Journalism in the Public Interest

Berkshire Bancorp

Wyomissing, Pa. | See all recipients in Pennsylvania
$2.89M Disbursed
$2.89M Returned
$509K Revenue to Gov't
$509K Profit
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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 Refund $2,892,000 CPP Repayment
12/28/2011 Warrant $145,000 CPP Warrant Proceeds
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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