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Banks Acquiring Failed Banks

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Banks failed in 2010

# 137

Failed Bank	:	First Suburban National Bank - Maywood, Illinois
Date Closed	:	October 22, 2010
Assets	:	$148.7 million
Deposits	:	$140.0 million

Acquiring Bank	:	Seaway Bank and Trust Company - Chicago, Illinois
Assets Purchased	:	$148.7 million
Deposits Purchased	:	$140.0 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	$116.6 million
Cost to the Deposit Insurance Fund	:	$31.4 million

Notes

As of June 30, 2010, First Suburban National Bank had approximately $148.7 million in total assets and $140.0 million in total deposits. Seaway Bank and Trust Company did not pay the FDIC a premium for the deposits of First Suburban National Bank. In addition to assuming all of the deposits, Seaway Bank and Trust Company agreed to purchase essentially all of the failed bank's assets.

# 136

Failed Bank	:	The First National Bank of Barnesville - Barnesville, Georgia
Date Closed	:	October 22, 2010
Assets	:	$131.4 million
Deposits	:	$127.1 million

Acquiring Bank	:	United Bank - Zebulon, Georgia
Assets Purchased	:	$131.4 million
Deposits Purchased	:	$127.1 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	$107.3 million
Cost to the Deposit Insurance Fund	:	$33.9 million

Notes

As of June 30, 2010, The First National Bank of Barnesville had approximately $131.4 million in total assets and $127.1 million in total deposits. United Bank did not pay the FDIC a premium for the deposits of The First National Bank of Barnesville. In addition to assuming all of the deposits, United Bank agreed to purchase essentially all of the failed bank's assets.

# 135

Failed Bank	:	The Gordon Bank - Gordon, Georgia
Date Closed	:	October 22, 2010
Assets	:	$29.4 million
Deposits	:	$26.7 million

Acquiring Bank	:	Morris Bank - Dublin, Georgia
Assets Purchased	:	$11.5 million
Deposits Purchased	:	$26.7 million
Premium paid for acquiring deposits	:	0.05 percent
Loss Sharing Agreement with FDIC for assets	:	-
Cost to the Deposit Insurance Fund	:	$9.0 million

Notes

As of June 30, 2010, The Gordon Bank had approximately $29.4 million in total assets and $26.7 million in total deposits. Morris Bank paid the FDIC a premium of 0.05 percent for the deposits of The Gordon Bank. In addition, Morris Bank will purchase approximately $11.5 million of The Gordon Bank's assets, consisting of cash and cash equivalents. The FDIC will retain the remaining assets for later disposition.

# 134

Failed Bank	:	Progress Bank of Florida - Tampa, Florida
Date Closed	:	October 22, 2010
Assets	:	$110.7 million
Deposits	:	$101.3 million

Acquiring Bank	:	Bay Cities Bank - Tampa, Florida
Assets Purchased	:	$110.7 million
Deposits Purchased	:	$101.3 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	$82.6 million
Cost to the Deposit Insurance Fund	:	$25.0 million

Notes

As of June 30, 2010, Progress Bank of Florida had approximately $110.7 million in total assets and $101.3 million in total deposits. Bay Cities Bank did not pay the FDIC a premium for the deposits of Progress Bank of Florida. In addition to assuming all of the deposits, Bay Cities Bank agreed to purchase essentially all of the failed bank's assets.

# 133

Failed Bank	:	First Bank of Jacksonville - Jacksonville, Florida
Date Closed	:	October 22, 2010
Assets	:	$81.0 million
Deposits	:	$77.3 million

Acquiring Bank	:	Ameris Bank - Moultrie, Georgia
Assets Purchased	:	$81.0 million
Deposits Purchased	:	$77.3 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	$60.0 million
Cost to the Deposit Insurance Fund	:	$16.2 million

Notes

As of June 30, 2010, First Bank of Jacksonville had approximately $81.0 million in total assets and $77.3 million in total deposits. Ameris Bank did not pay the FDIC a premium for the deposits of First Bank of Jacksonville. In addition to assuming all of the deposits, Ameris Bank agreed to purchase essentially all of the failed bank's assets.

