Berkshire Bancorp
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 |
Repayment
|
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
|