TierOne Bank, Lincoln, NE
Closing Date: June 4, 2010
| Bidder | Type | Asset Premium/ (Discount) % | Deposit Premium/ (Discount) % | First Loss Tranche % | Loss Share |
|---|---|---|---|---|---|
| Winning:
Great Western Bank, Sioux Falls, SD |
All Deposit Whole Bank | -2.20% | 1.50% | 0% | Yes |
| Cover (second place):
Great Western Bank, Sioux Falls, SD |
All Deposit Whole Bank | -1.90% | 1.50% | 0% | Yes |
| Other Bid: | All Deposit Whole Bank | -2.85% | 0% | 0% | Yes |
| Other Bid: | All Deposit Whole Bank | -8.25% | 0% | 0% | Yes |
| Other Bid: | All Deposit Whole Bank | -14.60% | 0% | 0% | Yes |
Other Bidder Names & Locations:
BancFirst, Oklahoma City, OK
U.S. Bank National Association, Minneapolis, MN
Notes:
- The winning bidder’s acquisition of all the deposits was the least costly resolution compared to a liquidation alternative and the other bids. The liquidation alternative was valued using valuation models to estimate the market value of the assets. The bids for loss share were valued using a discounted cash flow analysis for the loss share portfolio over the life of the loss share agreement.
- 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 and the cover bid.
- There are 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