Journalism in the Public Interest

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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  • $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.

    More info from

  • $92.5K Revenue

    Nov. 16, 2009 Dividends payment

  • $92.5K Revenue

    Aug. 17, 2009 Dividends Paid in Aug. 2009

  • $146K Revenue

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

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

  • $7.4M Bailout

    Dec. 23, 2008 Purchase - Preferred Stock w/ Warrants

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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