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Bid Summary
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First National Bank of Anthony
Anthony, KS
Closing Date: June 19, 2009
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Winning Bidder:
Bank of Kansas, South Hutchinson, KS
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Winning Bid:
All deposits, whole bank with loss share - Asset Discount of $14.95
million, Deposit Premium 0.5%
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There was only one bid for this institution |
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Note:
- The Acquiring Institution’s bid for a Whole Bank All Deposits with
Loss Share P&A transaction 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. The loss
share agreement was valued using a discounted cash flow analysis for the
loss share portfolio over the life of the loss share agreement.
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