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Bid Summary

Southwest Community Bank
Springfield, MO
Closing Date: May 14, 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:
Simmons First, Pine Bluff, AR 		All deposit whole bank with loss share

0.50%

-9.47%

 80% 80% N/A 80% 80% N/A No Yes N/A
Cover (second place) - Southern Bank, Poplar Bluff, MO All deposit whole bank with loss share 0.50% -10.18% 80% 80% N/A 80% 80% N/A No Yes N/A
Other Bid: Liberty Bank, Springfield, MO All deposit whole bank with loss share 0.00% -12.64% 80% 80% N/A 80% 80% N/A No Yes N/A


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.

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




Last Updated 08/09/2011 cservicefdicdal@fdic.gov