Riverside Bank of the Gulf Coast, Cape Coral, FL
Closing Date: February 13, 2009
TIB Bank, Naples, FL
All deposits P&A, Deposit Premium 1.3%
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.