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Bank Failures

Bid Summary

Allied Bank, Mulberry, AR
Closing Date: September 23, 2016

Bidder Type of Transaction Deposit Premium % Asset Premium/ (Discount) $(000) Optional Loan Pool (Residential) (% of BV) Optional Loan Pool (ADC, CRE, Land, AG)(% of BV) Optional Loan Pool (C&I)(% of BV) Optional Loan Pool (Consumer) (% of BV) Optional Loan Pool (Non-Performing) (% of BV) Optional OREO Pool (% of BV) Conforming Bid
Winning Bid and Bidder:
Today's Bank, Huntsville, AR		 All deposit Whole Bank 0.00% ($6,142) N/A N/A N/A N/A N/A 77.24% Yes
Cover Bid: FNBC Bank, Ash Flat, AR Whole Bank P&A 3.50% ($8,274) N/A N/A N/A N/A N/A 35.00% Yes
Other Bid: All deposit Whole Bank 0.00% ($6,000) N/A N/A N/A N/A N/A No Bid No - 1
Other Bid: All deposit Whole Bank 0.00% ($6,100) N/A N/A N/A N/A N/A No Bid Yes
Other Bid: All deposit Whole Bank 0.00% ($8,571) N/A N/A N/A N/A N/A No Bid No - 2
Other Bid: All deposit Whole Bank 0.00% ($11,250) N/A N/A N/A N/A N/A 50.00% Yes
Other Bid: All deposit Whole Bank 3.06% ($12,037) N/A N/A N/A N/A N/A 59.50% Yes
Other Bid: All deposit Basic P&A with Optional Loan Pools 0.00% N/A 59.75% No Bid No Bid 59.75% No Bid No Bid No - 1,2,3
Other Bid: All deposit Basic P&A with Optional Loan Pools 3.06% N/A No Bid No Bid No Bid No Bid No Bid 59.50% Yes
Other Bid: All deposit Basic P&A with Optional Loan Pools 3.06% N/A 77.95% 72.38% 81.77% 80.23% No Bid 59.50% Yes

Conforming Bid Notes:

1- Requests option to lease one or more existing premises for up to 24 months with option to purchase at market price during the 24 month lease term.
2- Excludes subsidiaries.
3- Waives a one year branch operation provision, alters lease terms and requests a reduction of lease rates.

Other Bidder Names & Locations:

Centennial Bank, Conway, AR
Chambers Bank, Danville, AR
First Community Bank, Batesville, AR
Grand Savings Bank, Grove, OK
State Bank of Texas, Dallas, TX

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.
  • The cover bid is the bid that: a. Is less costly then liquidation and b. Is the least costly bid after excluding all bids submitted by the winning bidder.
  • There is no linkage between bidder names and bids, except in the case of the winning bid.
  • There may be more bids than bidders because one or more bidders submitted more than one bid.
  • 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: August 3, 2021