Greer Bancshares Inc. (fka GRBS)

[56Chevy]

Greer Bancshares Incorporated
Greer, SC

Original TARP investment amount: $9,993,000.00 (on Jan. 30, 2009) Outstanding investment $9,993,000.00 (Footnote 8)

Total cash back: $975,831.00 (May include dividends and interest payments not shown below)

Investment status: Full investment outstanding; warrants outstanding

Data current as of Oct. 16, 2013

Footnotes

(8) Privately-held qualified financial institution; Treasury received a warrant to purchase additional shares of preferred stock (unless the institution is a CDFI), which it exercised immediately.

* Fees Include: (i) placement fees in private auctions of a cash purchase program issuer’s securities where Treasury pays placement fees to the placement agents in an amount equal to a minimum of $50,000 (per issuer) or 1.00% of gross aggregate proceeds for each security and (ii) unreimbursed underwriting fees in public offerings. Placement fees in private auctions are paid approximately one month after settlement.

Not all transactions are shown; dividend and interest payments are omitted.

http://banktracker.investigativereportingworkshop.org/tarp/south-carolina/greer/greer-bancshares-incorporated/