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Bid Summary

Citizens National Bank
Teague, TX
Closing Date: October 30, 2009



Bidder Type of Transaction Deposit Premium/(Discount) % Asset Premium/(Discount) $(000) SF Loss Share Tranche 1 SF Loss Share Tranche 2 SF Loss Share Tranche 3 Commercial Loss Share Tranche 1 Commercial Loss Share Tranche 2 Commercial Loss Share Tranche 3 Value Appreciation Instrument Conforming Bid Linked
Winning bid and bidder:
U.S. Bank, N.A., Minneapolis, Minnesota
All deposit whole bank with loss share 0.00% $(15,000) 80% 95% N/A 80% 95% N/A No Yes Yes
Cover (second place): Citizens National Bank. Henderson, Texas All deposit whole bank with loss share 1.10% $(7,255) 80% 95% N/A 80% 95% N/A No Yes No
Other Bid All deposit whole bank with loss share 0.00% $(4,700) 80% 95% N/A 80% 95% N/A No No (1) Yes
Other Bid All deposit whole bank with loss share 2.00% $(12,510) 80% 95% N/A 80% 95% N/A No Yes No
Other Bid All deposit whole bank with loss share 0.00% $(15,150) 80% 95% N/A 80% 95% N/A No Yes No
Other Bid All deposit whole bank with loss share 0.00% $(15,777) 80% 95% N/A 80% 95% N/A No No (1) No
Other Bid All deposit whole bank with loss share 1.00% $(15,905) 80% 95% N/A 80% 95% N/A No No (2) Yes
Other Bid All deposit whole bank with loss share 0.00% $(19,500) 80% 95% N/A 80% 95% N/A No Yes No


(1) Non-conforming due to exclusion of participation loans and other contingencies
(2) Non-conforming due to asset discount being combined for two banks instead of individual asset discounts for each bank.

Other Bidder Names:

Fidelity Bank, Plano, Texas
First National Bank of Hughes Springs, Hughes Springs, Texas
MidSouth Bank, N.A., Lafayette, Louisiana
Prosperity Bank, Sugarland, Texas
Woodforest National Bank, Houston, Texas

Notes:

- The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative. The liquidation alternative was valued using valuation models to estimate the market value of the assets. Bids for loss share, if any, were valued using a discounted cash flow analysis for the loss share portfolio over the life of the loss share agreement. If any bids were received that would have been more costly than liquidation they have been excluded from this summary.

- There are more bids than bidders because one or more bidders submitted more than one bid.

- The Other Bidder Names and the Other Bids are in random order. There is no linkage between bidder names and bids, except in the case of the winning bid and the cover bid.

- For more information on the bid disclosure policy, see http://www.fdic.gov/about/freedom/biddocs.html.



Last Updated 07/15/2011
cservicefdicdal@fdic.gov