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Bid Summary
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Heartland Bank
Leawood, KS
Closing Date: July 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:
Metcalf Bank, Lees Summit, MO |
All deposit whole bank with loss share |
1.11% |
$ (3,970) |
N/A |
N/A |
N/A |
78% |
50% |
N/A |
No |
Yes |
N/A |
| Cover: omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
| Other Bid |
All deposit whole bank with loss share |
0.00% |
$ (4,500) |
N/A |
N/A |
N/A |
80% |
80% |
N/A |
No |
Yes |
N/A |
| Other Bid |
All deposit whole bank |
0.00% |
$ (6,194) |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
No |
No |
N/A |
| Other Bid |
All deposit whole bank |
0.00% |
$ (6,344) |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
No |
No |
N/A |
| Other Bid |
All deposit whole bank with loss share |
0.00% |
$ (8,650) |
N/A |
N/A |
N/A |
80% |
80% |
N/A |
No |
No |
N/A |
| Other Bid |
All deposit whole bank with loss share |
0.00% |
$ (9,930) |
N/A |
N/A |
N/A |
80% |
80% |
N/A |
No |
No |
N/A |
| Other Bid |
All deposit whole bank with loss share |
0.00% |
$ (9,930) |
N/A |
N/A |
N/A |
80% |
80% |
N/A |
No |
Yes |
N/A |
| Other Bid |
All deposit whole bank with loss share |
0.00% |
$ (15,450) |
N/A |
N/A |
N/A |
80% |
80% |
N/A |
No |
No |
N/A |
| Other Bid |
All deposit whole bank |
0.00% |
$ (16,490) |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
No |
No |
N/A |
| Other Bid |
All deposit whole bank |
0.00% |
$ (20,894) |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
No |
Yes |
N/A |
| Other Bid |
All deposit whole bank |
0.00% |
$ (21,044) |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
No |
Yes |
N/A |
| Other Bid |
All deposit whole bank |
0.00% |
$ (29,890) |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
No |
No |
N/A |
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Other Bidder Names:
ANB Bank, Denver, CO
Arvest Bank, Fayetteville, AR
Bank of the Ozarks, Little Rock, AR
Commercial Bank, Parsons, KS
CrossFirst Bank, Leawood, KS
Simmons First National Bank, Pine Bluff, AR
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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.
- There are more bids than bidders because one or more bidders submitted more than one bid.
- The Other Bidder Names and the Other Bids are in random order. There is no linkage between bidder names and bids, except in the case of the winning bid.
- For more information on the bid disclosure policy, see http://www.fdic.gov/about/freedom/biddocs.html
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