First Independence Corporation
Detroit,
Mich. |
See all recipients in Michigan
This investment resulted in a loss to taxpayers. See below for details.
| $3.22M Disbursed |
| $2.29M Returned |
| $534K Revenue to Gov't |
| $403K Net Outstanding |
| $3.22M Committed |
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Events
-
$15.7K Revenue
Dec. 20, 2012 Dividend - Cumulative
Part of Capital Purchase Program -
$2.29M Payback
Dec. 20, 2012 Partial Repayment
On 12/20/2012, Treasury completed the sale of 3,223 shares of First Independence Corporation preferred stock at $725.00 per share (less a placement agent fee) for net proceeds of $2,286,675.00, pursuant to a placement agency agreement executed on 12/11/2012.
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$40.3K Revenue
Nov. 16, 2012 Dividend - Cumulative
Part of Capital Purchase Program -
$40.3K Revenue
Aug. 15, 2012 Dividend - Cumulative
Part of Capital Purchase Program -
$40.3K Revenue
May 15, 2012 Dividend - Cumulative
Part of Capital Purchase Program -
$40.3K Revenue
Feb. 15, 2012 Dividend - Cumulative
Part of Capital Purchase Program -
$40.3K Revenue
Nov. 15, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$40.3K Revenue
Aug. 16, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$40.3K Revenue
May 13, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$40.3K Revenue
Feb. 15, 2011 Dividend - Cumulative
Part of Capital Purchase Program -
$40.3K Revenue
Nov. 15, 2010 Dividend - Cumulative
Part of Capital Purchase Program -
$40.3K Revenue
Aug. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$40.3K Revenue
May 17, 2010 Dividends payment
Part of Capital Purchase Program -
$40.3K Revenue
Feb. 17, 2010 Dividends payment
Part of Capital Purchase Program -
$34.5K Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$3.22M Bailout
Aug. 28, 2009 Preferred Stock
Part of Capital Purchase ProgramMore info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 12/20/2012 | Refund | $2,286,675 | CPP | Partial Repayment |
| 12/20/2012 | Dividend | $15,664 | CPP | Dividend - Cumulative |
| 11/16/2012 | Dividend | $40,288 | CPP | Dividend - Cumulative |
| 08/15/2012 | Dividend | $40,288 | CPP | Dividend - Cumulative |
| 05/15/2012 | Dividend | $40,288 | CPP | Dividend - Cumulative |
| 02/15/2012 | Dividend | $40,288 | CPP | Dividend - Cumulative |
| 11/15/2011 | Dividend | $40,288 | CPP | Dividend - Cumulative |
| 08/16/2011 | Dividend | $40,288 | CPP | Dividend - Cumulative |
| 05/13/2011 | Dividend | $40,288 | CPP | Dividend - Cumulative |
| 02/15/2011 | Dividend | $40,288 | CPP | Dividend - Cumulative |
| 11/15/2010 | Dividend | $40,288 | CPP | Dividend - Cumulative |
| 08/16/2010 | Dividend | $40,288 | CPP | Dividends payment |
| 05/17/2010 | Dividend | $40,288 | CPP | Dividends payment |
| 02/17/2010 | Dividend | $40,288 | CPP | Dividends payment |
| 11/16/2009 | Dividend | $34,468 | CPP | Dividends payment |
| 08/28/2009 | Purchase | $3,223,000 | CPP | Preferred Stock |
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