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Cadence Financial Corp

Starkville, Miss. | See all recipients in Mississippi

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

$44M Disbursed
$38M Returned
$3.98M Revenue to Gov't
$2.02M Net Outstanding
$44M 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

  • $1.01M Revenue

    Mar. 4, 2011 Dividend - Cumulative

  • $550K Revenue

    May 17, 2010 Dividends payment

  • $38M Payback

    Mar. 4, 2010 Partial Repayment

    Treasury entered into an agreement as of 10/29/2010 with Community Bancorp LLC for the sale of all Preferred Stock and Warrants issued by Cadence Financial Corporation to Treasury for an aggregate purchase price of (i) $38 million plus (ii) accrued and unpaid dividends through the date of the agreement. Completion of the sale is subject to
    the fulfillment of certain closing conditions.

    More info from www.treasury.gov

  • $550K Revenue

    Feb. 16, 2010 Dividends payment

  • $550K Revenue

    Nov. 16, 2009 Dividends payment

  • $550K Revenue

    Aug. 17, 2009 Dividends Paid in Aug. 2009

  • $770K Revenue

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

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

  • $44M Bailout

    Jan. 9, 2009 Purchase - Preferred Stock w/ Warrants

Date Type Amount Program Description
03/04/2011 Dividend $1,014,063 CPP Dividend - Cumulative
05/17/2010 Dividend $550,000 CPP Dividends payment
03/04/2010 Refund $38,000,000 CPP Partial Repayment
02/16/2010 Dividend $550,000 CPP Dividends payment
11/16/2009 Dividend $550,000 CPP Dividends payment
08/17/2009 Dividend $550,000 CPP Dividends Paid in Aug. 2009
05/31/2009 Dividend $770,000 CPP Dividends Paid Through 5/31/2009
01/09/2009 Purchase $44,000,000 CPP Purchase - Preferred Stock w/ Warrants

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