FDIC Header Test

Federal Deposit
Insurance Corporation

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

Bid Summary

Innovative Bank, Oakland, CA
Closing Date: April 16, 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: Center Bank, Los Angeles, CA All deposit whole bank with loss share 0.50% -8.5% 80% 80% NA 80% 80% NA Yes Yes N/A
Cover (second place) - Center Bank, Los Angeles, CA All deposit whole bank with loss share 0.50% -9.8% 80% 80% N/A 80% 80% N/A No Yes (1) N/A
Other bids: None                        

1) The bid includes a component whereby the bidder will cover 100% of the initial losses incurred up to 2% 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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