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Federal Deposit
Insurance Corporation

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

Bid Summary

First State Bank, Cranford, NJ
Closing Date: October 14, 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: Northfield Bank, Staten Island, NY All deposit whole bank P&A 0.00% $(46,887) N/A N/A N/A N/A N/A N/A No No N/A
Cover: Union Center National Bank, Union, NJ All deposit whole bank with loss share 0.00% $(23,000) 80% 80% N/A 80% 80% N/A No Yes N/A
Other Bid All deposit whole bank with loss share 0.00% $(23,241) 80% 80% N/A 80% 80% N/A No No N/A
Other Bid All deposit whole bank with loss share 0.00% $(24,923) 80% 80% N/A 80% 80% N/A No Yes N/A

Other Bidder Names:

Omitted from this disclosure because there was only one Other Bidder

Notes:


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