Cadence Financial Corp
Starkville,
Miss. |
See all recipients in
Mississippi
$44M
Disbursed
$38M
Returned
$3.98M
Revenue to Gov't
$2.02M
Net Outstanding
This investment resulted in a loss to taxpayers.
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 03/04/2011 | Dividend | $1,014,063 | CPP |
Dividend - Cumulative
|
| 05/17/2010 | Dividend | $550,000 | CPP |
Dividends payment
|
| 03/04/2010 | Refund | $38,000,000 | CPP |
Partial Repayment
Treasury entered into an agreement as of 10/29/2010 with Community Bancorp LLC for the sale of all Preferred Stock and Warrants issued by Cadence Financial Corporation to Treasury for an aggregate purchase price of (i) $38 million plus (ii) accrued and unpaid dividends through the date of the agreement. Completion of the sale is subject to the fulfillment of certain closing conditions.
|
| 02/16/2010 | Dividend | $550,000 | CPP |
Dividends payment
|
| 11/16/2009 | Dividend | $550,000 | CPP |
Dividends payment
|
| 08/17/2009 | Dividend | $550,000 | CPP |
Dividends Paid in Aug. 2009
|
| 05/31/2009 | Dividend | $770,000 | CPP |
Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
|
| 01/09/2009 | Purchase | $44,000,000 | CPP |
Purchase - Preferred Stock w/ Warrants
|