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Bank Rate News December 30 with BBVA Compass Bank iPhone App

Bank Rate News December 27, 2010

Apple Bank for Savings

New York Community Bank

Atlantic Coast Bank

Massena Savings and Loan

Fifth Third Bank

OneWest Bank, California

Far East National Bank, California

Scott Valley Bank, California

Jonah Bank of Wyoming

Big Horn Federal Savings Bank

Silvergate Bank, CA

The Rawlins National Bank

Balboa Thrift and Loan

Visalia Community Bank

The Apple Valley Bank & Trust Company

Lotus Bank

Level One Bank

Wedbush Bank

Audubon Savings Bank

Kopernik Federal Bank

Bank of Napa

Magyar Bank

Weymouth Bank, Massachusetts

Newfield National Bank New Jersey

City National Bank of Sulphur Springs Texas

Fireside Bank

Saigon National Bank

First Green Bank

Providence Bank, Florida

Central Bank Tampa, Florida

Mother Lode Bank

California General Bank

Manor Bank

American Plus Bank, CA

Coronado First Bank

Oneida Savings

State Bank of Bement

Watertown Savings Bank, MA

Watertown Savings Bank, New York

Oglesby State Bank Texas

Bank of Chestnut

Silver Lake Bank

The First National Bank of Syracuse

Community Capital Bank

Northrim Bank

Newburyport Five Cents Savings Bank

Dakota County State Bank

Avidia Bank

Bank of Fall River

Custer Federal Savings and Loan Association

Adams Bank & Trust

First National Bank of Baldwin County

Renasant Bank

The Village Bank Utah

Wainwright Bank & Trust Company

South Coastal Bank, Massachusetts

The Highlands Bank, Louisiana

First Bancorp

Tompkins Financial Corporation

HomeStreet Bank

Acacia Federal Savings Bank

NOVA Bank & Pennsylvania Business Bank

Century Bank, Massachusetts

Pacific Mercantile Bank

Best CD Rates in Florida

Wells Fargo

AIG Bank

Omni National Bank

State Bank of India

OnBank

Excel National Bank

Intervest National Bank

EverBank

PNC Bank

Zion Bank

Corus Bank

GMAC Bank Profile

SunTrust Bank

Citigroup, Inc

CapitalSource Bank

JPMorgan Chase & Co.

Bank Profiles First Post

Bank Rate News December 30 with BBVA Compass Bank iPhone App

BBVA Compass Annouces iPad App for Online Banking.

BBVA Compass Bank has added an iPad application for mobile banking. BBVA Compass Banks is not alone in generating applications for new mobile banking and online banking services in 2010 but it is certainly one of the few iPad applications released by banks that are available for wide use by the bank’s customers.

The BBVA Compass Mobile Banking (PD) was released on Dec. 23, 2010. BBVA Compass also offers mobile banking applications designed for Android operating system mobile phones, BlackBerry phones and iPhone users.

The iPad application, which is a free resource produced by the bank, allows users to manage a variety of their BBVA Compass accounts including deposits accounts, loans and credit cards.

Features that can be found on the BBVA’s iPad application is a tool that lets the banks customers scroll through images of cleared checks. The app users can also see their checking account balances, review bank statements, view posted and pending transactions, transfer funds between BBVA Compass accounts and locate BBVA Compass bank branch locations.

The press release provided by BBVA Compass has a quote from Alex Carriles the banks’ SVP and director of mobile and internet strategies in which he sates, “Once you see the graphical display of your financial information, flip through your checks with a simple gesture, review the colorful renderings of your bank statements or the transaction receipts for your credit card charges, you soon realize this is no ordinary on-line banking application. Our goal is to make mobile banking an enjoyable user experience, and fully embrace the iPad Human Interface.”

BBVA Compass is a regional bank that currently ranks as the 30th largest bank in the U.S. based on assets. BBVA Compass operates 717 bank branches with 382 bank branch locations in Texas, 92 in bank branches in Alabama, 65 in bank branches in California, 77 in branches Arizona, 45 in branches Florida, 36 in branches in Colorado and 20 in New Mexico.

To find information on online bank checking accounts please see Online Checking Accounts or to find information on bank deals and promotions see Bank Deals. To find information on current checking account promotions see Checking Account Promotions. To review the best high interest checking accounts go to Interest Checking Accounts.

Bank Rate News December 27, 2010

Summary of current bank rate news for December 27, 2010.

On Saturday, Dec. 25, China’s central bank announced an increase in the one year bank lending and bank deposit interest rates. The People’s Bank of China said that it will hike the benchmark interest rate by 25 basis points beginning Sunday, which raised the one year bank lending rate to 5.81 percent and the one year bank deposit rate to 2.75 percent. This is the second rate increase in China this year which has been accompanied by several increases in the bank reserve requirement ratio for commercial banks. The main impetus to the bank rate and reserve requirement changes is accelerating inflation within the country. The government’s main gauge of inflation, accelerated to a 28 month high in November to a rate of 5.1 percent.

Meredith Whitney has been hitting the media circuit with her prediction that a number of municipal bond issuances will go into default. Whitney has stated she expects to see between 50 to 100 significant defaults in municipal bonds in 2011 valued in the hundreds of billions of dollars. Of course, this prediction has met with a great deal of skepticism as well. Meredith Whitney garners a great deal of attention when speaking about banks and finance due to her early predictions on the financial crisis and bank problem loan portfolios.

GE Capital announced it is selling its Mexican consumer mortgage portfolio to Banco Santander which is valued at roughly $2.00 billion. Banco Santander is based in Spain and is one of the world’s largest banks. Banco Santander activities in the U.S. are primarily through its retail banking entity; Sovereign Bank. The mortgage portfolio sale to Banco Santander makes it one of the biggest mortgage providers in Mexico.

The U.S. Treasury has a whole truck load of bills and bonds scheduled to be auctioned off this week. The Treasury will sell $29 billion in three month and $28 billion in six month bills on Monday. The Treasury will also be selling $35 billion in two year notes Monday followed by $35 billion in five year Treasury notes on Tuesday and $29 billion in seven year Treasury notes on Wednesday.

Key links for information on the above bank rates include; 6 month CD rates, 1 year CD rates, 2 year CD rates and 5 year CD rates, 30 year mortgage rates table 15 year mortgage rates, table CD rates California, CD rates New Jersey, CD rates New York, CD rates Florida, CD rates Washington, CD rates Illinois, CD rates Virginia, credit cards as well as Chase Bank Promotions, Citibank Promotion, Interst Checking Accounts and Best Rates on CDs.

Apple Bank for Savings

Apple Bank for Savings opened for business in New York back in 1863 and has been FDIC insured since 1943.  Apple Bank for Savings is chartered as a FDIC Savings Bank.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  Apple Bank operates 51 full service bank branch locations throughout greater New York.

As of the end of 2009, the bank had approximately 640 total full-time equivalent employees.  At this time the bank had total assets of $7,291,269,000 and total deposits of $5,918,766,000.  For the full year, the bank had a net income of $20,033,000.

Apple Bank for Savings most recent performance ratios.
As of December 31, 2009:

Yield on earning assets 3.07% 
Cost of funding earning assets 1.60% 
Net interest margin 1.47%
Return on assets (ROA) 0.30%
Return on equity (ROE) 3.32%
Noncurrent loans to loans 0.12%
Equity capital to assets 8.67% 
Core capital (leverage) ratio 9.58% 
Tier 1 risk-based capital ratio 28.52% 
Total risk-based capital ratio 28.90%
 
Apple Bank for Savings products and services:

Apple Bank for Savings offers a variety of checking accounts including free checking and interest bearing checking accounts, savings accounts, money market accounts, certificates of deposit, Individual Retirement Accounts, mortgage loans, home equity loans, home equity lines of credit, personal loans, credit cards, online banking, as well as a whole host of business services that includes small business checking, business checking, business savings and merchant services.

Apple Bank for Savings branch bank locations:

The headquarters for Apple Bank for Savings is located at:  
              1395 Northern Boulevard
              Manhasset, New York  11030

For a complete list of Apple Bank branch locations please visit our Bank Directory

Apple Bank for Savings web address: www.applebank.com

New York Community Bank

New York Community Bank, a New York State-chartered savings bank was established in 1859 and serves customers in New York, New Jersey, Ohio, Florida, and Arizona.  New York Community Bank is chartered as a FDIC Savings Bank. The bank has been FDIC insured since July 1, 1943.  The primary regulator is the Federal Deposit Insurance Corporation (FDIC).  New York Community Bank is headquartered in Westbury, New York.

As of September 30, 2009, New York Community Bank had a total of 1,582 full-time equivalent employees, total bank assets were $30,848,287,000.00, total bank deposits stood at $12,885,437,000.00 and net operating income was $280,685,000.00.

New York Community Bank most recent performance ratios.
As of September 30, 2009:

Yield on earning assets 5.69% 
Cost of funding earning assets 2.62% 
Net interest margin 3.08%
Noncurrent loans to loans 1.86%
Equity capital to assets 13.69% 
Core capital (leverage) ratio 7.41% 
Tier 1 risk-based capital ratio 11.02% 
Total risk-based capital ratio 11.52%
 
New York Community Bank products and services:

New York Community Bank primarily engages in traditional bank activities of generating deposits and originating loans.  New York Community Bank serves consumers, small and mid-size businesses, professional associations as well as government agencies.  New York Community Bank deposit products include checking accounts, money market accounts, savings accounts, certificates of deposit, individual retirement accounts, NOW accounts and non-interest bearing demand deposit accounts.  New York Community Bank lending activities include residential mortgages, home equity loans, multifamily loans, commercial real estate and construction loans, and commercial and industrial loans.  New York Community Bank also provides cash management, online banking, automated teller machine (ATM), and telephone banking services, as well as other financial services, including insurance, annuities, and mutual funds of various third-party service providers. 

New York Community Bank branch bank locations:

With the recent acquisition of AmTrust Bank, New York Community Bank serves customers in New York, New Jersey, Ohio, Florida, and Arizona.

In New York, the bank operates Queens County Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, Roslyn Savings Bank and New York Community Bank.  In New Jersey, the bank operates Garden State Community Bank. And now operates the bank branches of AmTrust Bank in Ohio, Florida, and Arizona through 66 branch offices.

New York Community Bank web address: www.mynycb.com

Atlantic Coast Bank

Atlantic Coast Bank is a federally chartered mutual thrift or savings association. Therefore the primary regulator is the Office of Thrift Supervision (OTS).  The bank was established on March 27, 1939.  Atlantic Coast Bank has been FDIC insured since November 1, 2000

As of June 31, 2009, Atlantic Coast Bank had a total of 175 full-time equivalent employees, total bank assets were $ 985,716,000.00, total bank deposits stood at $632,744,000.00 and the bank incurred a net operating loss of $ -6,841,000.00.

Atlantic Coast Bank most recent performance ratios.
As of June 31, 2009:

Yield on earning assets 5.48% 
Cost of funding earning assets 3.13% 
Net interest margin 2.35%
Noncurrent loans to loans 5.33%
Equity capital to assets 7.26% 
Core capital (leverage) ratio 6.24% 
Tier 1 risk-based capital ratio 10.07% 
Total risk-based capital ratio 11.13%

Atlantic Coast Bank products and services:

Atlantic Coast Bank is chartered by the federal government as a savings association primarily to accept savings and/or demand deposits from the general public, and to invest those savings in loans primarily for commercial, residential real estate, and consumer loans.  The bank offers a variety of checking accounts, savings accounts, individual retirement accounts, money market accounts, certificates of deposits, consumer loans, home equity loans, real estate mortgages for home purchases and refinances, investment products, business checking accounts, business savings accounts, commercial loans, and online banking.

