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Bank Failures

Bid Summary for Capitol City Bank & Trust Company, Atlanta, GA

Capitol City Bank & Trust Company, Atlanta, GA
Closing Date: February 13, 2015

Failed Bank Information for Capitol City Bank & Trust Company, Atlanta, GA

BidderType of TransactionDeposit Premium %Asset Premium/ (Discount) $(000)Optional Loan Pool 10 -Deposit Secured Loans (% of BV)Optional Loan Pool 20 -Consumer Loans (% of BV)Optional Loan Pool 100 -Perf SFR Loans (% of BV)Optional Loan Pool 200-CRE-Multi (% of BV)Optional Loan Pool 300-CRE-Office (% of BV)Optional Loan Pool 400-CRE-Retail (% of BV)Optional Loan Pool 500-CRE-Church Loans (% of BV)Optional Loan Pool 600-CRE-Other (% of BV)Optional Loan Pool 700-NonPerf CRE (% of BV)Optional Loan Pool 800-All Remaining (% of BV)Optional SFR OREO Pool (% of BV)Optional Non-SFR OREO Pool (% of BV)Conforming Bid
Winning bid and bidder:
First-Citizens Bank & Trust Co., Raleigh, NC
All Deposit Whole Bank0.00%$(80,400)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A33%33%Yes
Cover Bid:
None
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Other Bid:All Deposit Basic P&A with Optional Loan Pools0.11%N/A24.88%24.88%24.88%N/A24.88%N/A24.88%N/AN/AN/ANo BidNo BidYes
Other Bid:All Deposit Basic P&A with Optional Loan Pools0.11%N/A37.18%37.18%37.18%N/A37.18%N/A37.18%37.18%N/AN/ANo BidNo BidNo - 1
Other Bid:All Deposit Basic P&A with Optional Loan Pools0.11%N/A41.87%41.87%41.87%N/A41.87%41.87%N/A41.87%N/A41.87%No BidNo BidYes
Other Bid:All Deposit Basic P&A with Optional Loan Pools0.11%N/A42.25%42.25%42.25%N/A42.25%42.25%42.25%42.25%N/A42.25%No BidNo BidYes
Other Bid:Insured Only Whole Bank0.11%$(35,293)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/ANo BidNo BidNo - 2
Other Bid:Insured Only Whole Bank0.11%$(40,298)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/ANo BidNo BidNo - 3
Other Bid:All Deposit Whole Bank0.11%$(116,540)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/ANo BidNo BidYes
Other Bid:All Deposit Whole Bank0.00%$(80,400)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A33%33%Yes

Conforming Bid Notes:

1- Excludes $49.6 million in loans.
2- Excludes $122.3 million in loans.
3- Excludes $112.2 million in loans.
 

Other Bidder Names & Locations:

Citizens Trust Bank, Atlanta, GA
First-Citizens Bank & Trust Co., Raleigh, NC

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 cover bid is the bid that: a. Is less costly than liquidation and b. Is the least costly bid after excluding all bids submitted by the winning bidder.
  • There is no linkage between bidder names and bids, except in the case of the winning 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: August 3, 2021