Interested to know where the initial $700 Billion in bailout funds went? The New York Times has a great list that shows to date what went where - and who has paid their funds back.
Source Document: New York Times - Click above for Source Link
In summary, $549.4 Billion has been issued, $150.6 Billion is still uncommitted, and $70.1 Billion has been returned.
Bringing this down to a local level - a total of $25.731 Billion has been issued to Bay Area banks (all money is currently outstanding, none has been paid back). A list of the specific Bay Area banks is below:
- California Bank of Commerce (Lafayette) - $4Million
- Peninsula Bank Holding (Palo Alto) - $6Million
- FNB Bancorp South (San Francisco) - $12Million
- United American Bank (San Mateo) - $9Million
- Westamerica Bancorporation (San Rafael) - $84Million
- First ULB (Oakland) - $4.9Million
- Community Bank of the Bay (Oakland) - $2Million
- Pacific Coast Bankers' Bancshares (San Francisco) - $12Million
- UCBH Holdings (San Francisco) - $299 Million
- Wells Fargo (San Francisco) - $25 BILLION
- Bridge Capital Holdings (San Jose) $24 Million
- Heritage Commerce (San Jose) $40 Million
- SVB Financial Group (Santa Clara) $235 Million
