Berkshire Bancorp

Wyomissing, Pa. | See all recipients in Pennsylvania
Revenue to Gov't

As a result of the acquisition of Berkshire Bancorp, Inc. (the acquired company) by Customers Bancorp, Inc. (the acquiror), the preferred stock and exercised warrants issued by the acquired company on 6/12/2009 were exchanged for a like amount of securities of the acquiror plus accrued and previously unpaid dividends, pursuant to the terms of an agreement among Treasury, the acquired company and the acquiror entered into on 9/16/2011.

Date Type Amount Program Description
12/28/2011 Warrant $145,000 CPP
Warrant Proceeds
12/28/2011 Refund $2,892,000 CPP
09/19/2011 Dividend $218,298 CPP
Dividend - Cumulative
05/17/2010 Dividend $39,413 CPP
Dividends payment
02/16/2010 Dividend $39,413 CPP
Dividends payment
11/13/2009 Dividend $39,413 CPP
Dividends payment
08/14/2009 Dividend $27,589 CPP
Dividends Paid in Aug. 2009
06/12/2009 Purchase $2,892,000 CPP
Preferred Stock w/ Exercised Warrants
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