United Bancorp

Tecumseh, Mich. | See all recipients in Michigan
$20.6M
Disbursed
$16.8M
Returned
$3.57M
Revenue to Gov't
$284K
Net Outstanding

This investment resulted in a loss to taxpayers.

Date Type Amount Program Description
07/18/2012 Warrant $38,000 CPP
Warrant Proceeds
06/19/2012 Dividend $97,232 CPP
Dividend - Cumulative
06/13/2012 Refund $16,750,221 CPP
Partial Repayment
On 6/13/2012, Treasury executed an underwriting agreement for the sale of 20,600 shares of United Bancorp, Inc. preferred stock at $825.50 per share (less underwriting discounts) for net proceeds of $16,750,220.50 plus accrued and unpaid dividends.
05/15/2012 Dividend $257,500 CPP
Dividend - Cumulative
02/15/2012 Dividend $257,500 CPP
Dividend - Cumulative
11/15/2011 Dividend $257,500 CPP
Dividend - Cumulative
08/15/2011 Dividend $257,500 CPP
Dividend - Cumulative
05/16/2011 Dividend $257,500 CPP
Dividend - Cumulative
02/15/2011 Dividend $257,500 CPP
Dividend - Cumulative
11/15/2010 Dividend $257,500 CPP
Dividend - Cumulative
08/16/2010 Dividend $257,500 CPP
Dividends payment
05/17/2010 Dividend $257,500 CPP
Dividends payment
02/16/2010 Dividend $257,500 CPP
Dividends payment
11/16/2009 Dividend $257,500 CPP
Dividends payment
08/17/2009 Dividend $257,500 CPP
Dividends Paid in Aug. 2009
05/31/2009 Dividend $340,472 CPP
Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
01/16/2009 Purchase $20,600,000 CPP
Purchase - Preferred Stock w/ Warrants
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