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Insurance Corporation

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Bid Summary

Atlantic Southern Bank
Macon, GA
Closing Date: May 20, 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:
CertusBank, National Association, Easley, SC
All deposit whole bank with loss share 0.00% $(145,807) 78% 30% 78% 78% 30% 78% No Yes Yes
Centennial Bank, Conway, AR
All deposit modified whole bank with loss share 0.00% $(52,900) 80% 80% N/A 80% 80% N/A No Yes Yes
Other Bid: All deposit whole bank with loss share 0.00% $(169,807) 79% 30% 79% 79% 30% 79% No Yes N/A

Other Bidder Names:
Certus Bank, National Association, Easley, SC


- 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 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.

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

Last Updated 06/04/2012 cservicefdicdal@fdic.gov