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Federal Deposit
Insurance Corporation

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

Bid Summary

Horizon Bank, Bellingham, WA
Closing Date: January 8, 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: Washington Federal Savings & Loan Association, Seattle, WA All deposit whole bank with loss share 0.00% $(177,000) 80% 95% NA 80% 95% NA No Yes N/A
Cover (second place): Great Southern Bank, Springfield, MO All deposit whole bank with loss share 0.25% $(150,000) 80% 95% NA 80% 95% NA No No(1) N/A
Other Bid: Umpqua Bank, Roseburg, OR All deposit whole bank with loss share 0.50% $(296,000) 80% 95% NA 80% 95% NA No Yes N/A

(1) Bid excluded approximately $417.2 million in loans.

Notes:


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