Tamalpais Bank, San Rafael, CA
Closing Date: April 16, 2010
All bids were All Deposit, Whole Bank with Loss Share:
| Bidder | Asset Premium/ (Discount) % | Deposit Premium/ (Discount) % | First Loss Tranche % |
|---|---|---|---|
| Winning:
Union Bank, N.A., San Francisco, CA |
-10.00% | 2.0% | 9.50% |
| Cover(second place):
Union Bank, N.A., San Francisco, CA |
-6.40% | 2.0% | 0% |
| Other Bid: | -2.10% | 0% | 0% |
| Other Bid: | -7.68% | 0.92% | 0% |
| Other Bid: | -10.00% | 2.00% | 0% |
| Other Bid: | -10.18% | 0.92% | 3.71% |
| Other Bid: | -10.52% | 1.67% | 6.01% |
| Other Bid: | -12.0% | 0% | 0% |
| Other Bid: | -12.33% | 1.67% | 8.01% |
Other Bidder Names & Locations:
City National Bank, Los Angeles, CA
Mechanics Bank, Richmond, CA
Umpqua Bank, Roseburg, OR
Union Bank, N.A., San Francisco, CA
Westamerica Bank, San Rafael, CA
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 bids for loss share were valued using a discounted cash flow analysis for the loss share portfolio over the life of the loss share agreement.
- The Other Bidder Names and the Other Bids are in random order. 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