Eye on the Bailout
LSB Corp
North Andover, Mass.
| Committed: | $15,000,000 | ||||
| Disbursed: | $15,000,000 | Returned: | $15,000,000 | Revenue to Gov't: | $1,260,000 |
| Profit: | $1,260,000 | ||||
Jump to listing of transactions
LSB Corp returned its bailout funds on Nov. 18, 2009
Map: Corporate headquarters of LSB Corp.
See all recipients in Massachusetts
Events
-
$15M
Dec. 12, 2008 Purchase - Preferred Stock w/ Warrants
Part of the Capital Purchase Program
More info from biz.yahoo.com
-
$318.8Th
May 31, 2009 Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
Part of the Capital Purchase Program
-
$187.5Th
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of the Capital Purchase Program
-
$193.8Th
Nov. 16, 2009 Dividend Payment
Part of the Capital Purchase Program
More info from www.financialstability.gov
-
$15M
Nov. 18, 2009
Part of the Capital Purchase Program
More info from finance.yahoo.com
-
$560Th
Dec. 16, 2009 Warrant Proceeds
Part of the Capital Purchase Program
More info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 12/16/2009 | Warrant | $560,000 | CPP | Warrant Proceeds |
| 11/18/2009 | Refund | $15,000,000 | CPP | |
| 11/16/2009 | Dividend | $193,750 | CPP | Dividend Payment |
| 08/17/2009 | Dividend | $187,500 | CPP | Dividends Paid in Aug. 2009 |
| 05/31/2009 | Dividend | $318,750 | CPP | Dividends Paid Through 5/31/2009 |
| 12/12/2008 | Purchase | $15,000,000 | CPP | Purchase - Preferred Stock w/ Warrants |
For our blog, resources and more, see our main bailout page.
TARP Watchdog Launches Audit of Bailout Contracts 2/9
Chase Denied Loan Mods for Now Forbidden Reason—Homeowners in Limbo 2/4
Homeowners Say Banks Not Following Rules for Loan Modifications 1/14
Loan Mod Program Delays Even Worse for Those Struggling Not to Fall Behind 12/21
Bailout Breakdown: Losses Likely to Be Larger Than Treasury Estimates 12/11
Interactive Chart Shows Breakdown of Slow-Moving Loan Mod Program 12/11
Homeowners Getting Blame for Lack of Loan Mods, but Evidence Points to Banks and Servicers, Too 12/9
Bailout Balance Sheet December 2009: Taxpayers’ Revenues Grow, but So Do Losses 12/3
We're tracking where the bailout money is going. Our lead bailout reporter – and blogger – is ProPublica's . Lead developer is .
ProPublica is an independent, non-profit newsroom that produces investigative journalism in the public interest. We strive to foster change through exposing exploitation of the weak by the strong and the failures of those with power to vindicate the trust placed in them.
© Copyright 2010 Pro Publica Inc.
FREE REPRINTS
Unless otherwise noted, you can republish our articles and graphics (but not our photographs) for free. You just have to credit us and link to us, and you can’t edit our material or sell it separately. (We're licensed under Creative Commons, which provides the legal details.)