Cecil Bancorp
Elkton,
Md. |
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Maryland
$11.6M
Disbursed
$880K
Returned
$517K
Revenue to Gov't
$10.2M
Net Outstanding
This investment resulted in a loss to taxpayers.
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 10/26/2017 | Refund | $880,000 | CPP |
Partial Repayment
Pursuant to the 10/11/2017 Confirmation Order of the United States Bankruptcy Court for the District of Maryland, on 10/26/2017 Treasury completed the exchange of its Cecil Bancorp, Inc. (Cecil) preferred stock for common stock pursuant to an exchange agreement of the same date with Cecil. As part of that transaction, Treasury immediately (i) sold the resulting Cecil common stock to purchasers pursuant to securities purchase agreements, each dated as of 10/26/2017, with the purchaser parties thereto and (ii) cancelled Treasurys warrant.
|
| 11/16/2009 | Dividend | $144,500 | CPP |
Dividends payment
|
| 08/17/2009 | Dividend | $144,500 | CPP |
Dividends Paid in Aug. 2009
|
| 05/31/2009 | Dividend | $227,989 | CPP |
Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
|
| 12/23/2008 | Purchase | $11,560,000 | CPP |
Purchase - Preferred Stock w/ Warrants
|