Charter Bank, Santa Fe, NM,
Closing Date: January 22, 2010
|Bidder||Type of Transaction||Deposit Premium %||Asset Premium/(Discount) $(000)||SF Loss Share Tranche 1||SF Loss Share Tranche 2||SF Loss Share Tranche 3||Commercial Loss Share Tranche 1||Commercial Loss Share Tranche 2||Commercial Loss Share Tranche 3||Value Appreciation Instrument||Conforming Bid||Linked|
|Winning Bid and Bidder:
Charter Bank (a subidiary of Beal Financial Corporation, Plano, TX) Albuquerque, NM
|All deposit whole bank with loss share||0.00%||$(155,431)||80%||95%||N/A||80%||95%||N/A||No||No||N/A|
|Cover (second place):
Great Southern Bank, Springfield, MO
|All deposit modified whole bank with loss share||0.00%||$(79,500)||80%||95%||N/A||80%||95%||N/A||No||No(1)||N/A|
|Other Bid:||All deposit whole bank with loss share||0.00%||$(175,000)||80%||95%||N/A||80%||95%||N/A||No||Yes||N/A|
(1) Bid excluded certain loans.
Other Bidder Names & Locations:
First-Citizens Bank & Trust Company
- 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.
- For more information on the bid disclosure policy, see https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/biddocs.html