Bailout Events for July 2018
See entire timeline of bailout events.
| Date | Entity | Type | Amount | Program | Description |
|---|---|---|---|---|---|
| 07/17/2018 | Synovus Financial Corp. | Warrant | $405,000 | CPP |
Warrant Proceeds
On 07/16/2018, Treasury entered into an agreement with CSS, LLC (CSS) pursuant to which Treasury agreed to sell its warrant in Synovus Financial Corp. to CSS subject to the satisfaction of the conditions specified in the agreement. The sale was completed on 07/17/2018.
|
| 07/31/2018 | OneFinancial Corporation | Refund | $3,515,449 | CPP |
Partial Repayment
On 7/31/2018, Treasury entered into an agreement with One Bank & Trust, N.A. and First Paragould Bankshares, Inc., pursuant to which Treasury agreed to sell its 344,577 shares of CPP common stock in One Bank & Trust, N.A. to First Paragould Bankshares, Inc. for total proceeds of $3,515,448.62.
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