Highland Community Bank, Chicago, IL
Closing Date: January 23, 2015
Failed Bank Information for Highland Community Bank, Chicago, IL
| Bidder | Type of Transaction | Deposit Premium % | Asset Premium/ (Discount) $(000) | Optional Loan Pool (Performing Loan Pool) (% of BV) | Optional Loan Pool (Non-Performing Loan Pool) (% of BV) | Optional OREO Pool (% of BV) | Conforming Bid |
|---|---|---|---|---|---|---|---|
| Winning bid and bidder: United Fidelity Bank, fsb, Evansville, IN | Basic P&A | 0.00% | N/A | 73.21% | N/A | No Bid | Yes |
| Cover Bid: Standard Bank and Trust, Hickory Hills, IL | All deposit whole bank | 0.75% | $ (6,820) | N/A | N/A | No Bid | Yes |
| Other bid | All deposit basic P&A with optional loans pools | 0.00% | N/A | 70.20% | N/A | No Bid | Yes |
| Other bid | All deposit whole bank | 0.75% | $ (7,070) | N/A | N/A | No Bid | Yes |
| Other bid | All deposit whole bank | 0.75% | $ (7,270) | N/A | N/A | 0.01% | Yes |
| Other bid | All deposit whole bank | 0.00% | $ (8,790) | N/A | N/A | No Bid | Yes |
| Other bid | All deposit whole bank | 0.00% | $ (8,782) | N/A | N/A | No Bid | No - 1 |
| Other bid | All deposit whole bank | 0.00% | $ (9,835) | N/A | N/A | No Bid | No - 2 |
| Other bid | All deposit whole bank | 0.00% | $ (10,108) | N/A | N/A | No Bid | No - 3 |
| Other bid | All deposit whole bank | 0.00% | $ (10,584) | N/A | N/A | No Bid | No - 3 |
| Other bid | All deposit whole bank | 0.00% | $ (11,445) | N/A | N/A | No Bid | No - 4 |
| Other bid | All deposit whole bank | 0.00% | $ (11,696) | N/A | N/A | No Bid | Yes |
| Other bid | All deposit whole bank | 0.00% | $ (13,148) | N/A | N/A | No Bid | Yes |
Conforming Bid Notes:
1- Excludes loans totaling $3.0 million. 2- Excludes loans totaling $1.6 million. 3- Excludes loans totaling $1.4 million. 4- Excludes loans totaling $236,000.
Other Bidder Names & Locations:
Liberty Bank and Trust Company, New Orleans, LA
Providence Bank and Trust, South Holland, IL
Standard Bank and Trust, Hickory Hills, IL
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 and the cover 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.