First Independence Corporation

Detroit, Mich. | See all recipients in Michigan
$3.22M
Disbursed
$2.29M
Returned
$534K
Revenue to Gov't
$403K
Net Outstanding

This investment resulted in a loss to taxpayers.

Date Type Amount Program Description
12/20/2012 Refund $2,286,675 CPP
Partial Repayment
On 12/20/2012, Treasury completed the sale of 3,223 shares of First Independence Corporation preferred stock at $725.00 per share (less a placement agent fee) for net proceeds of $2,286,675.00, pursuant to a placement agency agreement executed on 12/11/2012.
12/20/2012 Dividend $15,664 CPP
Dividend - Cumulative
11/16/2012 Dividend $40,288 CPP
Dividend - Cumulative
08/15/2012 Dividend $40,288 CPP
Dividend - Cumulative
05/15/2012 Dividend $40,288 CPP
Dividend - Cumulative
02/15/2012 Dividend $40,288 CPP
Dividend - Cumulative
11/15/2011 Dividend $40,288 CPP
Dividend - Cumulative
08/16/2011 Dividend $40,288 CPP
Dividend - Cumulative
05/13/2011 Dividend $40,288 CPP
Dividend - Cumulative
02/15/2011 Dividend $40,288 CPP
Dividend - Cumulative
11/15/2010 Dividend $40,288 CPP
Dividend - Cumulative
08/16/2010 Dividend $40,288 CPP
Dividends payment
05/17/2010 Dividend $40,288 CPP
Dividends payment
02/17/2010 Dividend $40,288 CPP
Dividends payment
11/16/2009 Dividend $34,468 CPP
Dividends payment
08/28/2009 Purchase $3,223,000 CPP
Preferred Stock
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