ProPublica

Journalism in the Public Interest

Cancel

Capital Bank

Raleigh, N.C. | See all recipients in North Carolina
$41.3M Disbursed
$41.3M Returned
$3.97M Revenue to Gov't
$3.97M Profit
Jump to table of transactions
Find a Bailout
Type the name of a bank:

Find bailouts in your state:


  • Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.

Treasury entered into an agreement on 1/28/2011 with North American Financial Holdings, Inc. for the sale of all Preferred Stock and Warrants issued by Capital Bank Corporation to Treasury for an aggregate purchase price of $41,279,000. Since the conditions to closing of the sale were satisfied, the closing of the sale also occurred on
1/28/2011.

Events

Date Type Amount Program Description
01/28/2011 Refund $41,279,000 CPP Repayment
11/15/2010 Dividend $515,988 CPP Dividend - Cumulative
08/16/2010 Dividend $515,988 CPP Dividends payment
05/17/2010 Dividend $515,988 CPP Dividends payment
02/16/2010 Dividend $515,988 CPP Dividends payment
11/16/2009 Dividend $515,988 CPP Dividends payment
08/17/2009 Dividend $515,988 CPP Dividends Paid in Aug. 2009
05/31/2009 Dividend $877,179 CPP Dividends Paid Through 5/31/2009
12/12/2008 Purchase $41,279,000 CPP Purchase - Preferred Stock w/ Warrants

For our blog, resources and more, see our main bailout page.