The 多宝游戏下载 accepts sealed bids, as well as various bid types without any preference. Bids are evaluated and compared with each other and the 多宝游戏下载鈥檚 estimated cost of liquidation to determine the winning bid. As required by the 多宝游戏下载 Improvement Act of 1991, the winning bid must be the least costly to the Deposit Insurance Fund (DIF) and be less costly than the 多宝游戏下载鈥檚 cost to liquidate assets and pay insured depositors.
Multiple Bids
Bidders can submit multiple bids using any of the offered transaction types, including multiple bids for the same assets using different terms.
Winning Bid
The 多宝游戏下载 does not have a preference for bid types. By law, the winning bid must be the least costly to the DIF and be less costly than the 多宝游戏下载鈥檚 cost to liquidate assets and pay insured depositors. If the most competitive bid costs more than liquidation or if the 多宝游戏下载 receives no bids, the 多宝游戏下载 liquidates the assets and pays insured deposits.
Bid Summary Publication
Shortly after the chartering authority closes the institution, the 多宝游戏下载 publishes the Purchase and Assumption Agreement and the public bid summary on the 多宝游戏下载's Failed Bank List website.