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Bank Failures

Bid Summary for Bank of Wyoming, Thermopolis, WY

Bank of Wyoming, Thermopolis, WY
Closing Date: July 10, 2009

Failed Bank Information for Bank of Wyoming, Thermopolis, WY

Winning Bidder:

Central Bank & Trust, Lander, WY

Winning Bid:

All deposits P&A – Deposit Premium 0%.

Other Bids:

None.

Notes:

  • The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative and the other bids. The liquidation alternative was valued using valuation models to estimate the market value of the assets.
  • Although three bids were received for this institution, the second and third bids would have been more costly than liquidation. They have therefore 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: November 23, 2020