BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset discount bid of One Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.
Appears in 3 contracts
Sources: Purchase and Assumption Agreement (NBH Holdings Corp.), Purchase and Assumption Agreement, Purchase and Assumption Agreement
BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% zero percent (0 %) and an Asset discount premium (discount) bid of One Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars four million eight hundred ten thousand dollars ($182,734,000.004,810,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.
Appears in 3 contracts
Sources: Purchase and Assumption Agreement (Ameris Bancorp), Purchase and Assumption Agreement, Purchase and Assumption Agreement
BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset discount bid of One Hundred Eighty Two Twenty Nine Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.0029,000,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.
Appears in 2 contracts
Sources: Purchase and Assumption Agreement (First Merchants Corp), Purchase and Assumption Agreement (First Merchants Corp)
BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of Zero Percent (0% %) and an Asset discount bid of One negative Fourteen Million Two Hundred Eighty Two Million Seven Hundred Thirty Four Fifty Thousand Dollars Dollar ($182,734,000.0014,250,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.
Appears in 2 contracts
Sources: Purchase and Assumption Agreement, Purchase and Assumption Agreement
BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% Zero percent (0.0%) and an Asset discount bid of One Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars fifty-eight million dollars ($182,734,000.0058,000,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.
Appears in 1 contract
Sources: Purchase and Assumption Agreement (First California Financial Group, Inc.)
BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 02.5% and an Acquired Asset discount bid of One Million Nine Hundred Eighty Two Million Seven Hundred Thirty Four Twenty Thousand Dollars ($182,734,000.001,920,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.
Appears in 1 contract
Sources: Purchase and Assumption Agreement
BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0positive Zero Point Two Five Percent 0.25% and an Asset discount bid of negative Seventy One Hundred Eighty Two Million Million, Seven Hundred Thirty Four and Twenty Two Thousand Dollars ($182,734,000.0071,722,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.
Appears in 1 contract
Sources: Purchase and Assumption Agreement (Talmer Bancorp, Inc.)
BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 01.732% and an Acquired Asset discount premium (discount) bid of One Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.003,803,970) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.
Appears in 1 contract
Sources: Purchase and Assumption Agreement
BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset discount bid of One Fifty Nine Million Nine Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.0059,900,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.
Appears in 1 contract
Sources: Purchase and Assumption Agreement (Great Southern Bancorp Inc)
BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 01.0% and an Acquired Asset discount bid of One Hundred Eighty Two a negative Five Million Seven Hundred Thirty Four Thousand Dollars (( $182,734,000.005,000,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.. ARTICLE
Appears in 1 contract
Sources: Purchase and Assumption Agreement (WashingtonFirst Bankshares, Inc.)
BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.0% and an Asset discount premium (discount) bid of One a negative Eight Million Nine Hundred Eighty and Ninety Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.008,992,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.
Appears in 1 contract
Sources: Purchase and Assumption Agreement (Fidelity Southern Corp)
BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 03.05% and an Acquired Asset discount bid of One Nineteen Million Eight Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.0019,800,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.
Appears in 1 contract
Sources: Purchase and Assumption Agreement (Fidelity Southern Corp)
BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of zero percent (0% %) and an Acquired Asset discount bid of One Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars negative one hundred forty seven million, five hundred thousand dollars ($182,734,000.00147,500,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.
Appears in 1 contract
Sources: Purchase and Assumption Agreement
BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Acquired Asset discount bid of One negative Seven Million Two Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.007,200,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.
Appears in 1 contract
Sources: Purchase and Assumption Agreement
BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of Zero Percent (0% %) and an Asset discount bid of One negative Thirty Million, Eight Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.0030,800,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.
Appears in 1 contract
Sources: Purchase and Assumption Agreement (SCBT Financial Corp)
BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and 1%, an Asset discount bid of One Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.00) 111,460,000.00, and a Value Appreciation Instrument (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services Deposits, and certain specified internal accounts as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.
Appears in 1 contract
Sources: Purchase and Assumption Agreement (Old National Bancorp /In/)
BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of zero percent [0% %] and an Asset discount (discount) bid of ($70,100,000) (Seventy Million One Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.00Dollars) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS® , and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.
Appears in 1 contract
Sources: Purchase and Assumption Agreement (Trico Bancshares /)
BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of zero percent [0% %] and an Asset discount (discount) bid of One Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.0030,000,000) (Thirty Million Dollars) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.
Appears in 1 contract
Sources: Purchase and Assumption Agreement (Columbia Banking System Inc)