Second Federal Savings and Loan Association of Chicago, Chicago, IL
Closing Date: July 20, 2012
|Bidder||Type of Transaction||Deposit Premium/(Discount) %||Asset Premium/(Discount) $(000)||SF Loss Share Tranche 1||SF Loss Share Tranche 2||SF Loss Share Tranche 3||Commercial Loss Share Tranche 1||Commercial Loss Share Tranche 2||Commercial Loss Share Tranche 3||Value Appreciation Instrument||Conforming Bid||Linked|
|Winning Bid and Bidder:
Hinsdale Bank and Trust Company, Hinsdale, IL
|All deposit Clean P&A||$100,000||N/A||N/A||N/A||N/A||N/A||N/A||N/A||No||No||N/A|
|Other Bid:||All deposit Clean P&A||0.00%||N/A||N/A||N/A||N/A||N/A||N/A||N/A||No||No||N/A|
|Other Bid:||All deposit whole bank||0.50%||$(130,000)||N/A||N/A||N/A||N/A||N/A||N/A||No||No||N/A|
Other Bidder Names & Locations:
Hinsdale Bank and Trust, Rosewood, IL
One PacificCoast Bank, Oakland, CA
- 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. Bids for loss share, if any, were valued using a discounted cash flow analysis for the loss share portfolio over the life of the loss share agreement.
- The cover bid is the bid that: a. Is less costly than liquidation and b. Is the least costly bid after excluding all bids submitted by the winning bidder.
- The Other Bidder Names and the Other Bids are in random order. There is no linkage between bidder names and bids, except in the case of the winning bid.
- For more information on the bid disclosure policy, see https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/biddocs.html