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Bid Summary

Chestatee State Bank
Dawsonville, GA
Closing Date: December 17, 2010



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:
Bank of the Ozarks, Little Rock, AR
All deposit Whole Bank with Loss Share 0.00% $ (34,750) 80% 80% N/A 80% 80% N/A No Yes N/A
Other Bids: None                        


 

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. If any bids were received that would have been more costly than liquidation they have been excluded from this summary.

- For more information on the bid disclosure policy, see http://www.fdic.gov/about/freedom/biddocs.html.

 

Last Updated 01/04/2011 cservicefdicdal@fdic.gov