Atlantic Coast Bank branch bank locations:

Waycross Main
505 Haines Avenue
Waycross, GA 31501
Phone: (912)283-4711
Toll-free: (800)342-2824

Memorial Drive
2110 Memorial Drive
Waycross, GA 31501
Phone: (912)283-4711
Toll-free: (800)342-2824

Douglas
1390 South Gaskin Avenue
Douglas, GA 31533
Phone: (912)283-4711
Toll-free: (800)342-2824

Garden City
213 Highway 80 West
Garden City, GA 31408
Phone: (912)964-4533
Toll-free: (800)342-2824

Deerwood
10328 Deerwood Park Boulevard
Jacksonville, FL 32256
Phone: (904) 998-5500
Toll-free: (800)342-2824

Jax Beach
1700 South 3rd Street
Jacksonville Beach, FL 32250
Phone: (904) 998-5500
Toll-free: (800)342-2824

Julington Creek
2766 Race Track Road
Jacksonville, FL 32259

Lake City
463 West Duval Street
Lake City, FL 32055
Phone: (386) 752-8850
Toll-free: (800)342-2824

Neptune Beach
1425 Atlantic Blvd
Neptune Beach, FL 32266
Phone: (904) 998-5500
Toll-free: (800)342-2824

Normandy
8048 Normandy Boulevard
Jacksonville, FL 32221
Phone: (904) 998-5500
Toll-free: (800)342-2824

Orange Park
1567 Kingsley Avenue
Orange Park, FL 32073
Phone: (904) 998-5500
Toll-free: (800)342-2824

University
930 North University Boulevard
Jacksonville, FL 32211
Phone (904) 998-5500
Toll-free: (800)342-2824

Atlantic Coast Bank web address: www.atlanticcoastbank.net

Massena Savings and Loan

Massena Savings and Loan has been in operation for over 75 years in New York state.  Massena Savings and Loan serves the people of the North Country New York including Massena, New York and its surrounding communities.  Massena Savings and Loan has been FDIC insured since October 14, 1949.  The bank was established on January 1, 1924.  Massena Savings and Loan is chartered as a Savings Association.  Therefore the primary regulator is the Office of Thrift Supervision (OTS).

As of June 31, 2009, the bank had a total of 18 full-time equivalent employees, total bank assets were $132,103,000.00 total bank deposits stood at $95,424,000.00 and net operating income was $489,000.00.

Massena Savings and Loan most recent performance ratios.
As of June 31, 2009:

Yield on earning assets 6.47% 
Cost of funding earning assets 3.25% 
Net interest margin 3.22%
Noncurrent loans to loans 1.08%
Equity capital to assets 9.68%
Core capital (leverage) ratio 9.68% 
Tier 1 risk-based capital ratio 15.71% 
Total risk-based capital ratio 16.55%
 
Massena Savings and Loan products and services:

Massena Savings and Loan is a savings association that was formed with the primary emphasis on traditional banking and home loan lending.  Current bank products and services include: N.O.W. accounts, checking accounts, free checking, savings accounts, money market accounts, certificates of deposit, and several types of loans including conventional real estate mortgages, home equity lines of credit, passbook certificate notes, consumer loans, home improvement loans, auto loans and more.  The bank also offers free online banking & bill pay, Visa check/debit cards, drive-up ATM, drive-in facilities, money orders, night deposit vault, bank-by-mail, safe deposit boxes and other service.

Massena Savings and Loan branch bank locations:

Massena Savings and Loan
255 Main Street
Massena, NY 13662
Phone:  315-764-0541
Fax:  315-769-6542

Massena Savings and Loan
155 Lincoln Street
Waddington, NY 13694
Phone: 315-388-4970
Fax: 315-388-4973

Massena Savings and Loan web address: www.massenasavingsloan.com

Fifth Third Bank

Fifth Third Bancorp is a bank holding company that is part of a diversified financial services firm headquartered in Cincinnati, Ohio.  Fifth Third Bank has it’s origins with the Bank of the Ohio Valley, which opened its doors in Cincinnati in 1858.  The present company is the result of numerous mergers and acquisitions since that time. 

Fifth Third Bancorp operates 16 different affiliates with approximately 1,306 full-service banking centers.  Fifth Third Bank has facilities located in the following states: Ohio, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, Missouri, North Carolina, Pennsylvania, Tennessee and West Virginia.

Fifth Third Bank is chartered as a Federal Reserve Member.  Therefore the primary regulator is the Federal Reserve Board.  Fifth Third Bank has been FDIC insured since January 1, 1934.

As of June 30, 2009 Fifth Third Bank had approximately 13,154 full time equivalent employees, total assets of $64,601,116,000.00, total deposits of $42,851,414,000.00 and net operating income of $1,367,552,000.00.

Fifth Third Bank most recent performance ratios.
As of June 30, 2009:

Yield on earning assets 4.66% 
Cost of funding earning assets 1.09% 
Net interest margin 3.57%
Noncurrent loans to loans 2.81%
Equity capital to assets 10.46% 
Core capital (leverage) ratio 9.81% 
Tier 1 risk-based capital ratio 11.44% 
Total risk-based capital ratio 14.16%
 
Fifth Third Bank products and services:

Fifth Third operates four main businesses: commercial banking, branch banking, consumer lending, and investment advisors.  Fifth Third provides a full range of deposit and lending products to individuals and small businesses in 12 states in the Midwest and Southeast.  Fifth Third consumer banking includes traditional banking services and products such as; checking accounts, savings accounts, money market accounts, certificates of deposit, loan products including real estate secured mortgages, home equity loans and lines, and federal and private student education loans.  The business banking division provides a wide variety of deposit and lending products to small business customers including loans, treasury management products, employee savings plans and employee banking needs. 

Fifth Third Bank branch bank locations:

Fifth Third Bank has over 1,000 bank branches in 12 states.

Fifth Third Bank web address:  www.53.com.

OneWest Bank, California

OneWest Bank, FSB offers personal and commercial banking services through a network of bank branches in California.  The bank was formed in March of 2009 at that time it acquired the assets of Indymac Federal Bank as part of a government assisted transaction.  OneWest Bank is headquartered in Pasadena, California.  OneWest Bank, FSB is chartered as a Savings Association.  Therefore the primary regulator is the Office of Thrift Supervision (OTS).

As of June 30, 2009, the bank had approximately 2,107 full-time equivalent employees, total bank assets were $16,994,227,000 total bank deposits stood at $6,942,540,000 and net operating income was $377,260,000.

OneWest Bank most recent performance ratios.
As of June 30, 2009:

Yield on earning assets 7.16% 
Cost of funding earning assets 1.94% 
Net interest margin 5.22%
Noncurrent loans to loans 23.39%
Equity capital to assets 11.88% 
Core capital (leverage) ratio 11.01% 
Tier 1 risk-based capital ratio 27.07% 
Total risk-based capital ratio 28.33%
 
OneWest Bank products and services:

OneWest operates as a regional bank, focused on deposits and conforming and jumbo mortgage lending for its retail customers in Southern California.  OneWest also operates the national mortgage banking business acquired from IndyMac.  OneWest also operates Financial Freedom, one of the nation’s largest reverse mortgage businesses which was acquired with the Indymac transaction.  Banking products and services include: checking accounts, savings accounts, money market accounts, certificates of deposits, retirement accounts, mortgage loans including reverse mortgages, online banking as well as institutional banking.

OneWest Bank branch bank locations:

The bank has 33 retail branches in Southern California
Corporate headquarters are located at:

OneWest Bank
888 East Walnut Street
Pasadena, CA 91101
Telephone: (800) 669-2300

OneWest Bank web address:   www.onewestbank.com

Far East National Bank, California

Far East National Bank is a California based bank.  The bank was founded in 1974 as the first federally chartered Asian American bank in the United States.  Far East National Bank became a wholly-owned subsidiary of Taiwan’s Bank SinoPac since 1997.  SinoPac Holdings has total assets of $34 billion, serving customers throughout Asia and North America from over 220 service locations.  Far East National Bank is chartered as a National Bank.  Far East National Bank has been FDIC insured since December 9, 1974.  The primary regulator is the Office of the Comptroller of the Currency (OCC).

At the end of March 31, 2009 Far East National Bank had 341 full time equivalent employees, total assets of $2,115,391,000.00, total deposits of $1,605,410,000.00 and net operating loss of -$7,141,000.00.

Far East National Bank most recent performance ratios.
As of March 31, 2009:

Yield on earning assets 4.58% 
Cost of funding earning assets 2.50% 
Net interest margin 2.08%
Noncurrent loans to loans 3.90%
Equity capital to assets 9.26% 
Core capital (leverage) ratio 7.56% 
Tier 1 risk-based capital ratio 10.17% 
Total risk-based capital ratio 11.43%
 
Far East National Bank products and services:

Far East National Bank offers checking accounts, savings accounts, money market accounts and certificate of deposit accounts with competitive California CD rates for businesses and consumers.  The bank also offers mortgage, home equity, and credit loans for individuals.  The company also provides commercial real estate, small business, asset based financing, syndication, trade finance, and term and revolving credit loans for businesses.  In addition, it offers online banking and investment services, as well as provides credit cards.  Further, the company provides cash management, foreign exchange trading, and interest rate hedging services.

Far East National Bank also offers corporate advisory and capital services through the Bank’s wholly-owned subsidiary, Far East Capital Corporation.  Far East Capital Corporation engages in corporate advisory services to emerging and high growth companies and obtains corporate mandates to raise equity capital, senior debt, and mezzanine debt in support of clients’ business plans.

Far East National Bank branch bank locations:

Two California Plaza
350 South Grand Avenue, Suite 4100
Los Angeles, CA 90071
Tel: (213) 687-1200
Fax: (213) 687-8511

105 East Valley Boulevard, Lobby Level
Alhambra, CA 91801
Tel: (626) 293-3100
Fax: (626) 284-7636

635-637 West Duarte Road
Arcadia, CA 91007
Tel: (626) 821-3300
Fax: (626) 821-3301

17851 Colima Road, Suite B
City of Industry, CA 91748
Tel: (626) 854-8450
Fax: (626) 854-2824

15333 Culver Drive, Suite 640
Irvine, CA 92604
Tel: (949) 936-1100
Fax: (949) 262-0905

977 North Broadway, Lobby Level
Los Angeles, CA 90012
Tel: (213) 687-1300
Fax: (213) 680-1535

Two California Plaza
350 South Grand Avenue, Lobby Level
Los Angeles, CA 90071
Tel: (213) 687-1260
Fax: (213) 626-3884

809 South Atlantic Boulevard, Suite 101
Monterey Park, CA 91754
Tel: (626) 293-5100
Fax: (626) 284-1077

600 South Lake Avenue, Suite 100
Pasadena, CA 91106
Tel: (626) 397-6300
Fax: (626) 577-5526

10465 South De Anza Boulevard
Cupertino, CA 95014
Tel: (408) 342-8000
Fax: (408) 342-8001

46560 Fremont Boulevard, Suite 403
Fremont, CA 94538
Tel: (510) 790-8500
Fax: (510) 713-1325

1423 Broadway
Frank Ogawa Plaza
Oakland, CA 94612
Tel: (510) 267-6800
Fax: (510) 267-6801

500 Montgomery Street
San Francisco, CA 94111
Tel: (415) 986-2300
Fax: (415) 986-8839

2001 Gateway Place, Suite 101-E
San Jose, CA 95110
Tel: (408) 487-0320
Fax: (408) 487-0333

Far East National Bank web address:  www.fareastnationalbank.com

Scott Valley Bank, California

Scott Valley Bank is California’s oldest independent bank.  The bank was established in 1912 and has been FDIC insured since January 1, 1934.  Scott Valley Bank is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).

