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Federal Deposit
Insurance Corporation

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

Bid Summary

Cooperative Bank, Wilmington, NC
Closing Date: June 19, 2009

Winning Bidder:

First Bank, Troy, NC

Winning Bid:

All deposits, whole bank with loss share – Asset Discount of $123 million, Deposit Premium 0%.

Cover (second place) Bidder:

First Citizens Bank & Trust Company, Raleigh, NC

Cover Bid:

All deposits, whole bank with loss share – Asset discount of $140 million, Deposit Premium 0%

Other Bidder Names & Locations:

None.

Other Bids:

None.

Notes:


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