ProPublica

Journalism in the Public Interest

Cancel

The Bank of Currituck

Moyock, N.C. | See all recipients in North Carolina

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

$4.02M Disbursed
$1.74M Returned
$170K Revenue to Gov't
$2.11M Net Outstanding
$4.02M Committed
Jump to table of transactions
Find a Bailout
Type the name of a bank:

Find bailouts in your state:


  • Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.

Events

  • $1.74M Payback

    Dec. 3, 2010 Partial Repayment

    On 12/3/2010, Treasury completed the sale of all preferred stock (including the preferred stock received upon the exercise of warrants) issued by The Bank of Currituck (“Currituck”) to Treasury for an aggregate purchase price of $1,742,850, pursuant to the terms of the agreement between Treasury and Currituck entered into on 11/5/2010.

    More info from www.treasury.gov

  • $54.8K Revenue

    Nov. 16, 2009 Dividends payment

  • $54.8K Revenue

    Aug. 17, 2009 Dividends Paid in Aug. 2009

  • $60.3K Revenue

    May 31, 2009 Dividends Paid Through 5/31/2009

    This amount reflects the sum of dividends paid up to 5/31/2009

  • $4.02M Bailout

    Feb. 6, 2009 Purchase - Preferred Stock w/ Exercised Warrants

Date Type Amount Program Description
12/03/2010 Refund $1,742,850 CPP Partial Repayment
11/16/2009 Dividend $54,785 CPP Dividends payment
08/17/2009 Dividend $54,785 CPP Dividends Paid in Aug. 2009
05/31/2009 Dividend $60,264 CPP Dividends Paid Through 5/31/2009
02/06/2009 Purchase $4,021,000 CPP Purchase - Preferred Stock w/ Exercised Warrants

For our blog, resources and more, see our main bailout page.