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Bank Failures

Bid Summary

Satilla Community Bank, St Mary's, GA
Closing Date: May 14, 2010

Bidder Asset Premium/ (Discount) % Deposit Premium/ (Discount) % First Loss Tranche % Type
Winning:
Ameris Bank, Moultrie, GA		 -11.44% 0.19% 0% All deposit, whole bank with loss share
Cover (second place):
Atlantic National Bank, Brunswick, GA		 -15.90% 0.00% 0% All deposit, whole bank with loss share
Other Bids:
None		        

Notes:

  • The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative and the other bids. 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.
  • 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: April 25, 2022