How Much of the $700 Billion Bailout Made Its Way to the Bay Area?

Posted by Expert Gadget Reviewer on Monday, 24 August 2009

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