OFFERING ANNOUNCEMENT

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

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

OFFERING ANNOUNCEMENT

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

First Financial Network, Inc. ("FFN") is pleased to provide FDIC 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

$5MM Seasoned Performing CRE and Consumer Loans
 

On behalf of the FDIC, DebtX (www.debtx.com) is pleased to announce the sale of assets related to the Sanderson State Bank, Sanderson, TX receivership:

• One pool containing 60 Consumer loans with a combined principal balance of $1.3MM
• One pool containing 21 CRE loans with a combined principal balance of $3.9MM
• Collateral: A wide range of collateral including residential and commercial real estate, and business/consumer assets.
• Collateral location: New York and Texas
• Performance level: 100% Performing

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OFFERING ANNOUNCEMENT

$133MM Non-Performing CRE Loans
 

On behalf of the FDIC, DebtX (www.debtx.com) is pleased to announce the sale of assets related to the IndyMac Bank, Pasadena, CA receivership:

• 9 loan relationships with a total outstanding balance of $133MM. The loans were originated for the purpose of residential acquisition, development and construction.
• All loans are real estate secured.
• Collateral location: California, Colorado, Illinois and the Southeastern United States
• Performance level: 100% Non-Performing

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OFFERING ANNOUNCEMENT

$37MM Seasoned Performing CRE and C&I Loans
 

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

• A total of 136 loans:

• Nine pools containing 71 CRE loans totaling $34.3MM
• One pool containing 65 C&I loans totaling $2.7MM

• Collateral: A wide range of collateral including retail, commercial real estate, hotel and business/consumer assets.
• Collateral location: Georgia
• Performance level: 100% Performing

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OFFERING ANNOUNCEMENT

$39MM Performing and Non-Performing CRE and Consumer/Business Loans
 

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

• A total of 159 loans:

• 55 CRE loans totaling $35.8MM
• 104 Consumer/Business loans totaling $2.8MM

• Collateral: Offerings include commercial real estate loans, including hotel and retail as well as consumer/business loans.
• Collateral location: Atlanta, GA area
• Performance level: Performing 65%; Non-Performing 35%

KEY DATES

OFFERING ANNOUNCEMENT

$318MM Performing and Non-Performing CRE and C&I Loans
 

On behalf of the FDIC, DebtX (www.debtx.com) is pleased to announce the sale of assets related to the Security Pacific Bank, Los Angeles, CA receivership:

• A total of 245 loans, divided into 23 pools:

• 18 CRE loan pools totaling $241.7MM
• 5 C&I loan pools totaling $76.3MM

• Collateral: Collateral includes multifamily, retail, office, industrial, assisted living and business assets.
• Collateral location: California
• Performance level: Performing 70%; Non-Performing 30%

KEY DATES

OFFERING ANNOUNCEMENT

$53MM Student Loan Portfolio - Bidding March 31, 2009
FDIC Offering #FRA-3-09

First Financial Network, Inc. ("FFN") is pleased to provide the opportunity to acquire certain assets offered from time to time. The portfolio consists of 12,657 Student Loans totaling $53MM from the recently closed Franklin Bank, Houston, Texas for which the FDIC was named Receiver. All loans are U.S. Department of Education (the "Department") program loans. The majority are Stafford Loans with an additional small amount of PLUS Loans and a few Federal Consolidation Loans.

In order to bid on this portfolio, you must be an eligible student loan lender with a Lender Identification Number (LID) or an Eligible Lender Trustee or Beneficiary Holder approved by the Department. The portfolio is currently being serviced by three different servicers: COSTEP, AES/PHEAA and HESC/NTHEA. The portfolio will be stratified into Pools for bidding. Bidders will have the opportunity to submit online sealed bids on one or more Pools individually or in combination.

Bidders will be able to review the loan data as well as all legal documents governing the sale prior to bid. There will be no imaged documentation provided. The loan portfolio consists of the following: