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Bank Failures

Bid Summary for Almena State Bank, Almena, KS

Almena State Bank, Almena, KS
Closing Date: October 23, 2020

Failed Bank Information for Almena State Bank, Almena, KS

BidderType of TransactionDeposit Premium %Asset
Premium/
(Discount)
$(000)
Optional
Loan Pool (Performing SFR)
(% of BV)
Optional
Loan Pool
   (CRE)   
(% of BV)
Optional
Loan Pool
(Performing
Ag - No Part)
(% of BV)
Optional
Loan Pool
(Performing Ag - w Part)
(% of BV)
Optional
Loan Pool
(Performing C&I)
(% of BV)
Optional
Loan Pool
(Consumer)
(% of BV)
Optional Loan Pool
(Govt Guar Primarily Part)
(% of BV)
Optional
Loan Pool
(FSA/USDA
Ag Primarily Part)
(% of BV)
Optional Loan Pool
(Primarily
Non Perf SFR, C&I Ag)
(% of BV)
Optional OREO Pool
(% of BV)
Conforming
Bid
Winning Bid: Equity Bank 
Andover, Kansas
All deposit Whole Bank1.00%($19,447)N/AN/AN/AN/AN/AN/AN/AN/AN/A50.00%Yes
Cover Bid:
First State Bank, Farnam, Nebraska
Insured deposit Basic P&A with Optional Loan Pools2.49%N/A70%No Bid75%75%60%No BidNo Bid35%No BidNo BidYes
Other Bid:              
OtherAll deposit Whole Bank0.00%($25,150)N/AN/AN/AN/AN/AN/AN/AN/AN/A25.00%Yes
OtherAll deposit Whole Bank0.00%($25,150)N/AN/AN/AN/AN/AN/AN/AN/AN/ANo BidYes
OtherInsured deposit Basic P&A with Optional Loan Pools2.49%N/ANo BidNo Bid75.00%75.00%No BidNo BidNo Bid35.00%No BidNo BidYes
OtherInsured deposit Basic P&A with Optional Loan Pools2.49%N/A75.00%No Bid75.00%75.00%No Bid70.00%No BidNo BidNo BidNo BidYes
OtherInsured deposit Basic P&A with Optional Loan Pools2.49%N/A75.00%No Bid75.00%75.00%No Bid65.00%No Bid35.00%No BidNo BidYes
OtherInsured deposit Basic P&A with Optional Loan Pools2.49%N/A75.00%No Bid75.00%75.00%No BidNo BidNo BidNo BidNo BidNo BidYes
OtherInsured deposit Basic P&A with Optional Loan Pools2.75%N/A65.00%65.00%70.00%70.00%65.00%65.00%No Bid35.00%No BidNo BidYes
OtherInsured deposit Basic P&A with Optional Loan Pools4.00%N/A50.00%No BidNo BidNo BidNo BidNo BidNo BidNo BidNo BidNo BidNo - 1
OtherInsured deposit Basic P&A with Optional Loan Pools4.00%N/A50.00%No Bid20.20%No Bid10.70%No BidNo BidNo Bid5.00%No BidNo - 1,2
OtherInsured deposit Basic P&A with Optional Loan Pools5.00%N/ANo BidNo BidNo BidNo BidNo BidNo BidNo BidNo BidNo BidNo BidNo - 1
OtherInsured deposit Basic P&A with Optional Loan Pools6.00%N/ANo BidNo BidNo BidNo BidNo BidNo BidNo BidNo BidNo BidNo BidNo - 1

 

Conforming Bid Notes:

  1. Bid for Norton branch is $300,000 above offer price
  2. Excludes $5.6 million in loans

Other Bidder Names, City, ST:

First-Citizens Bank & Trust Company, Raleigh, NC
First State Bank, Farnam, NE 
Solutions North Bank, Stockton, KS

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.
  • The cover (second best) bid is the bid that: a. Is less costly then liquidation and b. Is the least costly bid after excluding all bids submitted by the winning bidder.
  • There is no linkage between bidder names and bids, except in the case of the winning and cover bids.
  • There may be more bids than bidders because one or more bidders submitted more than one bid.
  • For more information on the bid disclosure policy, see Failed Financial Institution Bid Disclosure Policy.

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Last Updated: October 25, 2021