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Bank Failures

Bid Summary for American Eagle Savings Bank, Boothwyn, PA

American Eagle Savings Bank, Boothwyn, PA
Closing Date: January 20, 2012

Failed Bank Information for American Eagle Savings Bank, Boothwyn, PA

BidderType of TransactionDeposit Premium %Asset Premium/(Discount) $(000)SF Loss Share Tranche 1SF Loss Share Tranche 2SF Loss Share Tranche 3Commercial Loss Share Tranche 1Commercial Loss Share Tranche 2Commercial Loss Share Tranche 3Value Appreciation InstrumentConforming BidLinked
Winning bid and bidder:
Capital Bank, National Association, Rockville, MD
All deposit Whole Bank0.00%$(2,500)N/AN/AN/AN/AN/AN/ANoYesN/A
Cover Bid: none            
Other BidAll deposit Whole Bank0.00%$(3,500)N/AN/AN/AN/AN/AN/ANoYesN/A

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.
  • For more information on the bid disclosure policy, see Failed Financial Institution Bid Disclosure Policy.

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Last Updated: April 19, 2022