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Bid Summary

Mirae Bank
Los Angeles, CA
Closing Date: June 26, 2009



Winning Bidder: Wilshire State Bank, Los Angeles, CA

Winning Bid: All deposits whole bank with loss share Asset Discount $35,990,000, Deposit Premium 1.1%.

Cover (second place) Bidder: Commonwealth Business Bank, Los Angeles, CA

Cover Bid: All deposits, whole bank with loss share – Asset Discount of $40 million,
Deposit Premium 1.0%.

Other Bidder: Wilshire State Bank, Los Angeles, CA
Other Bid: All deposits, whole bank with loss share – Asset Discount of $40 million,
Deposit Premium 1.0%.

Notes:

- The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative and the other bids. 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.

- Non-conforming bids, if any, are excluded from this summary.

- 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