As of March 31, 2009 Scott Valley Bank had approximately 113 total full-time equivalent employees.   The bank had total assets of $420,202,000, total deposits of $347,980,000 and a net operating income $748,000.

Scott Valley Bank most recent performance ratios.
As of March 31, 2009:

Yield on earning assets 5.46% 
Cost of funding earning assets 1.22% 
Net interest margin 4.24%
Net charge-offs to loans 0.27%
Equity capital to assets 12.18% 
Core capital (leverage) ratio 12.26% 
Tier 1 risk-based capital ratio 13.44% 
Total risk-based capital ratio 14.60%

Scott Valley Bank products and services:

Scott Valley Bank offers personalized banking services for consumers and businesses.  The bank offers several different checking accounts including basic checking accounts and interest bearing checking accounts, money market accounts, certificates of deposit, savings accounts, IRA’s, health savings accounts, personal loan services, home equity loans, auto loans, RV loans, mortgages, lot loans, business loans, business checking accounts, business savings accounts, business money market accounts and business certificates of deposit.  The company also offers banking online, telephone banking, cash management, and equipment leasing services.

Scott Valley Bank branch bank locations:

Santa Clara 
5201 Great America Parkway, Suite 333
Santa Clara, CA 95054 
(408) 653-1200 

Oakland  
1111 Broadway, Suite 1510
Oakland, CA 94607 
(510) 625-7850  

Walnut Creek 
1500 No. California Blvd.
Walnut Creek, CA 94596 
(925) 944-0180 

Redding 
185 Hartnell Ave.
Redding, CA 96002 
(530) 221-2000 

Shingletown  
31285 Hwy. 44, St. H
Shingletown, CA 96088 
(530) 474-1331 

Weaverville 
530 Main St.
Weaverville, CA 96093 
(530) 623-2732 

Mount Shasta 
142 Morgan Way
Mt. Shasta, CA 96067 
(530) 926-3151 

Weed
375 So. Weed Blvd.
Weed, CA 96094 
(530) 938-5410 

Yreka 
515 So. Broadway
Yreka, CA 96097 
(530) 842-6141 

Fort Jones 
11906 Main St.
Ft. Jones, CA 96032 
(530) 468-2242 

Etna 
424 Main St.
Etna, CA 96027 
(530) 467-3211 

Happy Camp
63729 Hwy. 96
Happy Camp, CA 96039 
(530) 493-2281 

Medford Loan Center 
10 Crater Lake Ave.
Medford, OR 97504 
(541) 770-3177 

Administrative Services 
2544 West Side Road
P. O. Box 69Yreka, CA 96097 
(530) 842-5701 

Loan Services 
2544 West Side Road
P. O. Box 69
Yreka, CA 96097 
(530) 842-5701 

Scott Valley Bank Holding Company
Learner Financial Corp.  
1500 No. California Blvd.
Walnut Creek, CA 94596 
(925) 934-1601 

Scott Valley Bank web address: www.scottvalleybank.com.

Jonah Bank of Wyoming

Jonah Bank of Wyoming offers personal and commercial banking services.  The bank was founded in 2006 and is based in Casper, Wyoming.  Jonah Bank of Wyoming has been FDIC insured since July 31, 2006.  Jonah Bank of Wyoming is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). 

At the end of March 31, 2009 Jonah Bank of Wyoming had 34 full time equivalent employees, total assets of $144,482,000.00, total deposits of $130,258,000.00 and net operating income of $463,000.00.

Jonah Bank of Wyoming most recent performance ratios.
As of March 31, 2009:

Yield on earning assets 4.92% 
Cost of funding earning assets 0.41% 
Net interest margin 4.51%
Noncurrent loans to loans 0%
Equity capital to assets 9.61% 
Core capital (leverage) ratio 9.66% 
Tier 1 risk-based capital ratio 14.05% 
Total risk-based capital ratio 15.28%

Jonah Bank of Wyoming products and services:

Consumer products and services include; free checking accounts, interest bearing checking accounts, savings accounts, money market accounts, certificates of deposit, mortgages, lot loans, construction loans, VA, FHA, affordable housing loan programs, bridge loans, home equity loans and lines of credit, overdraft protection, vehicle loans, wire transfers – domestic and international, direct deposits, cashiers checks, notary service, night depository, gift cards, online banking and bill pay.  Business and commercial products include; business checking, business savings, business money market accounts, business certificates of deposit, cash management accounts, professional lines of credit, operating lines of credit, term loans, equipment loans, real estate loans, construction loans, Small Business Administration (SBA) loans, letters of credit, agricultural loans, acquisition loans, letters of credit, payroll and remote deposit capture.

Jonah Bank of Wyoming branch bank locations:

777 West 1st Street
Casper, Wyoming 82601
Phone: 307-237-4555
Fax: 307-237-4557
Bottom of Form

3001 E. Pershing Blvd., Ste 100
Cheyenne, Wyoming 82001
Phone: 307-773-7800
Fax: 307-637-2894

Jonah Bank of Wyoming web address:  www.jonahbank.com.

Big Horn Federal Savings Bank

Big Horn Federal Savings Bank is a mutual savings bank headquartered in Greybull, Wyoming with five additional full service bank branches in the surrounding region.  The bank was established on January 1, 1935 and has been FDIC insured since February 28, 1936.  Big Horn Federal Savings Bank is chartered as a Savings Association. Therefore the primary regulator is the Office of Thrift Supervision (OTS).

As of March 31, 2009 the bank had 52 total full-time equivalent employees, total assets of $166,756,000, total deposits of $144,141,000 and net operating income of $150,000.

Big Horn Federal Savings Bank most recent performance ratios.
As of March 31, 2009:

Yield on earning assets 5.04% 
Cost of funding earning assets 1.69% 
Net interest margin 3.35%
Noncurrent loans to loans 0.77%
Equity capital to assets 9.89% 
Core capital (leverage) ratio 9.51% 
Tier 1 risk-based capital ratio 19.29% 
Total risk-based capital ratio 20.13%

Big Horn Federal Savings Bank products and services:

The ban offers a wide variety of checking and savings accounts including; regular checking accounts, interest earning checking accounts, money market accounts, certificates of deposit, IRAs, health savings accounts, corporate checking accounts, passbook savings accounts, student savings accounts and Christmas club accounts.  The bank also offers an assortment of loan products including; home loans, auto loans, home equity loans, home improvement loans, personal loans, commercial loans, agricultural loans.  The bank provides Internet banking and bill payment, Visa debit cards, telephone banking, direct deposit, Traveler’s Cheques and gift cards.

Big Horn Federal Savings Bank branch bank locations:

Greybull (Main Office)
33 North 6th
Greybull, Wyoming
(307) 765-4412

Cody
1701 Stampede Ave.
Cody, Wyoming
(307) 587-5521

Lovell
P.O. Box 218
8 East Main
Lovell, Wyoming
(307) 548-2703

Powell
P.O. Box 821
151 East 1st Street
Powell, Wyoming
(307) 754-9501

Thermopolis
643 Broadway
Thermopolis, Wyoming
(307) 864-2156

Worland
1006 Big Horn Ave.
Worland, Wyoming
(307) 347-6196

Big Horn Federal Savings Bank web address:  www.bighornfederal.com

Silvergate Bank, CA

Silvergate Bank offers banking services in California.  The company is based in La Jolla, California, with additional branches in Riverside, Lancaster, and La Mesa, California.  It was established on August 26, 1988.  Silvergate Bank has been FDIC insured since August 26, 1988.  Silvergate Bank is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).

As of March 31, 2009, Silvergate Bank had a total of 41 full-time equivalent employees, total bank assets were $324,883,000, total bank deposits stood at $225,110,000 and net operating income was a loss of -$506,000.

Silvergate Bank most recent performance ratios.
As of March 31, 2009:

Yield on earning assets 6.73% 
Cost of funding earning assets 3.20% 
Net interest margin 3.54%
Noncurrent loans to loans 1.80%
Equity capital to assets 9.93% 
Core capital (leverage) ratio 10.06% 
Tier 1 risk-based capital ratio 15.12% 
Total risk-based capital ratio 16.37%
 
Silvergate Bank products and services:

Silvergate Bank offers an array of personal checking accounts, savings accounts, money market accounts, certificate of deposit accounts and business checking, savings and certificates of deposit.  The bank provides commercial real estate loans, small business loans, residential mortgage programs as well as reverse mortgage programs.  The bank also offers prepaid debit cards, gift cards and online banking.

Silvergate Bank branch bank locations:

La Jolla Branch
4275 Executive Square,
Suite 800
La Jolla, CA 92037-1492
Phone:  858.362.6300
Fax: 858.362.6322

La Mesa Branch
8211 La Mesa Boulevard
La Mesa, CA 91941
 Toll Free: 888.581.1164
Phone:  619.460.2265
Fax: 619.460.3299

Riverside Branch
3692 Sunnyside Drive
Riverside, CA 92506
 Toll Free: 800.353.6436
Phone:  951.686.5230
Fax: 951.686.5291

Lancaster Branch
539 West Lancaster Boulevard
Lancaster, CA 93534
 Toll Free: 800.597.6955
Phone:  661.945.6955
Fax: 661.942.5891

Silvergate Bank web address: www.silvergatebank.com

The Rawlins National Bank

The Rawlins National Bank is headquartered in Rawlins, Wyoming.  It is the largest independent bank in Carbon County, with five offices located in Rawlins, East Rawlins, Saratoga, Hanna, and Longmont, Colorado.  The bank was established on January 1, 1898 and has been FDIC insured since January 1, 1934.  The Rawlins National Bank is chartered as a National Bank.  Therefore the primary regulator is the Office of the Comptroller of the Currency (OCC).

As of March 31, 2009 The Rawlins National Bank had a total of 59 full-time equivalent employees.  As of March 31, 2009 the total bank assets were $150,993,000, total bank deposits were $126,205,000 and net operating income was $154,000.

The Rawlins National Bank most recent performance ratios.
As of March 31, 2009:

Yield on earning assets 5.46% 
Cost of funding earning assets 1.10% 
Net interest margin 4.36%
Noncurrent loans 1.98%
Net charge-offs to loans 0.49%
Equity capital to assets 10.01% 
Core capital (leverage) ratio 9.58% 
Tier 1 risk-based capital ratio 12.07% 
Total risk-based capital ratio 13.19%

The Rawlins National Bank products and services:
 
Rawlins National Bank is a full service bank offering the following services: free checking accounts, checking accounts, business checking accounts, money market accounts, certificates of deposits, savings accounts, IRA’s, merchant services, ACH origination, interest bearing checking accounts, children savings accounts, auto loans, home improvement loans, home equity loans, home mortgage loans, revolving credit, recreational loans, commercial loans, agricultural loans, real estate loans, small business loans, online banking, ATM Cards, debit cards, automatic loan payments, safety deposit boxes, wire transfers, cash advances, cashier checks, traveler cheques, money orders, over draft protection, direct deposit, savings bonds, ATM and direct payment.

The Rawlins National Bank branch bank locations:

220 Fifth Street
Rawlins, WY 82301
Phone (307) 324-2203
Toll Free (800) 788-9479

600 North Higley Boulevard (287 Bypass)
Rawlins, WY 82301
Phone (307) 324-1180

209 South First Street
Saratoga, WY 82331
Phone (307) 326-8314
Toll Free (866) 423-2121

403 South Adams
Hanna, WY 82327
Phone (307) 325-9007

2001 North Main Street
Longmont, CO 80501
Phone (303) 772-2296 or (800) 331-7923

The Rawlins National Bank web address: www.rnbonline.com

Balboa Thrift and Loan

Balboa Thrift and Loan is headquartered in Chula Vista, CA.  The bank offers personal and commercial banking services.  The bank was established on December 11, 1980.  Balboa Thrift and Loan Association has been FDIC insured since July 3, 1986.  The bank is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).

