Comparison to Recent Transactions
15
Source: SNL Financial, FIG Partners and respective company documents. Target's assets are presented as of the quarter prior to announcement.
Net Charge-offs are calculated using the losses and recoveries after 12/31/2008 up to the quarter prior to announcement
General Information General Information Transaction Information Transaction Information Transaction Information Transaction Information Credit Mark Credit Mark Credit Mark Credit Mark
Buyer Target Announce Date Announced Deal Value ($mm) Price/ Tangible Book (%) Target's Assets ($000s) Mark on Acquired Loans ($000s) NCOs since 2008Y($000s) Cumulative Losses($000s) % 2008Y Loan Balance
United Bankshares, Inc. Centra Financial Holdings 12/15/2010 185.4 146.3 1,410,801 40,000 6,609 46,609 4.55%
IBERIABANK Corporation Cameron Bancshares, Inc. 3/10/2011 134.8 174.3 705,735 25,000 2,996 27,996 7.25%
Old National Bancorp Monroe Bancorp 10/5/2010 90.5 161.7 838,122 32,400 17,840 50,240 7.98%
Hancock Holding Co. Whitney Holding Corp. 12/21/2010 1,768.4 163.7 11,517,194 447,000 362,055 809,055 8.91%
American National Bankshares MidCarolina Financial 12/15/2010 38.7 104.1 552,299 33,200 6,289 39,489 9.08%
IBERIABANK Corporation Omni Bancshares, Inc. 2/21/2011 40.0 121.3 735,731 51,000 12,896 63,896 10.93%
Piedmont Community Crescent Financial Corp. 2/23/2011 30.6 77.7 973,018 65,600 23,756 89,356 11.38%
Comerica Incorporated Sterling Bancshares, Inc. 1/16/2011 1,028.90 229.7 5,191,953 330,000 105,359 435,359 11.48%
M&T Bank Corporation Wilmington Trust Corp. 10/31/2010 351.3 99.0 10,401,300 1,016,000 417,398 1,433,398 14.90%
Park Sterling Corporation Community Capital Corp. 3/31/2011 32.4 69.8 655,934 50,192 47,602 97,794 15.24%
BMO Financial Group Marshall & Ilsley Corp. 12/17/2010 5,799.00 97.6 51,886,825 4,700,000 3,458,383 8,158,383 16.39%
AVERAGE 863.7 131.5 7,715,356 617,308 405,562 1,022,870 10.74%
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