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Bid Summary
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Corn Belt Bank and Trust Company
Pittsfield, IL
Closing Date: February 13, 2009
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Winning Bidder:
The Carlinville National Bank, Carlinville, IL
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Winning Bid:
All deposits P&A, Deposit Premium 1.75%
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other bids were received |
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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 of the assets.
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