• 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 Southern Financial Group, First National happens to be struck difficult by deteriorating estate that is real, specially across the coastline. It increased its provision for loan losings in 2008 from $1.4 million to $20.5 million. Nonperforming assets expanded to $75.5 million, or10.9% of loans as well as other estate that is real, weighed against 3% in 2007 and 0.15percent in 2006. The lender recently withdrew its application for TARP funds through the government that is federal of concern that its magnitude of nonperforming assets might trigger rejection.”

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 Consequently, we now have withdrawn our application.”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

Very 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 of the GOP

• Adams Served Up To Speed Of Conservative Think Tank In Southern Carolina Started By Jim DeMint. “Retired U.S. Sen. Jim DeMint, president-elect of 1 of this nation’s prominent conservative think tanks, has created a conservative think tank in sc. DeMint, a Greenville Republican whom invested 13 years in home and Senate, is spending $300,000 from their staying campaign cash to 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 round the national nation, he said…C. Dan Adams, president and executive that is chief of the main city Corp.”McClatchy, 2/6/13; Palmetto Policy Forum, accessed 8/21/14

Adams Has Assisted A Few Politicians Raise Cash

• August 2011: Adams Planned To Hold reception that is fundraising Rick Perry. “Texas Gov. Rick Perry would be conversing with sc voters and asking some to achieve within 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 an exclusive residence just outside Greenville that same evening. Based on a content of this fund-raising invitation acquired by CNN, a reception with Perry are going to be held in the house for the Capital Corporation President and CEO Dan Adams. ‘Sponsors’ will probably pay $5,000 per few, and ‘hosts’ will chip in $2,500 per few or $1,000 per person.”

• Adams Served On Governor Nikki Haley’s Finance Advisory Committee. “Governor Nikki Haley today announced a statewide finance advisory committee. 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 Powerful 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 effective politicians and unique interest PACs, that have additionally donated a large amount of cash to your promotions of elected officials.

Special many many many thanks to National People’s Action for enabling Allied Progress to utilize its substantial research on payday financing industry professionals.