- Charleston Business Reported That First National Bancshares “Withdrew” Its Application For TARP Funds “Because Of Concern That Its Magnitude Of Nonperforming Assets Could Trigger Rejection.” “Like the Southern Financial Group, First National was struck difficult by deteriorating real-estate assets, specially over the coastline. It increased its supply for loan losings in 2008 from $1.4 million to $20.5 million. Nonperforming assets grew to $75.5 million, or10.9% of loans along with other property owned, in contrast to 3% in 2007 and 0.15percent in 2006. The lender recently withdrew its application for TARP funds through the authorities because of concern that its magnitude of nonperforming assets might trigger rejection.”
- Very First National Bancshares Withdrew Their Application For TARP Funds Just When They Were Refused. “Our application for involvement within 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 Consequently, we now have withdrawn our application.”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
First Nationwide Bancshares Inc. SEC Filings, accessed 8/21/14
Adams happens to be Active in Conservative Politics – Associating Himself using the Many Conservative users of 
the GOP
- Adams Served Agreeable Of Conservative Think Tank In South Carolina Established By Jim DeMint. “Retired U.S. Sen. Jim DeMint, president-elect of 1 for the nation’s prominent conservative think tanks, has created a conservative tank that is think sc. DeMint, a Greenville Republican who 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 serve as chairman…The Heritage Foundation, where DeMint is president-elect, is dealing with state-based policy teams round the nation, he said…C. Dan Adams, president and leader of Greenville-based 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 may be conversing with South Carolina voters and asking some to achieve in their pouches as he makes their swing that is two-day through state this week. The GOP presidential candidate will attend a fund-raiser at a private residence just outside Greenville that same evening in addition to headlining a fund-raiser for the South Carolina Republican Party in downtown Columbia Friday. Based on a duplicate of this invitation that is fund-raising by CNN, a reception with Perry is going to be held during the house regarding the Capital Corporation President and CEO Dan Adams. вЂSponsors’ can pay $5,000 per few, and вЂhosts’ will chip in $2,500 per couple or $1,000 per individual.”
- 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 sc, may help Gov. Haley get ready for a possible re-election bid.”
Adams Has Contributed at Least $264,700 to effective Politicians and Special Interest PACs
This has reduced for other individuals too. Through the years, Adams has added at the least $264,700 into the promotions of effective politicians and interest that is special, that have also donated big amounts of cash towards the promotions of elected officials.
Unique many thanks to National People’s Action for enabling Allied Progress to make use of its substantial research on payday financing industry professionals.