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Bank Failures

Bid Summary for Appalachian Community Bank, Ellijay, GA

Appalachian Community Bank, Ellijay, GA
Closing Date: March 19, 2010

Failed Bank Information for Appalachian Community Bank, Ellijay, GA

BidderType of TransactionDeposit Premium %Asset Premium/(Discount) $(000)SF Loss Share Tranche 1SF Loss Share Tranche 2SF Loss Share Tranche 3Commercial Loss Share Tranche 1Commercial Loss Share Tranche 2Commercial Loss Share Tranche 3Value Appreciation InstrumentConforming BidLinked
Winning bid and bidder:
Community & Southern Bank, Carrollton, GA
All Deposit Whole Bank with Loss Share1.00%$(176,400)80%95%N/A80%95%N/ANoYesNo
Cover (second place):
Community & Southern Bank, Carrollton, Georgia
All Deposit Modified Whole Bank with Loss Share1.00%$(67,900)80%95%N/A80%95%N/ANoYesNo
Other Bid:All Deposit Modified Whole Bank with Loss Share0.25%$(60,100)80%95%N/A80%95%N/ANoYesYes

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. 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: December 22, 2021