First Sound Bank
Seattle,
Wash. |
See all recipients in Washington
This investment resulted in a loss to taxpayers. See below for details.
$7.4M Disbursed |
$3.7M Returned |
$331K Revenue to Gov't |
$3.37M Net Outstanding |
$7.4M Committed |
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Events
-
$3.7M Payback
Feb. 20, 2013 Partial Repayment
178/ On 2/20/2013, Treasury sold its CPP preferred stock and warrant issued by First Sound Bank (“First Sound”) back to First Sound for an aggregate purchase price of $3,700,000, pursuant to the terms of the agreement between Treasury and First Sound entered into on 11/30/2012.
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$92.5K Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$92.5K Revenue
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of Capital Purchase Program -
$146K 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 -
$7.4M Bailout
Dec. 23, 2008 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from www.financialstability.gov
Date | Type | Amount | Program | Description |
---|---|---|---|---|
02/20/2013 | Refund | $3,700,000 | CPP | Partial Repayment |
11/16/2009 | Dividend | $92,500 | CPP | Dividends payment |
08/17/2009 | Dividend | $92,500 | CPP | Dividends Paid in Aug. 2009 |
05/31/2009 | Dividend | $145,944 | CPP | Dividends Paid Through 5/31/2009 |
12/23/2008 | Purchase | $7,400,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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