Bailout Events for July 2016
See entire timeline of bailout events.
| Date | Entity | Type | Amount | Program | Description |
|---|---|---|---|---|---|
| 07/01/2016 | Tidelands Bancshares | Refund | $8,984,227 | CPP |
Partial Repayment
On 7/1/2016, Treasury completed the sale to United Community Banks, Inc. (UCBI) of all of its CPP preferred stock and associated warrants issued by Tidelands Bancshares, Inc. (Tidelands) to UCBI for total proceeds of $8,984,227 subject to the satisfaction of conditions specified in the agreement. This transaction was in conjunction with a merger between Tidelands and UCBI.
|
| 07/14/2016 | Santander Bank, N.A. | Subsidy | $115,250 (cumulative) | MHA |
Incentive Payments for Home Loan Modification
So far,
$61.7K
has actually been disbursed:
Subsidy as of July 2022
|