US-LD BANK 2 LST

PTI - In addition to assuming the failed bank's insured
deposits, Stearns Bank would purchase approximately 38.9
million dollars of Alpha's assets. The F.D.I.C. would retain
the remaining assets for later disposition.

As of September 30, 2008, Alpha Bank had total assets
worth 354.1 million dollars and total deposits of 346.2
million dollars.

Further, the F.D.I.C. statement added that Stearns Bank
did not pay the regulatory authority a premium for the right
to assume the Alpha Bank's insured deposits.

According to the statement, depositors of the failed bank
would automatically become depositors of Stearns Bank and the
deposits would continue to be insured by the F.D.I.C.

"At the time of closing, there were approximately 3.1
million dollars in uninsured deposits held in approximately 59
accounts that potentially exceeded the insurance limits. This
amount is an estimate that is likely to change once the
F.D.I.C. obtains additional information from these customers."

Alpha Bank & Trust also had approximately 16.8 million
dollars in brokered deposits that are not part of today's
transaction. The F.D.I.C. will pay the brokers directly for
the amount of their insured funds, F.D.I.C. said. PTI R.A.M.
RKM