Decisions on Bank Applications

Real Estate - Hold (over 2% of Tier 1 capital)

Bank may indirectly through a wholly-owned subsidiary hold residential-commercial real estate involving over 2% of Tier 1 Capital.

Disclaimer

The following list shows those activities and investments approved by the FDIC under Section 24 of the Federal Deposit Insurance Act and Part 362 of the FDIC’s Rules and Regulations, 12 C.F.R. Part 362. The list provides insured state banks and their counsel some initial guidance regarding activities and investments that the FDIC may approve under Section 24. However, the fact that a particular activity or investment has received FDIC approval in the past does not affect the obligation of another institution to seek permission from the FDIC to engage in the same or similar activity. Additionally, the fact that a particular investment or activity has been approved in the past does not restrict the FDIC's review of future requests to engage in similar activities nor our ability to impose prudential standards on the conduct of that activity. Finally, it should be borne in mind that since the time any particular application was approved, key statutory or regulatory changes may have taken place, which might impact how the issues would be treated today.

APPLE BANK FOR SAVINGS - MANHASSET, NY

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	4/18/2005	$10M	3%
Residential Real Estate Development through subsidiary organized as a limited liability company which in turn holds a 50.1% interest in another limited liability company (joint venture).

ROYAL BANK OF AMERICA - NARBETH, PA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	1/28/2005	2.6M	10%
Application to hold noncontrolling interest in limited partnership investment fund through a wholly-owned subsidiary

COMMUNITY BANK AND TRUST - ASHLAND CITY, TN

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	12/15/2004	$2.1M	17.68%
Application to engage in real estate investment activities (purchase of seven-acre tract with a shopping center), through wholly owned subsidiary.

UNIBANK FOR SAVINGS - WHITINSVILLE, MA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	9/17/2001	4M	12.6%
Application to engage in real estate acquisition and sales activities through a wholly-owned subsidiary.

IPSWICH SAVINGS BANK - IPSWICH, MA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	9/10/1999	$ 650,000	4.25%
Bank filed an application to continue to hold, for three years, an undeveloped parcel of land. The bank owns the land through a wholly-owned subsidiary.

CLAREMONT SAVINGS BANK - CLAREMONT, NH

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	8/9/2002	$1,029,293	3.33%
Application to continue to engage in real estate investment activities through two wholly-owned subsidiaries.

MILLINGTON SAVINGS BANK - MILLINGTON, NJ

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	7/30/2002	$ 225,000	2%
Application to transfer former bank offices, branch, commercial and residential rental units to wholly-owned subsidiary.

BEAL SAVINGS BANK - LAS VEGAS, NV

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	7/28/2004	$500,000	10%
De novo State bank with a Nevada Thrift Company charter seeks consent to engage in real estate investment activities permitted for thrift companies and banks under Nevada law. The activities include the acquisition, development, sale, rental, lease, and management of real estate;

TRI-COUNTIES BANK - CHICO, CA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	7/26/1996	14.6M	26.7%
Application to indirectly continue commercial real estate investment activities through a wholly-owned subsidiary. Tri Counties Bank

STATE BANK OF TOLEDO - TOLEDO,, IA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	7/24/2001	$ 333,400	5%
Application to retain and develop (through a wholly-owned subsidiary corporation) real estate parcel for commercial use. Development will consist of constructing a strip mall in phases as lessees are found. The real estate has already been acquired for purposes of constructing a future bank facility.

BORDER TRUST CO. - SOUTH CHINA, ME

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	7/17/1997	$ 314,853	6.11%
Application to continue to engage in real estate investment activities. Border Trust Company

COMERICA BANK/METROBANK - TORRANCE, CA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	7/16/1996	16.8M	24%
Applicant seeks to continue real estate investment activities conducted through two wholly-owned subsidiaries involving a low income apartment complex. In general national banks and their subsidiaries are not allowed to hold commercial property. Metrobank

PINNACLE BANK - JASPER, AL

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Notice	Delegated Authority	6/19/2003	$ 1.00	4.95%
Notice by former stock fsb converted to state commercial bank to retain $ 1.00 ownership interest in a wholly owned subsidiary that posseses a passive 4.95% investment interest in 80 acres of land

PROVIDENT BANK - AMESBURY, MA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	6/18/2003	$1,600,000	6.5%
Application to continue to hold a parcel of land, with a building, across the street from the Bank’s main office. Until recently, the property was owned by the Bank directly, but has now formed a subsidiary to hold the property.

