Each depositor insured to at least $250,000 per insured bank



Home > Industry Analysis > Failed Banks > Failed Bank List > Failed Bank Information > Bid Summary



 
 
Bid Summary

Marco Community Bank
Marco Island, FL
Closing Date: February 19, 2010



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

0%

Other

$17,960,000

1.30%

Other

$25,000,000

-0.32%

Other Bidder Names:

American Momentum Bank, Tampa, FL
BankLiberty, Liberty, MO
Centennial Bank, Conway, AR
First National Bank of the Gulf Coast, Naples, FL

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.




Last Updated 08/12/2011 cservicefdicdal@fdic.gov