Decisions on Bank Applications

Real Estate - Subsidiary structured as limited liability company

Bank may indirectly through a majority owned subsidiary organized as a limited liability company engage in activities under § 24 of the FDI Act.

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%
Application to participate in residential real estate development activities through subsidiary organized as an LLC. Subsidiary will hold 50.1% membership interests in another LLC (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

ST. MARTIN BANK & TRUST COMPANY - ST. MARTINVILLE, LA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Notice	Delegated Authority	9/3/2004	$1,000.00	0.0001%
Bank filed notice to continue to hold certain mineral rights originally acquired in connection with debts previously contracted ("dpc") in a newly created single purpose subsidiary organized as a limited liability company.

BANK OF ABBEVILLE & TRUST COMPANY - ABBEVILLE, LA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Notice	Delegated Authority	9/13/2004	$1,000.00
Bank filed a notice to hold a wholly-owned subsidiary, organized as an LLC real estate that was acquired for debts previously contracted and mineral rights that have been separated from that real estate when the real estate sold. The Bank has sixteen parcels of real estate. The mineral interest represents royalty interest acquired in the 1930's or before.

CITIZEN'S BANK - VILLE PLATTE, LA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Notice	Delegated Authority	9/10/2004	$1.00
Bank seeks approval to hold real estate and mineral rights (including mineral rights separated from the real estate and retained when real estate is sold), that were or will be acquired for debts previously contracted, in a wholly-owned subsidiary, organized as a limited liability company.

THOMASTON SAVINGS BANK - THOMASTON, CT

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	6/6/2001	$ 140,000	2%
Application to continue to hold, a parcel of land through a subsidiary organized as a limited liability company.

BRENTWOOD BANK - BETHEL PARK, PA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	6/30/2004	$400,000	10%
Application to engage residential real estate development through subsidiary organized as limited liability company (LLC) which in turn would invest in another limited liability company

MC BANK & TRUST COMPANY - MORGAN CITY, LA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	4/5/2002	$ 292,229	> 2%
Application to transfer remaining portion of property previously acquired for future bank premises, but subsequently transferred to Other Real Estate, to a wholly owned bank subsidiary.

HOMESTEAD SAVINGS BANK - ALBION, MI

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Notice	Delegated Authority	3/29/2001	$ 300,000	7.33%
Notice of intent to establish subsidiary organized as a limited liability company to acquire real property for the construction, development, and resale of single family residences.

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.

INDUSTRIAL/SECURITY/MISSION/VALLEY VIEW/FIRST BANK - KANSAS CITY, KS

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	2/12/2002		< 2%
Five banks simultaneously filed identical "notices" to form wholly-owned real estate subsidiaries organized as limited liability companies through which they propose to jointly develop their respective interests in a large tract of land.

BANK OF LOUISIANA - NEW ORLEANS, LA

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Board Action	12/21/2001	$ 1.00
b ank seeks to retain a parcel of other real estate, acquired in 1991. The parcel is subject to a life estate interest. Bank of Louisiana

NEW YORK COMMUNITY BANK / ROSLYN SAVINGS BANK - WESTBURY, NY

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	10/3/2003	50M	10%
Application to indirectly engage in real estate activities through two wholly-owned subsidiaries. The real estate activities are currently being conducted by subsidiaries of Roslyn Bancorp, Inc., which entered into a merger agreement in June 2003 with New York Community Bancorp, Inc. Following the merger, New York Community Bank will be the surviving institution and will be the parent company to the

PEOPLES BANK OF FLEMING COUNTY - FLEMINGSBURG, KY

Application or Notice	Board or Delegated Authority	Date of Approval	Amount of Investment	Percent of Tier I Capital
Application	Delegated Authority	1/14/2002	$ 981,088	6.6%
Application for consent to hold four parcels of real estate, necessary to obtain three to five choice acres for a future branch location. Bank has sold two of the lots and a third is being actively marketed.