Skip Header
U.S. flag

An official website of the United States government

Bid Summary

GreenChoice Bank, fsb, Chicago, IL
Closing Date: July 25, 2014

Bidder Type of Transaction Deposit Premium % Asset Premium/(Discount) $(000) Optional Loan Pool 100 (Performing) (% of BV) Optional Loan Pool 200 (Non-Performing) (% of BV) Optional OREO Pool (% of BV) Conforming Bid
Winning Bid and Bidder: Providence Bank, LLC, South Holland, IL All deposit whole bank 0.00% $(11,251)     62.34% N - 1,2
Cover Bid: Republic Bank of Chicago, Oak Brook, IL All deposit whole bank 1.025% $(15,111)     36.70% Y
Other Bid:   All deposit whole bank 0.50% $(19,670)     26.00% Y
Other Bid:   All deposit whole bank 0.00% $(12,482)     62.34% N - 1,3
Other Bid:   All deposit whole bank 0.00% $(10,241)     62.34% N - 1,4
Other Bid:   All deposit whole bank 0.00% $(12,007)     62.34% N - 1,5
Other Bid:   All deposit whole bank 0.00% $(11,472)     62.34% N - 1,6
Other Bid:   All deposit whole bank 0.00% $(13,328)     62.34% N - 1
Other Bid:   All deposit whole bank 0.00% $(10,997)     62.34% N - 1,7
Other Bid:   All deposit whole bank 0.00% $(12,228)     62.34% N - 1,8
Other Bid:   All deposit basic P&A with Loan Pools 1.025%   70.15% No Bid 36.70% Y

Conforming Bid Notes:

1- Stipulates no obligation to occupy or operate the Diversity branch beyond three months after the bank closing date.
2- Excludes $2.0 million in loans.
3- Excludes $559,000 in loans.
4- Excludes $4.1 million in loans.
5- Excludes $1.4 million in loans.
6- Excludes $2.6 million in loans.
7- Excludes $3.5 million in loans.
8- Excludes $2.1 million in loans.

Other Bidder Names & Locations:

Providence Bank, LLC, South Holland, IL
Republic Bank of Chicago, Oak Brook, IL
The Federal Savings Bank, Chicago, IL

Notes:


Back to top