First Reliance Bancshares
Florence,
S.C. |
See all recipients in South Carolina
This investment resulted in a loss to taxpayers. See below for details.
| $15.3M Disbursed |
| $10.3M Returned |
| $2.67M Revenue to Gov't |
| $2.35M Net Outstanding |
| $15.3M Committed |
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Events
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$625K Revenue
Mar. 11, 2013 Warrant Proceeds
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$10.3M Payback
Mar. 11, 2013 Partial Repayment
On 3/11/2013, Treasury completed the sale of 15,349 shares of First Reliance Bancshares, Inc. preferred stock at $679.61 per share (less a placement agent fee) for net proceeds of $10,327,020.55 and 767 shares of First Reliance Bancshares, Inc. preferred stock received upon the exercise of warrants at $822.61 per share (less a placement agent fee) for net proceeds of $624,632.45, pursuant to a placement agency agreement executed on 2/25/2013.
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$209K Revenue
Aug. 15, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$209K Revenue
May 16, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$209K Revenue
Feb. 15, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$209K Revenue
Nov. 15, 2010 Dividend - Cumulative
Part of Capital Purchase Program -
$209K Revenue
Aug. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$209K Revenue
May 17, 2010 Dividends payment
Part of Capital Purchase Program -
$209K Revenue
Feb. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$209K Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$209K Revenue
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of Capital Purchase Program -
$160K Revenue
May 31, 2009 Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
Part of Capital Purchase Program -
$15.3M Bailout
Mar. 6, 2009 Purchase - Preferred Stock w/ Exercised Warrants
Part of Capital Purchase ProgramMore info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 03/11/2013 | Refund | $10,327,021 | CPP | Partial Repayment |
| 03/11/2013 | Warrant | $624,632 | CPP | Warrant Proceeds |
| 08/15/2011 | Dividend | $209,120 | CPP | Dividend - Cumulative |
| 05/16/2011 | Dividend | $209,120 | CPP | Dividend - Cumulative |
| 02/15/2011 | Dividend | $209,120 | CPP | Dividend - Cumulative |
| 11/15/2010 | Dividend | $209,120 | CPP | Dividend - Cumulative |
| 08/16/2010 | Dividend | $209,120 | CPP | Dividends payment |
| 05/17/2010 | Dividend | $209,120 | CPP | Dividends payment |
| 02/16/2010 | Dividend | $209,120 | CPP | Dividends payment |
| 11/16/2009 | Dividend | $209,120 | CPP | Dividends payment |
| 08/17/2009 | Dividend | $209,120 | CPP | Dividends Paid in Aug. 2009 |
| 05/31/2009 | Dividend | $160,326 | CPP | Dividends Paid Through 5/31/2009 |
| 03/06/2009 | Purchase | $15,349,000 | CPP | Purchase - Preferred Stock w/ Exercised Warrants |
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