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Bid Summary

Neighborhood Community Bank
Newnan, GA
Closing Date: June 26, 2009

Winning Bidder: CharterBank, West Point, GA

Winning Bid: All deposits, whole bank with loss share Asset Discount of $26.9 million, Deposit Premium 0%.

Other Bids:



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

- Although two bids were received for this institution, the second bid would have been more costly than liquidation. It has therefore been excluded from this summary.

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

Last Updated 08/12/2011 cservicefdicdal@fdic.gov