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Federal Deposit
Insurance Corporation

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

Bid Summary

R-G Premier Bank of Puerto Rico, Hato Rey, PR
Closing Date: April 30, 2010

Winning Bidder:

Scotiabank de Puerto Rico, Hato Rey, Puerto Rico

Winning Bid:

All deposits, whole bank with loss share - Asset Discount of 7.89%; Deposit Premium of 1.35%; First Loss Tranche 0%; Financing Note.

Cover (second place) Bidder:

Banco Popular, San Juan, Puerto Rico

Cover Bid:

All deposits, whole bank with loss share - Asset Discount of 9.65%; Deposit Premium 0%; First Loss Tranche 0%.

Other Bidder Names & Locations:

Banco Popular, San Juan, PR
BBVA Puerto Rico, San Juan, PR
Doral Bank, San Juan, PR

Other Bids:

All deposits, modified whole bank with loss share - Asset Discount of 8.60%; Deposit Premium of 1.0%, First Loss Tranche 0%; Financing Note; Equity Appreciation Instrument.

All deposits, whole bank with loss share - Asset Discount of 8.76%; Deposit Premium of 0%, First Loss Tranche 0%.

All deposits, whole bank with loss share - Asset Discount of 11.17%; Deposit Premium of 1.66%, First Loss Tranche 0%; Financing Note.

All deposits, modified whole bank with loss share - Asset Discount of 11.60%; Deposit Premium of 1.0%, First Loss Tranche 0%; Financing Note; Equity Appreciation Instrument.

All deposits, whole bank with loss share - Asset Discount of 12.90%; Deposit Premium of 1.00%, First Loss Tranche 0%; Financing Note; Equity Appreciation Instrument.

All deposits, whole bank with loss share - Asset Discount of 15.30%; Deposit Premium of 1.0%, First Loss Tranche 0%; Financing Note; Equity Appreciation Instrument.

All deposits, modified whole bank with loss share - Asset Discount of 20.60%; Deposit Premium of 0%, First Loss Tranche 0%; Financing Note.

Notes:


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