GulfSouth Private Bank

$7,500,000

Committed

0.1% >

of Bank bailout commitment

0.1% >

of total bailout commitment.

Map: Corporate headquarters of GulfSouth Private Bank.
Destin, Fla.
See all recipients in Florida

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About This Project

We're tracking where the bailout money is going. Our lead bailout reporter – and blogger – is ProPublica's . Lead developer is .

Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.

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$395K Revenue

Jun. 21, 2010 Dividends payment

Part of Capital Purchase Program
$49K Revenue

May 17, 2010 Dividends payment

Part of Capital Purchase Program
$152K Revenue

Feb. 17, 2010 Interest Payment

Part of Capital Purchase Program
$85K Revenue

Nov. 16, 2009 Interest Payment

Part of Capital Purchase Program

More info from www.financialstability.gov
$8M Bailout

Sep. 25, 2009 Preferred Stock w/ Exercised Warrants

On 3/30/2010, Treasury exchanged its $7,500,000 of Subordinated Debentures in GulfSouth Private Bank for an equivalent amount of Preferred Stock, in connection with its conversion from a Subchapter S-Corporation, that comply with the CPP terms applicable to privately held qualified financial institutions.

Part of Capital Purchase Program

More info from www.financialstability.gov

Date	Type	Amount	Program	Description
06/21/2010	Dividend	$395,250	CPP	Dividends payment
05/17/2010	Dividend	$49,406	CPP	Dividends payment
02/17/2010	Interest	$152,138	CPP	Interest Payment
11/16/2009	Interest	$84,518	CPP	Interest Payment
09/25/2009	Purchase	$7,500,000	CPP	Preferred Stock w/ Exercised Warrants