ProPublica

Journalism in the Public Interest

Citizens Commerce Bancshares

Versailles, Ky. | See all recipients in Kentucky

This investment resulted in a loss to taxpayers. See below for details.

$6.3M Disbursed
$4.8M Returned
$180K Revenue to Gov't
$1.32M Net Outstanding
$6.3M Committed
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Events

  • $4.8M Payback

    Feb. 28, 2017 Partial Repayment

    On 2/28/2017, Treasury completed the exchange of its Citizens Commerce Bancshares, Inc. preferred stock and warrant-preferred stock for common stock pursuant to an exchange agreement of the same date with Citizens Commerce Bancshares, Inc. As part of that transaction, Treasury immediately sold the resulting Citizens Commerce Bancshares, Inc. common stock to purchasers pursuant to securities purchase agreements, each dated as of 2/28/2017, with the purchaser parties thereto.

  • $85.8K Revenue

    Aug. 17, 2009 Dividends Paid in Aug. 2009

  • $94.4K Revenue

    May 31, 2009 Dividends Paid Through 5/31/2009

    This amount reflects the sum of dividends paid up to 5/31/2009

  • $6.3M Bailout

    Feb. 6, 2009 Purchase - Preferred Stock w/ Exercised Warrants

Date Type Amount Program Description
02/28/2017 Refund $4,800,000 CPP Partial Repayment
08/17/2009 Dividend $85,838 CPP Dividends Paid in Aug. 2009
05/31/2009 Dividend $94,421 CPP Dividends Paid Through 5/31/2009
02/06/2009 Purchase $6,300,000 CPP Purchase - Preferred Stock w/ Exercised Warrants

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