OFFERING ANNOUNCEMENT

$4.3MM Performing and Non-Performing SBA Loans
 

On behalf of the FDIC, DebtX (www.debtx.com) is pleased to announce the sale of $4.3 million in SBA loans.

Four (4) of the pools include performing loans and two (2) pools contain non-performing loans. Collateral is concentrated in Florida, Michigan and Kansas.

Purchasers of the performing loan pools do not need to be approved SBA lender in order to purchase the pool. However, if the purchaser is not an approved SBA lender, then the SBA guaranty will not be valid.

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OFFERING ANNOUNCEMENT

$71MM Performing and Non-Performing CRE, C&I and Consumer Loans
 

On behalf of the FDIC, DebtX (www.debtx.com) is pleased to announce the sale of assets related to the Ameribank, Welch, WV receivership:

• Approximately 670 loans:
• Collateral: A wide range of collateral including land, commercial and residential real estate, business assets and other consumer assets.
• Collateral location: Concentrations in the Southeastern US, Ohio and West Virginia

KEY DATES

OFFERING ANNOUNCEMENT

$22MM Performing and Non-Performing CRE, C&I and Consumer Loans
 

On behalf of the FDIC, DebtX (www.debtx.com) is pleased to announce the sale of assets related to the Meridian Bank, Eldred, IL receivership:

• Approximately 300 loans:
• Collateral: A wide range of collateral including land, commercial and residential real estate, business assets, automobiles and other consumer assets.
• Collateral location: Primarily located in Illinois and Missouri
• Performance level: Performing 70%; Non-Performing 30%

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OFFERING ANNOUNCEMENT

$96MM Performing and Non-Performing CRE, C&I and Consumer Loans
 

On behalf of the FDIC, DebtX (www.debtx.com) is pleased to announce the sale of assets related to the Alpha Bank, Alpharetta, GA receivership:

• 95 loans broken down as follows:

• 43 CRE loans totaling $41.5MM
• 7 Consumer loans totaling $627M
• 25 C&I loans totaling $43.5MM
• 20 Residential loans totaling $10.4MM

• Collateral: A wide range of collateral including land, commercial and residential real estate, business assets, and consumer assets.
• Collateral location: Concentrated in the Atlanta, Georgia area
• Performance level: Performing 33%; Non-Performing 77%

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OFFERING ANNOUNCEMENT

$117MM Performing & Non-Performing
SBA Loan Portfolio
FDIC Offering #Western SBA

As a Loan Sale Advisor for the Federal Deposit Insurance Corporation ("FDIC"), First Financial Network, Inc. ("FFN") is pleased to provide the opportunity to acquire certain assets offered from time to time.

The next of these offerings consists of the subject Performing and Non-Performing SBA Loan Sale (Western SBA - FNV-4-09, SSB-1-09 and ANB-2-09). The portfolio consists of 657 SBA loans totaling $117MM that were originated by three recently closed banks: First National Bank of Nevada and First Heritage Bank, N.A. (FNV-4-09 - $75.5MM), Silver State Bank (SSB-1-09 - $33.6MM), and ANB Bank (ANB-2-09 - $7.8MM) for which the FDIC is acting as receiver.

• Loan Type:

  • SBA 7(a) (70%)
  • SBA Business Express (13%)
  • SBA 504 (16%)

• State Concentration:

  • Arizona (40%)
  • Nevada (16%)
  • Texas (12%)
  • Florida (6%)
  • Arkansas (6%)

• Performance:

  • Performing (82%)
  • Non-Performing (18%)

• Collateral:

  • Commercial Real Estate (50%)
  • Residential (9%)
  • Business Assets/ Unsecured (38%)

Bidders may perform Due Diligence either onsite at the Due Diligence Site located in Oklahoma City, OK (click here for directions) or via imaged loan documents (operative and recent correspondence) available online or on encrypted external hard drive. Please click on the Request Due Diligence link to request due diligence access.

KEY DATES (ALL DATES ARE SUBJECT TO CHANGE)

OFFERING ANNOUNCEMENT

$485MM Performing & Non-Performing Loan Portfolio
FDIC Offering #SSB-2-09

As a Loan Sale Advisor for the Federal Deposit Insurance Corporation ("FDIC"), First Financial Network, Inc. ("FFN") is pleased to provide FDIC the opportunity to acquire certain assets offered from time to time. The portfolio consists of 722 Performing and Non-performing loans totaling $485MM that were originated by the recently closed Silver State Bank, Henderson, Nevada for which the FDIC is acting as receiver.

The majority of the loans are located in Arizona and Nevada and over 76% of the portfolio is currently performing. The loans will be pooled according to performance, collateral type, borrower relationship and location. Additional information will be posted as received.

Bidders may perform Due Diligence either via imaged loan documents (operative and recent correspondence) available online or on encrypted external hard drive or onsite at the Due Diligence Site located in Oklahoma City, OK (click here for directions). Please note that only certain collateral documents will be available in hard copy at the Due Diligence Site. Please click on the Request Due Diligence link to request due diligence access.

KEY DATES