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Bank Failures

Bid Summary for First Suburban National Bank, Maywood, IL

First Suburban National Bank, Maywood, IL
Closing Date: October 22, 2010

Failed Bank Information for First Suburban National Bank, Maywood, IL

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: Seaway Bank & Trust Co., Chicago, IL
 
All deposit whole bank with loss share0.00%$ (14,250)80%80%N/A80%80%N/ANoYesN/A
Cover (second place): Seaway Bank & Trust Co., Chicago, ILAll deposit clean P&A0.25%N/AN/AN/AN/AN/AN/AN/ANoYesN/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. 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.
  • Only two bids were received for this institution.
  • For more information on the bid disclosure policy, see Failed Financial Institution Bid Disclosure Policy.

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Last Updated: December 20, 2021