trending Market Intelligence /marketintelligence/en/news-insights/trending/r08AIKH7-vUoQdK6ZQsaZA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Failed Georgia-based Woodbury Banking attracted 9 bids

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing

Blog

Banking Essentials Newsletter: May Edition, Part-2


Failed Georgia-based Woodbury Banking attracted 9 bids

Woodbury,Ga.-based Woodbury BankingCo. received nine bids, according to a bid summary last updated bythe FDIC on Oct. 6.

WoodburyBanking was shutteredby regulators Aug. 19.

Zebulon,Ga.-based United Banksubmitted the winning all-deposit, whole-bank bid with an asset discount of$974,000 and no deposit premium.

Details ofthe cover bid were omitted from the disclosure. There were several other bidsfor Woodbury Banking involving asset discounts ranging from about $974,000 to$5.2 million.

The FDIClisted the following as other bidders: LaGrange, Ga.-based ; Pine Mountain, Ga.-basedFirst Peoples Bank;and Anniston, Ala.-based SouthernStates Bank.