Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
Bank Failures

Bid Summary

Neighborhood Community Bank, Newnan, GA
Closing Date: June 26, 2009

Winning Bidder:

CharterBank, West Point, GA

Winning Bid:

All deposits, whole bank with loss share - Asset Discount of $26.9 million, Deposit Premium 0%.

Other Bidder Names & Locations:

None

Notes

  • The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative and the other bid. The liquidation alternative was valued using valuation models to estimate the market value of the assets. The bid for loss share was valued using a discounted cash flow analysis for the loss share portfolio over the life of the loss share agreement.
  • Although two bids were received for this institution, the second bid would have been more costly than liquidation. It has therefore 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

Back to top

Last Updated: November 20, 2020