Resolute Bank, Maumee, OH
Closing Date: October 25, 2019
| Bidder | Type of Transaction |
Deposit Premium % | Asset Premium/ (Discount) $(000) |
Optional Loan Pool (Single Family) (% of BV) |
Optional Loan Pool (Commercial RE) (% of BV) |
Optional Loan Pool (C&I) (% of BV) |
Optional Loan Pool (Consumer) (% of BV) |
Optional Loan Pool (Gov't Guaranteed) (% of BV) |
Optional OREO Pool (% of BV) |
Conforming Bid |
|---|---|---|---|---|---|---|---|---|---|---|
| Winning Bid: Buckeye State Bank, Powell, OH | All deposit Whole Bank | 0.30% | ($900) | N/A | N/A | N/A | N/A | N/A | 60.00% | Yes |
| Cover Bid: United Fidelity Bank, fsb, Evansville, IN | Insured deposit Whole Bank | 0.00% | ($2,450) | N/A | N/A | N/A | N/A | N/A | No Bid | Yes |
| Other Bids: | All deposit Whole Bank | 0.00% | ($4,380) | N/A | N/A | N/A | N/A | N/A | No Bid | Yes |
| Other Bids: | All deposit Whole Bank | 0.00% | ($9,061) | N/A | N/A | N/A | N/A | N/A | No Bid | Yes |
| Other Bids: | Insured deposit Whole Bank | 0.00% | ($974) | N/A | N/A | N/A | N/A | N/A | 60.00% | Yes |
| Other Bids: | All deposit Basic P&A with Optional Loan Pools | 0.30% | N/A | 96.00% | 96.00% | 85.00% | 96.00% | 85.00% | 60.00% | Yes |
| Other Bids: | All deposit Basic P&A with Optional Loan Pools | 0.00% | N/A | 67.70% | 67.70% | 67.70% | 67.70% | No Bid | No Bid | Yes |
| Other Bids: | Insured deposit Basic P&A with Optional Loan Pools | 0.00% | N/A | 94.00% | 94.00% | 85.00% | 94.00% | 85.00% | 60.00% | Yes |
Other Bidder Names & Locations:
First-Citizens Bank and Trust Company, Raleigh, NC
The Union Bank Company, Columbus Grove, OH
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 (second best) 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 and cover bids.
- 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