Journalism in the Public Interest

Western Community Bancshares

Palm Desert, Calif. | See all recipients in California

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

$7.29M Disbursed
$0 Returned
$554K Revenue to Gov't
$6.74M Net Outstanding
$7.29M Committed
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The subsidiary bank of Western Community Bancshares, Inc., Frontier Bank, was closed by the Office of the Comptroller of the Currency, and the FDIC was named Receiver on Friday,


Date Type Amount Program Description
05/17/2010 Dividend $99,338 CPP Dividends payment
02/16/2010 Dividend $99,338 CPP Dividends payment
11/13/2009 Dividend $99,338 CPP Dividends payment
08/17/2009 Dividend $99,338 CPP Dividends Paid in Aug. 2009
05/31/2009 Dividend $156,733 CPP Dividends Paid Through 5/31/2009
12/23/2008 Purchase $7,290,000 CPP Purchase - Preferred Stock w/ Exercised Warrants

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