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Bank Failures

Bid Summary for First National Bank, Rosedale, MS

First National Bank, Rosedale, MS
Closing Date: June 4, 2010

Failed Bank Information for First National Bank, Rosedale, MS

Winning Bidder:

The Jefferson Bank, Fayette, MS

Winning Bid:

All deposits, whole bank with loss share – Asset Discount of 12.99%; First Loss Tranche 0%; Deposit Premium of 0%.

No other bids were received.

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 bid for loss share was valued using a discounted cash flow analysis for the loss share portfolio over the life of the loss share agreement.
  • For more information on the bid disclosure policy, see Failed Financial Institution Bid Disclosure Policy.

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Last Updated: May 5, 2021