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First National Bank
Rosedale, MS
Closing Date: June 4, 2010
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Winning Bidder:
The Jefferson Bank, Fayette, MS
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Winning Bid:
All deposits, whole bank with loss share – Asset Discount of 12.99%; First Loss Tranche 0%; Deposit Premium of 0%.
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No 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. The bid for loss share was valued using a discounted cash flow analysis for the loss share portfolio over the life of the loss share agreement.
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