| LOAN SALES ANNOUNCEMENTS ______________________________________________________________________ |
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Agreements and Certifications necessary for participation. If you are interested in
becoming a registered buyer or seller, please click on the registration link and fill out
your contact information to receive loan sales information.
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OFFERING ANNOUNCEMENT
$96MM Performing and Non-Performing CRE, C&I and Consumer Loans
On behalf of the FDIC, DebtX is pleased to announce the sale of assets related to the Alpha Bank,
Alpharetta, GA receivership:
7 Consumer loans totaling $627M
25 C&I loans totaling $43.5MM
20 Residential loans totaling $10.4MM
KEY DATES
Due Diligence commences: January 14, 2009
Bid Date: February 10, 2009
______________________________________________________________________
OFFERING ANNOUNCEMENT
$108MM Performing and Non-Performing CRE, C&I and Consumer Loans
On behalf of the FDIC, DebtX is pleased to announce the sale of assets related to the Freedom Bank,
Bradenton, FL receivership:
140 CRE loans totaling $72.0MM
187 C&I loans totaling $32.5MM
150 Consumer loans totaling $2.1MM
2 Agricultural loans totaling $1.8MM
KEY DATES
Due Diligence commences: January 28, 2009
Bid Date: February 24, 2009
________________________________________________________________________________
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.
SBA 7(a) (70%)
SBA Business Express (13%)
SBA 504 (16%)
Arizona (40%)
Nevada (16%)
Texas (12%)
Florida (6%)
Arkansas (6%)
Performing (82%)
Non-Performing (18%)
Commercial Real Estate (50%)
Residential (9%)
Business Assets/ Unsecured (38%)
The loans will be pooled according to FDIC receivership, SBA loan type, performance, collateral type,
borrower relationship and location. Additional information regarding relevant SBA purchasing
requirements will be available when the Bid Package is posted.
Bidders may perform Due Diligence either onsite at the Due Diligence Site located in Oklahoma City,
OK or via imaged loan documents (operative and recent correspondence) available online or on
encrypted external hard drive.
KEY DATES (ALL DATES ARE SUBJECT TO CHANGE)
Sale Announcement: December 22, 2008
Bid Package: February 2, 2009 - March 10, 2009
Investor Due Diligence: February 2, 2009 - March 10, 2009
Legal Calculation Date: February 27, 2009
Bid Day: March 10, 2009
Funding/Closing/Transfer: March 27, 2009
________________________________________________________________________________
OFFERING ANNOUNCEMENT
$485MM Performing & Non-Performing Loan Portfolio
FDIC Offering #SSB-2-09
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
Bid Package and Investor Due Diligence: January 26, 2009
Bid Day: March 3, 2009 12:00 PM CT
Closing/Funding/Transfer: March 19, 2009
________________________________________________________________________________
$96MM Performing and Non-Performing CRE, C&I and Consumer Loans
On behalf of the FDIC, DebtX is pleased to announce the sale of assets related to the Alpha Bank,
Alpharetta, GA receivership:
- 95 loans broken down as follows:
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%
KEY DATES
Due Diligence commences: January 14, 2009
Bid Date: February 10, 2009
______________________________________________________________________
OFFERING ANNOUNCEMENT
$108MM Performing and Non-Performing CRE, C&I and Consumer Loans
On behalf of the FDIC, DebtX is pleased to announce the sale of assets related to the Freedom Bank,
Bradenton, FL receivership:
- A total of 479 loans:
140 CRE loans totaling $72.0MM
187 C&I loans totaling $32.5MM
150 Consumer loans totaling $2.1MM
2 Agricultural loans totaling $1.8MM
- Collateral: Includes commercial real estate, business assets, vehicles and agriculture.
- Collateral location: Concentrated in Florida
- Performance level: Performing 64%; Non-Performing 36%
KEY DATES
Due Diligence commences: January 28, 2009
Bid Date: February 24, 2009
________________________________________________________________________________
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%)
The loans will be pooled according to FDIC receivership, SBA loan type, performance, collateral type,
borrower relationship and location. Additional information regarding relevant SBA purchasing
requirements will be available when the Bid Package is posted.
Bidders may perform Due Diligence either onsite at the Due Diligence Site located in Oklahoma City,
OK or via imaged loan documents (operative and recent correspondence) available online or on
encrypted external hard drive.
KEY DATES (ALL DATES ARE SUBJECT TO CHANGE)
Sale Announcement: December 22, 2008
Bid Package: February 2, 2009 - March 10, 2009
Investor Due Diligence: February 2, 2009 - March 10, 2009
Legal Calculation Date: February 27, 2009
Bid Day: March 10, 2009
Funding/Closing/Transfer: March 27, 2009
________________________________________________________________________________
OFFERING ANNOUNCEMENT
$485MM Performing & Non-Performing Loan Portfolio
FDIC Offering #SSB-2-09
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
Bid Package and Investor Due Diligence: January 26, 2009
Bid Day: March 3, 2009 12:00 PM CT
Closing/Funding/Transfer: March 19, 2009
________________________________________________________________________________