As of march 31, 209 the bank had a total of 78 full-time equivalent employees.  Total bank assets on March 31, 2009 were $205,234,000, total bank deposits were $185,628,000 and net operating income was $128,000.

Balboa Thrift and Loan most recent performance ratios.
As of March 31, 2009:

Yield on earning assets 11.61% 
Cost of funding earning assets 3.62% 
Net interest margin 7.99%
Noncurrent loans to loans 1.33%
Equity capital to assets 8.85% 
Core capital (leverage) ratio 8.78% 
Tier 1 risk-based capital ratio 9.20% 
Total risk-based capital ratio 10.47%

Balboa Thrift and Loan products and services:

The bank’s services include checking accounts and savings accounts, online banking and bill pay, ATM, safe deposit boxes, individual retirement accounts, certificates of deposit;  home equity loans, mortgage loans, personal, and auto loans, as well as lines of credit.
 
Balboa Thrift and Loan branch bank locations:

Balboa Thrift and Loan
865 Amena Court
Chula Vista, CA  91910
Phone: (619) 397-7700
Fax: (619) 397-7687

306 Yale Avenue
Claremont, CA  91711
Phone: (909) 398-4441
Fax: (909) 398-4444

4620 California Avenue
Bakersfield, CA  93309
Phone: (661) 631-4373
Fax: (661) 631-4375

79-440 Corporate Center Dr.
La Quinta, CA  92253
Phone: (760) 777-1677
Fax: (760) 777-4647
Toll Free: (888) 700-7059

7060 N. Marks Ave. Ste 107
Fresno, CA 93711
Phone: (559) 448-8553
Fax: (559) 448-8515

Balboa Thrift and Loan web address: www.balboathrift.com

Visalia Community Bank

Visalia Community Bank has been in business since 1977.  The bank is headquartered in Visalia, California.  The bank has four bank branches in Visalia, one bank branch is Exeter as well as a home lending center in Visalia.  Visalia Community Bank has been FDIC insured since August 1, 1977.  Visalia Community Bank is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  As of December 31, 2008 the bank has approximately 79 total full-time equivalent employees, total assets stood at $196,280,000, total deposits were $164,113,000 and net income was $1,422,000.

Visalia Community Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 6.73% 
Cost of funding earning assets 1.31% 
Net interest margin 5.42%
Noncurrent loans to loans 2.61%
Equity capital to assets 8.99% 
Core capital (leverage) ratio 8.80% 
Tier 1 risk-based capital ratio 10.60% 
Total risk-based capital ratio 11.86%

Visalia Community Bank products and services:

Visalia Community Bank offers a variety of personal bank products and services as well as business products and services.  These accounts and services include: checking accounts, free checking accounts, interest bearing checking accounts, savings accounts, money market accounts, certificates of deposits, Individual Retirement Accounts, car loans, RV loans, boat loans, personal loans, home loans, home equity loans, credit cards, internet banking, online bill pay, overdraft protection, business checking accounts, non profit checking accounts, business savings accounts, business money market accounts, business certificates of deposit,  business loans, working capital loans, equipment financing, commercial land loans, merchant credit card services, tax deposit service, wire transfers and more.

Visalia Community Bank branch bank locations:

120 North Floral St
Visalia, CA  93291
559-625-8733

5412 Avenida de los Robles
Visalia, CA  93291
559-730-2851

2245 West Caldwell Ave.
Visalia, CA  93277
559-737-5641

2136 North Dinuba Blvd.
Visalia, CA  93291
559-737-5667

300 East Pine St.
Exeter, CA  93221
559-594-9919

Home Loan Center
2245 West Caldwell Ave.
Visalia, CA  93277
559-738-5404

Visalia Community Bank web address: www.vcb.com

The Apple Valley Bank & Trust Company

Apple Valley Bank & Trust Company is based in Cheshire, Connecticut.  The bank has three branches in the region.  The bank was established on March 2, 2001.  Apple Valley Bank & Trust Company has been FDIC insured since March 2, 2001.  The Apple Valley Bank & Trust Company is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  As of the close of 2008, the bank had total assets of $81,394,000 and total deposits of $70,695,000.  Net income for 2008 was a loss of -$586,000.  The bank operates with approximately 26 full-time equivalent employees.

Apple Valley Bank & Trust Company most recent performance ratios.
As of December 31, 2008:
 
Yield on earning assets 6.34% 
Cost of funding earning assets 3.11% 
Net interest margin 3.24%
Noncurrent loans to loans 2.51%
Equity capital to assets 7.32% 
Core capital (leverage) ratio 5.48% 
Tier 1 risk-based capital ratio 7.28% 
Total risk-based capital ratio 8.47%
Return on equity (ROE) -9.31%
Return on assets (ROA) -0.75%

Apple Valley Bank & Trust Company products and services:

Apple Valley Bank & Trust Company principal activity is to provide commercial banking services to small businesses and consumers.  The bank finances commercial and consumer transactions, makes secured and unsecured loans, offers lines of credit and provides a variety of other banking services.  It also offers a variety of deposits consisting of checking accounts, NOW accounts, money market accounts, savings accounts, certificates of deposits, individual retirement accounts, safe deposit facilities and money transfers.

New England Bancshares, Inc. and The Apple Valley Bank &Trust Company announced that they have signed a definitive agreement whereby New England Bancshares will acquire Apple Valley Bank, in a transaction valued at approximately $7.3 million.  As part of the acquisition, Apple Valley Bank will be merged into New England Bancshares’ wholly-owned banking subsidiary, Valley Bank.  The transaction will increase New England Bancshares’ assets from $541 million at September 30, 2008 to approximately $624 million and increase its number of banking offices from 12 to 15.

Apple Valley Bank & Trust Company branch bank locations:

Cheshire Office
286 Maple Ave.
Cheshire, CT 06410
Phone: (203) 271-1268
Fax: (203) 271-1540

Wallingford Office
670 N. Colony Rd. (Route 5)
Wallingford, CT 06492
Phone: (203) 265-1223
Fax: (203) 265-1149

Southington Office
158 N. Main St.
Southington, CT 06489
Phone: (860) 621-3521
Fax: (860) 621-3587

Apple Valley Bank & Trust Company web address: www.applevalleybank.com

Lotus Bank

Lotus Bank is a State chartered full service commercial bank headquartered in Novi, Michigan.  The bank serves the city of Novi, Michigan, and the surrounding areas, including Commerce Township, Farmington, Farmington Hills, Northville, West Bloomfield, Walled Lake and Wixom, and offers a broad range of commercial and consumer banking services to small- and medium-sized businesses, licensed professionals and individuals.  Lotus Bank was established on February 28, 2007 and has been FDIC insured since that time.  Lotus Bank is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).

The bank has total assets of $34,350,000 and total deposits of $25,953,000 as of December 31, 2008.  The bank ended 2008 with a net loss of -$1,390,000.  Lotus Bank has approximately 12 total full-time equivalent employees.

Lotus Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 5.19% 
Cost of funding earning assets 1.82% 
Net interest margin 3.36%
Return on assets (ROA) -5.80%
Return on equity (ROE) -15.48%
Noncurrent loans to loans 0
Equity capital to assets 24.16% 
Core capital (leverage) ratio 27.64% 
Tier 1 risk-based capital ratio 27.00% 
Total risk-based capital ratio 28.02%

Lotus Bank products and services:

Lotus Bank grants mortgage, commercial and consumer loans to customers.  A large portion of the loan portfolio is represented by commercial and commercial real estate loans in Oakland County, Michigan and the surrounding region.  The bank provides customary retail and commercial banking services to its customers, including standard checking accounts interest bearing checking account, 50+ checking account, money market accounts, premium money market accounts, savings accounts, certificates of deposit, safe deposit facilities, commercial loans, real estate mortgage loans, jumbo mortgage loans, adjustable rate mortgages, installment loans, IRAs and night depository facilities, new or used boat loans, recreational vehicle loans, motorcycle loans, personal loans, home equity loans or home equity lines of credit as well as overdraft protection lines of credit.

Lotus Bank branch bank locations:

Lotus Bank
44350 Twelve Mile Road
Novi, MI 48377
Telephone (248) 735-1000
Fax (248) 735-3830

Lotus Bank web address: www.lotusbank.net

Level One Bank

Level One Bank was established on October 5, 2007 and is based in Farmington Hills, Michigan.  Level One Bank operates as a subsidiary of Level One Bancorp, Inc.  The bank has been FDIC insured since October 5, 2007.  Level One Bank is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).

At the close of 2008, the bank had total assets of $72,189,000 and total deposits of $58,318,000.  The bank operates with approximately 21 total employees.  Level One Bank ended 2008 with a net loss of -$2,224,000.

Level One Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 4.48% 
Cost of funding earning assets 1.69% 
Net interest margin 2.80%
Return on equity (ROE) -18.62%
Return on assets (ROA) -5.09%
Noncurrent loans to loans 0%
Equity capital to assets 15.07% 
Core capital (leverage) ratio 17.24% 
Tier 1 risk-based capital ratio 15.92% 
Total risk-based capital ratio 17.08%

Level One Bank products and services:
 
Level One Bank consumer division offers personal savings and checking accounts including free checking and competitive interest bearing accounts such as money markets, IRAs, and bank CDs.  The bank also provides a complete array of consumer loan products including first mortgages, home equity, personal lines, auto, boat loans, recreational vehicles and credit card services.

Level One Bank commercial division provides a complete menu of products including lines of credit, asset-based lending, equipment financing, term loans, commercial mortgages, SBA loans, business credit cards and letters of credit.  The bank also offer business checking and savings accounts with treasury management services including lock box, courier service, remote capture, merchant processing, web bill payment, ACH transfers, and wire transfers.

Level One also provides online banking as a secure, internet-based service that gives convenient, 24-hour account access.

Level One Bank branch bank locations:

30201 Orchard Lake Rd
Suite 250
Farmington Hills, MI 48334
888-880-5663

Level One Bank web address: www.levelonebanking.com

Wedbush Bank

Wedbush Bank opened for business in 2008.  The bank is headquartered in Los Angeles, California.  Wedbush Bank is a wholly owned subsidiary of WEDBUSH, Inc.  Wedbush Bank has been FDIC insured since February 29, 2008.  The bank is chartered as a Savings Association.  Therefore the primary regulator is the Office of Thrift Supervision (OTS). 

Wedbush Bank ended 2008 with total assets of $58,568,000 and total deposits of $37,437,000.  The bank has approximately 15 full time employees.  Net income for 2008 was a loss of -$813,000.

WEDBUSH, Inc. is a leading financial services and investment firm that, through its holdings, provides private and institutional brokerage, investment banking, private capital, research, and asset management to individual, institutional and issuing clients.  Wedbush Morgan Securities is the firm’s largest holding and is one of the largest full-service investment banking and brokerage firms headquartered in the western United States.  In additional to its primary ownership of Wedbush Morgan Securities, WEDBUSH makes investments in both publicly traded and privately held companies.

