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Bid Summary

Eurobank
San Juan, PR
Closing Date: April 30, 2010



Winning Bidder: Oriental Bank & Trust, San Juan, Puerto Rico

Winning Bid: All deposits, whole bank with loss share – Asset Discount of 13.80%; Deposit Premium of 1.25%; First Loss Tranche 0%; Financing Note; Equity Appreciation Instrument.

Cover (second place) Bidder: Oriental Bank & Trust, San Juan, Puerto Rico

Cover Bid: All deposits, modified whole bank with loss share – Asset Discount of
13.00%; Deposit Premium 1.25%; First Loss Tranche 0%.

Other Bidder Names:

Omitted from this disclosure

Other Bids:

All deposits, whole bank with loss share – Asset Discount of 18.50%; Deposit Premium of 1.0%, First Loss Tranche 0%; Financing Note; Equity Appreciation Instrument – four bids with various links to other institution bids.

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.

- There are more bids than bidders because one or more bidders submitted more than one bid.

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




Last Updated 08/11/2011 cservicefdicdal@fdic.gov