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Bid Summary

Nevada Commerce Bank
Las Vegas, NV
Closing Date: April 8, 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:
City National Bank, Beverly Hills, CA
All deposit whole bank with loss share 0.71% $ (20,455) 80% 80% N/A 80% 80% N/A No Yes No
Cover (second best) - City National Bank, Beverly Hills, CA All deposit whole bank with loss share 0.71% $ (44,602) 0% 80% N/A 0% 80% N/A No Yes No
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 bids for loss share were valued using a discounted cash flow analysis for the loss share portfolio over the life of the loss share agreement.

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


Last Updated 05/22/2012 cservicefdicdal@fdic.gov