AmTrust Bank, Cleveland, OH
Closing date: December 4, 2009
|Bid||Whole Bank Deposit Premium||Ohio Deposit Premium||Florida Deposit Premium||Arizona Deposit Premium||All or Insured Deposits||Loss Share Pool A, $ in millions||Loss Share Pool B, $ in millions||Servicing Pool, $ in millions|
|Winning Bid: New York Community Bank, Westbury, NY||0%||All||-425 for Loss Share Pools A and B, plus warrants||-425 for Loss Share Pools A and B, plus warrants||No bid|
|Cover (second place) Bidder and Bid||TD Bank, N.A., Portland, ME||0%|
|Other Bid||1%||All||No bid|
|Other Bid||0%||All||-153||No bid|
|Other Bid||0%||0%||All||-183||No bid|
|Other Bid||0%||All||-154.5||No bid|
|Other Bid||0%||0%||All||-184.5||No bid|
|Other Bid||0%||All||-153||-154.5||No bid|
|Other Bid||1.25%||All||-1,389||No bid|
|Other Bid||0.50%||Insured||-882||-878||No bid|
Other Bidder Names & Locations:
EverBank, Jacksonville, FL
FirstMerit Bank, N.A., Akron, OH
TD Bank National Association, Portland, ME
Third Federal Savings & Loan, Cleveland, OH
- The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative and the other bids. 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.
- The Other Bidder Names and the Other Bids are in random order. There is no linkage between bidder names and bids, except in the case of the winning bid and the cover bid.
- There are more bids than bidders because one or more bidders submitted more than one bid.
- For more information on the bid disclosure policy, see https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/biddocs.html