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Federal Deposit
Insurance Corporation

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

Bid Summary

New Horizons Bank, East Ellijay, GA
Closing Date: April 15, 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: Citizens South Bank, Gastonia, NC All deposit whole bank with loss share 1.00% $(12,785) 80% 80% N/A 80% 80% N/A No Yes No
Cover: First American Bank and Trust Company, Athens, GA All deposit whole bank with loss share 0.00% $(16,439) 80% 80% N/A 80% 80% N/A No Yes No
Other bids: None                        

Notes:


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