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Bid Summary

Metro Bank of Dade County
Miami, FL
Closing Date: July 16, 2010



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:
NAFH National Bank, Charlotte, NC
All deposit whole bank with loss share

0.00%

$(38,900)

80% 80% NA 80% 80% NA No Yes Yes
Cover (second place):First
Southern Bank, Boca Raton,
FL
All deposit whole bank with loss share 1.51% $(48,167) 80% 80% NA 80% 80% NA Yes Yes No
Other Bid All deposit whole bank with loss share 0.50% $(55,250) 80% 80% N/A 80% 80% N/A No Yes Yes
Other Bid All deposit whole bank with loss share 0.50% $(61,438) 80% 80% N/A 80% 80% N/A No Yes No

Other Bidder Names:

- Omitted from this disclosure because there was only one Other Bidder.


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. The bids for loss share 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.

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




Last Updated 08/12/2011 cservicefdicdal@fdic.gov