest | $1,060,737 | PPIP |
Interest
|
| 03/14/2012 | Invesco Legacy Securities Master Fund, L.P. | Interest | $286,559 | PPIP |
Interest
|
| 03/14/2012 | Marathon Legacy Securities Public-Private Investment Partnership, L.P. | Dividend | $228,470 | PPIP |
Distribution
|
| 03/14/2012 | Marathon Legacy Securities Public-Private Investment Partnership, L.P. | Interest | $955,973 | PPIP |
Interest
|
| 03/14/2012 | Oaktree PPIP Fund, L.P. | Dividend | $11,773,808 | PPIP |
Distribution
|
| 03/14/2012 | Oaktree PPIP Fund, L.P. | Interest | $662,834 | PPIP |
Interest
|
| 03/14/2012 | RLJ Western Asset Public/Private Master Fund, L.P. | Dividend | $2,564,318 | PPIP |
Distribution
|
| 03/14/2012 | RLJ Western Asset Public/Private Master Fund, L.P. | Interest | $1,236,487 | PPIP |
Interest
|
| 03/14/2012 | Wellington Management Legacy Securities PPIF Master Fund, LP | Interest | $2,055,996 | PPIP |
Interest
|
| 03/15/2012 | PrimeWest Mortgage Corporation | Subsidy | $100,000 (cumulative) | MHA |
Incentive Payments for Home Loan Modification
|