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[] [| http://www.sec.gov/Archives/edgar/data/1075348/000091431709001412/form10q-100762_ffsx.htm]



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First Federal Bankshares, a holding company for Vantus Bank, Sioux City, Iowa

//As of August 28, 2009, Vantus Bank had total assets of $458 million and total deposits of approximately $368 million. In addition to assuming all of the deposits of the failed bank, Great Southern Bank agreed to purchase approximately $387 million of the assets. The FDIC will retain the remaining assets for later disposition.//

Parent company of Vantus Bank announces losses, CEO resignation
//Posted: Aug 12, 2009 8:47 PM EDT// SIOUX CITY, Iowa (KTIV) - First Federal Bankshares, Inc., based in Sioux City, the parent company of Vantus Bank, lost $17.7 million in the last quarter. That news also comes with the announcement that President and CEO Levon Mathews is resigning. In May, the bank was notified by the Office of Thrift Supervision that it was 'significantly undercapitalized' and must return to an adequate level. By the end of August, First Federal must adopt a business plan that shows how the company will increase capital by the end of this year and how it will maintain it. However, a press release from the company says they've been in contact with several private equity groups, but there's no assurance they'll raise the extra capital needed. Levon Mathews became President and CEO of First Federal and Vantus Bank in December and announced he'll step down from his post next month. A company press release says Mathews has taken CEO position with another financial institution outside the Sioux City area. The Company's banking subsidiary, Vantus Bank, is headquartered in Sioux City, Iowa. Founded in 1923, Vantus Bank has seven northwest Iowa offices, one in South Sioux City, Nebraska, and six offices in central Iowa, including four in the Des Moines market area

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[|http://sec.edgar-online.com/dynatronics-corp/10-k-annual-report/2009/09/28/Section8.aspx] for inventory reserves at lower of cost or market