Bid Summary
Charter Bank, Santa Fe, NM,
Closing Date: January 22, 2010
| 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:
Charter Bank (a subidiary of Beal Financial Corporation, Plano, TX) Albuquerque, NM |
All deposit whole bank with loss share | 0.00% | $(155,431) | 80% | 95% | N/A | 80% | 95% | N/A | No | No | N/A |
| Cover (second place):
Great Southern Bank, Springfield, MO |
All deposit modified whole bank with loss share | 0.00% | $(79,500) | 80% | 95% | N/A | 80% | 95% | N/A | No | No(1) | N/A |
| Other Bid: | All deposit whole bank with loss share | 0.00% | $(175,000) | 80% | 95% | N/A | 80% | 95% | N/A | No | Yes | N/A |
(1) Bid excluded certain loans.
Other Bidder Names & Locations:
First-Citizens Bank & Trust Company
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.
- For more information on the bid disclosure policy, see https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/biddocs.html