First Security Group
Chattanooga,
Tenn. |
See all recipients in Tennessee
This investment resulted in a loss to taxpayers. See below for details.
| $33M Disbursed |
| $14.9M Returned |
| $1.4M Revenue to Gov't |
| $16.7M Net Outstanding |
| $33M Committed |
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Events
-
$14.9M Payback
Apr. 11, 2013 Partial Repayment
On 4/11/2013, Treasury completed the exchange of its First Security Group, Inc. (FSGI) preferred stock for common stock, pursuant to an exchange agreement, dated as of 2/25/2013, between Treasury and FSGI, and sold the resulting FSGI common stock, pursuant to securities purchase agreements, each dated as of 4/9/2013.
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$413K Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$413K Revenue
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of Capital Purchase Program -
$578K 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 -
$33M Bailout
Jan. 9, 2009 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from biz.yahoo.com
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 04/11/2013 | Refund | $14,912,862 | CPP | Partial Repayment |
| 11/16/2009 | Dividend | $412,500 | CPP | Dividends payment |
| 08/17/2009 | Dividend | $412,500 | CPP | Dividends Paid in Aug. 2009 |
| 05/31/2009 | Dividend | $577,500 | CPP | Dividends Paid Through 5/31/2009 |
| 01/09/2009 | Purchase | $33,000,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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