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Federal Deposit
Insurance Corporation

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

Bid Summary

Sun American Bank, Boca Raton, FL
Closing Date: March 5, 2010

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-Citizens Bank & Trust Company,Raleigh, NC
All deposit Whole bank with loss share 0.00% $(69,400) 80% 95% N/A 80% 95% N/A No Yes N/A
Cover (second place):
New York Community Bank, Westbury,  NY
All deposit Whole bank with loss share 0.00% $(70,000) 80% 95% N/A 80% 95% N/A No Yes N/A
Other Bid: All deposit Whole bank with loss share 0.00% $(80,000) 80% 95% N/A 80% 95% N/A No Yes N/A

Other Bidder Names & Locations:

Third Federal Savings and Loan Association of Cleveland, Cleveland ,OH

Notes:


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