Alabama Trust Bank, N.A., Sylacauga, AL
Closing Date: May 18, 2012
|Bidder||Type of Transaction||Deposit Premium/(Discount) %||Asset Premium/(Discount) $(000 ) / %||SF Loss Share Tranche 1||SF Loss Share Tranche 2||SF Loss Share Tranche 3||Commercial Loss Share Tranche 1||Commercial Loss Share Tranche 2||Commercial Loss Share Tranche 3||Value Appreciation Instrument||Conforming Bid||Linked||Winning bid and bidder:
Southern States Bank, Anniston, AL
|All deposit Whole Bank P&A||0.00%||$(11,190)||N/A||N/A||N/A||N/A||N/A||N/A||No||Yes||N/A|
|Other Bid:||All deposit Whoe Bank with loss share||0.00%||$(6,990)||N/A||N/A||N/A||80%||80%||N/A||No||Yes||N/A|
Other Bidder Names & Locations:
Omitted from this disclosure
- 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 bid that: a. Is less costly than liquidation and b. Is the least costly bid after excluding all bids submitted by the winning bidder.
- For more information on the bid disclosure policy, see http://www.fdic.gov/about/freedom/biddocs.html.