First National Bank, Rosedale, MS
Closing Date: June 4, 2010
The Jefferson Bank, Fayette, MS
All deposits, whole bank with loss share – Asset Discount of 12.99%; First Loss Tranche 0%; Deposit Premium of 0%.
No other bids were received.
- 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.