# 132

Failed Bank	:	Premier Bank - Jefferson City, Missouri
Date Closed	:	October 15, 2010
Assets	:	$1.18 billion
Deposits	:	$1.03 billion

Acquiring Bank	:	Providence Bank - Columbia, Missouri
Assets Purchased	:	$657.9 million
Deposits Purchased	:	$1.03 billion
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	$408.7 million
Cost to the Deposit Insurance Fund	:	$406.9 million

Notes

As of June 30, 2010, Premier Bank had approximately $1.18 billion in total assets and $1.03 billion in total deposits. Providence Bank did not pay the FDIC a premium for the deposits of Premier Bank. In addition to assuming all of the deposits of the failed bank, Providence Bank agreed to purchase approximately $657.9 million of the failed bank's assets. The FDIC will retain the balance of the assets for later disposition.

# 131

Failed Bank	:	WestBridge Bank and Trust Company - Chesterfield, Missouri
Date Closed	:	October 15, 2010
Assets	:	$91.5 million
Deposits	:	$72.5 million

Acquiring Bank	:	Midland States Bank - Effingham, Illinois
Assets Purchased	:	$91.5 million
Deposits Purchased	:	$72.5 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	$72.6 million
Cost to the Deposit Insurance Fund	:	$18.7 million

Notes

As of June 30, 2010, WestBridge Bank and Trust Company had approximately $91.5 million in total assets and $72.5 million in total deposits. Midland States Bank did not pay the FDIC a premium for the deposits of WestBridge Bank and Trust Company. In addition to assuming all of the deposits of the failed bank, Midland States Bank agreed to purchase essentially all of the assets.

# 130

Failed Bank	:	Security Savings Bank, F.S.B. - Olathe, Kansas
Date Closed	:	October 15, 2010
Assets	:	$508.4 million
Deposits	:	$397.0 million

Acquiring Bank	:	Simmons First National Bank - Pine Bluff, Arkansas
Assets Purchased	:	$508.4 million
Deposits Purchased	:	$397.0 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	$334.2 million
Cost to the Deposit Insurance Fund	:	$82.2 million

Notes

As of June 30, 2010, Security Savings Bank, F.S.B. had approximately $508.4 million in total assets and $397.0 million in total deposits. Simmons First National Bank did not pay the FDIC a premium for the deposits of Security Savings Bank, F.S.B. In addition to assuming all of the deposits of the failed bank, Simmons First National Bank agreed to purchase essentially all of the assets.

# 129

Failed Bank	:	Shoreline Bank - Shoreline, Washington
Date Closed	:	October 01, 2010
Assets	:	$104.2 million
Deposits	:	$100.2 million

Acquiring Bank	:	GBC International Bank - Los Angeles, California
Assets Purchased	:	$65.7 million
Deposits Purchased	:	$100.2 million
Premium paid for acquiring deposits	:	0.25 percent
Loss Sharing Agreement with FDIC for assets	:	$49.2 million
Cost to the Deposit Insurance Fund	:	$41.4 million

Notes

As of June 30, 2010, Shoreline Bank had approximately $104.2 million in total assets and $100.2 million in total deposits. GBC International Bank will pay the FDIC a premium of 0.25 percent to assume all of the deposits of Shoreline Bank. In addition to assuming all of the deposits of the failed bank, GBC International Bank agreed to purchase approximately $65.7 million of the failed bank's assets. The FDIC will retain the balance of the assets for later disposition

# 128

Failed Bank	:	Wakulla Bank - Crawfordville, Florida
Date Closed	:	October 01, 2010
Assets	:	$424.1 million
Deposits	:	$386.3 million

Acquiring Bank	:	Centennial Bank - Conway, Arkansas
Assets Purchased	:	$424.1 million
Deposits Purchased	:	$386.3 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	$212.7 million
Cost to the Deposit Insurance Fund	:	$113.4 million

Notes

As of June 30, 2010, Wakulla Bank had approximately $424.1 million in total assets and $386.3 million in total deposits. Centennial Bank did not pay the FDIC a premium for the deposits of Wakulla Bank. In addition to assuming all of the deposits of the failed bank, Centennial Bank agreed to purchase essentially all of the assets