OFFERING ANNOUNCEMENT

$60MM Performing/Non-Performing Commercial Real Estate, C&I and Consumer Loan Portfolio

Offering #CBN-09-33

On behalf of the FDIC, First Financial Network, Inc. (FFN) is pleased to announce the sale of approximately $60MM of Performing and Non-Performing CRE, C&I and Consumer Loans that were held by the recently closed Community Bank of Nevada for which the FDIC is acting as Receiver. Bidders may perform due diligence either via imaged loan documents available online or encrypted hard drive.

Key Portfolio Characteristics

430 loans

58% Performing/42% Non-Performing

21% Commercial Real Estate

75% C&I

4% Consumer

75% Nevada

KEY DATES

OFFERING ANNOUNCEMENT

$2.7MM Non-Performing Residential Loan Pool
 

KEY DATES

OFFERING ANNOUNCEMENT

$119 Million in Performing Credit Card Outstanding Balances and Related Accounts

Offering #SIL-09-036

As the Sale Advisor for the Federal Deposit Insurance Corporation (“"FDIC”), First Annapolis Capital, Inc. (“First Annapolis”) is pleased to provide the opportunity to acquire approximately $119MM in Performing Credit Card Loans and Accounts and over 700 agent bank relationships, Offer Number SIL-09-036, from the recently closed Silverton Bank. This portfolio is comprised of approximately 108,000 accounts on file all processing on the First Data Omaha platform. Accounts were originated through over 700 community agent bank relationships and average over five years time on books. Approximately 53% of the portfolio balance is consumer and approximately 47% is business, including corporate card accounts issued to the agent banks. The combined portfolio generates approximately $53MM in monthly transaction volume (5+ turn rate).

The portfolio average credit bureau score is approximately 736 and approximately 15% of the outstandings are secured by agent bank guarantees. Delinquency and charge-off rates trend well below the industry average.

KEY DATES

Please contact the following at First Annapolis with any questions regarding the sale process.

Omid Tofigh, Principal Omid.Tofigh@firstannapolis.com 410-865-8855
Raymond Carter, Principal Raymond.Carter@firstannapolis.com 410-865-8859

FDIC and First Annapolis reserve the right, at their sole discretion, to refuse to allow any bidder to review the Bid Package or to participate in this offering or any future offering(s).