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Federal Deposit
Insurance Corporation

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

Sales Announcements


OFFERING ANNOUNCEMENT: ORE-15-22

$6.4 Million in Non-Lead Participations in Owned Real Estate


On behalf of the Federal Deposit Insurance Corporation (FDIC), as Receiver for multiple failed institutions, First Financial Network, Inc. (www.ffncorp.com) is pleased to announce FDIC Sale ORE-15-22.

ORE-15-22 consists of 10 non-lead participation interests. Certain real estate collateral for the underlying loans has been acquired by the lenders and a list of owned real estate is below. The lenders also have certain deficiency rights related to the underlying loans, one of which has been reduced to judgment and is listed separately below.

City State Property Type Collateral Description FDIC Owned Percentage
Prescott Valley AZ Land 5.13 Acres Industrial Land 66.67%
Yuma AZ Hotel 150 Room Hotel (Leasehold) 8.20%
Yuma AZ N/A Deficiency Judgment 8.20%
Monterey CA Land 1.73 Acre Residential Lot 90%
Lake Park GA Land 8.98 Acres of Commercial Land 13%
North Las Vegas NV Land 1.36 Acres of Vacant Land 53.12%
North Las Vegas NV Land 2,004 Acres of Commercial/Industrial Land (2 participations) 24.79%/16.53%
Memphis TN Church/Land Church Property 10.53%
Marshfield WI Land 25 Condo Lots 31.79%



Access to online due diligence for this offering is open to all bidders that meet FDIC's requirements for Level 2 information. To review the requirements to access Level 2 information, please click here FDIC Level 2 Requirements.


KEY DATES

Investor Due Diligence February 23, 2015 - March 25, 2015
Bid Date March 25, 2015 - 12:00 pm CST
Closing Date April 10, 2015

For information regarding this offering, please visit www.ffncorp.com or contact FFN's Investor Relations team at IR@functors or 405-748-4100.


This advertisement is an announcement only and does not constitute an offer to sell, or a solicitation of an offer to buy, any loans or any interest therein. Information concerning the loans will be furnished only to persons who demonstrate that they have a level of financial sophistication and resources sufficient to evaluate and bear the risks of an investment in the loans. The loans, assets or portfolios may be offered "AS IS" and without any representations or warranties of any kind whatsoever by any entity.



The FDIC conducts loan sales with the support of three loan sale advisors. When the FDIC has loans available for sale they may be marketed on one of the loan sale advisors’ websites.

To participate in a loan sale offering, please contact each of the loan sale advisors and request an account be established on the respective website. Each loan sale advisor has its own requirements for granting access. You are encouraged to register so you will receive notice of any FDIC loan sale offering.

Additional information on the loan sale process can be found at FDIC: Loan Sales (http://www.fdic.gov/buying/loan/).