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Failed Bank Information
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Bid Summary
Charter Bank
Santa Fe, NM
Closing Date: January 22, 2010
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| 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:
Charter Bank (a
subidiary of Beal
Financial Corporation,
Plano, TX)
Albuquerque, NM |
All deposit whole bank with loss share |
0.00% |
$(155,431)
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80% |
95% |
N/A |
80% |
95% |
N/A |
No |
No |
N/A |
Cover (second place): Great Southern Bank
Springfield, MO |
All deposit
modified whole
bank with loss
share |
0.00% |
$(79,500) |
80% |
95% |
N/A |
80% |
95% |
N/A |
No |
No(1) |
N/A |
| Other Bid |
All deposit whole bank with loss share |
0.00% |
$(175,000) |
80% |
95% |
N/A |
80% |
95% |
N/A |
No |
Yes |
N/A |
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(1) Bid excluded certain loans.
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Other Bidder Names:
First-Citizens Bank & Trust Company
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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.
- For more information on the bid disclosure policy, see http://www.fdic.gov/about/freedom/biddocs.html
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