The Bank of Currituck
This investment resulted in a loss to taxpayers.
On 12/3/2010, Treasury completed the sale of all preferred stock (including the preferred stock received upon the exercise of warrants) issued by The Bank of Currituck (âCurrituckâ) to Treasury for an aggregate purchase price of $1,742,850, pursuant to the terms of the agreement between Treasury and Currituck entered into on 11/5/2010.
Dividends Paid in Aug. 2009
Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
Purchase - Preferred Stock w/ Exercised Warrants