Bailout Events for June 2013

See entire timeline of bailout events.

Date Entity Type Amount Program Description
06/12/2013 Heritage Commerce Corp Warrant $140,000 CPP
Warrant Proceeds
06/12/2013 Banner Corp Warrant $134,201 CPP
Warrant Proceeds
06/12/2013 United Community Banks Warrant $6,677 CPP
Warrant Proceeds
06/12/2013 Coastal Banking Company Warrant $225,647 CPP
Warrant Proceeds
06/12/2013 Community West Bancshares Warrant $698,351 CPP
Warrant Proceeds
06/12/2013 Hawthorn Bancshares Warrant $540,000 CPP
Warrant Proceeds
06/12/2013 Timberland Bancorp Warrant $1,301,856 CPP
Warrant Proceeds
06/12/2013 International Bancshares Corporation Warrant $4,018,511 CPP
Warrant Proceeds
06/12/2013 Colony Bankcorp Warrant $810,000 CPP
Warrant Proceeds
06/12/2013 Central Pacific Financial Corp Warrant $751,888 CPP
Warrant Proceeds
06/12/2013 S&T Bancorp Warrant $527,361 CPP
Warrant Proceeds
06/12/2013 Yadkin Valley Financial Corp Warrant $20,000 CPP
Warrant Proceeds
06/12/2013 MainSource Financial Group Warrant $1,512,177 CPP
Warrant Proceeds
06/12/2013 MetroCorp Bancshares Warrant $2,087,368 CPP
Warrant Proceeds
06/12/2013 Old Second Bancorp Warrant $106,891 CPP
Warrant Proceeds
06/12/2013 Parke Bancorp Warrant $1,650,288 CPP
Warrant Proceeds
06/12/2013 Flagstar Bancorp Warrant $12,905 CPP
Warrant Proceeds
06/12/2013 Carolina Trust Bank Warrant $19,132 CPP
Warrant Proceeds
06/12/2013 IBT Bancorp Warrant $115,000 CPP
Warrant Proceeds
06/12/2013 IBT Bancorp Refund $2,295,000 CPP
Repayment
06/12/2013 Yadkin Valley Financial Corp Warrant $55,677 CPP
Warrant Proceeds
06/12/2013 Freedom First Federal Credit Union Refund $9,278,000 CDCI
06/12/2013 General Motors Refund $1,031,700,000 AIFP
Partial Repayment
On 6/12/2013, Treasury sold 30,000,000 shares of GM common stock in a registered public offering at $34.41 per share for net proceeds to Treasury of $ 1,031,700,000. The sale further reduced Treasury's equity stake in GM to 13.8 percent.
06/06/2013 TALF LLC Proceeds $96,496,772 TALF
Proceeds
06/05/2013 Patterson Bancshares Refund $2,440,000 CPP
Repayment
06/05/2013 Patterson Bancshares Warrant $185,000 CPP
Warrant Proceeds
06/04/2013 Invesco Legacy Securities Master Fund, L.P. Proceeds $69,399 PPIP
Distribution - Adjusted
On, 6/5/2013, Invesco Mortgage Recovery Master Fund L.P. made a distribution to Treasury that is the result of adjustments made to positions previously held by the Invesco Legacy Securities Master Fund, L.P. “Partnership”, of which The U.S. Department of the Treasury is a Limited Partner. The adjusted distribution was made 18 months after the Final Distribution on 9/28/2012.
06/13/2013 Invesco Legacy Securities Master Fund, L.P. Proceeds $1,735 PPIP
Distribution - Adjusted
On, 6/5/2013, Invesco Mortgage Recovery Master Fund L.P. made a distribution to Treasury that is the result of adjustments made to positions previously held by the Invesco Legacy Securities Master Fund, L.P. “Partnership”, of which The U.S. Department of the Treasury is a Limited Partner. The adjusted distribution was made 18 months after the Final Distribution on 9/28/2012.
06/03/2013 Oaktree PPIP Fund, L.P. Refund $31,835,008 PPIP
Repayment
06/03/2013 Oaktree PPIP Fund, L.P. Proceeds $46,575,750 PPIP
Distribution
06/03/2013 Oaktree PPIP Fund, L.P. Proceeds $1,960,289 PPIP
Distribution
06/14/2013 Oaktree PPIP Fund, L.P. Proceeds $54,999,725 PPIP
Distribution
06/14/2013 Oaktree PPIP Fund, L.P. Proceeds $1,375,007 PPIP
Distribution
06/28/2013 Metropolitan Bank Group Refund $23,718,542 CPP
Partial Repayment
On 6/28/2013, Treasury completed the sale to MBG Investors I, L.P. of all preferred stock (including the preferred stock received upon the exercise of warrants) issued by Metropolitan Bank Group, Inc. to Treasury for an aggregate purchase price of $26,000,000.00, pursuant to the terms of the agreement among Treasury, MBG Investors I, L.P. and Metropolitan Bank Group, Inc. entered into on 6/26/2013.
06/28/2013 NC Bancorp Refund $2,281,458 CPP
Partial Repayment
On 6/28/2013, Treasury completed the sale to MBG Investors I, L.P. of all preferred stock (including the preferred stock received upon the exercise of warrants) issued by Metropolitan Bank Group, Inc. to Treasury for an aggregate purchase price of $26,000,000.00, pursuant to the terms of the agreement among Treasury, MBG Investors I, L.P. and Metropolitan Bank Group, Inc. entered into on 6/26/2013.
