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Bank Failures

Bid Summary

First National Bank, Savannah, GA
Closing Date: June 25, 2010

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:
The Savannah Bank, NA Savannah, GA 		All deposit Clean P&A 0.11% N/A N/A N/A N/A N/A N/A N/A No Yes N/A
Other bids: None                        

Notes:

  • The winning bidder's acquisition of all 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 https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/biddocs.html


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Last Updated: December 20, 2021