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Federal Deposit
Insurance Corporation

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

Bid Summary

Westernbank Puerto Rico, Mayaguez, PR
Closing Date: April 30, 2010

Winning Bidder:

Banco Popular de Puerto Rico

Winning Bid:

All deposits, whole bank with loss share - Asset Discount of 12.0%; Deposit Premium 0%, First Loss Tranche 0%, Equity Appreciation Instrument, Financing Note

Cover (second place) Bidder:

Scotiabank de Puerto Rico, Hato Rey, Puerto Rico

Cover Bid:

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

Other Bidder Names and Locations:

Doral Bank, San Juan, Puerto Rico

Other Bids:

All deposits, modified whole bank with loss share - Asset Discount of 11.3%; Deposit Premium of 1%, First Loss Tranche 0%, Equity Appreciation Instrument, Financing Note.

All deposits, whole bank with loss share - Asset Discount of 11.80%; Deposit Premium of 0%, First Loss Tranche 0%, Equity Appreciation Instrument, Financing Note.

All deposits, modified whole bank with loss share - Asset Discount of 12.4%; Deposit Premium of 1%, First Loss Tranche 0%, Equity Appreciation Instrument, Financing Note.

All deposits, whole bank with loss share - Asset Discount of 15.4%; Deposit Premium of 1%, First Loss Tranche 0%, Equity Appreciation Instrument, Financing Note.

All deposits, whole bank with loss share - Asset Discount of 16.3%; Deposit Premium of 0%, First Loss Tranche 0%.

All deposits, whole bank with loss share - Asset Discount of 16.08%; Deposit Premium of 0%, First Loss Tranche 0%.

All deposits, whole bank with loss share - Asset Discount of 17.9%; Deposit Premium of 1%, First Loss Tranche 0%, Equity Appreciation Instrument, Financing Note.

Notes:


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