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Federal Deposit
Insurance Corporation

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

Bid Summary

Prosperan Bank, Oakdale, MN
Closing date: November 6, 2009

Winning Bidder:

Alerus Financial, N.A., Grand Forks, ND

Winning Bid:

All deposits, whole bank with loss share - Asset Discount of $19.29 million, Deposit Premium of 1.02%.

Cover (second place) Bidder:

Alerus Financial, N.A., Grand Forks, ND.

Cover Bid:

All deposits, whole bank with loss share - Asset Discount of $20.79 million, Deposit Premium 1.02%.

Other Bidder Names & Locations:

Central Bank, Stillwater,MN
PrinsBank, Prinsburg, MN

Other Bids:

All deposits, whole bank with loss share - Asset Discount of $28.58 million, Deposit Premium 0.25%.

All deposits, whole bank with loss share - Asset Discount of $37 million, Deposit Premium 0%.

Notes:


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