Tidelands Bancshares
Mount Pleasant,
S.C. |
See all recipients in
South Carolina
$14.4M
Disbursed
$8.98M
Returned
$1.2M
Revenue to Gov't
$4.27M
Net Outstanding
This investment resulted in a loss to taxpayers.
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 07/01/2016 | Refund | $8,984,227 | CPP |
Partial Repayment
On 7/1/2016, Treasury completed the sale to United Community Banks, Inc. (UCBI) of all of its CPP preferred stock and associated warrants issued by Tidelands Bancshares, Inc. (Tidelands) to UCBI for total proceeds of $8,984,227 subject to the satisfaction of conditions specified in the agreement. This transaction was in conjunction with a merger between Tidelands and UCBI.
|
| 08/16/2010 | Dividend | $180,600 | CPP |
Dividends payment
|
| 05/17/2010 | Dividend | $180,600 | CPP |
Dividends payment
|
| 02/16/2010 | Dividend | $180,600 | CPP |
Dividends payment
|
| 11/16/2009 | Dividend | $180,600 | CPP |
Dividends payment
|
| 08/17/2009 | Dividend | $180,600 | CPP |
Dividends Paid in Aug. 2009
|
| 05/31/2009 | Dividend | $292,973 | CPP |
Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
|
| 12/19/2008 | Purchase | $14,448,000 | CPP |
Purchase - Preferred Stock w/ Warrants
|