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TriSummit Bank

Kingsport, Tenn. | See all recipients in Tennessee

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

$7M Disbursed
$5.2M Returned
$1.3M Revenue to Gov't
$506K Net Outstanding
$7M Committed
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  • Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.

Events

  • $14.1K Revenue

    Nov. 29, 2012 Dividend - Non-Cumulative

  • $125K Revenue

    Nov. 29, 2012 Warrant Proceeds

  • $2.05M Payback

    Nov. 29, 2012 Partial Repayment

    On 11/29/2012, Treasury completed the sale of 2,765 shares of TriSummit Bank Series B preferred stock at $750.00 per share (less a placement agent fee) for net proceeds of $2,053,012.50; 4,237 shares of TriSummit Bank Series D preferred stock at $750.00 per share (less a placement agent fee) for net proceeds of $3,145,972.50; and 138 shares of TriSummit Bank Series C preferred stock received upon the exercise of warrants at $912.50 per share (less a placement agent fee) for net proceeds of $124,665.75, pursuant to a placement agency agreement executed on 11/19/2012.

    More info from www.treasury.gov

  • $3.15M Payback

    Nov. 29, 2012 Partial Repayment

    On 11/29/2012, Treasury completed the sale of 2,765 shares of TriSummit Bank Series B preferred stock at $750.00 per share (less a placement agent fee) for net proceeds of $2,053,012.50; 4,237 shares of TriSummit Bank Series D preferred stock at $750.00 per share (less a placement agent fee) for net proceeds of $3,145,972.50; and 138 shares of TriSummit Bank Series C preferred stock received upon the exercise of warrants at $912.50 per share (less a placement agent fee) for net proceeds of $124,665.75, pursuant to a placement agency agreement executed on 11/19/2012.

    More info from www.treasury.gov

  • $90.6K Revenue

    Nov. 15, 2012 Dividend - Non-Cumulative

  • $90.6K Revenue

    Aug. 15, 2012 Dividend - Non-Cumulative

  • $90.6K Revenue

    May 15, 2012 Dividend - Non-Cumulative

  • $90.6K Revenue

    Feb. 15, 2012 Dividend - Non-Cumulative

  • $90.6K Revenue

    Nov. 15, 2011 Dividend - Non-Cumulative

  • $90.6K Revenue

    Aug. 15, 2011 Dividend - Non-Cumulative

  • $90.6K Revenue

    May 16, 2011 Dividend - Non-Cumulative

  • $90.6K Revenue

    Feb. 15, 2011 Dividend - Non-Cumulative

  • $90.6K Revenue

    Nov. 15, 2010 Dividend - Non-Cumulative

  • $90.6K Revenue

    Aug. 16, 2010 Dividends payment

  • $90.6K Revenue

    May 17, 2010 Dividends payment

  • $68.9K Revenue

    Feb. 16, 2010 Dividends payment

  • $4.24M Bailout

    Dec. 22, 2009 Preferred Stock

  • $37.7K Revenue

    Nov. 16, 2009 Dividends payment

  • $37.7K Revenue

    Aug. 17, 2009 Dividends Paid in Aug. 2009

  • $17.6K Revenue

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

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

  • $2.77M Bailout

    Apr. 3, 2009 Purchase - Preferred Stock w/ Exercised Warrants

Date Type Amount Program Description
11/29/2012 Warrant $124,666 CPP Warrant Proceeds
11/29/2012 Refund $2,053,013 CPP Partial Repayment
11/29/2012 Refund $3,145,973 CPP Partial Repayment
11/29/2012 Dividend $14,067 CPP Dividend - Non-Cumulative
11/15/2012 Dividend $90,630 CPP Dividend - Non-Cumulative
08/15/2012 Dividend $90,630 CPP Dividend - Non-Cumulative
05/15/2012 Dividend $90,630 CPP Dividend - Non-Cumulative
02/15/2012 Dividend $90,630 CPP Dividend - Non-Cumulative
11/15/2011 Dividend $90,630 CPP Dividend - Non-Cumulative
08/15/2011 Dividend $90,630 CPP Dividend - Non-Cumulative
05/16/2011 Dividend $90,630 CPP Dividend - Non-Cumulative
02/15/2011 Dividend $90,630 CPP Dividend - Non-Cumulative
11/15/2010 Dividend $90,630 CPP Dividend - Non-Cumulative
08/16/2010 Dividend $90,630 CPP Dividends payment
05/17/2010 Dividend $90,630 CPP Dividends payment
02/16/2010 Dividend $68,857 CPP Dividends payment
12/22/2009 Purchase $4,237,000 CPP Preferred Stock
11/16/2009 Dividend $37,668 CPP Dividends payment
08/17/2009 Dividend $37,668 CPP Dividends Paid in Aug. 2009
05/31/2009 Dividend $17,578 CPP Dividends Paid Through 5/31/2009
04/03/2009 Purchase $2,765,000 CPP Purchase - Preferred Stock w/ Exercised Warrants

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