Bid Summary for AmTrust Bank, Cleveland, OH

AmTrust Bank, Cleveland, OH
Closing date: December 4, 2009

Failed Bank Information for AmTrust Bank, Cleveland, OH

Bid	Whole Bank Deposit Premium	Ohio Deposit Premium	Florida Deposit Premium	Arizona Deposit Premium	All or Insured Deposits	Loss Share Pool A, $ in millions	Loss Share Pool B, $ in millions	Servicing Pool, $ in millions
Winning Bid: New York Community Bank, Westbury, NY	0%				All	-425 for Loss Share Pools A and B, plus warrants	-425 for Loss Share Pools A and B, plus warrants	No bid
Cover (second place) Bidder and Bid	TD Bank, N.A., Portland, ME	0%
Other Bid			1%		All			No bid
Other Bid			0%		All	-153		No bid
Other Bid			0%	0%	All	-183		No bid
Other Bid			0%		All		-154.5	No bid
Other Bid			0%	0%	All		-184.5	No bid
Other Bid			0%		All	-153	-154.5	No bid
Other Bid			0%		All	-381	-509	-85
Other Bid			0%	0%	All	-386	-514	-85
Other Bid		0%	0%		All	-441	-589	-85
Other Bid		1.25%			All	-1,389		No bid
Other Bid		0.50%			Insured	-882	-878	No bid

EverBank, Jacksonville, FL
FirstMerit Bank, N.A., Akron, OH
TD Bank National Association, Portland, ME
Third Federal Savings & Loan, Cleveland, OH

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 Failed Financial Institution Bid Disclosure Policy.