• Charleston Business Reported That First National Bancshares “Withdrew” Its Application For TARP Funds “Because Of Concern That Its Magnitude Of Nonperforming Assets Might Trigger Rejection.” “Like the South Financial Group, First National was struck difficult by deteriorating estate that is real, specially across the shore. It increased its supply for loan losings in 2008 from $1.4 million to $20.5 million. Nonperforming assets expanded to $75.5 million, or10.9% of loans along with other property owned, compared to 3% in 2007 and 0.15percent in 2006. The lender recently withdrew its application for TARP funds through the federal government because of concern that its magnitude of nonperforming assets might trigger rejection.”

• Very Very First National Bancshares Withdrew Their Application For TARP Funds Just Once They Were Rejected. “Our application for participation into the TARP Capital buy Program will not be accepted. Therefore, we now have withdrawn our application.”

…Meanwhile, Adams ended up being Paid almost $70,000 to go to Board and Committee Meetings For First National Bancshares:

• 2009: $3,200
• 2008: $23,900
• 2007: $20,400
• 2006: $20,400

First Nationwide Bancshares Inc. SEC Filings, accessed 8/21/14

Adams happens to be Active in Conservative Politics – Associating Himself utilizing the Many Conservative people in the GOP

• Adams Served Up To Speed Of Conservative Think Tank In Southern Carolina Launched By Jim DeMint. “Retired U.S. Sen. Jim DeMint, president-elect of 1 associated with the nation’s prominent conservative think tanks, has created a conservative tank that is think sc. DeMint, a Greenville Republican whom invested 13 years in home and Senate, is spending $300,000 from their campaign that is remaining money establish the Palmetto Policy Forum. He will also act as chairman…The Heritage Foundation, where DeMint is president-elect, is dealing with state-based policy teams across the country, he said…C. Dan Adams, president and executive that is chief of the administrative centre Corp.”McClatchy, 2/6/13; Palmetto Policy Forum, accessed 8/21/14

Adams Has Aided A Few Politicians Raise Money

• August 2011: Adams Planned To Keep reception that is fundraising Rick Perry. “Texas Gov. Rick Perry should be conversing with sc voters and asking some to achieve in their pouches as he makes their swing that is two-day through state this week. Along with headlining a fund-raiser when it comes to sc Republican Party in downtown Columbia Friday, the GOP presidential prospect will go to a fund-raiser at a personal residence simply outside Greenville that same evening. Based on a duplicate of this fund-raising invitation obtained by CNN, a reception with Perry will soon be held during the house associated with Capital Corporation President and CEO Dan Adams. ‘Sponsors’ can pay $5,000 per few, and ‘hosts’ will chip in $2,500 per few or indylend loans online $1,000 per person.”

• Adams Served On Governor Nikki Haley’s Finance Advisory Committee. “Governor Nikki Haley today announced a statewide finance committee that is advisory. The committee, made up of thirty-two business leaders from all over South Carolina, can help Gov. Haley get ready for a possible re-election bid.”

Adams Has added at Least $264,700 to effective Politicians and interest that is special

It offers paid down for other people too. Through the years, Adams has added at the least $264,700 to your promotions of powerful politicians and interest that is special, which may have additionally donated big amounts of cash into the promotions of elected officials.

Unique many thanks to National People’s Action for permitting Allied Progress to utilize its substantial research on payday lending industry professionals.