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Bank Failures

Bid Summary

Rosemount National Bank, Rosemount, MN
Closing Date: April 15, 2011

Bidder Type of Transaction Deposit Premium % Asset Premium/(Discount) $(000) SF Loss Share Tranche 1 SF Loss Share Tranche 2 SF Loss Share Tranche 3 Commercial Loss Share Tranche 1 Commercial Loss Share Tranche 2 Commercial Loss Share Tranche 3 Value Appreciation Instrument Conforming Bid Linked
Winning bid and bidder:
Central Bank, Stillwater, MN 		All deposit whole bank 0.00% $(3,900) N/A N/A NA NA N/A N/A No Yes N/A
Cover: First State Bank of Kensington, Kensington, MN All deposit whole bank 0.00% $(4,350) N/A N/A N/A N/A N/A N/A No Yes N/A
Other Bid:                        

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.
  • The cover bid is the least costly bid after excluding all bids submitted by the winning bidder.
  • 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: December 16, 2021