KERMAN STATE BANK - KERMAN, CA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	6/17/1996	2.7M	19.09%
Application to continue to engage in real estate investment activities through a wholly-owned subsidiary. This application represents a divestiture program for real estate investments which extends beyond the December 19, 1996 deadline required under Section 24. Kerman State Bank

BIDDEFORD SAVINGS BANK - BIDDEFORD, ME

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	6/16/2000	1.1M	5.43%
The bank filed an application to engage in real estate investment through a wholly owned subsidiary. The bank will invest up to 5.43% of tier one capital in the subsidiary.

MERCHANTS & PLANTERS BANK - NEW PORT, AR

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	6/11/1996	$200,000	2.62%
Application to initiate real estate acquisition and development activities through its wholly owned subsidiary. While the specifics of the type of real estate investment have not been formalized, the Board of Directors of the bank have set a maximum limit for this type of investment at 2.62% of the banks Tier 1 Capital. Merchants & Planters' Bank

HORIZON BANK - BELLINGHAM, WA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	5/24/1994	1M	< 25%
Application to continue real estate acquisition and development activities through a wholly-owned subsidiary. Horizon Bank

THE BOSTON BANK OF COMMERCE - BOSTON, MA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	4/9/1996	$ 100,000	2.1%
Application to continue the purchase outstanding shares of thrift holding company that owns Federal Savings Bank. The Boston Bank of Commerce

EAGLE BANK/OLD NAME-EVERETT BANK - EVERETT, MA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	4/5/2000	1.1M	3.39%
Application by Eagle Bank, formerly Everett Bank, to make an additional investment in a wholly-owned subsidiary for the purpose of conducting real estate investment activities. Total investment in the subsidiary would be 3.39% of Tier 1 Leverage Capital. Eagle Bank

CAPE COD COOPERATIVE - YARMOUTH PORT, MA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	4/23/1996	$ 513,100	3.7%
Application to continue to engage in real estate investment activities through a wholly-owned subsidiary. Cape Cod Cooperative Bank

TROY SAVINGS BANK - TROY, NY

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	3/27/2002	$ 5.8M	5.6 %
Application to retain investments, in wholly-owned subsidiaries, which include limited partnership interest in realty property and direct ownership of one condominium unit.

LIBERTY BANK SSB - AUSTIN, TX

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	3/26/2002	1.4M	> 10%
Applicant seeks consent to invest in Historic Rehabilitation Tax Credits (HTC's) to minimize federal income tax lbility. Liberty Bank

CITIZENS BANK OF CLOVIS - CLOVIS, NM

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	3/20/2001	1.4M	8.7%
Apllication to retain and transfer real estate investment to subsidiary.

WATERTOWN SAVINGS BANK - WATERTOWN, NY

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	3/17/1998		2.26%
Application to indirectly continue real estate activities through a wholly-owned subsidiary which holds a 50% ownership interest in apartments. Watertown Savings Bank

CITRUS AND CHEMICAL BANK - BARTOW, FL

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	3/17/1997	1.1M	5.8%
Application to continue to engage in real estate investment activities, through a wholly-owned subsidiary. Citrus and Chemical Bank

HOWARD SAVINGS BANK - GLENVIEW, IL

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	3/16/1995	$ 375,000	4.3%
Application to extend the date of previously approved divestiture plan for parcels of land. Howard Savings Bank

VALLEY VIEW STATE BANK/ WINONA SAVINGS BANK - WINONA, MO

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	3/14/1995	$271,592	5.27
Application to indirectly continue residential real estate investment and development activities through a wholly-owned subsidiary. Winona Savings Bank

BONHAM STATE BANK - BONHAM, TX

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	3/11/2003	$ 340,000	3.99 %
Applicant seeks to transfer certain Bank owned real property to a wholly-owned subsidiary organized under the laws of the State of Texas and to conduct certain real estate investment activities through that entity.

THE PROVIDENT BANK - AMESBURY, MA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Notice	Delegated Authority	3/10/2000	$ 391,500	2%
Application to engage in real estate investment and development activities through a wholly owned subsidiary formed as a limited liability company under Massachusetts law.

