HCSB Financial Corporation

Loris, S.C. | See all recipients in South Carolina
Revenue to Gov't
Net Outstanding

On 2/29/2016, Treasury entered into an agreement with HCSB (the “Company”) pursuant to which Treasury agreed to sell its CPP preferred stock back to the Company at a discount subject to the satisfaction of the conditions specified in the agreement. The sale was completed on 4/11/2016.

This investment resulted in a loss to taxpayers.

Date Type Amount Program Description
04/11/2016 Refund $128,950 CPP
Partial Repayment
11/15/2010 Dividend $161,188 CPP
Dividend - Cumulative
08/16/2010 Dividend $161,188 CPP
Dividends payment
05/17/2010 Dividend $161,188 CPP
Dividends payment
02/16/2010 Dividend $161,188 CPP
Dividends payment
11/13/2009 Dividend $161,188 CPP
Dividends payment
08/14/2009 Dividend $161,188 CPP
Dividends Paid in Aug. 2009
05/31/2009 Dividend $123,577 CPP
Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
03/06/2009 Purchase $12,895,000 CPP
Purchase - Preferred Stock w/ Warrants
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