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Bid Summary

Peninsula Bank
Englewood, FL
Closing Date: June 25, 2010



Bidder Type Asset Discount Deposit Premium Linked or Unlinked SF1- 4 Loss Share Bid Comm. Loss Share Bid Value Appreciation Instrument
Winning:
Premier American Bank, Miami, FL
All Deposit Whole Bank

7.27%

0%

Unlinked 80% 80% Yes
Cover (second place)- IBERIABANK, Lafayette, LA All Deposit Whole Bank with Loss Share 11.9% 0% Unlinked 80% 80% No
Other bid

All Deposit Whole Bank

7.27%

0%

Linked

80% 80% Yes
Other bid All Deposit Whole Bank

12.25%

0%

Linked

80% 80% No
Other bid

All Deposit Whole Bank

20.19%

0.5% Unlinked 80% 80% No
Other bid

All Deposit Whole Bank

21.05%

0.5%

Unlinked

80% 80% Yes
Other bid

All Deposit Whole Bank

20.19%

0.5% Linked 80% 80% No
Other bid

All Deposit Whole Bank

21.05%

0.5%

Linked

80% 80% No


Other Bidder Names:

Centennial Bank, Conway, AR
IBERIABANK, Lafayette, LA
Premier American Bank, Miami, FL

Notes:

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

- The Other Bidder Names and the Other Bids are in random order. There is no linkage between bidder names and bids, except in the case of the winning bid and the cover bid.

- There are more bids than bidders because one or more bidders submitted more than one bid.

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




Last Updated 08/10/2011 cservicefdicdal@fdic.gov