TriSummit Bank
Kingsport,
Tenn. |
See all recipients in
Tennessee
$7M
Disbursed
$5.2M
Returned
$1.3M
Revenue to Gov't
$506K
Net Outstanding
This investment resulted in a loss to taxpayers.
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 11/29/2012 | Dividend | $14,067 | CPP |
Dividend - Non-Cumulative
|
| 11/29/2012 | Refund | $3,145,973 | CPP |
Partial Repayment
On 11/29/2012, Treasury completed the sale of 2,765 shares of TriSummit Bank Series B preferred stock at $750.00 per share (less a placement agent fee) for net proceeds of $2,053,012.50; 4,237 shares of TriSummit Bank Series D preferred stock at $750.00 per share (less a placement agent fee) for net proceeds of $3,145,972.50; and 138 shares of TriSummit Bank Series C preferred stock received upon the exercise of warrants at $912.50 per share (less a placement agent fee) for net proceeds of $124,665.75, pursuant to a placement agency agreement executed on 11/19/2012.
|
| 11/29/2012 | Refund | $2,053,013 | CPP |
Partial Repayment
On 11/29/2012, Treasury completed the sale of 2,765 shares of TriSummit Bank Series B preferred stock at $750.00 per share (less a placement agent fee) for net proceeds of $2,053,012.50; 4,237 shares of TriSummit Bank Series D preferred stock at $750.00 per share (less a placement agent fee) for net proceeds of $3,145,972.50; and 138 shares of TriSummit Bank Series C preferred stock received upon the exercise of warrants at $912.50 per share (less a placement agent fee) for net proceeds of $124,665.75, pursuant to a placement agency agreement executed on 11/19/2012.
|
| 11/29/2012 | Warrant | $124,666 | CPP |
Warrant Proceeds
|
| 11/15/2012 | Dividend | $90,630 | CPP |
Dividend - Non-Cumulative
|
| 08/15/2012 | Dividend | $90,630 | CPP |
Dividend - Non-Cumulative
|
| 05/15/2012 | Dividend | $90,630 | CPP |
Dividend - Non-Cumulative
|
| 02/15/2012 | Dividend | $90,630 | CPP |
Dividend - Non-Cumulative
|
| 11/15/2011 | Dividend | $90,630 | CPP |
Dividend - Non-Cumulative
|
| 08/15/2011 | Dividend | $90,630 | CPP |
Dividend - Non-Cumulative
|
| 05/16/2011 | Dividend | $90,630 | CPP |
Dividend - Non-Cumulative
|
| 02/15/2011 | Dividend | $90,630 | CPP |
Dividend - Non-Cumulative
|
| 11/15/2010 | Dividend | $90,630 | CPP |
Dividend - Non-Cumulative
|
| 08/16/2010 | Dividend | $90,630 | CPP |
Dividends payment
|
| 05/17/2010 | Dividend | $90,630 | CPP |
Dividends payment
|
| 02/16/2010 | Dividend | $68,857 | CPP |
Dividends payment
|
| 12/22/2009 | Purchase | $4,237,000 | CPP |
Preferred Stock
|
| 11/16/2009 | Dividend | $37,668 | CPP |
Dividends payment
|
| 08/17/2009 | Dividend | $37,668 | CPP |
Dividends Paid in Aug. 2009
|
| 05/31/2009 | Dividend | $17,578 | CPP |
Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
|
| 04/03/2009 | Purchase | $2,765,000 | CPP |
Purchase - Preferred Stock w/ Exercised Warrants
|