Bank of Elmwood, Racine, WI
Closing Date: October 23, 2009
Failed Bank Information for Bank of Elmwood, Racine, WI
| Bidder | Type of Transaction | Deposit Premium % | Asset Premium/(Discount) $(000) | SF Loss Share Tranche 1 | SF Loss Share Tranche 2 | SF Loss Share Tranche 3 | Commercial Loss Share Tranche 1 | Commercial Loss Share Tranche 2 | Commercial Loss Share Tranche 3 | Value Appreciation Instrument | Conforming Bid | Linked |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Winning bid and bidder: Tri City National Bank, Oak Creek, WI | All deposit whole bank | 0.00% | $(110,900) | N/A | N/A | N/A | N/A | N/A | N/A | No | Yes | N/A |
| Other Bids:none |
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. 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.