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Bank Failures

Bid Summary for Satilla Community Bank, Saint Marys, GA

Satilla Community Bank, St Mary's, GA
Closing Date: May 14, 2010

Failed Bank Information for Satilla Community Bank, Saint Marys, GA

BidderAsset Premium/ (Discount) %Deposit Premium/ (Discount) %First Loss Tranche %Type
Winning:
Ameris Bank, Moultrie, GA		-11.44%0.19%0%All deposit, whole bank with loss share
Cover (second place):
Atlantic National Bank, Brunswick, GA		-15.90%0.00%0%All deposit, whole bank with loss share
Other Bids:
None		    

Notes:

  • The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative and the other bids. The liquidation alternative was valued using valuation models to estimate the market value of the assets. The bid for loss share was valued using a discounted cash flow analysis for the loss share portfolio over the life of the loss share agreement.
  • For more information on the bid disclosure policy, see Failed Financial Institution Bid Disclosure Policy.


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Last Updated: April 25, 2022