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Federal Deposit
Insurance Corporation

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

Bid Summary

Bank of Hiawassee
Hiawassee, GA
Closing Date: March 19, 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:
Citizens South Bank, Gastonia, NC
All deposit whole bank with loss share 1.00% $(33,088) 80% 95% N/A 80% 95% N/A No Yes No
Cover (second place):
Community and Southern Bank
Carrolltown, GA
All deposit whole bank with loss share 0.25% $(46,300) 80% 95% N/A 80% 95% N/A No Yes Yes
Other Bid All deposit whole bank with loss share 0.00% $(30,521) 80% 95% N/A 80% 95% N/A No Yes No

Other Bidder Names & Locations:

Citizens South Bank, Gastonia, NC

Notes:


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