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

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Bid Summary

Mountain Heritage Bank
Clayton, GA
Closing Date: June 24, 2011

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:
First American Bank and Trust Company, Athens, GA
All deposit whole bank with loss share 0.00% $(13,810) 80% 80% N/A 80% 80% N/A No Yes N/A

Peoples Bank of East Tennessee, Madisonville, TN

All deposit whole bank with loss share 0.00% $(16,286) 80% 80% N/A 80% 80% N/A No No N/A
Other Bids: None                        

- The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative. The liquidation alternative was valued using valuation models to estimate the market value of the assets. Bids for loss share, if any, were valued using a discounted cash flow analysis for the loss share portfolio over the life of the loss share agreement.

- The cover bid is the least costly bid after excluding all bids submitted by the winning bidder.

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

Last Updated 07/12/2012 cservicefdicdal@fdic.gov