Central Pacific Financial Corp
Honolulu,
Hawaii |
See all recipients in
Hawaii
$135M
Disbursed
$71.9M
Returned
$3.11M
Revenue to Gov't
$60M
Net Outstanding
This investment resulted in a loss to taxpayers.
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 06/12/2013 | Warrant | $751,888 | CPP |
Warrant Proceeds
|
| 03/29/2012 | Refund | $36,039,222 | CPP |
Partial Repayment
On 4/4/2012, Treasury completed the sale of all of Treasuryâs 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.
|
| 06/22/2011 | Refund | $35,883,281 | CPP |
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.
|
| 05/31/2009 | Dividend | $2,362,500 | CPP |
Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
|
| 01/09/2009 | Purchase | $135,000,000 | CPP |
Purchase - Preferred Stock w/ Warrants
|