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Central Pacific Financial Corp

Honolulu, Hawaii | See all recipients in Hawaii

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

$135M Disbursed
$71.9M Returned
$3.11M Revenue to Gov't
$60M Net Outstanding
$135M 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

  • $752K Revenue

    Jun. 12, 2013 Warrant Proceeds

  • $36M Payback

    Mar. 29, 2012 Partial Repayment

    On 4/4/2012, Treasury completed the sale of all of Treasury’s remaining 2,770,117 shares of Central Pacific Financial Corp. common stock at $13.01 per share (which represents the $13.15 public offering price less underwriting discounts) for net proceeds of $36,039,222.17, pursuant to an underwriting agreement executed on 03/29/2012.

    More info from www.treasury.gov

  • $35.9M Payback

    Jun. 22, 2011 Partial Repayment

    On 2/18/11, Treasury completed the exchange of its $135,000,000 of Preferred Stock (including accrued and unpaid dividends thereon) in Central Pacific Financial Corp.for not less than 5,620,117 shares of common stock, pursuant to an exchange agreement dated 2/17/2011. On 06/22/2011, Treasury completed the sale of 2,850,000 shares of common stock at $12.590625 per share (which represents the $12.75 public offering price less underwriting discounts) for net proceeds of $35,883,281.25 pursuant to an underwriting agreement executed on 06/17/2011.

    More info from www.treasury.gov

  • $2.36M Revenue

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

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

  • $135M Bailout

    Jan. 9, 2009 Purchase - Preferred Stock w/ Warrants

    More info from biz.yahoo.com

Date Type Amount Program Description
06/12/2013 Warrant $751,888 CPP Warrant Proceeds
03/29/2012 Refund $36,039,222 CPP Partial Repayment
06/22/2011 Refund $35,883,281 CPP Partial Repayment
05/31/2009 Dividend $2,362,500 CPP Dividends Paid Through 5/31/2009
01/09/2009 Purchase $135,000,000 CPP Purchase - Preferred Stock w/ Warrants

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