First Chicago Bank & Trust, Chicago, IL
Closing Date: July 08, 2011
|Bidder||Type of Transaction||Deposit Premium/(Discount) %||Asset Premium/(Discount) $(000)||SF Loss Share Tranche 1||SF Loss Share Tranche 2||SF Loss Share Tranche 3||Commercial Loss Share Tranche 1||Commercial Loss Share Tranche 2||Commercial Loss Share Tranche 3||Value Appreciation Instrument||Conforming Bid||Linked|
|Winning bid and bidder:
Northbrook Bank & Trust Company, Northbrook, IL
|All deposit whole bank with loss share||0.50%||$(104,100)||80%||80%||80%||80%||80%||80%||Yes||No||N/A|
|Other Bid:||All deposit whole bank with loss share||0.50%||$ (155,500)||80%||30%||80%||80%||30%||80%||Yes||Yes||N/A|
Other Bidder Names:
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.
- Because there was only one other bidder, the Other Bidder Name is omitted from this disclosure.
- For more information on the bid disclosure policy, see http://www.fdic.gov/about/freedom/biddocs.html.