Frontier Bank, LaGrange, GA
Closing Date: March 8, 2013
|Bidder||Type of Transaction||Deposit Premium/(Discount) %||Asset Premium/(Discount) $(000) / %||SF Loss Share Tranche 1||SF Loss Share Tranche 2||SF Loss Share Tranche 3||Commercial Loss Share Tranche 1||Commercial Loss Share Tranche 2||Commercial Loss Share Tranche 3||Value Appreciation Instrument||Conforming Bid||Linked|
|Winning bid and bidder:
Heritage Bank of the South, Albany, GA
|All deposit Whole Bank P&A||0.00%||$(34,829)||N/A||N/A||N/A||N/A||N/A||N/A||No||Yes||N/A|
|Other Bid: None|
- 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.
- For more information on the bid disclosure policy, see www.fdic.gov/about/freedom/biddocs.html.