Bid Summary
First NBC Bank, New Orleans, LA
Closing Date: April 28, 2017
| Bidder | Type of Transaction | Deposit Premium % | Asset Premium/ (Discount) $(000) | Optional Loan Pool 30-Performing Single Family (% of BV) | Optional Loan Pool 30-Non-Performing Single Family (% of BV) | Optional Loan Pool 40 ADC (% of BV) | Optional Loan Pool 50 Commercial Real Estate-Performing (% of BV) | Optional Loan Pool 55 Commercial Real Estate-Non-Performing (% of BV) | Optional Loan Pool 60 Land and Agr (% of BV) | Optional Loan Pool 70 C&I Performing (% of BV) | Optional Loan Pool 75 C&I Non-Performing (% of BV) | Optional Loan Pool 80 Gov't Guaranteed (% of BV) | Optional OREO Pool (% of BV) | Conforming Bid |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Winning Bid and Bidder: Whitney Bank, Gulfport, MS |
All deposit Basic P&A with Optional Loans Pools | $35,000 | N/A | 100% | No Bid | No Bid | No Bid | No Bid | No Bid | No Bid | No Bid | No Bid | No Bid | No - 1,2 |
| Cover Bid: None |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Bids: | ||||||||||||||
| First-Citizens Bank & Trust Company, Raleigh, NC | All deposit Whole Bank | 0.00% | ($1,389,000) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No Bid | Yes |
Conforming Bid Notes:
1- Excludes non-performing loans in the optional SFR pool.
2- Requires FDIC to payout all non-transaction deposit accounts.
Other Bidder Names & Locations:
None
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 cover (second best) bid is the bid that: a. Is less costly then liquidation and b. Is the least costly bid after excluding all bids submitted by the winning bidder.
- There is no linkage between bidder names and bids, except in the case of the winning and cover bids.
- There may be 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