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Bank Failures

Bid Summary

Columbia Savings Bank, Cincinnati, OH
Closing Date: May 23, 2014

Bidder Type of Transaction Deposit Premium % Asset Premium/ (Discount) $(000) (a) Optional Loan Pool (% of BV) (b) Optional Loan Pool (% of BV) (b) Optional Loan Pool (% of BV) (b) Optional Loan Pool (% of BV) (b) Optional Loan Pool (% of BV) (b) Optional Loan Pool (% of BV) (b) Optional OREO Pool (% of BV) (a)(b)(c) Conforming Bid
Winning Bid:
United Fidelity Bank, fsb, Evansville, IN		 All deposit whole bank 0.00 % $(4,032) N/A N/A N/A N/A N/A N/A No Bid Yes
Cover Bid:
Ohio Valley Bank, Henderson, KY		 All Deposit Whole Bank 0.00% $(6,900) N/A N/A N/A N/A N/A N/A No Bid Yes
Other Bid: All deposit Whole Bank 0.00% $(4,032) N/A N/A N/A N/A N/A N/A 68.60% Yes
Other Bid: All Deposit Basic P&A 0.52% N/A N/A N/A N/A N/A N/A N/A No Bid No - 1
Other Bid: All Deposit Whole Bank 0.00% $(7,825) N/A N/A N/A N/A N/A N/A 15.00% Yes
Other Bid: All Deposit Whole Bank 0.00% $(9,455) N/A N/A N/A N/A N/A N/A 25.00% Yes
Other Bid: All Deposit Whole Bank 0.00% $(9,455) N/A N/A N/A N/A N/A N/A No Bid Yes
Other Bid: All Deposit Whole Bank 0.00% $(10,749) N/A N/A N/A N/A N/A N/A 64.00% No - 2

Conforming Bid Notes:

1- Requests an all deposit basic P&A transaction excluding most assets, which was not offered to bidders.
2- Bidder's Board of Directors resolution did not match bid contents.

Other Bidder Names & Locations:

CenterBank, Milford, OH
Foundation Bank, Cincinnati, OH
The First Capital Bank of Kentucky, Louisville, KY
United Fideilty Bank, fsb, Evansville, IN

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 and the cover bid.
  • There are more bids than bidders because one or more bidders submitted more than one bid.
  • 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: August 3, 2021