TIB Financial Corp

Naples, Fla. | See all recipients in Florida
Revenue to Gov't
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
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