Journalism in the Public Interest

Tidelands Bancshares

Mount Pleasant, S.C. | See all recipients in South Carolina

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

$14.4M Disbursed
$8.98M Returned
$1.2M Revenue to Gov't
$4.27M Net Outstanding
$14.4M 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.


  • $8.98M Payback

    Jul. 1, 2016 Partial Repayment

    On 7/1/2016, Treasury completed the sale to United Community Banks, Inc. (UCBI) of all of its CPP preferred stock and associated warrants issued by Tidelands Bancshares, Inc. (Tidelands) to UCBI for total proceeds of $8,984,227 subject to the satisfaction of conditions specified in the agreement. This transaction was in conjunction with a merger between Tidelands and UCBI.

    More info from

  • $181K Revenue

    Aug. 16, 2010 Dividends payment

  • $181K Revenue

    May 17, 2010 Dividends payment

  • $181K Revenue

    Feb. 16, 2010 Dividends payment

  • $181K Revenue

    Nov. 16, 2009 Dividends payment

  • $181K Revenue

    Aug. 17, 2009 Dividends Paid in Aug. 2009

  • $293K Revenue

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

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

  • $14.4M Bailout

    Dec. 19, 2008 Purchase - Preferred Stock w/ Warrants

Date Type Amount Program Description
07/01/2016 Refund $8,984,227 CPP Partial Repayment
08/16/2010 Dividend $180,600 CPP Dividends payment
05/17/2010 Dividend $180,600 CPP Dividends payment
02/16/2010 Dividend $180,600 CPP Dividends payment
11/16/2009 Dividend $180,600 CPP Dividends payment
08/17/2009 Dividend $180,600 CPP Dividends Paid in Aug. 2009
05/31/2009 Dividend $292,973 CPP Dividends Paid Through 5/31/2009
12/19/2008 Purchase $14,448,000 CPP Purchase - Preferred Stock w/ Warrants

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