Riverside Bank of the Gulf Coast, Cape Coral, FL
Closing Date: February 13, 2009
Winning Bidder:
TIB Bank, Naples, FL
Winning Bid:
All deposits P&A, Deposit Premium 1.3%
No other bids were received
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.
- For more information on the bid disclosure policy, see https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/biddocs.html