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



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Bid Summary

Frontier Bank
LaGrange, GA
Closing Date: March 8, 2013



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:
Heritage Bank of the South, Albany, GA
All deposit Whole Bank P&A 0.00% $(34,829) N/A N/A N/A N/A N/A N/A No Yes N/A
Other Bid: none                        


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.

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





Last Updated 03/26/2013 cservicefdicdal@fdic.gov