New Issue: Treasury sells $4.53 million of Community Pride Bank's TARP securities

By Stephanie N. Rotondo

Phoenix, Aug. 2 - The U.S. Department of the Treasury sold $4.53 million of Community Pride Bank Corp.'s senior subordinated securities due 2039 via auction, the agency said in a press release.

The modified Dutch auction began Monday and ended Thursday. The Ham Lake, Minn.-based bank issued the securities to the Treasury under the Troubled Asset Relief Program.

The Treasury priced $4.4 million of 7.7% securities at $1,110.21. Another $132,000 of 13.8% securities were sold at $1,359.94.

Total proceeds to the Treasury were $5.06 million.

Issuer:	Community Pride Bank Corp.
Pricing date:	Aug. 1
Settlement date:	Aug. 12
7.7% senior subordinated securities
Amount:	$4.4 million
Proceeds:	$4,884,924
Maturity:	2039
Description:	Senior subordinated securities
Coupon:	7.7%
Price:	$1,110.21
Par:	$1,000
13.8% senior subordinated securities
Amount:	$132,000
Proceeds:	$179,512
Maturity:	2039
Description:	Senior subordinated securities
Coupon:	13.8%
Price:	$1,359.94
Par:	$1,000

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