Bid Summary
First National Bank, Rosedale, MS
Closing Date: June 4, 2010
Winning Bidder:
The Jefferson Bank, Fayette, MS
Winning Bid:
All deposits, whole bank with loss share – Asset Discount of 12.99%; First Loss Tranche 0%; Deposit Premium of 0%.
No other bids were received.
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 bid for loss share was 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 https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/biddocs.html