Eye on the Bailout
Popular, Inc.
San Juan, Puerto Rico
| Committed: | $935,000,000 | ||||
| Disbursed: | $935,000,000 | Returned: | $0 | Revenue to Gov't: | $44,296,527 |
| Net Outstanding: | $890,703,473 | ||||
Jump to listing of transactions
| 0.1% | of all bailout funds committed. |
| 1% | of the Bank industry bailout. |
Map: Corporate headquarters of Popular, Inc..
See all recipients in Puerto Rico
Events
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$935M
Dec. 5, 2008 Purchase - Preferred Stock w/ Warrants
Part of the Capital Purchase Program
More info from biz.yahoo.com
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$20.8M
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
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$13M
Aug. 24, 2009 Exchange Fee
On 8/24/2009, Treasury exchanged its Series C Preferred Stock for a like amount of non tax-deductible Trust Preferred Securities. Popular, Inc. paid a $13 million exchange fee in connection with this transaction.
Part of the Capital Purchase Program
More info from www.financialstability.gov
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$10.5M
Nov. 16, 2009 Dividends payment
Part of the Capital Purchase Program
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 11/16/2009 | Dividend | $10,518,750 | CPP | Dividends payment |
| 08/24/2009 | Fee | $13,000,000 | CPP | Exchange Fee |
| 05/31/2009 | Dividend | $20,777,778 | CPP | Dividends Paid Through 5/31/2009 |
| 12/05/2008 | Purchase | $935,000,000 | 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
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