First Alliance Bancshares
Cordova,
Tenn. |
See all recipients in
Tennessee
$3.42M
Disbursed
$2.37M
Returned
$633K
Revenue to Gov't
$418K
Net Outstanding
This investment resulted in a loss to taxpayers.
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 12/20/2012 | Refund | $2,370,742 | CPP |
Partial Repayment
On 12/20/2012, Treasury completed the sale of 3,422 shares of First Alliance Bancshares, Inc. preferred stock at $700.10 per share (less a placement agent fee) for net proceeds of $2,370,742.20 and 171 shares of First Alliance Bancshares, Inc. preferred stock received upon the exercise of warrants at $700.01 per share (less a placement agent fee) for net proceeds of $94,701.71, pursuant to a placement agency agreement executed on 12/11/2012.
|
| 12/20/2012 | Warrant | $94,702 | CPP |
Warrant Proceeds
|
| 05/15/2012 | Dividend | $46,623 | CPP |
Dividend - Cumulative
|
| 02/15/2012 | Dividend | $46,623 | CPP |
Dividend - Cumulative
|
| 11/16/2011 | Dividend | $46,623 | CPP |
Dividend - Cumulative
|
| 08/15/2011 | Dividend | $46,623 | CPP |
Dividend - Cumulative
|
| 05/16/2011 | Dividend | $46,623 | CPP |
Dividend - Cumulative
|
| 02/14/2011 | Dividend | $46,623 | CPP |
Dividend - Cumulative
|
| 11/15/2010 | Dividend | $46,623 | CPP |
Dividend - Cumulative
|
| 08/12/2010 | Dividend | $46,623 | CPP |
Dividends payment
|
| 05/17/2010 | Dividend | $46,623 | CPP |
Dividends payment
|
| 02/16/2010 | Dividend | $46,623 | CPP |
Dividends payment
|
| 11/16/2009 | Dividend | $46,623 | CPP |
Dividends payment
|
| 08/17/2009 | Dividend | $25,383 | CPP |
Dividends Paid in Aug. 2009
|
| 06/26/2009 | Purchase | $3,422,000 | CPP |
Preferred Stock w/ Exercised Warrants
|