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Bank Failures

Bid Summary

Vineyard Bank, National Association, Rancho Cucamonga, CA
Closing Date: July 17, 2009

Winning Bidder:

California Bank & Trust, San Diego, CA

Winning Bid:

All deposits, whole bank with loss share – Asset Discount of $242 million, Deposit Premium 0%.

Other Bids:

None

Notes:

  • The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative and the other bid. The liquidation alternative was valued using valuation models to estimate the market value of the assets. The bid for loss share was valued using a discounted cash flow analysis for the loss share portfolio over the life of the loss share agreement.
  • Although two bids were received for this institution, the second bid would have been more costly than liquidation. It has therefore been excluded from this summary.
  • For more information on the bid disclosure policy, see https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/biddocs.html


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Last Updated: November 23, 2020