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Bank Failures

Bid Summary for American National Bank, Parma, OH

American National Bank, Parma, OH,
Closing Date: March 19, 2010

Failed Bank Information for American National Bank, Parma, OH

BidderType of TransactionDeposit Premium %Asset Premium/(Discount) $(000)SF Loss Share Tranche 1SF Loss Share Tranche 2SF Loss Share Tranche 3Commercial Loss Share Tranche 1Commercial Loss Share Tranche 2Commercial Loss Share Tranche 3Value Appreciation InstrumentConforming BidLinked
Winning bid and bidder: The National Bank and Trust Company, Wilmington, OHAll deposit whole bank with loss share0.00%$(10,000)80%95%NA80%95%NANoNo (1)N/A
Other Bids: None            

Notes:

  • (1) Bid excluded assets and liabilities related to failing bank's mortgage servicing portfolio.
  • 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 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. 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 Failed Financial Institution Bid Disclosure Policy.

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Last Updated: April 19, 2022