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Bid Summary

BankMeridian, N.A.
Columbia, SC
Closing Date: July 29, 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:
SCBT, N.A., Orangeburg, SC
All deposit whole bank with loss share 0.00% $(30,800) 80% 80% 0% 80% 80% 0% No Yes N/A
Cover: Bank of North Carolina, High Point, NC All deposit modified whole bank with loss share 0.50% $(33,950) 80% 80% 0% 80% 80% 0% No Yes N/A
Other Bid All deposit whole bank with loss share 0.00% $(43,890) 80% 80% 0% 80% 80% 0% No Yes N/A


Other Bidder Names:

Bank of the Ozarks, Little Rock, AR


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 the bid 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 08/09/2012 cservicefdicdal@fdic.gov