Eye on the Bailout
Valley National
Wayne, N.J.
| Committed: | $300,000,000 | ||||
| Disbursed: | $300,000,000 | Returned: | $300,000,000 | Revenue to Gov't: | $12,979,166 |
| Profit: | $12,979,166 | ||||
Jump to listing of transactions
Valley National returned its bailout funds on Dec. 23, 2009
Map: Corporate headquarters of Valley National.
See all recipients in New Jersey
Events
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$300M
Nov. 14, 2008 Purchase - Preferred Stock w/ Warrants
Part of the Capital Purchase Program
More info from www.forbes.com
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$7.5M
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
-
$75M
Jun. 3, 2009
Part of the Capital Purchase Program
More info from www.snl.com
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$187.5Th
Jun. 3, 2009 Dividend Paid
Part of the Capital Purchase Program
More info from www.financialstability.gov
-
$2.8M
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of the Capital Purchase Program
-
$125M
Sep. 23, 2009
Part of the Capital Purchase Program
More info from www.financialstability.gov
-
$659.7Th
Sep. 23, 2009 Dividend Paid
Part of the Capital Purchase Program
More info from www.financialstability.gov
-
$1.3M
Nov. 16, 2009 Dividend Payment
Part of the Capital Purchase Program
More info from www.financialstability.gov
-
$100M
Dec. 23, 2009 Repayment
Part of the Capital Purchase Program
More info from www.financialstability.gov
-
$527.8Th
Dec. 23, 2009 Dividend Payment
Part of the Capital Purchase Program
More info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 12/23/2009 | Refund | $100,000,000 | CPP | Repayment |
| 12/23/2009 | Dividend | $527,778 | CPP | Dividend Payment |
| 11/16/2009 | Dividend | $1,250,000 | CPP | Dividend Payment |
| 09/23/2009 | Refund | $125,000,000 | CPP | |
| 09/23/2009 | Dividend | $659,722 | CPP | Dividend Paid |
| 08/17/2009 | Dividend | $2,812,500 | CPP | Dividends Paid in Aug. 2009 |
| 06/03/2009 | Refund | $75,000,000 | CPP | |
| 06/03/2009 | Dividend | $187,500 | CPP | Dividend Paid |
| 05/31/2009 | Dividend | $7,541,667 | CPP | Dividends Paid Through 5/31/2009 |
| 11/14/2008 | Purchase | $300,000,000 | CPP | Purchase - Preferred Stock w/ Warrants |
For our blog, resources and more, see our main bailout page.
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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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