ProPublica

Journalism in the Public Interest

Alliance Financial Services

Saint Paul, Minn. | See all recipients in Minnesota

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

$12M Disbursed
$8.91M Returned
$894K Revenue to Gov't
$2.19M Net Outstanding
$12M 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

  • $505K Revenue

    Feb. 7, 2013 Warrant Proceeds

  • $8.91M Payback

    Feb. 7, 2013 Partial Repayment

    On 2/7/2013, Treasury completed the sale of its Alliance Financial Services, Inc. subordinated debentures (less a placement agent fee) for net proceeds of $8,912,494.80 and its Alliance Financial Services, Inc. subordinated debentures received upon the exercise of warrants (less a placement agent fee) for net proceeds of $504,900.00, pursuant to a placement agency agreement executed on 12/11/2012.

    More info from www.treasury.gov

  • $389K Revenue

    Nov. 16, 2009 Interest Payment

  • $12M Bailout

    Jun. 26, 2009 Subordinated Debentures w/ Exercised Warrants

Date Type Amount Program Description
02/07/2013 Refund $8,912,495 CPP Partial Repayment
02/07/2013 Warrant $504,900 CPP Warrant Proceeds
11/16/2009 Interest $388,742 CPP Interest Payment
06/26/2009 Purchase $12,000,000 CPP Subordinated Debentures w/ Exercised Warrants

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