Cadence Financial Corp

Starkville, Miss. | See all recipients in Mississippi
Revenue to Gov't
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
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