Wedbush Bank most recent performance ratios.
As of December 31, 2008:

Return on assets (ROA) -2.34%
Return on equity (ROE) -4.12%
Yield on earning assets 3.99% 
Cost of funding earning assets 0.59% 
Net interest margin 3.41%
Noncurrent loans to loans 0
Equity capital to assets 34.31% 
Core capital (leverage) ratio 33.66% 
Tier 1 risk-based capital ratio 127.19% 
Total risk-based capital ratio 127.52%

Wedbush Bank products and services:

Bank products include: Wedbush Connection checking, health care savings account, gold checking accounts, interest checking accounts, green checking, savings account, certificates of deposit, money market account, premium money market account, Individual Retirement Accounts.  Wedbush Bank also offers fast approval and convenient terms on loans for everything from a used car to an airplane.  Loan products include: home equity loans and equity lines of credit, personal lines of credit and personal loans.  Business products include: business interest checking accounts, entrepreneurial checking, professional checking accounts, corporate checking accounts, IOLTA checking, business savings accounts, business money market accounts, business certificates of deposit.  Business lending options include: business installment loans, term loans, commercial real estate loans, SBA loans, import letters of credit, equipment leasing, cash management accounts, sweep account, line of credit sweep account, zero balance accounts, positive pay, merchant card services, account reconcilement, lock box, cash vault.  In addition the bank offers business and consumer credit cards, telephone and mobile banking, consumer and business Internet banking access.

Wedbush Bank branch bank locations:

Mailing Address
Wedbush Bank
P.O. Box 512237
Los Angeles, CA 90051
866- 933-2874

Wedbush Bank offers through its headquarters location, sophisticated technology, and the WEDBUSH network of 35 offices in 11 states.

Wedbush Bank web address: www.wedbushbank.com.

Audubon Savings Bank

Audubon Savings Bank is a New Jersey state chartered mutual savings bank.  Audubon Savings Bank was established on January 1, 1904.  The bank has been FDIC insured since July 3, 1972.  Audubon Savings Bank is chartered as a FDIC Savings Bank.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).

At the close of 2008, Audubon Savings Bank had total assets of $189,426,000 and total deposits of $108,827,000.  The bank earned a net income of $352,000 for all of 2008.  The bank operates with approximately 31 full time equivalent employees.

Audubon Savings Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 5.78% 
Cost of funding earning assets 3.50% 
Net interest margin 2.28%
Return on equity (ROE) 3.01%
Return on assets (ROA) 0.19%
Noncurrent loans to loans 1.11%
Equity capital to assets 6.29%
Core capital (leverage) ratio 6.20% 
Tier 1 risk-based capital ratio 11.05% 
Total risk-based capital ratio 11.47%

Audubon Savings Bank products and services:

Audubon Savings Bank offers a variety of deposit products for consumers, businesses and government entities, including regular checking accounts and interest bearing checking accounts, savings accounts both passbook savings and a premium savings account, money market accounts, club accounts, IRAs, certificates of deposit, small business checking, business interest bearing checking, totally free checking accounts and business money market accounts.  Loan products include several types of mortgages and home equity loans for consumers, 1-4 family income property mortgages, fixed rate mortgages, adjustable rate mortgages, bridge loans, jumbo loans, commercial mortgages, business loans, and credit lines and term loans for businesses.

Audubon Savings Bank branch bank locations:

Main Office
509 S. White Horse Pike
Audubon, NJ 08106
Phone #: 856-547-8100

Mt. Laurel Branch
5039 Church Road
Mt. Laurel, NJ 08054
Phone #: 856-642-7880

Pine Hill Branch
701 Erial Road
Pine Hill, NJ 08021
Phone #: 856-782-0500

Audubon Savings Bank web address: www.audubonsavings.com

Kopernik Federal Bank

Kopernik Federal Bank is based in Baltimore, Maryland.  The bank offers both personal and commercial banking services.  Kopernik Federal Bank was established on April 4, 1924.  The bank has been FDIC insured since August 13, 1985.  Kopernik Federal Bank is chartered as a Savings Association.  Therefore the primary regulator is the Office of Thrift Supervision (OTS).

As of December 31, 2008, Kopernik Federal Bank had total assets of $30,542,000 and total deposits of $26,519,000.  The bank ended the year with 7 full-time equivalent employees.  For the full year, the bank had a net income of $79,000.

Kopernik Federal Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 5.76% 
Cost of funding earning assets 3.16% 
Net interest margin 2.61%
Noncurrent loans to loans 0
Equity capital to assets 13.02% 
Core capital (leverage) ratio 13.02% 
Tier 1 risk-based capital ratio 28.87% 
Total risk-based capital ratio 29.60%

Kopernik Federal Bank products and services:

Bank products offered include; investor checking account, checking plus, easy checking, business checking, passbook savings, Christmas Club accounts, certificates of deposit, new and used car loans, home equity loans, mortgage loans and savings account or a certificate account passbook loans.

Kopernik Federal Bank branch bank locations:

2101 Eastern Avenue
Baltimore, MD 21231
Ph: 410-276-4905
Fax: 410-563-8766

Kopernik Federal Bank web address: www.kopernikbank.com

Bank of Napa

Bank of Napa, N.A. operates as a community bank that provides personal and business banking services to individuals, small or medium sized businesses, professionals, and entrepreneurs.  The bank was established on August 14, 2006.  Bank of Napa, N.A. has been FDIC insured since August 14, 2006.  Bank of Napa, N.A. is chartered as a National Bank.  Therefore the primary regulator is the Office of the Comptroller of the Currency (OCC).

As of December 31, 2008 Bank of Napa had total assets of $60,992,000 and total deposits of $43,721,000.  The bank ended the year with approximately 17 full-time equivalent employees and a net loss of -$1,417,000.

Bank of Napa most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 5.15%
Cost of funding earning assets 1.20% 
Net interest margin 3.95%
Return on assets (ROA) -2.62%
Return on equity (ROE) -8.15%
Noncurrent loans to loans 0
Equity capital to assets 27.89% 
Core capital (leverage) ratio 27.72% 
Tier 1 risk-based capital ratio 32.93% 
Total risk-based capital ratio 33.97%

Bank of Napa products and services:

Bank of Napa offers checking, money market, savings accounts, certificates of deposit, attorney trust, business checking account, analysis business checking accounts, business interest checking accounts, business money market account, business savings account, business certificates of deposit and cash management services.  The bank also offers home equity lines of credit, home equity loans, residential construction loans, personal overdraft protection, debit and credit cards, standby letters of credit, term loans, commercial real estate loans, and construction loans.  In addition, the bank offers online banking services.

Bank of Napa branch bank locations:

2007 Redwood Rd., Ste. 101
Napa, CA 94558
707-257-7777

Bank of Napa web address: www.thebankofnapa.com

Magyar Bank

Magyar Bank was founded in 1922 by Hungarian immigrants.  The name “Magyar” is the Hungarian word to describe an individual from Hungary.  Magyar Bank has been FDIC insured since September 7, 1954.  The bank is chartered as a FDIC Savings Bank.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  At the end of 2008, the bank had total assets of $542,753,000 and total deposits of $387,846,000.  For all of 2008, the bank had incurred a net loss of -$6,509,000.

Magyar Bank most recent performance ratios.
As of December 31, 2008:

Return on equity (ROE) -16.55%
Return on assets (ROA) -1.27%
Yield on earning assets 6.05% 
Cost of funding earning assets 2.95%
Net interest margin 3.10%
Noncurrent loans to loans 5.34%
Equity capital to assets 7.49% 
Core capital (leverage) ratio 7.54% 
Tier 1 risk-based capital ratio 9.89% 
Total risk-based capital ratio 11.15%

Magyar Bank products and services:

Magyar Bank offer a selection of deposit accounts, including demand accounts, free checking, interest checking, premium checking, NJ consumer checking, NOW accounts, money market accounts, savings accounts, retirement accounts and certificates of deposit,  business checking, non-profit checking, sole-proprietor checking, IOLTA (Interest on Lawyers Trust Accounts), business step money market, cash management solutions and business debit cards.  The bank originates residential mortgage loans, home equity loans, home equity lines of credit, construction loans, commercial real estate loans, commercial business loans, business line of credit.  Additional services include malpractice insurance financing, credit card cash advances, merchant card services, sweep account, online banking, telephone banking, Visa gift cards and financial services for individuals and families.

Magyar Bank branch bank locations:

400 Somerset Street
New Brunswick, NJ 08901
732.342.7600

93 French Street
New Brunswick, NJ 08901
732.246.1337

582 Milltown Road
North Brunswick, NJ 08902
732.729.7800

3050 State Route 27
Kendall Park, NJ 08824
732.297.4600

1000 Route 202 South
Branchburg, NJ 08876
908.203.0002

Magyar Bank web address: www.magbank.com

Weymouth Bank, Massachusetts

Weymouth Bank is a state-chartered mutually owned institution chartered in 1889 under the laws of the Commonwealth of Massachusetts.  Weymouth Bank serves customers throughout the South Shore of Massachusetts.  The bank is a federally insured bank and is also insured by the Share Insurance Fund of the Co-operative Central Bank.  Weymouth Bank has been FDIC insured since March 11, 1986.  Weymouth Bank is chartered as a FDIC Savings Bank.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). 

At the close of 2008, Weymouth Bank had assets of $163,325,000 and total deposits of $134,260,000.  The bank had a net profit for the year of $751,000.  The bank has approximately 39 total employees. 

Weymouth Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 6.24% 
Cost of funding earning assets 2.34% 
Net interest margin 3.90%  
Return on equity (ROE) 5.29%
Return on assets (ROA) 0.47%
Noncurrent loans to loans 1.89%
Core capital (leverage) ratio 8.91%
Tier 1 risk-based capital ratio 12.56%
Total risk-based capital ratio 13.81%

Weymouth Bank products and services:

Weymouth Bank offers a wide array of financial products and services ranging from deposits to loan services and investment banking: statement savings account, passbook savings accounts, NOW checking accounts, student checking, retail gold checking, no frills checking account, individual retirement account, jumbo mortgages, manufactured and mobile home loans, first time home buyer programs, adjustable rate mortgages, fixed rate mortgages, money market deposit accounts, certificates of deposit, indexed certificates of deposit (ICDs), Club accounts, student loans, NOW overdraft protection plan, loans secured by deposit account, unsecured personal loan, recreational vehicles & other personal assets, auto and truck loan, home equity line of credit, commercial real estate loans, special fixed rate five to eight family real estate loan program, commercial and industrial loans, business lines of credit, DDA overdraft protection plans, single payment (time notes), leasing programs, merchant card processing, night depository box, payroll treasury tax & loan service, business checking accounts, commercial money market deposit accounts, commercial sweep accounts, business debit card program, Weymouth Bank business online and savings bonds purchase & redemption.

Weymouth Bank branch bank locations:

744 Broad Street
Weymouth, MA 02189
781-337-8000

Weymouth Bank web address: www.weymouthbank.com.

Newfield National Bank New Jersey

Newfield National Bank is headquartered in Newfield, New Jersey and operates a network of 12 branches in the area.  Newfield National Bank is in the southern most portion of the State of New Jersey.  The bank was established on January 1, 1934 as the First National Bank in Newfield.  Newfield National Bank has been FDIC insured since July 31, 1934.  The bank is chartered as a National Bank.  Therefore the primary regulator is the Office of the Comptroller of the Currency (OCC).

At the end of 2008, the bank had total assets of $492,252,000 and total deposits of $443,909,000.  For the full year of 2008, the bank had net income of $3,436,000.  Newfield National Bank operates with approximately 178 full-time equivalent employees. 

