Each depositor insured to at least $250,000 per insured bank



Home > Industry Analysis > Failed Banks > Failed Bank List > Failed Bank Information > Bid Summary



 
 
Bid Summary

Rosemount National Bank
Rosemount, MN
Closing Date: April 15, 2011



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:
Central Bank, Stillwater, MN
All deposit whole bank 0.00% $ (3,900) N/A N/A NA NA N/A N/A No Yes N/A
Cover - First State Bank of Kensington, Kensington, MN All deposit whole bank 0.00% $ (4,350) N/A N/A N/A N/A N/A N/A No Yes N/A
Other bids: None                        


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 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.


Last Updated 05/17/2012 cservicefdicdal@fdic.gov