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HCSB Financial Corporation

Loris, S.C. | See all recipients in South Carolina

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

$12.9M Disbursed
$129K Returned
$1.09M Revenue to Gov't
$11.7M Net Outstanding
$12.9M Committed
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On 2/29/2016, Treasury entered into an agreement with HCSB (the “Company”) pursuant to which Treasury agreed to sell its CPP preferred stock back to the Company at a discount subject to the satisfaction of the conditions specified in the agreement. The sale was completed on 4/11/2016.

Events

Date Type Amount Program Description
04/11/2016 Refund $128,950 CPP Partial Repayment
11/15/2010 Dividend $161,188 CPP Dividend - Cumulative
08/16/2010 Dividend $161,188 CPP Dividends payment
05/17/2010 Dividend $161,188 CPP Dividends payment
02/16/2010 Dividend $161,188 CPP Dividends payment
11/13/2009 Dividend $161,188 CPP Dividends payment
08/14/2009 Dividend $161,188 CPP Dividends Paid in Aug. 2009
05/31/2009 Dividend $123,577 CPP Dividends Paid Through 5/31/2009
03/06/2009 Purchase $12,895,000 CPP Purchase - Preferred Stock w/ Warrants

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