First Chicago Bank & Trust, Chicago, IL
Closing Date: July 08, 2011
| Bidder | Type of Transaction | Deposit Premium % | Asset Premium/(Discount) $(000) | SF Loss Share Tranche 1 | SF Loss Share Tranche 2 | SF Loss Share Tranche 3 | Commercial Loss Share Tranche 1 | Commercial Loss Share Tranche 2 | Commercial Loss Share Tranche 3 | Value Appreciation Instrument | Conforming Bid | Linked |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Winning bid and bidder: Northbrook Bank & Trust Company, Northbrook, IL |
All deposit whole bank with loss share | 0.50% | $(104,100) | 80% | 80% | 80% | 80% | 80% | 80% | Yes | No | N/A |
| Cover: - none |
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| Other Bid: | All deposit whole bank with loss share | 0.50% | $ (155,500) | 80% | 30% | 80% | 80% | 30% | 80% | Yes | Yes | N/A |
Other Bidder Names:
Omitted from this disclosure
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.
- Because there was only one other bidder, the Other Bidder Name is omitted from this disclosure.
- For more information on the bid disclosure policy, see https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/biddocs.html