NBRS Financial, Rising Sun, MD
Closing Date: October 17, 2014
Failed Bank Information for NBRS Financial, Rising Sun, MD
| Bidder | Type of Transaction | Deposit Premium % | Asset Premium/(Discount) $(000) | Optional Loan Pool 300 (Residential RE) (% of BV) | Optional Loan Pool 400 (ADC) (% of BV) | Optional Loan Pool 500 (CRE) (% of BV) | Optional Loan Pool 600 (Agricultural) (% of BV) | Optional Loan Pool 700 (C&I) (% of BV) | Optional OREO Pool (% of BV) | Conforming Bid |
|---|---|---|---|---|---|---|---|---|---|---|
| Winning bid and bidder: Howard Bank, Ellicott City, MD | All deposit basic P&A with optional loans pools | 1.19% | N/A | 78.38% | 43.80% | 70.67% | 76.62% | 65.58% | No Bid | Yes |
| Cover Bid: None | ||||||||||
| Other Bid | All Deposit Whole Bank P&A | 1.19% | $46,178 | N/A | N/A | N/A | N/A | N/A | No Bid | Yes |
| Other Bid | All Deposit Whole Bank P&A | 0.00% | $43,696 | N/A | N/A | N/A | N/A | N/A | No Bid | No - 1 |
Conforming Bid Note:
1- Contingent upon acquiring and operating the home branch office/operating center at 6 Pearl Street Rising Sun, Maryland and requests receiver maintain sole responsibility for the other four branches (or will consent to the closure of those branches on the closing date).
Other Bidder Names:
Howard Bank, Ellicott City, MD
Republic Bank & Trust Co., Louisville, KY
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.
- For more information on the bid disclosure policy, see Failed Financial Institution Bid Disclosure Policy.