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Bid Summary

Georgia Trust Bank
Buford, GA
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:
Community & Southern Bank, Atlanta, GA		 All deposit whole bank with loss share 0.50% $(15,100) N/A N/A N/A 80% 80% N/A No Yes Yes
Cover:
omitted from this disclosure		 Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure  Omitted from this disclosure
Other bid All deposit whole bank with loss share 0.00% $(13,976) N/A N/A N/A 80% 80% N/A No No Yes
Other bid All deposit whole bank with loss share 0.00% $(14,605) N/A N/A N/A 80% 80% N/A No No Yes
Other bid All deposit whole bank with loss share 0.50% $(15,200) N/A N/A N/A 80% 80% N/A No Yes Yes
Other bid All deposit whole bank with loss share 0.00% $(15,400) N/A N/A N/A 80% 80% N/A No Yes Yes
Other bid All deposit whole bank with loss share 0.00% $(15,400) N/A N/A N/A 80% 80% N/A No Yes Yes
Other bid All deposit whole bank with loss share 0.00% $(18,707) N/A N/A N/A 80% 80% N/A No Yes Yes
Other bid All deposit whole bank with loss share 0.00% $(18,900) N/A N/A N/A 80% 80% N/A No Yes Yes
Other bid All deposit whole bank with loss share 0.00% $(18,900) N/A N/A N/A 80% 80% N/A No Yes No
Other bid All deposit whole bank with loss share 0.00% $(20,808) N/A N/A N/A 80% 80% N/A No Yes Yes
Other bid All deposit whole bank 0.00% $(32,150) N/A N/A N/A N/A N/A N/A No Yes No


Other Bidder Names:

Ameris Bank, Moultri, GA
Bank of the Ozarks, Little Rock, AR
Community & Southern Bank, Atlanta, GA
Stearns Bank, St. Cloud, MN

 

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. 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.

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

- 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 http://www.fdic.gov/about/freedom/biddocs.html.

 

Last Updated 08/08/2012 cservicefdicdal@fdic.gov