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Bid Summary

Covenant Bank, Chicago, IL
Closing Date: February 15, 2013

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:
Liberty Bank and Trust Company, New Orleans, LA
All deposit whole bank 0.00% $(18,900) N/A N/A N/A N/A N/A N/A No Yes N/A
Cover Bid:                        
Other Bid: All deposit P&A -3.25% N/A N/A N/A N/A N/A N/A N/A No No - 1 N/A
Other Bid: All deposit whole bank 0.25% $(15,936) N/A N/A N/A N/A N/A N/A No No - 2,3,4 N/A
Other Bid: All deposit whole bank 0.25% $(21,101) N/A N/A N/A N/A N/A N/A No No - 3,4,5 N/A
Other Bid: All deposit whole bank 0.00% $(21,900) N/A N/A N/A N/A N/A N/A No Yes N/A
Other Bid:   All deposit whole bank 0.25% $(22,129) N/A N/A N/A N/A N/A N/A No No - 3,4,5 N/A

Conforming Bid Notes:

1- Requests reduction of premises' monthly rental rate from $20,785 to $7,500.
2- Excludes approximately $20.0 million in securities, loans, OREO, premises and miscellaneous other assets.
3- Excludes all brokered deposits, escrow accounts on related excluded assets and Federal Home Loan Bank advances.
4- Requests reduction of premises' monthly rental rate from $20,785 to $6,000.
5- Excludes approximately $14.1 million in securities, loans, OREO, premises and miscellaneous other assets.

Other Bidder Names & Locations:

Liberty Bank and Trust Company, New Orleans, LA
Seaway Bank, Chicago, IL
Urban Partnership Bank, Chicago, IL

Notes:

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