Guaranty Bank, Milwaukee, WI, (d/b/a BestBank in Georgia & Michigan)
Closing Date: May 5, 2017
|Bidder||Type of Transaction||Deposit Premium %||Asset Premium/ (Discount) $(000)||Optional Loan Pool (Performing SFR 1st Liens) (% of BV)||Optional Loan Pool (Performing SFR 2nd Liens, HELOCs) (% of BV)||Optional Loan Pool (Non-Performing SFR) (% of BV)||Optional Loan Pool (Student Loans) (% of BV)||Optional Loan Pool (Performing Government Guaranteed) (% of BV)||Optional Loan Pool (Non-Performing Ginnie Mae Buyout) (% of BV)||Optional Loan Pool (All ADC, CRE, C&I) (% of BV)||Optional OREO Pool (% of BV)||Conforming Bid|
|Winning Bid and Bidder:
First-Citizens Bank & Trust Company, Raleigh, NC
|All deposit Whole Bank||0.00%||($147,500)||N/A||N/A||N/A||N/A||N/A||N/A||N/A||No Bid||No|
Great Southern Bank
|All deposit Basic P&A with Optional Loan Pools||0%||N/A||76.72%||76.72%||76.72%||N/A||76.72%||N/A||76.72%||No Bid||No|
|Other:||All deposit Basic P&A with Optional Loans Pools||0.00%||N/A||75.00%||75.00%||75.00%||N/A||75.00%||N/A||75.00%||No Bid||No|
|Other:||All deposit Whole Bank||0.00%||($149,00)||N/A||N/A||N/A||N/A||N/A||N/A||N/A||No Bid||Yes|
Other Bidder Names & Locations:
Great Southern Bank, Springfield, MO
- 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