Western Community Bancshares

Palm Desert, Calif. | See all recipients in California
Revenue to Gov't
Net Outstanding

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, 11/7/2014.

This investment resulted in a loss to taxpayers.

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
This amount reflects the sum of dividends paid up to 5/31/2009
12/23/2008 Purchase $7,290,000 CPP
Purchase - Preferred Stock w/ Exercised Warrants
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