Fayette County Bank, Saint Elmo, IL
Closing Date: May 26, 2017
Failed Bank Information for Fayette County Bank, Saint Elmo, IL
| Bidder | Type of Transaction | Deposit Premium % | Asset Premium/ (Discount) $(000) | Optional Loan Pool 100 (SFR Performing) (% of BV) | Optional Loan Pool 200 (CRE & ADC Performing) (% of BV) | Optional Loan Pool 300 (Ag Performing) (% of BV) | Optional Loan Pool 400 (C&I/Govt Guar Performing) (% of BV) | Optional Loan Pool 500 (Consumer Performing) (% of BV) | Optional Loan Pool 600 (Non-performing Loans & OREO) (% of BV) | Conforming Bid |
|---|---|---|---|---|---|---|---|---|---|---|
| Winning Bid and Bidder: United Fidelity Bank, fsb, Evansville, IN | All deposit Basic P&A with Optional Loans Pools | 0.00% | N/A | 72.64% | 72.64% | 72.64% | 72.64% | 72.64% | No Bid | Yes |
| Cover Bid: None | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Bids: | ||||||||||
| United Fidelity Bank, fsb, Evansville, IN | All deposit Basic P&A with Optional Loans Pools | 0.00% | N/A | 76.22% | No Bid | 76.22% | No Bid | No Bid | No Bid | Yes |
Other Bidder Names & Locations:
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.
- The cover (second best) bid is the bid that: a. Is less costly then 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 and cover bids.
- There may be 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.