Each depositor insured to at least $250,000 per insured bank



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Trust Administration Services (TAS)
Question and Answer Guide

First Regional Bank, Los Angeles, CA
On January 29, 2010, First Regional Bank, Los Angeles, California, was closed by the Commissioner of California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First-Citizens Bank & Trust Company to assume substantially all of the deposits and assets of First Regional Bank. Any claims of equity holders were not acquired.

TAS, a division of First Regional Bank, was not purchased by First-Citizens Bank & Trust Company, and remains an asset of the receivership. TAS customers may continue to transact on their accounts, however, the receiver will not be processing new accounts at this time.

The custodial services for self-directed retirement accounts will be provided by the FDIC, as Receiver. Account holders will be able to transact business as usual in their retirement accounts.

Customers who have questions about their account may call 1-800-455-9472. In addition to normal hours, the call center will operate until 9 PM Friday, January 29, 2010, and from 9 AM until 6 PM on Saturday, January 30, 2010, Pacific Standard Time.

Is my retirement account insured?

Many retirement account investments are not insured. However, to the extent that the retirement account was invested in a deposit account at an FDIC-insured institution, the account may be insured up to the FDIC's insurance limit of $250,000. First Regional Bank deposits in excess of the insurance limit remain intact, as First-Citizens Bank & Trust Company purchased all deposits from the FDIC.

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Do I still control my self-directed retirement account?

You continue to be in full control of your self-directed retirement account. The beneficiaries of your retirement account remain unchanged. Your account is fully accessible and transactions may be conducted as usual.

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What about transactions in process?

TAS will continue to process pending transactions in accordance with existing procedures.

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Can I place additional assets in my accounts?

Yes, you may transact business in your account as usual, including making additional investments.

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Who should I contact to transact activity in my retirement account?

You may contact TAS as you have done in the past.

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What will happen to any First Regional Bancorp stock held in my accounts?

The holding company was not included in the closing of the bank or the resulting receivership. You may contact First Regional Bancorp directly for information as follows:

First Regional Bancorp
Steven J. Sweeney, General Counsel
1801 Century Park East, Suite 800
Los Angeles, CA 90067
1-310-552-1776
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Where can I get additional information of my retirement account?

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TAS FAQs on retirement accounts is available on the Internet at:

http://www.trustlynk.com/retirement_accounts_faq.php

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Last Updated 01/29/2010 cservicefdicdal@fdic.gov