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Bid Summary

Satilla Community Bank
St Mary's, GA
Closing Date: May 14, 2010

Bidder Asset Discount Deposit Premium First Loss Tranche Type
Winning -
Ameris Bank, Moultrie, GA



All deposit, whole bank with loss share

Cover (second place)- Atlantic National Bank, Brunswick, GA 15.90% 0.00% 0% All deposit, whole bank with loss share
Other Bids: None        


-The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative and the other bids. The liquidation alternative was valued using valuation models to estimate the market value of the assets. The bid for loss share was 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 http://www.fdic.gov/about/freedom/biddocs.html.

Last Updated 08/09/2011 cservicefdicdal@fdic.gov