New Issue: Treasury prices $23.1 million Central Community TARP preferreds

By Stephanie N. Rotondo

Phoenix, Dec. 4 - The U.S. Department of the Treasury sold at auction $23.1 million of series A and B fixed-rate cumulative perpetual preferred shares issued by Central Community Corp. under the Troubled Asset Relief Program.

Liquidation preference is $1,000 per share.

The Treasury sold 22,000 shares of the series A preferreds at $926.20 per share and 1,100 of the series Bs at $972.20 per share.

Total proceeds came to $21.45 million.

The bank is based in Temple, Texas.

Issuer:	Central Community Corp.
Amount:	$23.1 million
Proceeds:	$21.45 million
Maturity:	Perpetual
Settlement date:	Dec. 11
Series A fixed-rate cumulative preferreds
Amount:	$22 million, or 22,000 shares
Price:	$926.20
Liquidation preference:	$1,000
Series B fixed-rate cumulative preferreds
Amount:	$1.1 million, or 1,100 shares
Price:	$972.20
Liquidation preference:	$1,000

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.