Premier Bank, Denver, CO
Closing Date: July 10, 2015
Failed Bank Information for Premier Bank, Denver, CO
| Bidder | Type of Transaction | Deposit Premium % | Asset Premium/ (Discount) $(000) | Optional OREO Pool (% of BV) | Conforming Bid |
|---|---|---|---|---|---|
| Winning bid and bidder: United Fidelity Bank, fsb Evansville, IN | All deposit whole bank | 0.00% | $(1,780) | 61.20% | Yes |
| Cover Bid: American First National Bank, Houston, TX | All deposit whole bank | 0.00% | $(2,150) | 65.00% | Yes |
| Other Bid: | All deposit whole bank | 0.00% | $(2,150) | No Bid | Yes |
| Other Bid: | All deposit whole bank | 0.00% | $(2,400) | No Bid | Yes |
Other Bidder Names & Locations:
American First National Bank, Houston, TX
First-Citizens Bank & Trust Company, Raleigh, NC
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.
- There is no linkage between bidder names and bids, except in the case of the winning bid.
- For more information on the bid disclosure policy, see Failed Financial Institution Bid Disclosure Policy.