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Bank Failures

Bid Summary for First National Bank, Savannah, GA

First National Bank, Savannah, GA
Closing Date: June 25, 2010

Failed Bank Information for First National Bank, Savannah, GA

BidderType of TransactionDeposit Premium %Asset Premium/(Discount) $(000)SF Loss Share Tranche 1SF Loss Share Tranche 2SF Loss Share Tranche 3Commercial Loss Share Tranche 1Commercial Loss Share Tranche 2Commercial Loss Share Tranche 3Value Appreciation InstrumentConforming BidLinked
Winning:
The Savannah Bank, NA Savannah, GA		All deposit Clean P&A0.11%N/AN/AN/AN/AN/AN/AN/ANoYesN/A
Other bids: None            

Notes:

  • The winning bidder's acquisition of all 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. If any bids were received that would have been more costly than liquidation they have been excluded from this summary.
  • For more information on the bid disclosure policy, see Failed Financial Institution Bid Disclosure Policy.


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Last Updated: December 20, 2021