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



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Bid Summary

Warren Bank
Warren, MI
Closing Date: October 2, 2009



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:
Huntington National Bank, Columbus, OH
All deposit Clean P&A 0.27% N/A N/A N/A N/A N/A N/A N/A No Yes N/A
Other Bids: None                        



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. If any bids were received that would have been more costly than liquidation they have been excluded from this summary.
- For more information on the bid disclosure policy, see http://www.fdic.gov/about/freedom/biddocs.html.






Last Updated 08/03/2011 cservicefdicdal@fdic.gov