Hometown National Bank, Longview, WA
Closing Date: October 2, 2015
| Bidder | Type of Transaction | Deposit Premium % | Asset Premium/Discount $(000) | Optional Loan (% of BV) | Optional Loan (% of BV) | Optional Loan (% of BV) | Optional Loan (% of BV) | Optional Loan (% of BV) | Optional Loan (% of BV) | Optional Loan (% of BV) | Optional Loan (% of BV) | Optional Loan (% of BV) | Optional Loan (% of BV) | Optional Loan (% of BV) | Optional Loan (% of BV) | Optional Loan (% of BV) | Optional Loan (% of BV) | Optional Loan (% of BV) | Optional Loan (% of BV) | Optional Loan (% of BV) | Conforming Bid |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Winning bid and bidder: Twin City Bank, Longview, WA |
All deposit basic P&A with optional loans | 0.00% | N/A | 66.00% | 62% | 90.00% | 90.00% | 90% | 90.00% | 85.00% | 65.70% | 50% | 50.60% | 39.30% | 57% | 85.00% | 72.60% | 74% | 90.00% | 77.70% | Yes |
| Cover Bid: None |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other | All deposit basic P&A with optional loans | 0.00% | N/A | 37% | 37% | 37% | 37% | 37% | 37% | 37% | 37% | 37% | 37% | 37% | 37% | 37% | 37% | 37% | 37% | 37% | Yes |
| Other | All deposit basic P&A with optional loans | 0.00% | N/A | 59.20% | 59.20% | 59.20% | 59.20% | 59.20% | 59.20% | 59.20% | 59.20% | 59.20% | 59.20% | 59.20% | 59.20% | 59.20% | 59.20% | 59.20% | 59.20% | 59.20% | No - 1 |
| Other | All deposit basic P&A with optional loans | 0.00% | N/A | 50% | 50% | 30% | 5% | 30% | 20% | 2% | 10% | No Bid | No Bid | 2% | 2% | 20% | 30% | No Bid | 30% | No Bid | Yes |
Conforming Bid Notes:
1- Request to exit the market and the leased facility, within 120 days of closing.
Other Bidder Names & Locations:
First-Citizens Bank & Trust Company, Raleigh, NC
Riverview Community Bank, Vancouver, WA
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.
- 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.
- 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