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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Bid Summary

Beach First National Bank
Myrtle Beach, S.C.
Closing Date: April 9, 2010

Winning Bidder: Bank of North Carolina, Thomasville, NC

Winning Bid: All deposits, whole bank with loss share – Asset Discount 11.084%; Deposit Premium 0%.

Cover (second place) Bidder: First Bank, Troy, NC

Cover Bid: All deposits, whole bank with loss share – Asset Discount 15.95%; Deposit Premium 0%.

Other Bidder: First Citizens Bank and Trust Company, Inc., Columbia, SC

Other Bids: All deposits, whole bank with loss share - Asset Discount 19.33%; Deposit Premium 0%.

Notes:


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