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Bid Summary

MetroPacific Bank
Irvine, CA
Closing Date: June 26, 2009

Winning Bidder: Sunwest Bank, Tustin, CA

Winning Bid: All deposits, whole bank – Asset Discount of $34 million, Deposit Premium 0%


- There was only one conforming bid for this institution. 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.

Last Updated 03/23/2010 cservicefdicdal@fdic.gov