Journalism in the Public Interest

First Security Group

Chattanooga, Tenn. | See all recipients in Tennessee

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

$33M Disbursed
$14.9M Returned
$1.4M Revenue to Gov't
$16.7M Net Outstanding
$33M Committed
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  • $14.9M Payback

    Apr. 11, 2013 Partial Repayment

    On 4/11/2013, Treasury completed the exchange of its First Security Group, Inc. (FSGI) preferred stock for common stock, pursuant to an exchange agreement, dated as of 2/25/2013, between Treasury and FSGI, and sold the resulting FSGI common stock, pursuant to securities purchase agreements, each dated as of 4/9/2013.

    More info from

  • $413K Revenue

    Nov. 16, 2009 Dividends payment

  • $413K Revenue

    Aug. 17, 2009 Dividends Paid in Aug. 2009

  • $578K Revenue

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

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

  • $33M Bailout

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

    More info from

Date Type Amount Program Description
04/11/2013 Refund $14,912,862 CPP Partial Repayment
11/16/2009 Dividend $412,500 CPP Dividends payment
08/17/2009 Dividend $412,500 CPP Dividends Paid in Aug. 2009
05/31/2009 Dividend $577,500 CPP Dividends Paid Through 5/31/2009
01/09/2009 Purchase $33,000,000 CPP Purchase - Preferred Stock w/ Warrants

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