First International Bank, Plano, TX
Closing Date: September 30, 2011
Failed Bank Information for First International Bank, Plano, TX
| Bidder | Type of Transaction | Deposit Premium % | 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: American First National Bank, Houston, TX | All deposit Whole Bank | 0.00% | $ (78,000) | N/A | N/A | N/A | N/A | N/A | N/A | No | Yes | N/A |
| Cover - none | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Bid | All deposit whole bank with loss share | 0.00% | $(43,000) | 80% | 80% | N/A | 80% | 80% | N/A | No | Yes | N/A |
| Other Bid | All deposit whole bank with loss share | 0.00% | $(48,000) | 80% | 80% | N/A | 80% | 80% | N/A | No | Yes | N/A |
| Other Bid | All deposit whole bank with loss share | 0.00% | $(49,900) | 80% | 80% | N/A | 80% | 80% | N/A | No | No | N/A |
Other Bidder Names
American First National Bank, Houston, TX
Bank of the Ozarks, Little Rock, AR
East West Bank, Pasadena, CA
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.
- 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 Failed Financial Institution Bid Disclosure Policy.