Harbor Bankshares Corporation
Baltimore,
Md. |
See all recipients in
Maryland
$6.8M
Disbursed
$2.07M
Returned
$283K
Revenue to Gov't
$4.45M
Net Outstanding
On 7/13/2018, Treasury exchanged its preferred stock in Harbor Bankshares Corporation (Harbor) and all accrued, unpaid dividends on that stock for 5,491,843 shares of common stock and payment of $2,272,617 pursuant to the terms of the exchange agreement between Treasury and Harbor entered into on that day.
On 1/16/2019, Treasury entered into an agreement with Harbor Bankshares Corporation, pursuant to which Treasury agreed to sell part of its CPP common stock to Harbor Bankshares Corporation for total proceeds of $999,999.97 subject to the satisfaction of conditions specified in the agreement. The transaction was completed on 1/16/2019.
This investment resulted in a loss to taxpayers.
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 08/18/2022 | Refund | $1,071,756 | CDCI |
Partial Repayment
|
| 01/16/2019 | Refund | $1,000,000 | CDCI |
Partial Repayment
|
| 05/25/2010 | Dividend | $171,300 | CPP |
Dividends payment
|
| 11/16/2009 | Dividend | $85,000 | CPP |
Dividends payment
|
| 08/17/2009 | Dividend | $26,444 | CPP |
Dividends Paid in Aug. 2009
|
| 07/17/2009 | Purchase | $6,800,000 | CPP |
Preferred Stock
|