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Bid Summary
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American Eagle Savings Bank
Boothwyn, PA
Closing Date: January 20, 2012
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| Bidder |
Type of Transaction |
Deposit Premium/(Discount) % |
Asset Premium/(Discount) $(000) / % |
SF Loss Share Tranche 1 |
SF Loss Share Tranche 2 |
SF Loss Share Tranche 3 |
Commercial Loss Share Tranche 1 |
Commercial Loss Share Tranche 2 |
Commercial Loss Share Tranche 3 |
Value Appreciation Instrument |
Conforming Bid |
Linked |
Winning bid and bidder:
Capital Bank, National Association, Rockville, MD |
All deposit Whole Bank |
0.00% |
$(2,500)
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N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
No |
Yes |
N/A |
| Cover Bid: none |
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| Other Bid |
All deposit Whole Bank
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0.00% |
$(3,500) |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
No |
Yes |
N/A |
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Notes:
- The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative. The liquidation alternative was valued using valuation models to estimate the market value of the assets. Bids for loss share, if any, were valued using a discounted cash flow analysis for the loss share portfolio over the life of the loss share agreement.
- The cover bid is the bid that: a. Is less costly than liquidation and b. Is the least costly bid after excluding all bids submitted by the winning bidder.
- For more information on the bid disclosure policy, see http://www.fdic.gov/about/freedom/biddocs.html.
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