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Failed Bank Information
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Bid Summary
MetroPacific Bank
Irvine, CA
Closing date: June 26, 2009
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Winning Bidder:
Sunwest Bank, Tustin, CA
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Winning Bid:
All deposits, whole bank – Asset Discount of $34 million, Deposit Premium 0% |
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Notes:
- There was only one conforming bid for this institution. 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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