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Bank Failures

Bid Summary for Haven Trust Bank Florida, Ponte Vedra Beach, FL

Haven Trust Bank of Florida, Ponte Vedra Beach, FL
Closing Date: September 24, 2010

Failed Bank Information for Haven Trust Bank Florida, Ponte Vedra Beach, FL

BidderType of TransactionDeposit Premium %Asset Premium/(Discount) $(000)SF Loss Share Tranche 1SF Loss Share Tranche 2SF Loss Share Tranche 3Commercial Loss Share Tranche 1Commercial Loss Share Tranche 2Commercial Loss Share Tranche 3Value Appreciation InstrumentConforming BidLinked
Winning Bid and Bidder: First Southern Bank, Boca Raton, FLAll deposit whole bank with loss share0.00%$(15,874)70%0%70%70%0%70%NoYesN/A
Cover (second place):
First Southern Bank, Boca Raton, FL
All deposit whole bank with loss share0.00%$(12,873)80%0%80%80%0%80%NoYesN/A
Other Bid:All deposit modified whole bank with loss share0.00%$(8,590)80%0%80%80%0%80%NoYesN/A
Other Bid:All deposit modified whole bank with loss share0.00%$(9,664)70%0%70%70%0%70%NoYesN/A

Other Bidder Names, City & State:

Omitted from this disclosure because there was only one Other Bidder.

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.
  • 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: December 16, 2021