First Alliance Bancshares
Cordova,
Tenn. |
See all recipients in Tennessee
This investment resulted in a loss to taxpayers. See below for details.
| $3.42M Disbursed |
| $2.37M Returned |
| $633K Revenue to Gov't |
| $418K Net Outstanding |
| $3.42M Committed |
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Events
-
$94.7K Revenue
Dec. 20, 2012 Warrant Proceeds
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$2.37M Payback
Dec. 20, 2012 Partial Repayment
On 12/20/2012, Treasury completed the sale of 3,422 shares of First Alliance Bancshares, Inc. preferred stock at $700.10 per share (less a placement agent fee) for net proceeds of $2,370,742.20 and 171 shares of First Alliance Bancshares, Inc. preferred stock received upon the exercise of warrants at $700.01 per share (less a placement agent fee) for net proceeds of $94,701.71, pursuant to a placement agency agreement executed on 12/11/2012.
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$46.6K Revenue
May 15, 2012 Dividend - Cumulative
Part of Capital Purchase Program -
$46.6K Revenue
Feb. 15, 2012 Dividend - Cumulative
Part of Capital Purchase Program -
$46.6K Revenue
Nov. 16, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$46.6K Revenue
Aug. 15, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$46.6K Revenue
May 16, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$46.6K Revenue
Feb. 14, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$46.6K Revenue
Nov. 15, 2010 Dividend - Cumulative
Part of Capital Purchase Program -
$46.6K Revenue
Aug. 12, 2010 Dividends payment
Part of Capital Purchase Program -
$46.6K Revenue
May 17, 2010 Dividends payment
Part of Capital Purchase Program -
$46.6K Revenue
Feb. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$46.6K Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$25.4K Revenue
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of Capital Purchase Program -
$3.42M Bailout
Jun. 26, 2009 Preferred Stock w/ Exercised Warrants
Part of Capital Purchase ProgramMore info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 12/20/2012 | Refund | $2,370,742 | CPP | Partial Repayment |
| 12/20/2012 | Warrant | $94,702 | CPP | Warrant Proceeds |
| 05/15/2012 | Dividend | $46,623 | CPP | Dividend - Cumulative |
| 02/15/2012 | Dividend | $46,623 | CPP | Dividend - Cumulative |
| 11/16/2011 | Dividend | $46,623 | CPP | Dividend - Cumulative |
| 08/15/2011 | Dividend | $46,623 | CPP | Dividend - Cumulative |
| 05/16/2011 | Dividend | $46,623 | CPP | Dividend - Cumulative |
| 02/14/2011 | Dividend | $46,623 | CPP | Dividend - Cumulative |
| 11/15/2010 | Dividend | $46,623 | CPP | Dividend - Cumulative |
| 08/12/2010 | Dividend | $46,623 | CPP | Dividends payment |
| 05/17/2010 | Dividend | $46,623 | CPP | Dividends payment |
| 02/16/2010 | Dividend | $46,623 | CPP | Dividends payment |
| 11/16/2009 | Dividend | $46,623 | CPP | Dividends payment |
| 08/17/2009 | Dividend | $25,383 | CPP | Dividends Paid in Aug. 2009 |
| 06/26/2009 | Purchase | $3,422,000 | CPP | Preferred Stock w/ Exercised Warrants |
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