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Bid Summary

Nexity Bank
Birmingham, AL
Closing Date: April 15, 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:
AloStar Bank of Commerce
Birmingham, AL
All deposit whole bank with loss share 0.00% $(102,000) 80% 80% 80% 80% 80% 80% No No N/A
Cover (second place): AloStar Bank of Commerce, Birmingham, AL All deposit whole bank with loss share 0.00% $(110,000) 80% 50% 80% 80% 50% 80% No No N/A
Other bid All deposit whole bank with loss share 0.00% $(107,000) 80% 80% 80% 80% 80% 80% Yes No N/A
Other bid All deposit whole bank with loss share 0.00% $(115,000) 80% 50% 80% 80% 50% 80% Yes No N/A
Other bid All deposit whole bank with loss share 0.00% $(121,000) 80% 0% 80% 80% 0% 80% No Yes N/A
Other bid All deposit whole bank with loss share 0.00% $(126,000) 80% 0% 80% 80% 0% 80% Yes Yes N/A


Other Bidder Names:

Omitted from this disclosure

Notes:

- 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.

- Because the four "Other bids" were submitted by one bidder, the other bidder name is omitted from this disclosure.

- There is no linkage between bidder names and bids, except in the case of the winning bid and the cover bid.

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



Last Updated 05/17/2012
cservicefdicdal@fdic.gov