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Bid Summary

First Guaranty Bank and Trust Company of Jacksonville
Jacksonville, FL
Closing Date: January 27, 2012


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:
CenterState Bank of Florida, N.A., Winter Haven, FL		 All deposit whole bank with loss share 0.00% $(14,495) 80% 80% N/A 80% 80% N/A No Yes N/A
Cover-Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure
Other Bid All deposit whole bank with loss share 0.00% $(17,985) 80% 80% N/A 80% 80% N/A No Yes N/A


Other Bidder Names:

- Fidelity Bank, Atlanta, GA
- Iberiabank, Lafayette, LA

Notes:

- 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. Bids for loss share, if any, were 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.

- The cover bid is the least costly bid after excluding all bids submitted by the winning bidder.

- The Other Bidder Names and the Other Bids are in random order. There is no linkage between bidder names and bids, except in the case of the winning bid. Because there were three bids for this institution, the name of the cover bidder, but not the cover bid amount, is listed above under Cover and Other Bidder Names pursuant to the November 12, 2009 failed bank bid disclosure policy.

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



Last Updated 02/15/2012 cservicefdicdal@fdic.gov