Bid Summary
First National Bank of Anthony, Anthony, KS
Closing Date: June 19, 2009
Closing Date: June 19, 2009
Winning Bidder: Bank of Kansas, South Hutchinson, KS
Winning Bid: All deposits, whole bank with loss share - Asset Discount of $14.95 million, Deposit Premium 0.5%
There was only one bid for this institution
Note:
- The Acquiring Institution’s bid for a Whole Bank All Deposits with Loss Share P&A transaction 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 loss share agreement 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 https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/biddocs.html