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Federal Deposit
Insurance Corporation

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

Bid Summary

The Bank of Asheville
Asheville, NC
Closing Date: January 21, 2011

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:
First Bank, Troy, North Carolina
All deposit whole bank with loss share 0.00% $ (23,940) 80% 80% NA 80% 80% NA No Yes N/A
Cover - Asheville Savings Bank, Asheville, North Carolina All deposit whole bank with loss share 0.00% $(24,000) 80% 80% N/A 80% 80% N/A No Yes N/A
Other bid All deposit whole bank with loss share 0.00% $ (17,000) 80% 80% N/A 80% 80% N/A No No* N/A
Other bid All deposit whole bank with loss share 0.00% $ (27,153) 80% 80% N/A 80% 80% N/A No Yes N/A
Other bid All deposit whole bank with loss share 0.00% $ (28,850) N/A N/A N/A 80% 80% N/A No No** Yes**
Other bid All deposit whole bank with loss share 0.00% $ (29,950) 80% 80% N/A 80% 80% N/A No Yes N/A
Other bid All deposit whole bank with loss share 0.00% $ (35,000) 80% 80% N/A 80% 80% N/A No Yes N/A
Other bid All deposit whole bank with loss share 0.00% $ (39,950) N/A N/A N/A 80% 80% N/A No No** Yes**
Other bid All deposit whole bank with loss share 0.00% $ (41,950) N/A N/A N/A 80% 80% N/A No Yes N/A

* Bid was non-conforming because it excluded ORE and some loans.
** Bid was non-conforming because it was linked to another institution that was not offered on a linked basis.

Other Bidder Names:

Asheville Savings Bank, SSB, Asheville, North Carolina
Bank of North Carolina, Thomasville, North Carolina
Iberiabank, Lafayette, Louisiana
The Fidelity Bank, Fuquay-Varina, North Carolina

Notes:

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