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

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$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 (â€œCurrituckâ€) 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.

Part of Capital Purchase Program

More info from www.treasury.gov
$54.8K Revenue

Nov. 16, 2009 Dividends payment

Part of Capital Purchase Program
$54.8K Revenue

Aug. 17, 2009 Dividends Paid in Aug. 2009

Part of Capital Purchase Program
$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

Part of Capital Purchase Program
$4.02M Bailout

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

Part of Capital Purchase Program

More info from www.financialstability.gov

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

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