Each depositor insured to at least $250,000 per insured bank

Bid Summary
First National Bank
Rosedale, MS
Closing date: June 4, 2010

Winning Bidder: The Jefferson Bank, Fayette, MS

Winning Bid: All deposits, whole bank with loss share – Asset Discount of 12.99%; First Loss Tranche 0%; Deposit Premium of 0%.

No other bids were received

Note:

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. The bid for loss share was valued using a discounted cash flow analysis for the loss share portfolio over the life of the loss share agreement.