Replies to post #20064 on United Western Bancorp Inc (fka UWBKQ)

[ArtieB]

Found this BURIED in the monstrous 10.2 Exhibit filing of which the "Confidential treatment order" refers:

First Citizens Bank
CLIENT BANK PRICING
FDIC Loss Share Certificate Application System
Contract Date April 1, 2012

SERVICE TO BE PROVIDED:

Provide First Citizens Bank of South Carolina a tool that will allow them to track Loss Share agreements with the FDIC and produce the quarterly certificates due to the FDIC.

Roles and Responsibilities:
- FCBNC will import the required data to produce the quarterly cerificates from the data warehouse.
- FCBNC will maintain the system to be compliant with FDIC-mandated changes.
- FCBSC will balance and/or verify the input from CID and verify that the output data is correct.

One Time Cost:

Prorata Share of System Development Cost

Implementation Costs (specific to WFNB)

http://www.sec.gov/Archives/edgar/data/798941/000079894113000020/fcnca_exhibit102x0331.htm (Exhibit 10.2, 5/9/13)

United was "acquired" via loss share agreement, correct?

VC