HCSB Financial Corporation
Loris,
S.C. |
See all recipients in
South Carolina
$12.9M
Disbursed
$129K
Returned
$1.09M
Revenue to Gov't
$11.7M
Net Outstanding
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.
This investment resulted in a loss to taxpayers.
| 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
This amount reflects the sum of dividends paid up to 5/31/2009
|
| 03/06/2009 | Purchase | $12,895,000 | CPP |
Purchase - Preferred Stock w/ Warrants
|