First Reliance Bancshares
Florence,
S.C. |
See all recipients in
South Carolina
$15.3M
Disbursed
$10.3M
Returned
$2.67M
Revenue to Gov't
$2.35M
Net Outstanding
This investment resulted in a loss to taxpayers.
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 03/11/2013 | Warrant | $624,632 | CPP |
Warrant Proceeds
|
| 03/11/2013 | Refund | $10,327,021 | CPP |
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.
|
| 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
This amount reflects the sum of dividends paid up to 5/31/2009
|
| 03/06/2009 | Purchase | $15,349,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|