CoastalSouth Bancshares, Inc.
Hilton Head Island,
S.C. |
See all recipients in
South Carolina
$16M
Disbursed
$12.6M
Returned
$1.65M
Revenue to Gov't
$1.76M
Net Outstanding
This investment resulted in a loss to taxpayers.
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 03/11/2013 | Warrant | $415,848 | CPP |
Warrant Proceeds
|
| 03/11/2013 | Refund | $12,606,191 | CPP |
On 3/11/2013, Treasury completed the sale of 16,015 shares of CoastalSouth Bancshares, Inc. preferred stock at $795.10 per share (less a placement agent fee) for net proceeds of $12,606,191.23 and 480 shares of CoastalSouth Bancshares, Inc. preferred stock received upon the exercise of warrants at $875.10 per share (less a placement agent fee) for net proceeds of $415,847.52, pursuant to a placement agency agreement executed on 2/25/2013.
|
| 02/15/2011 | Dividend | $210,988 | CPP |
Dividend - Cumulative
|
| 11/15/2010 | Dividend | $210,988 | CPP |
Dividend - Cumulative
|
| 08/16/2010 | Dividend | $210,988 | CPP |
Dividends payment
|
| 05/17/2010 | Dividend | $210,988 | CPP |
Dividends payment
|
| 02/16/2010 | Dividend | $210,988 | CPP |
Dividends payment
|
| 11/16/2009 | Dividend | $180,511 | CPP |
Dividends payment
|
| 08/28/2009 | Purchase | $16,015,000 | CPP |
Preferred Stock w/ Exercised Warrants
|