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Federal Deposit
Insurance Corporation

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

Bid Summary

Bank of the Commonwealth
Norfolk, VA
Closing Date: September 23, 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:
Southern Bank and Trust, Mount Olive, NC
All Deposit Whole Bank with Loss Share 0.00% $(161,000) 80% 20% 80% 80% 20% 80% No Yes N/A
Cover Bid: none N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Other bid All deposit Whole Bank with Loss Share 0.00% $(230,840) 80%  20% 80%  80%  20% 80% No Yes N/A
Other bid All deposit Whole Bank with Loss Share 0.00% $(259,000) 80%  20% 80%  80%  20% 80% No Yes N/A

Other Bidder Names & Locations:

Bank of the Ozarks, Little Rock, AR
IberiaBank, Lafayette, LA

Notes:


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