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Bid Summary

First National Bank
Rosedale, MS
Closing Date: June 4, 2010

Winning Bidder: The Jefferson Bank, Fayette, MS

Winning Bid: 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.

Last Updated 07/19/2010 cservicefdicdal@fdic.gov