Journalism in the Public Interest

TIB Financial Corp

Naples, Fla. | See all recipients in Florida

This investment resulted in a loss to taxpayers. See below for details.

$37M Disbursed
$12.1M Returned
$1.32M Revenue to Gov't
$23.6M Net Outstanding
$37M Committed
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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.


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
12/05/2008 Purchase $37,000,000 CPP Purchase - Preferred Stock w/ Warrants

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