The Bank of Currituck

Moyock, N.C. | See all recipients in North Carolina
Revenue to Gov't
Net Outstanding

This investment resulted in a loss to taxpayers.

Date Type Amount Program Description
12/03/2010 Refund $1,742,850 CPP
Partial Repayment
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 (“Currituck”) 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.
11/16/2009 Dividend $54,785 CPP
Dividends payment
08/17/2009 Dividend $54,785 CPP
Dividends Paid in Aug. 2009
05/31/2009 Dividend $60,264 CPP
Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
02/06/2009 Purchase $4,021,000 CPP
Purchase - Preferred Stock w/ Exercised Warrants
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