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Federal Deposit
Insurance Corporation

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

Bid Summary

McIntosh Commercial Bank, Carrollton, GA
Closing Date: March 26, 2010

Winning Bidder:

CharterBank, West Point, GA

Winning Bid:

All deposits, whole bank with loss share1 – Asset Discount of $53 million; Deposit Premium 0%

Cover (second place) Bid:

CharterBank, West Point, GA

Cover Bid:

All deposits, whole bank with loss share – Asset Discount $58 million; Deposit Premium 0%.

Other Bidder:

United Bank, Zebulon, GA

Other Bid:

All deposits, whole bank with loss share - Asset Discount $59.2 million; Deposit Premium 0.51%.

Notes:


Footnotes:

1 Section 2.1(g) - Payment in the Event Losses Fail to Reach Expected Level - omitted from the Single Family Shared Loss Agreement and the Commercial and Other Assets Shared Loss Agreement.