Tidelands Bancshares

Mount Pleasant, S.C. | See all recipients in South Carolina
Revenue to Gov't
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
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