Bailout Events for May 2018
See entire timeline of bailout events.
| Date | Entity | Type | Amount | Program | Description |
|---|---|---|---|---|---|
| 05/24/2018 | First BanCorp | Warrant | $5,702,107 | CPP |
Warrant Proceeds
On 5/17/2018, Treasury exercised its warrant on a cashless basis and received (i) 730,571 shares of common stock and (ii) $6.58 in cash in lieu of fractional shares. Treasury sold such shares of common stock on 5/21/2018 for total proceeds of $5,702,106.66
|
| 05/25/2018 | Pinnacle Bank Holding Company | Refund | $700,000 | CPP |
Partial Repayment
On 5/22/2018, Treasury entered into an agreement with Pinnacle Bank Holding Company, Inc. (the Company) pursuant to which Treasury agreed to sell its CPP preferred stock back to the Company at a discount subject to the satisfaction of the conditions specified in the agreement. The sale was completed on 5/22/2018.
|
| 05/08/2018 | First American International Corp | Dividend | $85,000 | CDCI |
Dividend - Cumulative
|
| 05/15/2018 | Hope Federal Credit Union | Interest | $22,600 | CDCI |
Interest
|
| 05/15/2018 | Community Bank of the Bay | Dividend | $20,300 | CDCI |
Dividend - Non Cumulative
|
| 05/15/2018 | Cooperative Center Federal Credit Union | Interest | $13,995 | CDCI |
Interest
|
| 05/02/2018 | Community First Guam Federal Credit Union | Interest | $13,250 | CDCI |
Interest
|
| 05/08/2018 | Opportunities Credit Union | Interest | $5,455 | CDCI |
Interest
|
| 05/15/2018 | D.C. Federal Credit Union | Interest | $2,500 | CDCI |
Interest
|
| 05/08/2018 | Tulane-Loyola Federal Credit Union | Interest | $2,120 | CDCI |
Interest
|
| 05/08/2018 | Northeast Community Federal Credit Union | Interest | $1,750 | CDCI |
Interest
|
| 05/11/2018 | North Side Community Federal Credit Union | Interest | $1,625 | CDCI |
Interest
|
| 05/15/2018 | Neighborhood Trust Federal Credit Union | Interest | $1,415 | CDCI |
Interest
|
| 05/15/2018 | Buffalo Cooperative Federal Credit Union | Interest | $725 | CDCI |
Interest
|
| 05/16/2018 | Union Baptist Church Federal Credit Union | Interest | $50 | CDCI |
Interest
|
| 05/14/2018 | East End Baptist Tabernacle Federal Credit Union | Interest | $35 | CDCI |
Interest
|