FIRST STATE BANK OF CAMPBELL HILL - CAMPBELL HILL, IL

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	3/1/1999	$ 322,545	11.8%
Application to continue to retain, indirectly through a wholly-owned subsidiary, an interest in real estate consisting of long term lease for the purpose of constructing of a "community center", and the lease-back of limited office space to be used as bank premises.

PLANTERS & MERCHANTS - GILLET, AR

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	2/9/1995	$ 115,312	6.1%
Application to continue leasing previously foreclosed-condemned property to the U.S. Postal Service. The activity is conducted through a wholly-owned subsidiary, which was formed in 1986 for the specific purpose of developing this one property deeded to the bank through voluntary foreclosure ("DPC"). Planters & Merchants Bank

TROY SAVINGS BANK - TROY, NY

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	2/11/1997	3.2M	2.67%
Application to retain investments, through wholly-owned subsidiaries. The investments include a limited partnership interest in realty property and direct ownership of one condominium unit. Real estate activities conducted by the bank through the subsidiary are limited to disposing of the assets and no capital infusions into the subsidiary are contemplated. The Bank must dispose of the properties by 12/31/99. The Troy Savings Bank

CITIZENS BANK - BOONEVILLE, AR

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	12/7/1995	$ 293,712	3.95%
Application to continue real estate investment, acquisition and development activities through a wholly- owned subsidiary. The subsidiary holds, improves and markets real estate obtained by the bank through foreclosure proceedings. Citizens Bank

SPRINGFIELD INSTITUTION FOR SAVINGS - SPRINGFIELD, MA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	12/4/1995	17.6M	24.54%
Application to continue holding, indirectly through the bank's wholly owned subsidiaries, certain impermissible real estate investments until December 31, 1997.

HARRIS SAVINGS BANK - HARRISBURG, PA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	12/3/1996	1M	6.5%
Application to continue real estate acquisition and development activities through a wholly-owned subsidiary, despite previously submitted and approved divestiture plan. Harris Savings Bank

SURETY BANK - VALLEJO, CA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	12/26/1996	$270,000	5.4%
Application to indirectly continue real estate investment and leasing activities until December 31, 1996, through a proposed subsidiary. Surety Bank

MCGEHEE BANK - MCGEHEE, AR

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	12/21/1995	$ 750,000	5.5%
Application to continue real estate acquisition, development and leasing activities through a wholly owned subsidiary. McGehee Bank

INTERWEST SAVINGS BANK - OAK HARBOR, WA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	12/21/1995	2.9M	3.4%
Application to continue engaging in real estate investment activities. The Bank does not intend to expand these activities, but intends to divest within three years. InterWest Savings Bank

FARMERS BANK & TRUST - MAGNOLIA, AR

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	12/21/1995	$ 644,247	3.32%
Application to continue to hold, develop and lease two properties through a wholly-owned subsidiary. Farmers Bank & Trust

BEAL BANK, S.S.B. - DALLAS, TX

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	12/19/1995	3M	7.6%
Application to continue to engage in real estate investment, development and leasing activities through a wholly-owned subsidiary, following a 1994 conversion from a state savings association to a SAIF insured state chartered savings bank. Beal Bank

MERCANTILE BANK/MARK TWAIN KANSAS CITY SAVINGS - KANSAS CITY, MO

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	12/15/1995	1M	5.89%
Application to continue real estate investment activities through a subsidiary that, develops and sells homes in a residential subdivision acquired for debts previously contracted ("DPC"). Mark Twain Kansas City Bank

CUMBERLAND BANK - CARTHAGE, TN

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	12/12/1996	$ 535,600	7.8%
Application to continue to hold, through a wholly-owned subsidiary a real estate investment involving the completion of the development of a residential subdivision. Cumberland Bank

MID-AMERICA FSB/NORTHWESTERN SAVINGS & LOAN - CHICAGO, IL

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	12/12/1995	25M	2.05%
Application by bank to engage in real estate investment, development and sales activities through bonafide first and second tier subsidiairies.

COUNTY BANK - MERCED, CA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	12/12/1995	3.7M	25%
Application to continue, real estate investment and development activities until orderly divestiture is completed. The activities conducted through a wholly-owned subsidiary involve the development and bulk sale of residential lots. County Bank

ORITANI SAVINGS BANK - HACKENSACK, NJ

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	12/1/1997	8.7M	14%
Application to continue to hold real estate through two majority-owned subsidiaries. (savings bank after conversion from a savings association) Oritani Savings Bank

HYDE PARK BANK & TRUST COMPANY - CHICAGO, IL

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Notice	Delegated Authority	11/5/2001	2.55M	25.83%
Notice of intent to engage in real estate investment, development and leasing activities through a de-novo wholly owned subsidiary organized under Illinois State law.

