TIB Financial Corp
Naples,
Fla. |
See all recipients in Florida
This investment resulted in a loss to taxpayers. See below for details.
| $37M Disbursed |
| $12.1M Returned |
| $1.32M Revenue to Gov't |
| $23.6M Net Outstanding |
| $37M Committed |
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On 9/24/2010, Treasury entered into an agreement with North American Financial Holdings, Inc. for the sale of all Preferred Stock and Warrants issued by TIB Financial Corp. to Treasury at an aggregate purchase price of $12.12 million for the Preferred Stock and $40,000 for the Warrants.
Events
-
$40K Revenue
Sep. 30, 2010 Warrant Proceeds
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$12.1M Payback
Sep. 30, 2010 Partial Repayment
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$463K Revenue
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of Capital Purchase Program -
$822K 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 -
$37M Bailout
Dec. 5, 2008 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 09/30/2010 | Refund | $12,119,637 | CPP | Partial Repayment |
| 09/30/2010 | Warrant | $40,000 | CPP | Warrant Proceeds |
| 08/17/2009 | Dividend | $462,500 | CPP | Dividends Paid in Aug. 2009 |
| 05/31/2009 | Dividend | $822,222 | CPP | Dividends Paid Through 5/31/2009 |
| 12/05/2008 | Purchase | $37,000,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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