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Bank Failures

Bid Summary for All American Bank, Des Plaines, IL

All American Bank, Des Plaines, IL
Closing Date: October 28, 2011

Failed Bank Information for All American Bank, Des Plaines, IL

BidderType of TransactionDeposit Premium %Asset Premium/(Discount) $(000)SF Loss Share Tranche 1SF Loss Share Tranche 2SF Loss Share Tranche 3Commercial Loss Share Tranche 1Commercial Loss Share Tranche 2Commercial Loss Share Tranche 3Value Appreciation InstrumentConforming BidLinked
Winning Bid and Bidder:
International Bank of Chicago, Chicago, IL
All deposit whole bank without loss share0.00%$(9,720)N/AN/AN/AN/AN/AN/ANoNoN/A
Cover -American First National Bank, Houston, TXAll deposit whole bank without loss share0.00%$(12,950)N/AN/AN/AN/AN/AN/ANoYesN/A
Other Bid:All deposit whole bank with loss share0.00%$(5,594)80%80%N/A80%80%N/ANoYesN/A
Other Bid:All deposit whole bank without loss share0.00%$(10,000)N/AN/AN/AN/AN/AN/ANoNoN/A
Other Bid:All deposit whole bank without loss share0.00%$(13,500)N/AN/AN/AN/AN/AN/ANoYesN/A

Other Bidder Names & Locations:

American First National Bank, Houston, TX
International Bank, Chicago, IL
Village Bank & Trust, Arlington Heights, IL

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.
  • The cover bid is the bid that: a. Is less costly than liquidation and b. Is the least costly bid after excluding all bids submitted by the winning bidder.
  • The Other Bidder Names and the Other Bids are in random order. There is no linkage between bidder names and bids, except in the case of the winning bid and the cover bid.
  • For more information on the bid disclosure policy, see Failed Financial Institution Bid Disclosure Policy.

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Last Updated: April 19, 2022