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Bank Failures

Bid Summary for Carson River Community Bank, Carson City, NV

Carson River Community Bank, Carson City, NV
Closing Date: February 26, 2010

Failed Bank Information for Carson River Community Bank, Carson City, NV

BidderType of TransactionDeposit Premium %Asset Premium/(Discount) $(000)SF Loss Share Tranche 1SF Loss Share Tranche 2SF Loss Share Tranche 3Commercial Loss Share Tranche 1Commercial Loss Share Tranche 2Commercial Loss Share Tranche 3Value Appreciation InstrumentConforming BidLinked
Winning bid and bidder:
Heritage Bank of Nevada,
Reno, NV		All deposit modified
whole bank with loss
share		0.00%$ (2,571)80%95%N/A80%95%N/ANoNo (1)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. 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.
  • (1) Non-conforming due to exclusion of approx. $13.3 million in loans - not offered on a modified basis

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Last Updated: April 19, 2022