Decisions on Bank Applications

Real Estate - Leasing (2% of Tier 1 capital or less)

Bank may indirectly through a wholly-owned subsidiary engage in the leasing of real property under certain circumstances involving 2% of Tier 1 Capital or less.

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.

GIBSLAND BANK & TRUST COMPANY - GIBSLAND, LA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	8/3/1999
Application to transfer mineral rights, acquired for debts previously contracted ("DPC") to newly-formed majority-owned subsidiary,

THE FARMERS & MERCHANTS BANK - DYER, TN

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Notice	Delegated Authority	2/11/2005	$111,165	1.85%
Notice of intent to transfer five parcels of real estate held for over ten years to a proposed wholly-owned subsidiary.

FIRST UNITED BANK AND TRUST COMPANY - DURANT, OK

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Notice	Delegated Authority	1/26/2005	$50.00	2%
Notice of intent to transfer real estate and mineral interests acquired for debts previously contracted ("DPC"), to a wholly-owned subsidiary

FIRST CITIZENS BANK & TRUST CO. - RALEIGH, NC

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	8/3/1999		1.64%
Application to allow existing wholly owned subsidiary to continue to hold certain real estate that is leased to an affiliated federal savings bank, Atlantic States Bank, Fort Myers, FL ("ASB") for use as bank premises and to hold other real estate for various corporate purposes.

CENTRAL BANK OF THE LAKE OF THE OZARKS - OSAGE BEACH, MO

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	7/19/2001	$ 227, 175	0.93%
Application to continue to own real estate through a wholly-owned subsidiary. In 1995, the Bank requested permission from the State to acquire a tract of raw land containing approximately 36 acres. The Bank proposed constructing a Bank branch on a portion of the property. Because the owner of the property refused to divide the tract, the Bank was forced to purchase the entire tract. As a condition of approval, the State required the Bank to divest itself of the excess property within 8 years.

BANK OF WINNFIELD & TRUST COMPANY - WINNFIELD, LA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Notice	Delegated Authority	7/13/2004	$4,990.00	1%
Notice of intent to retain one parcel of other real estate which was originally "bank premises" and transferred to the other real estate classification in 1961. The parcel of other real estate has been leased to an insurance agency for the past thirty years.

ARKANSAS BANK & TRUST CO/(REGIONS BANK) - HOT SPRINGS, AR

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	6/21/1995	1.2M	1%
Application by Federal Reserve member bank, to continue equity investments in real estate through a wholly-owned subsidiary. Arkansas Bank and Trust Company

CHASE MANHATTAN BANK - NEW CASTLE, DE

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Notice	Delegated Authority	4/5/1999		2%
Notice by bank of intent to establish subsidiary funded by an equity contribution to make investments in real estate.

BANK OF GREENSBURG - GREENSBURG, LA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	4/13/1995	$ 116,000	1.7%
Application to continue equity investments in real estate. The investments, which consist of two small buildings, will be held by a reactivated to-be-established wholly-owned subsidiary. Bank of Greensburg

MAGYAR SAVINGS BANK - NEW BRUNSWICK, NJ

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	3/26/1996	$ 137,032	1.07
Application to continue real estate investment activities through a subsidiary involving property purchased for future premises, but used as public and private parking lots. Magyar Savings-Bank

CENTENNIAL BANK - OLYMPIA, WA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	3/15/1995	$ 317,900	0.5%
Application to retain its existing real estate investment in a small retail shopping center through its wholly- owned subsidiary. Centennial Bank

FARMERS STATE BANK - WESTMORELAND, KS

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Notice	Delegated Authority	2/28/2001	$ 190,000	1.6%
Notice by bank to establish subsidiary that will construct a 5,000 square foot building for use as the community's only grocery store through a lease arrangement based on 1% of the profit.

APPLE BANK FOR SAVINGS - SCARSDALE, NY

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Notice	Delegated Authority	2/15/2002	$2.7M	0.5%
otice of intent to transfer equity interests in two closed branch offices to a wholly owned subsidiary. The subsidiary proposes to lease the property to non-affiliated third parties.

OAK BROOK BANK - OAK BROOK, IL

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	12/2/1999	$ 100,000	2%
Application to amend previous approval, to engage in development of residential real estate through a wholly-owned subsidiary. The Chicago Regional Office understood the application to be limited to real estate investments within DuPage County, Illinois. The bank intended the application to include real estate investments throughout Illinois. The order was modified to encompass the entire state.

ROYAL BANK OF PA - NARBETH, PA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	11/5/1999	$2,827,900	4.4%
Application to indirectly, through a wholly-owned subsidiary, retain and lease real property purchased in 1986 for future bank premises.

MID-STATE BANK - ARROYO GRANDE, CA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Notice	Delegated Authority	11/17/2000	$ 234,000	> 2%
Application to continue indirectly owning real estate through a wholly owned subsidiary. This authority was granted in perpetuity. There is no impending divestiture date.

SUMMIT BANK - ARKADELPHIA, AR

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Notice	Delegated Authority	11/1/2000	$ 250,000	1.4%
Application to organize real estate subsidiary to conduct real estate investment activities consisting of the acquisition of property to be leased to an educational cooperative with an option to purchase under a capital lease arrangement.

BARDWELL DEPOSIT BANK - BARDWELL, KY

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	10/26/1995	$ 25,000	0.63%
Application to continue to engage in real estate investment and leasing activities through a proposed wholly-owned subsidiary involving a grocery store and 2 1/2 acres adjacent to the store, acquired by deed in lieu of foreclosure. Bardwell Deposit Bank

GREEN POINT BANK - NEW YORK, NY

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	10/25/1995	5.5M	0.50%
Application to divest and transfer real estate investment activities (shopping centers) to proposed wholly- owned subsidiaries. GreenPoint Bank

EVERETT SAVINGS BANK - EVERETT, MA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	10/25/1995	$ 35,000	0%
Application to continue to hold a two story commercial office building through a wholly owned subsidiary with a 25% limited partnership interest. Everett Savings Bank