FirstBank Financial Services, McDonough, GA
Closing Date: February 5, 2009
Winning Bidder: Regions Bank, Birmingham, AL
Winning Bid: All deposits P&A, Deposit Premium 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.
- For more information on the bid disclosure policy, see https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/biddocs.html