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Bid Summary

The John Warner Bank
Clinton, IL
Closing Date: July 2, 2009



Winning Bidder: State Bank of Lincoln, Lincoln, IL

Winning Bid: All deposits, whole bank with loss share Asset Discount of $2.965 million, Deposit Premium 4.10%.

Cover (second place) Bidder: Illini Bank, Springfield, IL.

Cover Bid: All deposits, whole bank with loss share Asset Discount of $2.830 million, Deposit Premium 2.05%.

Other Bidder Names:

Peoples Bank & Trust, Pana, IL

Prairie State Bank & Trust, Mount Zion, IL

Soy Capital Bank & Trust, Decatur, IL

United Community Bank, Chatham, IL

Other Bids:

All deposits, whole bank with loss share Asset Discount of $2.54 million, Deposit Premium 1%.

Insured deposits, whole bank Asset Discount of $12.993 million, Deposit Premium 0%

All deposits, whole bank with loss share Asset Discount of $10.2 million, Deposit Premium 2%

All deposits, whole bank with loss share Asset Discount of $2.48 million, Deposit Premium 1%

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 08/09/2011 cservicefdicdal@fdic.gov