Ridgestone Financial Services
Brookfield,
Wis. |
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Wisconsin
$10.9M
Disbursed
$8.88M
Returned
$753K
Revenue to Gov't
$1.27M
Net Outstanding
This investment resulted in a loss to taxpayers.
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 02/20/2013 | Refund | $8,876,677 | CPP |
Partial Repayment
On 2/20/2013, Treasury completed the sale of 10,900 shares of Ridgestone Financial Services, Inc. preferred stock at $822.60 per share (less a placement agent fee) for net proceeds of $8,876,676.60 and 545 shares of Ridgestone Financial Services, Inc. preferred stock received upon the exercise of warrants at $882.60 per share (less a placement agent fee) for net proceeds of $476,206.83, pursuant to a placement agency agreement executed on 2/6/2013.
|
| 02/20/2013 | Warrant | $476,207 | CPP |
Warrant Proceeds
|
| 08/17/2009 | Dividend | $148,513 | CPP |
Dividends Paid in Aug. 2009
|
| 05/31/2009 | Dividend | $128,711 | CPP |
Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
|
| 02/27/2009 | Purchase | $10,900,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|