06/26/2013 Oaktree PPIP Fund, L.P. Proceeds $11,749,941 PPIP
Distribution
06/26/2013 Oaktree PPIP Fund, L.P. Proceeds $293,751 PPIP
Distribution
06/24/2013 Oaktree PPIP Fund, L.P. Proceeds $27,999,860 PPIP
Distribution
06/24/2013 Oaktree PPIP Fund, L.P. Proceeds $700,004 PPIP
Distribution
06/24/2013 Intervest Bancshares Refund $24,007,500 CPP
Partial Repayment
On 6/24/2013, Treasury completed the sale of 25,000 shares of Intervest Bancshares Corp preferred stock at $970.00 per share (less a placement agent fee) for net proceeds of $24,007,500.00 , pursuant to a placement agency agreement executed on 6/14/2013.
06/24/2013 First Western Financial Refund $7,647,253 CPP
On 6/24/2013, Treasury completed the sale of 8,559 shares of First Western Financial, Inc. preferred stock at $902.50 per share (less a placement agent fee) for net proceeds of $7,647,252.53 , pursuant to a placement agency agreement executed on 6/14/2013.
06/24/2013 Farmers & Merchants Financial Corp Refund $400,425 CPP
Partial Repayment
On 6/24/2013, Treasury completed the sale of 442 shares of Farmer & Merchants Financial Corporation preferred stock at $962.50 per share (less a placement agent fee) for net proceeds of $400,425.00 and 22 shares of Farmer & Merchants Financial Corporation preferred stock received upon the exercise of warrants at $1,007.50 per share (less a placement agent fee) for net proceeds of -$2,835.00, pursuant to a placement agency agreement executed on 6/14/2013.
06/24/2013 Pathway Bancorp Refund $3,727,000 CPP
Repayment
06/24/2013 Pathway Bancorp Proceeds $597,446 CPP
Proceeds
On 6/24/2013, Treasury completed the sale of 3,727 shares of Pathway Bancorp preferred stock at $1,167.01 per share (less a placement agent fee) for net proceeds of $4,324,446.27 and 186 shares of Pathway Bancorp preferred stock received upon the exercise of warrants at $1,352.50 per share (less a placement agent fee) for net proceeds of $226,565.00, pursuant to a placement agency agreement executed on 6/14/2013.
06/24/2013 Pathway Bancorp Warrant $226,565 CPP
Warrant Proceeds
06/24/2013 Security State Bank Holding Company Refund $10,750,000 CPP
Repayment
06/24/2013 Security State Bank Holding Company Proceeds $1,659,261 CPP
Proceeds
On 6/24/2013, Treasury completed the sale of its Security State Bank Holding Company subordinated debentures for net proceeds of $12,409,261.43 and its Security State Bank Holding Company subordinated debentures received upon the exercise of warrants for proceeds of $720,368.55, pursuant to a placement agency agreement executed on 6/14/2013.
06/24/2013 Security State Bank Holding Company Warrant $720,369 CPP
Warrant Proceeds
06/24/2013 Worthington Financial Holdings, Inc. Refund $2,318,851 CPP
Partial Repayment
On 6/24/2013, Treasury completed the sale of 2,720 shares of Worthington Financial Holdings, Inc. preferred stock at $861.71 per share (less a placement agent fee) for net proceeds of $2,318,851.2 and 136 shares of Worthington Financial Holdings, Inc. preferred stock received upon the exercise of warrants at $852.50 per share (less a placement agent fee) for proceeds of $90,940.00, pursuant to a placement agency agreement executed on 6/14/2013.
06/24/2013 Worthington Financial Holdings, Inc. Warrant $90,940 CPP
Warrant Proceeds
06/24/2013 First Western Financial Refund $3,237,045 CPP
Partial Repayment
On 6/24/2013, Treasury completed the sale of 3,881 shares of First Western Financial, Inc. preferred stock at $842.50 per share (less a placement agent fee) for net proceeds of $3,237,045.08, pursuant to a placement agency agreement executed on 6/14/2013.
06/30/2013 Fannie Mae Dividend $59,368,000,000 PSI
Dividend Payment
The dividend was based on Fannie having a net worth of $62.4 billion at March 31, 2013 minus the capital reserve amount of $3 billion.
06/30/2013 Freddie Mac Dividend $6,971,000,000 PSI
Dividend Payment
The dividend amount was based on a net worth amount of $10.0 billion at March 31, 2013 minus the capital reserve of $3 billion.
06/21/2013 Intervest Bancshares Dividend $3,800,340 CPP
Dividend - Cumulative
06/24/2013 Intervest Bancshares Dividend $1,109,660 CPP
Dividend - Cumulative
06/21/2013 First Western Financial Dividend $42,276 CPP
Dividend - Cumulative
06/24/2013 First Western Financial Dividend $25,149 CPP
Dividend - Cumulative
06/12/2013 IBT Bancorp Dividend $9,383 CPP
Dividend - Cumulative
06/05/2013 Patterson Bancshares Dividend $7,703 CPP
Dividend - Cumulative
06/24/2013 Farmers & Merchants Financial Corp Dividend $1,507 CPP
Dividend - Cumulative
06/21/2013 Farmers & Merchants Financial Corp Dividend $1,104 CPP
Dividend - Cumulative
06/14/2013 Cheviot Savings Bank Subsidy $11,344 (cumulative) MHA
Incentive Payments for Home Loan Modification
So far, $9.1K has actually been disbursed:
  • Borrower: $4,000.00
  • Investor: $3,075.53
  • Servicer: $2,000.00
06/12/2013 Freedom First Federal Credit Union Interest $13,917 CDCI
Interest
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