Journalism in the Public Interest

Florida Bank Group, Inc.

Tampa, Fla. | See all recipients in Florida

This investment resulted in a loss to taxpayers. See below for details.

$20.5M Disbursed
$8M Returned
$1.18M Revenue to Gov't
$11.3M Net Outstanding
$20.5M Committed
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On 8/14/2013, Treasury sold its CPP preferred stock issued by Florida Bank Group, Inc. (“FBG”) back to FBG for an aggregate purchase price of $8,000,000, pursuant to the terms of the agreement between Treasury and FBG entered into on 2/12/13.


Date Type Amount Program Description
08/14/2013 Refund $8,000,000 CPP Partial Repayment
08/16/2010 Dividend $278,928 CPP Dividends payment
05/17/2010 Dividend $278,928 CPP Dividends payment
02/16/2010 Dividend $278,928 CPP Dividends payment
11/16/2009 Dividend $278,928 CPP Dividends payment
08/14/2009 Dividend $65,083 CPP Dividends Paid in Aug. 2009
07/24/2009 Purchase $20,471,000 CPP Purchase - Preferred Stock w/ Exercised Warrants

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