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Bank Failures

Bid Summary for AmericanFirst Bank, Clermont, FL

AmericanFirst Bank, Clermont, FL
Closing Date: April 16, 2010

Failed Bank Information for AmericanFirst Bank, Clermont, FL

BidderType of TransactionDeposit Premium %Asset Premium/(Discount) %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:
TD Bank, N.A. Wilmington, DE
All deposit whole bank with loss share0.00%0.00%50%80%N/A50%80%N/ANoNoYes
Cover (second place)
TD Bank, N.A. Wilmington, DE
All deposit whole bank with loss share0.00%-5.90%80%80%N/A80%80%N/ANoYesYes
Other BidAll deposit whole bank with loss share0.00%5.90%80%80%N/A80%80%N/ANoYesYes
Other BidAll deposit whole bank with loss share0.00%0.00%50%80%N/A50%80%N/ANoNoYes
Other BidAll deposit whole bank with loss share1.00%-6.98%80%80%N/A80%80%N/ANoYesYes
Other BidAll deposit whole bank with loss share1.00%-6.98%80%80%N/A80%80%N/ANoYesYes
Other BidAll deposit whole bank with loss share1.00%-6.98%80%80%N/A80%80%N/ANoYesYes
Other BidAll deposit whole bank with loss share1.00%-6.98%80%80%N/A80%80%N/ANoYesYes
Other BidAll deposit whole bank with loss share1.00%-9.26%80%80%N/A80%80%N/ANoYesNo
Other BidAll deposit whole bank with loss share0.00%-10.40%80%80%N/A80%80%N/ANoYesYes
Other BidAll deposit whole bank with loss share0.00%-10.40%80%80%N/A80%80%N/ANoYesYes
Other BidAll deposit whole bank with loss share1.00%-11.80%80%80%N/A80%80%N/ANoYesNo

Other Bidder Names:

Centennial Bank, Conway, AR
CenterState Bank, Winter Haven, FL
TD Bank, N.A., Wilmington, DE
 

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 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 cover bid.
  • There are 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: April 19, 2022