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Bid Summary

Oglethorpe Bank
Brunswick, GA
Closing Date: January 14, 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:
Bank of The Ozarks, Little Rock, AR
All deposit whole bank with loss share 0.00% $(38,000) 80% 80% NA 80% 80% NA No No(1) 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. 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. If any bids were received that would have been more costly than liquidation they have been excluded from this summary.

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

- (1) Non conforming bid excluded all securities, excluded FHLB advances, and included language giving the acquirer the ability to close a branch within 12 months of the closing date of the transaction.

Last Updated 01/20/2011 cservicefdicdal@fdic.gov