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Equity Interests of Bank Holding Company
Listing Information
Attachments
Equity Interests of Bank Holding Company
Price: Not Specified
Other Item Info
Item #: cobke_466169
Created: 11/16/2017
Category: Business Property > Investments > Stocks
Sale Date: None Set
Created: 11/16/2017
Category: Business Property > Investments > Stocks
Sale Date: None Set
Seller Info
Steven T Mulligan
Debtor's Attorney
Ste. 2150
Denver, CO 80202
Debtor's Attorney
Ste. 2150
Denver, CO 80202
Bankruptcy Info
Case #: 1:17-bk-20315
Case Title: Colorado National Bancorp
Court: Colorado Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Colorado National Bancorp
Court: Colorado Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of 100% of the capital stock (the “Equity Interests”) of the Colorado National Bancorp. The Colorado National Bancorp, a Delaware corporation, is a holding company for its nondebtor subsidiary Colorado National Bank (“Bank”), a national banking association which provides banking products and services to businesses and consumers in Colorado and surrounding states. Shares and Other Purchased Assets, are more described as below:
- All of the company shares is the record and beneficial owner of 10,000 shares of the 10,000 aggregate issued and outstanding shares of capital stock of Colorado National Bank, a national banking association (the “Bank”); and
- (i) All of the Contracts of the Company and its Subsidiaries (other than the Bank and its Subsidiaries) that relate to the Business (collectively, the “Bank Related Contracts”) that the Purchasers have identified in accordance with Section 5.5 as Assumed Bank Related Contracts, (ii) all right, title and interest of the Company to any proceeds received or to be received after November 8, 2017 related to any Assumed Bank Related Contract, including any such proceeds from any insurance claims to the extent (but, in the case of insurance claims, only to the extent) related to the Bank or its Subsidiaries or the Business, and (iii) all right, title and interest of the Company to the assets set forth on Section 2.1 of the Disclosure Schedule (the assets identified in clauses (i), (ii), and (iii) collectively, the “Other Purchased Assets”).
Financial Overview
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months
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Asset and Liability Summary ($)
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Additional Details
- Purchase Price: The amount payable to the Company for the Shares and the Other Purchased Assets will be the Closing Tangible Common Equity (Closing Tangible Common Equity - June 30, 2017, Amount - $5,065,468), (the “Purchase Price”).
- Minimum Overbid: The proposed purchase price to be paid for the Purchased Assets must be in an amount at least $100,000.000 more than the “Purchase Price” set forth in Article 2 of the Stalking Horse SPA, plus adopt or exceed the amount of the Equity Contribution, the amount of the Stalking-Horse Bidder Fee ($250,000.00) and the maximum amount of the Expense Reimbursement ($250,000.00).
- Bid Deposit: $600,000.00
- Bid Increment: $100,000
- Last date to respond: 3 days after the Auction