FDIC Header Test Skip Header

Federal Deposit
Insurance Corporation

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

Bid Summary

First Banking Center, Burlington, WI
Closing Date: November 19, 2010

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:
First Michigan Bank, Troy, MI
All deposit whole bank with loss share 0.50% $ (57,434) 80% 30% 80% 80% 0% 80% No Yes N/A
Cover (second place): State Bank of the Lakes, Antioch, IL All deposit whole bank with loss share 1.10% $(78,700) 80% 80% 80% 80% 80% 80% No No N/A
Other Bid All deposit modified whole bank with loss share 1.10% $ (57,300) 80% 80% 80% 80% 80% 80% Yes No N/A
Other Bid All deposit modified whole bank with loss share 1.10% $ (77,500) 80% 20% 80% 80% 0% 80% No Yes N/A
Other Bid All deposit modified whole bank with loss share 1.10% $ (79,500) 80% 20% 80% 80% 0% 80% Yes Yes N/A
Other Bid All deposit modified whole bank with loss share 1.10% $ (81,000) 80% 0% 80% 80% 0% 80% Yes No N/A
Other Bid All deposit whole bank with loss share 1.10% $ (82,600) 80% 80% 80% 80% 80% 80% No No N/A

Notes:


Back to top

Skip Footer back to content