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Bid Summary
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Marco Community Bank
Marco Island, FL
Closing Date: February 19, 2010
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All bids were All Deposit, Whole Bank with Loss Share: |
| Bidder |
Asset Discount |
Deposit Premium |
Winning:
Mutual of Omaha Bank, Omaha NE |
$12,168,000 |
1.50% |
| Cover
(second place)- Central Bank, Stillwater, MN |
$12,730,000 |
0% |
| Other |
$13,795,000 |
0% |
| Other |
$17,500,000
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0% |
| Other |
$17,960,000 |
1.30% |
| Other |
$25,000,000 |
-0.32% |
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Other Bidder Names:
American Momentum Bank, Tampa, FL
BankLiberty, Liberty, MO
Centennial Bank, Conway, AR
First National Bank of the Gulf Coast, Naples, FL
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Notes:
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.
- For more information on the bid disclosure policy, see http://www.fdic.gov/about/freedom/biddocs.html.
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