TIB Financial Corp
Naples,
Fla. |
See all recipients in
Florida
$37M
Disbursed
$12.1M
Returned
$1.32M
Revenue to Gov't
$23.6M
Net Outstanding
On 9/24/2010, Treasury entered into an agreement with North American Financial Holdings, Inc. for the sale of all Preferred Stock and Warrants issued by TIB Financial Corp. to Treasury at an aggregate purchase price of $12.12 million for the Preferred Stock and $40,000 for the Warrants.
This investment resulted in a loss to taxpayers.
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 09/30/2010 | Refund | $12,119,637 | CPP |
Partial Repayment
|
| 09/30/2010 | Warrant | $40,000 | CPP |
Warrant Proceeds
|
| 08/17/2009 | Dividend | $462,500 | CPP |
Dividends Paid in Aug. 2009
|
| 05/31/2009 | Dividend | $822,222 | CPP |
Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
|
| 12/05/2008 | Purchase | $37,000,000 | CPP |
Purchase - Preferred Stock w/ Warrants
|