CUMBERLAND COUNTY BANK - CROSSVILLE, TN

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	11/2/1995	$ 170,000	2.7%
Application to continue to hold, through a proposed de novo wholly-owned subsidiary a real estate investment consisting of one parcel of land. Cumberland County Bank

MITCHELL SAVINGS BANK - GREENFIELD, WI

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	11/16/1995	1.2M	15.5
Application to engage in real estate investment and development activities through a wholly-owned subsidiary. Mitchell Savings Bank

BANK OF CAVE CITY - CAVE CITY, AR

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	11/14/1995	$ 240,000	7.38%
Application to continue equity investments in real estate following their transfer to a wholly-owned subsidiary. Bank of Cave City

ELDORADO BANK/COMMERCE SECURITY BANK - SACRAMENTO, CA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	11/13/1996	$ 816,000	5.03%
Application to continue real estate investment activities until orderly divestiture is completed. Commerce Security Bank

FARMERS BANK OF PORTAGEVILLE - PORTAGEVILLE, MO

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	10/30/1995	$ 123,000	2.6%
Application to continue to engage in real estate investment activities through a subsidiary, organized to hold real estate acquired DPC. Farmers Bank of Portageville

BERKSHIRE COUNTY SAVINGS BANK - PITTSFIELD, MA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	10/20/1995		2.17%
Application to continue real estate investment, development and leasing activities through two wholly- owned subsidiaries. Berkshire County Savings Bank

CITIZENS STATE BANK - BALD KNOB, AR

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	10/14/1997	$ 138,300	3.30%
Application to continue to engage in real estate investment activities through a wholly-owned subsidiary. Citizens State Bank

CITIZENS FIRST SAVINGS BANK - PORT HURON, MI

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	10/10/1998	$50,859	3.91%
Application to continue to engage in real estate investment activities through a wholly-owned subsidiary, which through its predecessor, became involved in real estate investments as a general partner in the development of a mobile home park. The Bank is applying to retain its 50% partnership interest in the mobile home park as well as increase its investment through a loan between the bank and the subsidiary.

NORWOOD CO-OPERATIVE BANK - NORWOOD, MA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	1/23/1997	1.5M	8.85%
Application to continue real estate activities for the purpose of divestiture of those interests. Norwood Cooperative Bank

BANK OF AGRICULTURE AND COMMERCE - STOCKTON, CA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	1/23/1997	$ 442,549	4.62%
Application to continue real estate investment activities, through a wholly owned subsidiary for purposes of complete divestiture. Bank of Agriculture & Commerce

FIRST SECURITY BANK OF CA, NA/CALIF. STATE BANK - WEST COVINA, CA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	1/23/1996	5.9M	12.7%
Application to continue, real estate investment, acquisition and development activities through two wholly- owned subsidiaries. California State Bank

CLOVIS COMMUNITY BANK - CLOVIS, CA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	1/23/1996	10.8M	70.44%
Application to continue, real estate investment and development activities through wholly-owned subsidiary. Clovis Community Bank

FREMONT BANK - FREMONT, CA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	1/23/1996	7.3M	20%
Denial of application to engage in direct real estate investment activities as principle with order to divest the properties immediately. Approval to conduct real estate activities through a subsidiary with standard Part 362 separateness and capital conditions. Fremont Bank

WEST BEND SAVINGS BANK - WEST BEND, WI

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	1/16/1996	2.2M	17.4%
Application to engage in real estate investment, acquisition, development and sales activities through a wholly-owned subsidiary.

DANVERS SAVINGS BANK - DANVERS, MA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	1/16/1996	3.7M	21.8%
Application to continue to hold through a wholly-owned subsidiary and its second tier subsidiaries real estate investments. The investments involve the acquisition of land for the development of residential housing. Danvers Savings Bank

BANK OF MULBERRY - MULBERRY, AR

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action		$ 496,000	25.87%
Denial of application to conduct real estate investment activities directly as principle, through a majority owned general partnership interest. Bank of Mulberry