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Bid Summary

Tennessee Commerce Bank
Franklin, TN
Closing Date: January 27, 2012



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:
Republic Bank & Trust Company, Louisville, KY
All deposit Modified whole bank P&A 0.00% $(56,970) N/A N/A N/A N/A N/A N/A No No N/A
Cover: None                        
Other bid All deposit Modified whole bank with loss share 0.00% $(139,990) 80% 80% N/A 80% 80% N/A No No N/A
Other bid All deposit Modified whole bank P&A 0.00% $(212,374) N/A N/A N/A N/A N/A N/A No No N/A
Other bid All deposit Modified whole bank P&A 0.00% $(718,680) N/A N/A N/A N/A N/A N/A No No N/A


Other Bidder Names:

- Republic Bank & Trust Company, Louisville, KY
- Simmons First National Bank, Pine Bluff, AR

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.

- The cover bid is the bid that: a. Is less costly than liquidation and b. Is the least costly bid after excluding all bids submitted by the winning bidder.

- There are more bids than bidders because one or more bidders submitted more than one bid.

- The Other Bidder Names and the Other Bids are in random order. There is no linkage between bidder names and bids, except in the case of the winning bid.

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




Last Updated 03/07/2012 cservicefdicdal@fdic.gov