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Federal Deposit
Insurance Corporation

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

Since 1933, no depositor has ever lost a penny of FDIC-insured funds

Bid Summary

First State Bank, Sarasota, FL
Closing Date: August 7, 2009

Winning Bidder:

Stearns Bank N.A., St. Cloud, MN

Winning Bid:

All deposits, whole bank with loss share – Asset Discount of $69 million; Deposit Premium of 0.25%.

No other bids were received.


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