First Priority Bank, Bradenton, FL
Closing date: August 1, 2008
SunTrust Bank, Atlanta, GA for Clean Purchase and Assumption, Insured Deposits Only - Deposit Premium of 0%, together with LNV Corporation, Plano, TX bid for optional loan pool.
No other conforming bids were received
- The winning bidder's acquisition of the insured 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.