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Bank Failures

Bid Summary for Imperial Savings and Loan Association, Martinsville, VA

Imperial Savings and Loan Association, Martinsville, VA
Closing Date: August 20, 2010

Failed Bank Information for Imperial Savings and Loan Association, Martinsville, VA

BidderType of TransactionDeposit Premium %Asset Premium/(Discount) $(000)SF Loss Share Tranche 1SF Loss Share Tranche 2SF Loss Share Tranche 3Commercial Loss Share Tranche 1Commercial Loss Share Tranche 2Commercial Loss Share Tranche 3Value Appreciation InstrumentConforming BidLinked
Winning bid and bidder:
River Community Bank, N.A. Martinsville, VA
All deposit whole bank0.00%$(3,000)N/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. If any bids were received that would have been more costly than liquidation they have been excluded from this summary.
  • For more information on the bid disclosure policy, see Failed Financial Institution Bid Disclosure Policy.

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Last Updated: December 16, 2021