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Federal Deposit
Insurance Corporation

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

Bid Summary

Southern Community Bank, Fayetteville, GA
Closing Date: June 19, 2009


Winning Bidder: United Community Bank, Blairsville, GA

Winning Bid: All deposits, whole bank with loss share - Asset Discount of $44.4 million, Deposit Premium 1.0%


Cover (second place) Bidder: CharterBank, West Point, GA.

Cover Bid: All deposits, whole bank with loss share – Asset Discount of $54,850 million, Deposit Premium 0.0%.


Other Bidder Names:

United Central Bank, Garland, TX

Charter Bank, West Point, GA


Other Bids:

All deposits, purchase and assumption plus pool bids – Deposit discount 2.0%

All deposits, purchase and assumption plus pool bids – Deposit premium 0.5%


Notes:

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