Citizens South Banking Corporation http://www.alacrastore.com/company-snapshot/Citizens_South_Banking_Corporation-2003114 08 Nov 2009 08:44:04 EST 2003114 Citizens South Banking Corporation en AlacraStore RSS Builder 1.0 30 US - State-owned United States Department of Treasury planned to acquire warrants convertible to undisclosed minority stake, in Citizens South Banking Corp, Gastonia, North Carolina, a bank holding company, in a privately negotiated transaction. The transaction was subject to standard closing documents completion. The transaction was part of the Troubled Asset Relief Program, in which the US Treasury announced that it would invest up to $### bil in senior preferred equity in qualifying US controlled banks, savings associations, and certain bank and savings and loan holding companies. Under the terms of the plan, the senior non-voting, non-convertible preferred shares will pay a #% dividend for the first five years and a #% dividend thereafter and the US Treasury will receive the right to purchase common stock equal to ##% of its preferred equity investment in each firm in the form of common share purchase warrants.03 Dec 2008 12:40:38 EST91273M17668291145T176682United States Department of the TreasuryCitizens South Banking Corp, Gastonia,North CarolinaUnited States of AmericaCitizens South Banking Corp, Gastonia,North Carolinahttp://www.alacrastore.com/storecontent/Thomson_M%26A/US_Department_of_the_Treasury_acquires_a_minority_stake_in_Citizens_South_Banking_Corp_NC-2031772020sdc/20317720202031772020Copyright © 2008, Thomson Financial, All Rights ReservedPublic AdministrationUnited StatesNational government agency999BDCD. of ColumbiaGovernment999B:National government agency999A:National governmentNasdaqCommercial Banks, Bank Holding CompaniesUnited StatesNational commercial banks6021NCNorth CarolinaPublicCSBC624626001National governmentBk hldg coUnspecifiedWarrants479463003Dec 3 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.00000United States Department ofthe Treasury, located inWashington, District ofColumbia, is a nationalagency. The agency wasestablished by an Act ofCongress in 1789 to managegovernment revenue.United States Department of the Treasury, located inWashington, District of Columbia, is a national agency. Theagency was established by an Act of Congress in 1789 tomanage government revenue.United States Department of the Treasury, located in Washington, District of Columbia, is a national agency. The agency was established by an Act of Congress in 1789 to manage government revenue.1.000002.000003.000004.000005.000006.00000Bank holding company forCitizens South Bank, whichprovides banking products andservices in the centralPiedmont area of NorthCarolinaBank holding company for Citizens South Bank, which providesbanking products and services in the central Piedmont areaof North CarolinaBank holding company for Citizens South Bank, which provides banking products and services in the central Piedmont area of North Carolina0.000000.000000.000007.52000N01 Dec 08Mon, 01 Dec 2008 00:00:00 ESTDate Announced: 12/01/2008Date Effective:Acq. Part. Int.Friendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.0000024.0000025.0000026.0000027.0000028.0000029.0000030.0000031.0000032.0000033.00000US - State-owned United StatesDepartment of Treasury plannedto acquire warrantsconvertible to undisclosedminority stake, in CitizensSouth Banking Corp, Gastonia,North Carolina, a bank holdingcompany, in a privatelynegotiated transaction. Thetransaction was subject tostandard closing documentscompletion. The transactionwas part of the Troubled AssetRelief Program, in which theUS Treasury announced that itwould invest up to $250 bil insenior preferred equity inqualifying US controlledbanks, savings associations,and certain bank and savingsand loan holding companies.Under the terms of the plan,the senior non-voting,non-convertible preferredshares will pay a 5% dividendfor the first five years and a9% dividend thereafter and theUS Treasury will receive theright to purchase common stockequal to 15% of its preferredequity investment in each firmin the form of common sharepurchase warrants.US - State-owned United States Department of Treasury planned to acquire warrants convertible to undisclosed minority stake, in Citizens South Banking Corp, Gastonia, North Carolina, a bank holding company, in a privately negotiated transaction. The transaction was subject to standard closing documents completion. The transaction was part of the Troubled Asset Relief Program, in which the US Treasury announced that it would invest up to $250 bil in senior preferred equity in qualifying US controlled banks, savings associations, and certain bank and savings and loan holding companies. Under the terms of the plan, the senior non-voting, non-convertible preferred shares will pay a 5% dividend for the first five years and a 9% dividend thereafter and the US Treasury will receive the right to purchase common stock equal to 15% of its preferred equity investment in each firm in the form of common share purchase warrants.US - State-owned United States Department of Treasury planned to acquire warrantsconvertible to undisclosed minority stake, in Citizens South Banking Corp, Gastonia, NorthCarolina, a bank holding company, in a privately negotiated transaction. The transactionwas subject to standard closing documents completion. The transaction was part of theTroubled Asset Relief Program, in which the US Treasury announced that it would invest upto $250 bil in senior preferred equity in qualifying US controlled banks, savingsassociations, and certain bank and savings and loan holding companies. Under the terms ofthe plan, the senior non-voting, non-convertible preferred shares will pay a 5% dividendfor the first five years and a 9% dividend thereafter and the US Treasury will receive theright to purchase common stock equal to 15% of its preferred equity investment in eachfirm in the form of common share purchase warrants.US - State-owned United States Department of Treasury planned to acquire warrants convertible to undisclosed minority stake, in Citizens South Banking Corp, Gastonia, North Carolina, a bank holdingcompany, in a privately negotiated transaction. The transaction was subject to standard closing documents completion. The transaction was part of the Troubled Asset Relief Program, in which the USTreasury announced that it would invest up to $250 bil in senior preferred equity in qualifying US controlled banks, savings associations, and certain bank and savings and loan holding companies.Under the terms of the plan, the senior non-voting, non-convertible preferred shares will pay a 5% dividend for the first five years and a 9% dividend thereafter and the US Treasury will receive theright to purchase common stock equal to 15% of its preferred equity investment in each firm in the form of common share purchase warrants.US - State-owned United States Department of Treasury planned to acquire warrants convertible to undisclosed minority stake, in CitizensSouth Banking Corp, Gastonia, North Carolina, a bank holding company, in a privately negotiated transaction. The transaction was subjectto standard closing documents completion. The transaction was part of the Troubled Asset Relief Program, in which the US Treasuryannounced that it would invest up to $250 bil in senior preferred equity in qualifying US controlled banks, savings associations, andcertain bank and savings and loan holding companies. Under the terms of the plan, the senior non-voting, non-convertible preferred shareswill pay a 5% dividend for the first five years and a 9% dividend thereafter and the US Treasury will receive the right to purchasecommon stock equal to 15% of its preferred equity investment in each firm in the form of common share purchase warrants.Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000006021:National commercial banks6022:State banks,member fed reserve6035:Savings institutions, federally chartered6712:Offices of bank holding companies12849001United States999AD. of ColumbiaGovernment6021:National commercial banks6022:State banks,member fed reserve6035:Savings institutions, federally chartered6712:Offices of bank holding companies479463003NasdaqUnited States6021North CarolinaPublicCSBC0.000000.000000.000000.00000Deal InformationTF Mergers & Acquisitions