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Bank Failures

Bid Summary

Evergreen Bank, Seattle, WA
Closing Date: January 22, 2010

Bidder Type of Transaction Deposit Premium % 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:
Umpqua Bank, Roseburg, OR		 All deposit whole
bank with loss share		 1.00% $ (30,500) 80% 95% N/A 80% 95% N/A Yes Yes No
Cover (second place): Umpqua Bank, Roseburg,
OR		 All deposit whole
bank with loss share		 1.00% $ (32,500) 80% 95% N/A 80% 95% N/A Yes Yes Yes
Other Bids: none                        

Notes:

  • 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. If any bids were received that would have been more costly than liquidation they have been excluded from this summary.
  • For more information on the bid disclosure policy, see https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/biddocs.html

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Last Updated: December 22, 2021