ProPublica

Journalism in the Public Interest

Cecil Bancorp

Elkton, Md. | See all recipients in Maryland

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

$11.6M Disbursed
$880K Returned
$517K Revenue to Gov't
$10.2M Net Outstanding
$11.6M Committed
Jump to table of transactions
Find a Bailout
Type the name of a bank:

Find bailouts in your state:


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

Events

  • $880K Payback

    Oct. 26, 2017 Partial Repayment

    Pursuant to the 10/11/2017 Confirmation Order of the United States Bankruptcy Court for the District of Maryland, on 10/26/2017 Treasury completed the exchange of its Cecil Bancorp, Inc.
    (Cecil) preferred stock for common stock pursuant to an exchange agreement of the same date with Cecil. As part of that transaction, Treasury immediately (i) sold the resulting Cecil
    common stock to purchasers pursuant to securities purchase agreements, each dated as of 10/26/2017, with the purchaser parties thereto and (ii) cancelled Treasury’s warrant.

  • $145K Revenue

    Nov. 16, 2009 Dividends payment

  • $145K Revenue

    Aug. 17, 2009 Dividends Paid in Aug. 2009

  • $228K Revenue

    May 31, 2009 Dividends Paid Through 5/31/2009

    This amount reflects the sum of dividends paid up to 5/31/2009

  • $11.6M Bailout

    Dec. 23, 2008 Purchase - Preferred Stock w/ Warrants

    More info from biz.yahoo.com

Date Type Amount Program Description
10/26/2017 Refund $880,000 CPP Partial Repayment
11/16/2009 Dividend $144,500 CPP Dividends payment
08/17/2009 Dividend $144,500 CPP Dividends Paid in Aug. 2009
05/31/2009 Dividend $227,989 CPP Dividends Paid Through 5/31/2009
12/23/2008 Purchase $11,560,000 CPP Purchase - Preferred Stock w/ Warrants

For our blog, resources and more, see our main bailout page.