Newfield National Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 5.69% 
Cost of funding earning assets 1.99% 
Net interest margin 3.70%
Return on assets (ROA) 0.69%
Return on equity (ROE) 8.90%
Noncurrent loans to loans 1.00%
Equity capital to assets 7.97% 
Core capital (leverage) ratio 7.96% 
Tier 1 risk-based capital ratio 12.09% 
Total risk-based capital ratio 12.91%

Newfield National Bank products and services:

Newfield National Bank is a full service banking institution whose mission is to serve the financial and credit needs of its entire community consistent with safe and sound operations.  Bank products and services include: regular checking, NOW checking, Gold club checking, student checking, New Jersey consumer checking, money market checking, business checking, IOLTA checking, statement savings, passbook savings, Children’s savings, Gold Club savings, Health savings, mortgage loans, home equity loans, home equity credit, mobile home loans, auto and truck loans, motorcycle and travel trailer loans, boat loans, Helping Hand loan program, secured personal loans, overdraft protection loans/umbrella accounts, commercial loans, business credit cards, Internet banking, online bill pay, cash management, remote deposit, IRA, certificate of deposits, Coverdell Education Savings Account (CESA), Roth IRA, savings bonds, IRA (SIMPLE), IRA (SEP’s), telephone banking, safe deposit boxes, American Express Traveler’s checks, direct deposit, business NOW checking, business money market checking and commercial loans.

Newfield National Bank branch bank locations:

Main Office
18 West Boulevard
Newfield, NJ 08344
Ph: (856) 692-3440
Fx: (856) 697-6139

219 Delsea Drive
Malaga, NJ 08328
Ph: (856) 694-2666
Fx: (856) 694-4305

4339 Tuckahoe Road
Franklinville, NJ 08322
Ph: (856) 728-8602
Fx: (856) 875-6913

3249 Delsea Drive
Franklinville, NJ 08322
Ph: (856) 694-4233
Fx: (856) 694-4312

320 South Main Street
Williamstown, NJ 08094
Ph: (856) 262-8000
Fx: (856) 262-8009

515 Woodbury-Glassboro Rd.
Sewell, NJ 08080
Ph: (856) 218-0500
Fx: (856) 218-7040

273 Fish Pond Road
Sewell, NJ 08080
Ph: (856) 307-2306
Fx: (856) 307-2308

881 North Main Road
Vineland, NJ 08360
Ph: (856) 692-8404
FX: (856) 794-1690

3535 East Landis Avenue
Vineland, NJ 08361
Ph: (856) 794-1717
Fx: (856) 794-1029

552 Landis Avenue
Vineland, NJ 08360
Ph: (856) 691-2121
Fx: (856) 794-1689

720 Shiloh Pike
Bridgeton, NJ 08302
Ph: (856) 575-0075
Fx: (856) 575-0085

2087 South Rt 9
Unit F2
Seaville, NJ 08230
Ph: (609) 624-1200
Fx: (609) 624-3360

Newfield National Bank web address: www.newfieldbank.com

City National Bank of Sulphur Springs Texas

The City National Bank of Sulphur Springs is the oldest institution in Hopkins County. The Bank was established in 1889 and services Hopkins, Wood and surrounding counties.  The City National Bank of Sulphur Springs has been FDIC insured since January 1, 1934.  The City National Bank of Sulphur Springs is chartered as a National Bank.  Therefore the primary regulator is the Office of the Comptroller of the Currency (OCC).

As of December 31, 2008, the bank had total assets of $341,179,000 and total deposits of $289,467,000.  The bank net income for 2008 was $5,161,000.  At year end City National Bank of Sulphur Springs had118 employees.

City National Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 7.15% 
Cost of funding earning assets 2.55% 
Net interest margin 4.60%
Return on assets (ROA) 1.53%
Return on equity (ROE) 18.10%
Noncurrent loans to loans 1.01% 
Equity capital to assets 8.76% 
Core capital (leverage) ratio 7.84% 
Tier 1 risk-based capital ratio 11.05% 
Total risk-based capital ratio 12.30%

City National Bank products and services:
 
City National Bank consumer bank products include regular checking account, free checking account, student checking account, senior citizen checking account, consumer Now account, consumer money market account, overdraft privilege, consumer loans, personal loans, new and used auto loans, boat loans, recreational vehicles loans, mortgage loans, purchase mortgage loans, refinance mortgage loans, home improvement loans, home equity loans, construction loans, 24 Hour telephone banking and ATM/debit cards.  Business products include new and used commercial loans, farm loans and agricultural equipment loans.

City National Bank branch bank locations:

Main Bank   
201 Connally/P.O. Box 495   
Sulphur Springs, TX 75482   
Phone: 903-885-7523   
Fax: 903-439-3677   

Mockingbird Branch  
1133 Mockingbird Lane  
Sulphur Springs, TX 75482   
Phone: 903-885-5432   
Fax: 903-885-6715   

Mortgage Branch  
1108 South Broadway   
Sulphur Springs, TX 75482   
Phone: 903-439-0654   
Fax: 903-439-6376  

Winnsboro Branch  
607 S. Main Street   
Winnsboro, TX 75494   
Phone: 903-342-3791   
Fax: 903-342-3794  

Hawkins Main  
205 Beaulah/P.O. Box 1130  
Hawkins, Texas 75765   
Phone: 903-769-3171   

Holly Lake Branch  
2454 S FM 2869/ P.O. Box 1130  
Hawkins, Texas 75765  
Phone: 903-769-4596   
 
Quitman Branch  
501 E. Goode  
Quitman, Texas 75783   
Phone: 903-763-4989   

Yantis Branch  
120 N. Main  
Yantis, Texas 75497  
Phone: 903-383-2250   

City National Bank web address: www.bankatcnb.com

Fireside Bank

Fireside Bank is an FDIC insured and regulated California industrial bank operating throughout the United States.  The primary business of Fireside Bank includes: certificates of deposit (CDs) and competitive non-prime automobile lending programs that are offered to consumers by thousands of automobile dealers around the country

Fireside Bank was established on December 31, 1950.  Fireside Bank has been FDIC insured since October 5, 1984.  Fireside Bank is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).

Fireside Bank is a subsidiary of Unitrin.  Unitrin is a large financial services provider.  The Unitrin family of companies specializes in property and casualty insurance, life and health insurance, and automobile finance products for individuals, families, and small businesses.

At the close of 2008, Fireside Bank had total assets of $1,379,885,000 and total deposits of $1,110,839,000.  The bank operates with approximately 733 total full-time equivalent employees.  To end the year of 2008, Fireside Bank had generated a loss of -$13,112,000

Fireside Bank most recent performance ratios.
As of December 31, 2008:

Return on assets (ROA) -0.91%
Return on equity (ROE) -6.40%
Yield on earning assets 18.15% 
Cost of funding earning assets 4.41% 
Net interest margin 13.74%
Noncurrent loans to loans 1.00%
Equity capital to assets 17.37% 
Core capital (leverage) ratio 15.56% 
Tier 1 risk-based capital ratio 18.39% 
Total risk-based capital ratio 19.75%

Fireside Bank products and services:

Fireside Bank is an industrial bank that buys car loans from auto dealerships; it specializes in loans for used automobiles made to individuals with less-than-perfect credit histories.  The company purchases retail installment contracts from dealerships to provide credit to purchase automobiles and light trucks.  A subsidiary of Unitrin, the bank has some 10 branches in California and about 10 additional locations scattered throughout the Midwest and West.  In addition to its lending operations, Fireside Bank also offers certificates of deposit through its branch offices as well as through its web site.  The bank also offers savings deposit accounts and personal loans.  Fireside Bank has been working in the non-prime auto finance industry for over 50 years and has built strong relationships with over 15,000 dealers

Fireside Bank branch bank locations:

Corporate Office
5050 Hopyard Road
Pleasanton, CA. 94588
Telephone: 866-612-1801
Customer Service: 800-825-1862

California Branch Division
Concord
1855 Gateway Blvd., Suite 120
Concord, CA 94520
Telephone: 925-689-6200
       
Downey
Firestone Blvd., Suite 100
Downey, CA 90241
Telephone: 562-869-3311

Encino
16000 Ventura Blvd., Suite 102
Encino, CA 91436
Telephone: 818-905-6211

Fresno
1196 E. Shaw, Suite 101
Fresno, CA 93710
Telephone: 559-221-0991

San Bernardino
650 East Hospitality Lane, Suite 110
San Bernardino, CA 92408
Telephone: 877-410-4411

San Diego
5333 Mission Center Road, Suite 115
San Diego, CA 92108
Telephone: 619-542-0180

San Jose
4880 Stevens Creek Blvd., Suite 102
San Jose, CA. 95129
Telephone: 408-244-4411

Fireside Bank web address: www.firesidebank.com

Saigon National Bank

Saigon National Bank is a locally owned community bank devoted to serving the financial needs of the Vietnamese business community in Southern California.  Saigon National Bank provides various personal and commercial banking products and services in California.  Saigon National Bank was established on November 30, 2005 and has been FDIC insured since November 30, 2005.  Saigon National Bank is chartered as a National Bank and is therefore the primary regulator is the Office of the Comptroller of the Currency (OCC).

As of December 31, 2008, Saigon National Bank had total assets of $66,492,000 and total deposits of $55,611,000.  The bank ended the year with approximately 12 total full-time equivalent employees.  For the full year of 2008, the bank had a net loss of -$1,850,000.

Saigon National Bank most recent performance ratios.
As of December 31, 2008:

Return on assets (ROA) -3.85%
Return on equity (ROE) -17.95%
Yield on earning assets 5.36% 
Cost of funding earning assets 3.00% 
Net interest margin 2.36%
Noncurrent loans to loans 4.78%
Equity capital to assets 15.94% 
Core capital (leverage) ratio 20.34% 
Tier 1 risk-based capital ratio 18.62% 
Total risk-based capital ratio 19.87%

Saigon National Bank products and services:

Saigon National Bank offers personal checking accounts and personal interest checking accounts, regular, education, and business savings accounts; money market accounts; and certificate of deposit.  The bank’s loan portfolio comprises home equity loans, automobile loans, swing and bridge loans, business real estate and construction loans, and business term loans, as well as home equity and business lines of credit, and business overdraft credit lines.  Saigon National Bank also provides debit cards, online banking, bill pay, telephone banking, safe deposit boxes, funds management, merchant service processing, ACH services and online business banking services

Saigon National Bank branch bank locations:

15606 Brookhurst Street
Westminster, CA 92683
(714) 338-8700
(714) 338-8730 fax

Saigon National Bank web address: www.saigonnational.com

First Green Bank

First Green Bank is a new bank in Central Florida that provides traditional banking services to businesses and consumers as well as offering specialized services for environmentally friendly businesses and building projects.  First Green Bank was established on February 17, 2009.  First Green Bank has been FDIC insured since February 17, 2009.  First Green Bank is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).

First Green Bank most recent performance ratios.
As of December 31, 2008:

First Green Bank was established in 2009 and is not yet required to supply detailed quarterly results to the FDIC.

First Green Bank products and services:

First Green bank provides checking accounts, money market accounts, savings, Health Savings Account (HSA), Individual Retirement Account (IRA), negotiable order of withdrawal, youth savings accounts, auto loans, boat loans, personal loans and lines of credit, home improvement projects, or mortgage refinancing, business checking account, business, business money market, business savings, business loans, business products such as remote deposit and cash management

First Green Bank branch bank locations:

First Green Bank
(Headquarters)
1301 South Bay Street
Eustis, FL 32726
Phone:352.483.9100
Fax: 352.483.9109

First Green Bank
1391 Citrus Tower Blvd.
Clermont, FL 34711
Phone:352.483.9700
Fax: 352.483.9709

First Green Bank web address: www.firstgreenbank.com

Providence Bank, Florida

Providence Bank is located and headquartered in Winter Haven, Florida.  Providence Bank is a one office bank.  The bank was established on September 30, 2005.  Providence Bank has been FDIC insured since September 30, 2005.  Providence Bank is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).

