Journalism in the Public Interest

GulfSouth Private Bank

Destin, Fla. | See all recipients in Florida

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

$7.5M Disbursed
$0 Returned
$681K Revenue to Gov't
$6.82M Net Outstanding
$7.5M Committed
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On 10/19/2012, GulfSouth Private Bank, Destin, Florida, was closed by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.


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

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