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



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Bid Summary

New Liberty Bank
Plymouth, MI
Closing Date: May 14, 2010


Bidder Asset Discount Deposit Premium First Loss Tranche Type
Winning:
Bank of Ann Arbor, Ann Arbor, MI
10.4955%

0%

0%

All deposit whole bank with loss share

Cover (second place)-First Michigan Bank, Troy, MI 16.55%

0%

0%

All deposit whole bank with loss share

Other Bids: None        


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 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.

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




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