Florida Traditions signed an agreement to buy Providence Bank in a stock-and-cash deal expected to close the summer of 2009, pending regulatory and shareholder approval.

As of December 31, 2008 the bank had total assets of $42,741,000 and total deposits of $31,508,000.  Total full-time equivalent employees at the close of the year were approximately 11.  Full year income for 2008 was a net loss of -$774,000.

Providence Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 5.70% 
Cost of funding earning assets 3.18% 
Net interest margin 2.53%
Return on assets (ROA) -2.12%
Return on equity (ROE) -15.01%
Noncurrent loans to loans 2.97%
Equity capital to assets 11.91% 
Core capital (leverage) ratio 11.43% 
Tier 1 risk-based capital ratio 14.87% 
Total risk-based capital ratio 16.13%
 
Providence Bank products and services:

Providence Bank provides business and personal banking services for businesses and consumers.  Its business banking products and services include business financing, cash management, certificates of deposit, checking accounts, convenience banking and loans.  The company’s personal banking products and services include certificates of deposit, checking accounts, savings accounts, convenience banking, loans, online banking and more.

Providence Bank locations:

Providence Bank
1501 1st Street South
Winter Haven, FL 33880
Phone: (863) 299-0600
Fax: (863) 297-9032

Providence Bank web address: www.providencebankfla.com

Central Bank Tampa, Florida

Central Bank is a local community bank located in Tampa, Florida.  The bank was established on February 26, 2007 and has been FDIC insured since February 26, 2007.  Central Bank is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  As of the end of 2008, the bank had approximately 13 total full-time equivalent employees.  At this time the bank had total assets of $45,313,000 and total deposits of $33,095,000.  For the full year, the bank had a net loss of -$1,087,000.

Central Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 6.26% 
Cost of funding earning assets 3.10% 
Net interest margin 3.16%
Return on assets (ROA) -3.22%
Return on equity (ROE) -12.30%
Noncurrent loans to loans 0
Equity capital to assets 18.67% 
Core capital (leverage) ratio 19.25% 
Tier 1 risk-based capital ratio 20.15% 
Total risk-based capital ratio 21.14%
 
Central Bank products and services:

Central Bank offers checking accounts, simply free checking, interest plus premier checking, 50 plus advantage (Age 50 and over), personal savings, premium money market, certificate of deposit, Individual Retirement Account, personal loans, new or used automobiles, boats, home equity loan, home equity line of credit mortgage loans, online banking, debit cards, small business checking, business checking, business interest checking, non profit checking, Interest on Lawyers Trust Accounts (IOTA), business savings, business money market, business banking certificate of deposit, commercial loans, commercial real estate loans, safe deposit box and merchant services

Central Bank branch bank locations:

20701 Bruce B. Downs Blvd
Tampa, Florida 33647
813-929-4477
813-929-4427

Central Bank web address: www.centralbankfl.com

Mother Lode Bank

Mother Lode Bank is based in Sonora, California.  The bank was established on July 30, 2004.  Mother Lode Bank has been FDIC insured since July 30, 2004.  Mother Lode Bank is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  At the close of 2008, the bank had approximately 23 total full-time equivalent employees.  The bank ended that year with total assets of $68,952,000 and total deposits of $61,860,000.  The bank also incurred a
net loss of  -$1,649,000 for the year.

Mother Lode Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 5.98% 
Cost of funding earning assets 1.95% 
Net interest margin 4.02%
Return on assets (ROA) -2.47%
Return on equity (ROE) -21.79%
Noncurrent loans to loans 2.45%
Equity capital to assets 9.81% 
Core capital (leverage) ratio 9.99% 
Tier 1 risk-based capital ratio 11.86% 
Total risk-based capital ratio 13.08%

Mother Lode Bank products and services:

Mother Lode Bank provides various banking services to individuals and businesses.  It offers deposit products, including checking, savings, money market, certificate of deposit, individual retirement accounts, and health savings accounts.  The bank’s loan portfolio comprises personal, vehicle, recreational vehicle, boat, commercial loans/business lines of credit, construction, business equipment, letters of credit, small business administration lending, and real estate loans. It also provides various services comprising cash management services, merchant card processing, construction financing, reverse mortgage, Internet banking, and automated teller machine services.

Mother Lode Bank branch bank locations:

Downtown Sonora
172 West Stockton Rd.
Sonora, Ca. 95370
209) 694-8400

Junction Shopping Center
13769-C Mono Way
Sonora, Ca. 95370
(209) 532-9400

Loan Production Office
150 Big Trees Rd.
Murphys, Ca. 95247
(209) 728-3700

Mother Lode Bank web address: www.motherlodebank.com

California General Bank

California General Bank N.A. is an independent commercial bank based in Pasadena, California.  The bank was established on March 9, 2009.  California General Bank, N.A. has been FDIC insured since March 9, 2009.  The bank is chartered as a National Bank and therefore the primary regulator is the Office of the Comptroller of the Currency (OCC).

California General intends is to focus on small to medium size privately owned business, professionals, and high net worth individuals in Pasadena and surrounding communities, providing business loans, lines of credit and other basic financial support with a heavy emphasis on personal service not possible in larger banks.

California General Bank products and services:

Personal checking accounts with unlimited check writing & deposit privileges, preferred personal checking accounts, premier interest checking accounts which is a tiered Interest bearing checking account with unlimited checking writing privileges, health savings accounts (HSA), premium money market account, personal savings account, certificate of deposit, jumbo certificates of deposit, Individual Retirement Account, a wide range of personal loan programs, including: automobile & RV loans, preferred line of credit, home equity loan, home equity line of credit, vacation & rental home equity loans & lines of credit, construction loans, asset-based lending, commercial term loans, equipment financing, lines of credit, letters of credit, SBA loans, owner-occupied commercial real estate loans, income/investment commercial real loans, commercial & industrial construction loans, multi-family & single-family residences – construction loans, merchant services, automated remote deposit, sweep account service, online banking, and bill pay and electronic statements.

California General Bank branch bank locations:

2700 East Foothill Boulevard
Pasadena, California 91107
Phone (626) 683-9182
Fax (626) 204-0040

California General Bank web address: www.calgenbank.com

Manor Bank

Manor Bank has been serving the local community surrounding Manor, Pennsylvania for over 100 years.  The bank was established on October 2, 1902.  Manor Bank has been FDIC insured since January 1, 1934.  Manor Bank is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).

At the end of 2008 Manor Bank had total assets of $18,552,000 and total deposits of $14,882,000.  The bank earned a net income of $70,000 for all of 2008.  The bank operates with approximately 7 full-time equivalent total employees.
 
Manor Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 5.15% 
Cost of funding earning assets 1.37% 
Net interest margin 3.77%
Return on equity (ROE) 2.97%
Return on assets (ROA) 0.38%
Noncurrent loans to loans 0
Equity capital to assets 13.50% 
Core capital (leverage) ratio 12.93% 
Tier 1 risk-based capital ratio 33.32% 
Total risk-based capital ratio 33.53%

Manor Bank products and services:

Free checking account, checking with interest, passbook savings, statement savings, money market accounts, certificate of deposit accounts, mortgage loans, construction loans, home equity loans, home equity line of credit, automobile loans, personal loans, personal line of credit.  The bank also offers extra services such as safe deposit boxes, Master Card/Visa cash advance, ATM machine located at bank, savings bonds – EE bonds and I bonds, gift cards, debit cards, Christmas clubs, online banking with bill pay and telephone banking

Manor Bank branch bank locations:

Manor Bank
83 Race Street
PO Box 627
Manor, PA  15665
Phone: 724-863-5510
Fax: 724-863-3384

Manor Bank web address: www.manorbank.com

American Plus Bank, CA

American Plus Bank is a Chinese American community bank established in 2007.  The bank is headquartered in Arcadia, California.  American Plus Bank, N.A. has been FDIC insured since August 8, 2007.  American Plus Bank, N.A. is chartered as a National Bank.  Therefore the primary regulator is the Office of the Comptroller of the Currency (OCC).

At the end of 2008, the bank had total assets of $75,721,000 and total deposits of $51,747,000.  The end of year net income was a loss of -$1,450,000.  The bank has a total of approximately19 full-time equivalent employees.

American Plus Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 5.57% 
Cost of funding earning assets 2.20% 
Net interest margin 3.37%
Return on assets (ROA) -2.58%
Return on equity (ROE) -7.18%
Noncurrent loans to loans 0.25%
Equity capital to assets 26.07% 
Core capital (leverage) ratio 26.42% 
Tier 1 risk-based capital ratio 29.34% 
Total risk-based capital ratio 30.59%

American Plus Bank products and services:

The bank specializes in providing both individual and business banking products, including a wide selection of depository accounts designed to meet personal or business financial plans and a full array of loan products.  Deposit and transaction accounts include checking accounts, savings accounts, money market accounts and certificates of deposit.  These account types are available for businesses and consumers.  The bank lending arena includes products such as personal line of credit, commercial lines of credit, equipment loans, working capital loans, construction and long-term commercial real estate loans.  The bank also provides electronic cash management services through the Internet using state-of-the-art Internet banking technology, wire transfers, direct deposits, banking by mail, safe deposit boxes and debit/ATM cards.

American Plus Bank branch bank locations:

630 W. Duarte Road
Arcadia, CA 91007
Tel:   626-821-9188
Fax:  626-566-2711

American Plus Bank web address: www.bankaplus.com

Coronado First Bank

Coronado First Bank is the only locally headquartered and managed community bank in Coronado, California.  Coronado First Bank offers commercial banking services to individuals, small and medium-sized businesses, and professionals in the Coronado area. Coronado First Bank was established on October 3, 2005.  The bank has been FDIC insured since that time.  Coronado First Bank is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).

As of December 31, 2008 Coronado First Bank had total assets of $72,453,000 and total deposits of $57,708,000.  At the close of the year, the bank had a approximately19 total full-time equivalent employees.  The bank had net income of -$534,000 for all of 2008.

Coronado First Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 6.66% 
Cost of funding earning assets 2.33% 
Net interest margin 4.34%
Return on assets (ROA) -0.84%  
Return on equity (ROE) -4.76% 
Noncurrent loans to loans 0
Equity capital to assets 15.23% 
Core capital (leverage) ratio 15.98% 
Tier 1 risk-based capital rati0 16.52%
Total risk-based capital ratio 17.68%

Coronado First Bank products and services:

Coronado First Bank offers various deposit products that include free checking accounts, interest bearing checking account, senior checking accounts, savings, junior savings, money market, premier money market, certificate of deposit, online banking, telephone banking, ATM/Debit cards, Visa credit cards, E-statements, business checking, Active business checking, business interest checking, business savings, business money market, premier business money market, and business certificate of deposit.  The bank also provides a range of credit products including commercial real estate loans, term loans, construction loans, equipment loans, residential construction loans, residential mortgage loans, revolving lines of credit and letters of credit,

Coronado First Bank branch bank locations:

Coronado Island
801 Orange Ave, Suite 101
Coronado, Ca 92118
619.437.1000

Coronado First Bank web address: www.coronadofirst.com

Oneida Savings

Oneida Savings was established on April 1, 1866.  The bank is a community bank engaged primarily in the business of accepting deposits from customers and using those deposits, together with funds generated from operations and borrowing proceeds, to make one- to four-family residential and commercial real estate loans, commercial business loans, consumer loans and to invest in mortgage backed and other investment securities.  The bank also sells insurance and other commercial services and products through its insurance agency subsidiary.  The bank operates twelve full-service banking offices in Madison, Oneida and Onondaga counties.  The Oneida Savings Bank has been FDIC insured since July 1, 1943.  The Oneida Savings Bank is chartered as a FDIC Savings Bank.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).

