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Bid Summary

Legacy Bank
Milwaukee, WI
Closing Date: March 11, 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:
Seaway Bank and Trust, Chicago, IL
All deposit modified whole bank with loss share 0.00% $(21,755) 80% 80% N/A 80% 80% N/A No No N/A
Cover Bid: None N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Other bid All deposit modified whole bank with loss share 0.00% $(25,708) 80% 80% N/A 80% 80% N/A No Yes N/A


Notes:

- The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative. The liquidation alternative was valued using valuation models to estimate the market value of the assets. Bids for loss share, if any, were valued using a discounted cash flow analysis for the loss share portfolio over the life of the loss share agreement.

- The cover bid is that: a. Is less costly than liquidation and b. Is the least costly bid after excluding all bids submitted by the winning bidder.

- For more information on the bid disclosure policy, see http://www.fdic.gov/about/freedom/biddocs.html.


Last Updated 08/07/2012 cservicefdicdal@fdic.gov