|
| |
| |
Bid Summary
|
|
Truman Bank
St Louis, MO
Closing Date: September 14, 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:
Simmons First National Bank Pine Bluff, AR |
All deposit Whole Bank P&A with Loss Share and Optional Loan Pool |
0.00% |
$(20,900) |
N/A |
N/A |
N/A |
80% |
80% |
N/A |
No |
Yes |
N/A |
| Cover: None |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
| Other bid |
All deposit Whole Bank P&A with Loss Share |
0.00% |
$(31,725) |
N/A |
N/A |
N/A |
80% |
80% |
N/A |
No |
No |
N/A |
| Other bid |
All deposit Whole Bank P&A with Loss Share |
0.00% |
$(34,300) |
N/A |
N/A |
N/A |
80% |
80% |
N/A |
No |
Yes |
N/A |
| Other bid |
All deposit Whole Bank P&A with Loss Share and Optional Loan Pool |
0.00% |
$(52,800) |
N/A |
N/A |
N/A |
80% |
80% |
N/A |
No |
No |
N/A |
| Other bid |
All deposit Whole Bank P&A with Loss Share |
0.00% |
$(54,750) |
N/A |
N/A |
N/A |
80% |
80% |
N/A |
No |
No |
N/A |
| Other bid |
All deposit Whole Bank P&A with Loss Share and Optional Loan Pool |
0.00% |
$(54,750) |
N/A |
N/A |
N/A |
80% |
80% |
N/A |
No |
No |
N/A |
|
|
|
|
|
Other Bidder Names:
Bank of the Ozarks, Little Rock, AR
Great Southern Bank, Reeds Spring, MO
Simmons First National Bank, Pine Bluff, AR
|
| |
|
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.
- 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.
- There are more bids than bidders because one or more bidders submitted more than one bid.
- For more information on the bid disclosure policy, see http://www.fdic.gov/about/freedom/biddocs.html.
|
|
|
