18 Closing Process when Bidding under the Whole Bank with Loss Share At Closing, FDIC Pro Forma – Prepares balance sheet of acquired assets and assumed liabilities at book value after reversal of loan reserves with selected investments valued at fair market value Net of same is Equity Adjustment (EA) Then nets EA with asset premium/discount bid and deposit premium bid If result is positive, Assuming Bank will wire the FDIC that amount on first business day following bank closing If result is negative, FDIC wires the Assuming Bank amount on first business day following bank closing
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