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Federal Deposit
Insurance Corporation

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

Bid Summary

Frontier Bank, Everett, WA
Closing Date: April 30, 2010

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: Union Bank, San Francisco, CA All deposit whole bank with loss share 0.00% -11.000% 80% 80% N/A 80% 80% N/A No Yes N/A
Cover (second place): U.S. Bank, Minneapolis, MN All deposit whole bank with loss share 0.00% -11.222% 80% 80% N/A 80% 80% N/A No Yes N/A
Other Bid All deposit whole bank with loss share 2.00% -21.600% 80% 80% N/A 80% 80% N/A No Yes (1) N/A
Other Bid All deposit whole bank with loss share 2.00% -26.100% 80% 80% N/A 80% 80% N/A No Yes (2) N/A

(1) The bid includes a component whereby the bidder will cover 100% of the initial losses incurred up to 10% of the total book value of loss share assets. Once this amount of losses is absorbed by the acquirer, the loss share structure shown above becomes effective.
(2) The bid includes a component whereby the bidder will cover 100% of the initial losses incurred up to 15% of the total book value of loss share assets. Once this amount of losses is absorbed by the acquirer, the loss share structure shown above becomes effective.

Notes:


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