Central Pacific Financial Corp
This investment resulted in a loss to taxpayers. See below for details.
| $135M Disbursed |
| $71.9M Returned |
| $2.36M Revenue to Gov't |
| $60.7M Net Outstanding |
| $135M Committed |
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Events
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$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.
Part of Capital Purchase ProgramMore 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.
Part of Capital Purchase ProgramMore 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
Part of Capital Purchase Program -
$135M Bailout
Jan. 9, 2009 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from biz.yahoo.com
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 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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