Capital Bank
Capital Bank returned its bailout funds on Jan. 28, 2011
| Disbursed | $41,279,000 |
| Returned | $41,279,000 |
| Revenue to Gov't | $3,973,104 |
| Profit | $3,973,104 |
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Map: Corporate headquarters of Capital Bank.
Raleigh,
N.C.
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Treasury entered into an agreement on 1/28/2011 with North American Financial Holdings, Inc. for the sale of all Preferred Stock and Warrants issued by Capital Bank Corporation to Treasury for an aggregate purchase price of $41,279,000. Since the conditions to closing of the sale were satisfied, the closing of the sale also occurred on
1/28/2011.
Events
-
$41M Payback
Jan. 28, 2011 Repayment
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$516K Revenue
Nov. 15, 2010 Dividend - Cumulative
Part of Capital Purchase Program -
$516K Revenue
Aug. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$516K Revenue
May 17, 2010 Dividends payment
Part of Capital Purchase Program -
$516K Revenue
Feb. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$516K Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$516K Revenue
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of Capital Purchase Program -
$877K 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 -
$41M Bailout
Dec. 12, 2008 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 01/28/2011 | Refund | $41,279,000 | CPP | Repayment |
| 11/15/2010 | Dividend | $515,988 | CPP | Dividend - Cumulative |
| 08/16/2010 | Dividend | $515,988 | CPP | Dividends payment |
| 05/17/2010 | Dividend | $515,988 | CPP | Dividends payment |
| 02/16/2010 | Dividend | $515,988 | CPP | Dividends payment |
| 11/16/2009 | Dividend | $515,988 | CPP | Dividends payment |
| 08/17/2009 | Dividend | $515,988 | CPP | Dividends Paid in Aug. 2009 |
| 05/31/2009 | Dividend | $877,179 | CPP | Dividends Paid Through 5/31/2009 |
| 12/12/2008 | Purchase | $41,279,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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