ProPublica

Journalism in the Public Interest

Citizens Bancshares Co.

Chillicothe, Mo. | See all recipients in Missouri

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

$25M Disbursed
$12.7M Returned
$1.27M Revenue to Gov't
$11M Net Outstanding
$25M 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

  • $645K Revenue

    Feb. 8, 2013 Warrant Proceeds

  • $12.7M Payback

    Feb. 8, 2013 Partial Repayment

    On 2/8/2013, Treasury completed the sale of 24,990 shares of Citizens Bancshares Co. preferred stock at $512.50 per share (less a placement agent fee) for net proceeds of $12,679,301.25 and 1,250 shares of Citizens Bancshares Co. preferred stock received upon the exercise of warrants at $521.25 per share (less a placement agent fee) for net proceeds of $645,046.87, pursuant to a placement agency agreement executed on 1/29/2013.

    More info from www.treasury.gov

  • $341K Revenue

    Nov. 16, 2009 Dividends payment

  • $288K Revenue

    Aug. 14, 2009 Dividends Paid in Aug. 2009

  • $25M Bailout

    May 29, 2009 Purchase - Preferred Stock w/ Exercised Warrants

Date Type Amount Program Description
02/08/2013 Refund $12,679,301 CPP Partial Repayment
02/08/2013 Warrant $645,047 CPP Warrant Proceeds
11/16/2009 Dividend $340,500 CPP Dividends payment
08/14/2009 Dividend $287,533 CPP Dividends Paid in Aug. 2009
05/29/2009 Purchase $24,990,000 CPP Purchase - Preferred Stock w/ Exercised Warrants

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