MetroPacific Bank, Irvine, CA
Closing Date: June 26, 2009
Sunwest Bank, Tustin, CA
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.