Bailout Events for June 2016
See entire timeline of bailout events.
| Date | Entity | Type | Amount | Program | Description |
|---|---|---|---|---|---|
| 06/02/2016 | Security Capital Corporation | Refund | $5,660,000 | CDCI |
Repayment
|
| 06/15/2016 | Sonoma Valley Bancorp | Refund | $150,000 | CPP |
Partial Repayment
Sonoma Valley Bancorp was liquidated and dissolved pursuant to the provision of the California Corporations Code. As part of that liquidation and dissolution, UST received a distribution of $150,000 from Sonoma Valley Bancorp on 6/15/2016.
|
| 06/29/2016 | Virginia Community Capital, Inc. | Refund | $1,915,000 | CDCI |
Repayment
|
| 06/30/2016 | Fannie Mae | Dividend | $919,000,000 | PSI |
Dividend Payment
The dividend was based on Fannie having a net worth of $2.1 billion as of March 31, 2016 minus the capital reserve amount of $1.2 billion.
|
| 06/30/2016 | Liberty Shares | Refund | $3,600,000 | CPP |
Partial Repayment
On 6/30/2016, Treasury completed the exchange of its Liberty Shares, Inc. preferred stock and warrant-preferred stock for common stock pursuant to an exchange agreement of the same date with Liberty Shares, Inc. As part of that transaction, Treasury immediately sold the resulting Liberty Shares, Inc. common stock to purchasers pursuant to securities purchase agreements, each dated as of 6/30/2016, with the purchaser parties thereto.
|
| 06/29/2016 | Virginia Community Capital, Inc. | Interest | $4,681 | CDCI |
Interest
|
| 06/16/2016 | Rockland Trust Company | Subsidy | $40,000 (cumulative) | MHA |
Incentive Payments for Home Loan Modification
So far,
$26K
has actually been disbursed:
Subsidy as of July 2022
|
| 06/16/2016 | Banner Bank | Subsidy | $20,000 (cumulative) | MHA |
Incentives for Home Loan Modifications
So far,
$13K
has actually been disbursed:
Subsidy as of July 2022
|
| 06/01/2016 | North Carolina Housing Finance Agency | Subsidy | $145,709,333 (cumulative) | 4HM |
|