Each depositor insured to at least $250,000 per insured bank



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Failed Bank Information

Bid Summary
AmTrust Bank
Cleveland, OH
Closing date: December 4, 2009



Bid Whole Bank Deposit Premium Ohio Deposit Premium Florida Deposit Premium Arizona Deposit Premium All or Insured Deposits Loss Share Pool A, $ in millions Loss Share Pool B, $ in millions Servicing Pool, $ in millions
Winning Bid: New York Community Bank, Westbury, NY 0%

 

 

 

All -425 for Loss Share Pools A and B, plus warrants -425 for Loss Share Pools A and B, plus warrants No bid
Cover (second place) Bidder and Bid TD Bank, N.A., Portland, ME 0%            
Other Bid

 

 

1%

 

All

 

 

No bid
Other Bid  

 

0%

 

All -153

 

No bid
Other Bid

 

 

0% 0% All -183

 

No bid
Other Bid

 

 

0%

 

All

 

-154.5 No bid
Other Bid

 

 

0% 0% All

 

-184.5 No bid
Other Bid

 

 

0%

 

All -153 -154.5 No bid
Other Bid

 

 

0%

 

All -381 -509 -85
Other Bid

 

 

0% 0% All -386 -514 -85
Other Bid

 

0% 0%

 

All -441 -589 -85
Other Bid

 

1.25%

 

 

All -1,389

 

No bid
Other Bid

 

0.50%

 

 

Insured -882 -878 No bid


Other Bidder Names:

EverBank, Jacksonville, FL
FirstMerit Bank, N.A., Akron, OH
TD Bank National Association, Portland, ME
Third Federal Savings & Loan, Cleveland, OH

Notes:

- The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative and the other bids. The liquidation alternative was valued using valuation models to estimate the market value of the assets. The bids for loss share were valued using a discounted cash flow analysis for the loss share portfolio over the life of the loss share agreement.

- 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 and the cover bid.

- There are more bids than bidders because one or more bidders submitted more than one bid.

- For more information on the bid disclosure policy, see http://www.fdic.gov/about/freedom/biddocs.html




Last Updated 08/09/2011 cservicefdicdal@fdic.gov