As of December 2008, the bank had total assets of $540,150,000 and total deposits of $425,798,000.  Net income for all of 2008 was a loss of -$1,600,000.  The bank has approximately 314 total full-time equivalent employees.  

Oneida Savings most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 5.99% 
Cost of funding earning assets 2.48% 
Net interest margin 3.51%
Return on equity (ROE) -2.88%
Return on assets (ROA) -0.30%
Total employees (full-time equivalent) 314
Noncurrent loans to loans 0.17%
Equity capital to assets 9.81% 
Core capital (leverage) ratio 6.64% 
Tier 1 risk-based capital ratio 9.49% 
Total risk-based capital ratio 10.21%

Oneida Savings bank products and services:

The company offers various deposit accounts, including savings, interest-bearing demand accounts, non interest-bearing checking accounts, money market accounts, and certificates of deposit.  It also offers individual retirement accounts and other qualified plan accounts.  The banks loan portfolio comprises one-to-four family residential mortgage loans; home equity loans; commercial business loans; commercial real estate loans; and consumer loans, such as automobile loans, mobile home loans, secured personal loans, passbook loans, unsecured home improvement loans, and recreational vehicle loans.  The bank also provides trust and investment services, including money management and custodial services; and contribution and benefit plans, actuarial services, investment management, estate planning, and human resource management services.  In addition, the company offers personal and commercial property insurance, life insurance, pension plan services, mutual funds, and annuity sales.

Oneida Financial Corp. (Nasdaq: ONFC), is the parent company of Oneida Savings Bank.  Oneida Financial Corp. wholly owned subsidiaries include; Oneida Savings Bank, a New York State chartered FDIC insured stock savings bank, State Bank of Chittenango, a state chartered limited-purpose commercial bank, Bailey, Haskell & LaLonde Agency, an insurance and financial services company and Benefit Consulting Group, an employee benefits consulting and retirement plan administration firm.

Oneida Savings branch bank locations:

Main Office:
182 Main Street
Oneida, NY 13421
(315) 363-2000

Convenience Office:
585 Main Street
Oneida, NY 13421
(315) 363-3335

Cazenovia Office:
48 Albany Street
Cazenovia, NY 13035
(315) 655-3402

Hamilton Office:
35 Broad Street
Hamilton, NY 13346
(315) 824-2800

Camden Office:
41 Harden Blvd.
Camden, NY 13316
(315) 245-4200

Canastota Office:
104 S. Peterboro Street
Canastota, NY 13032
(315) 697-7450

Chittenango Office:
519 Genesee St.
Chittenango, NY 13037
(315) 687-3921

Bridgeport Office:
Corner of Route 298 and Route 31
Bridgeport, NY 13030
(315) 633-8256

Griffiss Park Office:
160 Brooks Road
Rome, NY 13441
(315) 339-2000

Vernon Office:
5238 W. Seneca Street
Vernon, NY 13476
(315) 829-2405

Westmoreland Office:
4675 State Route 233
Westmoreland, NY 13490
(315) 853-1226

South Utica Office:
2711 Genesee Street
Utica, NY 13501
(315) 733-6960

Oneida Savings web address: www.oneidabank.com

State Bank of Bement

The State Bank of Bement is a community bank with one bank location based in Bement, Illinois.  The bank was established on January 17, 1914.  State Bank of Bement has been FDIC insured since January 1, 1934.  State Bank of Bement is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  At the end of 2008, the bank had total assets of $77,873,000 and total deposits of $68,724,000.  The bank operates with approximately 23 full time employees.  For the full year of 2008, the bank produced a net income of $367,000.

State Bank of Bement most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 6.03% 
Cost of funding earning assets 2.02% 
Net interest margin 4.01%
Return on assets (ROA) 0.60%
Return on equity (ROE) 4.16%
Noncurrent loans to loans 0.53%
Equity capital to assets 11.43% 
Core capital (leverage) ratio13.98% 
Tier 1 risk-based capital ratio18.03% 
Total risk-based capital ratio18.76%

State Bank of Bement products and services:

The bank has several checking accounts to choose from including interest bearing as well as non-interest bearing checking accounts.  The bank offers regular savings account along with Christmas and Vacation club savers accounts, certificate of deposits, traditional IRA’s as well as ROTH IRA’s.  Other services include 24 hour telephone banking, direct deposit, VISA Credit Cards, notary service, safe deposit boxes, trust services and many more.  Loan programs include home equity line of credit, real estate mortgages, auto loans, personal loans, and more.  Business accounts include business checking accounts, business passbook savings and business certificates of deposit, equipment loans, commercial real estate loans and cash management loans.

State Bank of Bement locations:

State Bank of Bement
180 E. Bodman St.
Bement, IL 61813
Telephone: 217-678-2311
Fax us at: 217-678-5321

State Bank of Bement web address: www.bankbement.com

Watertown Savings Bank, MA

Watertown Savings Bank is an independent mutual savings bank based in Watertown, Massachusetts.  The bank was established on April 18, 1870.  Watertown Savings Bank has been FDIC insured since January 2, 1981.  Watertown Savings Bank is chartered as a FDIC Savings Bank.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  At the close of 2008, the bank had total assets of $1,182,657,000 and total deposits of $1,083,430,000.  The bank has approximately145 total employees.  To close the year, Watertown Savings Bank had a net loss of -$13,186,000 but a net operating income of $7,389,000.

Watertown Savings Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 5.49% 
Cost of funding earning assets 3.00% 
Net interest margin 2.50%
Return on assets (ROA) -1.04%
Return on equity (ROE)  -15.81%
Noncurrent loans to loans 0.20%
Equity capital to assets 6.85% 
Core capital (leverage) ratio 6.58% 
Tier 1 risk-based capital ratio 13.55% 
Total risk-based capital ratio 14.07%

Watertown Savings Bank products and services:

Watertown Savings Bank personal banking products include free checking, interest bearing checking accounts, senior checking accounts, passbook savings, access savings, certificate of deposit, money market accounts, holiday club accounts and individual retirement accounts, overdraft protection, consumer and auto loans, mortgage loans, card services, and debit cards.  Watertown Savings Bank commercial banking products include business checking accounts, business money market accounts, cash management, commercial loans, commercial real estate loans, overdraft protection, interest on lawyer trust account and card services.  The bank also offers internet banking and telephone banking as well as non FDIC insured investment services.

Watertown Savings Bank branch bank locations:

60 Main Street
Watertown, MA 02472
(617) 928-9000 or
(800) 207-2525

10 Bigelow Avenue
Watertown, MA 02472
(617) 928-9000

175 Watertown Street
Watertown, MA 02472
(617) 928-9000

45 Church Street
Watertown, MA 02472
(617) 928-9000

321 Arsenal Street
Watertown, MA 02472
(617) 928-9000

739 Main Street
Watertown, MA 02472
(617) 928-9000

30 Church Street
Belmont, MA 02478
(617) 928-9000

6 Lexington Street
(Corner of Lexington Street and Main Street)
Waltham, MA 02452
(617) 928-9000

980 Mass Ave.
Arlington, MA 02476
(617)-928-9000

1075 Waltham Street
Lexington, MA 02421
(617) 928-9000

Watertown Savings Bank web address: www.watertownsavings.com

Watertown Savings Bank, New York

On January 1, 1894, Watertown Savings Bank opened for business in Watertown, New York.  The bank financial services promote thrift, home ownership, small business, employment, and economic needs in the region it serves.  Watertown Savings Bank has been FDIC insured since July 1, 1943.  Watertown Savings Bank is chartered as a FDIC Savings Bank.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  The bank has approximately 111 total employees.  Watertown Savings Bank had total assets of $374,594,000 and total deposits of $322,172,000 at the end of 2008.  For the full year of 2008, the bank had net income of $2,000,000.

Watertown Savings Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 5.50% 
Cost of funding earning assets 1.93% 
Net interest margin 3.58%
Return on equity (ROE) 4.09%
Return on assets (ROA) 0.58%
Noncurrent loans to loans 1.39%
Equity capital to assets 13.29% 
Core capital (leverage) ratio 9.01% 
Tier 1 risk-based capital ratio 12.01% 
Total risk-based capital ratio 12.59%

Watertown Savings Bank products and services:

Watertown Savings Bank provides a variety of banking products and services in New York.  Its personal banking products include checking accounts, passbook savings, statement savings, money market deposit accounts, Christmas club accounts, certificate of deposit and individual retirement accounts, consumer loans, recreational loans and auto loans, mortgage loans, home equity loans, construction loans, card services, and debit cards; commercial banking products, such as business checking accounts, cash management, commercial loans, and card services.  The bank also offers online banking services and telephone banking.

Watertown Savings Bank branch bank locations:

111 Clinton Street
Watertown, NY 13601
315-788-7100
315-786-3385

1816 State St.
Watertown, NY 13601
315-788-3790
315-788-5444

10729 US Rt. 11
Adams, NY 13605
315-232-4515
315-232-3319

140 Clinton Street
Watertown, NY 13601
315-788-8996
315-788-8891

101 Commerce Park Drive
Watertown, NY 13601
315-788-7152
315-788-5252

100 West Main Street
Sackets Harbor, NY 13685
315-646-4628
315-646-2286

12221 NYS Route 12E
Chaumont, NY 13622
315-649-5090
315-649-2531

352 James Street
Clayton, NY 13624
315-686-1280
315-686-1276

4 Market Street
Alexandria Bay, NY 13607
315-482-2544
315-482-4702

Watertown Savings Bank web address: www.wsbny.com

Oglesby State Bank Texas

Serving and supporting the community of Oglesby and the surrounding area since 1925 stands Oglesby State Bank.  Oglesby State Bank is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  Oglesby State Bank has been FDIC insured since January 1, 1934.  The bank has approximately four full time employees.  As of December 31, 2008 the bank had total assets of $12,724,000 and total deposits of $11,651,000.  To end 2008, Oglesby State Bank had net income of $100,000.

Oglesby State Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 8.66% 
Cost of funding earning assets 3.03% 
Net interest margin 5.63%
Return on assets (ROA) 0.83%
Return on equity (ROE) 10.88%
Noncurrent loans to loans 0.83%
Equity capital to assets 7.62% 
Core capital (leverage) ratio 7.55% 
Tier 1 risk-based capital ratio 10.20% 
Total risk-based capital ratio 11.46%

Oglesby State Bank products and services:

Oglesby State Bank account options include checking accounts, senior checking accounts, NOW accounts, interest-bearing accounts, commercial checking, savings accounts, money market accounts, certificates of deposit accounts and IRA’s.  Oglesby State Bank offers numerous types of loans including: personal loans, personal credit cards, motor vehicle loans, construction loans, residential mortgage loans, home equity loans, home improvement loans, commercial loans and agricultural loans.  The bank also offers online banking features include 24-hour access to account information, account statements, in-bank transfers, detailed transaction histories and electronic bill payment through the FundsXpress Financial Network system.  Commercial customers benefit as well with cash management tools designed to streamline many of the tasks required to manage your business.  Businesses also receive all of the benefits of basic Internet banking, plus the following: ACH origination, payroll direct deposit, electronic federal tax payment system and wire transfers

Oglesby State Bank locations:

117 FM 1996
Oglesby, Texas 76561
254 470-2261
Fax 254 456-2517

Oglesby State Bank web address: www.oglesbysb.com

Bank of Chestnut

Bank of Chestnut is located in the Village of Chestnut, Illinois, which is the geographic center of the State.  The bank was established on January 1, 1902.  Bank of Chestnut has been FDIC insured since January 1, 1934.  Bank of Chestnut is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  As of December 2008, Bank of Chestnut had total assets of $16,178,000 and total deposits of $14,459,000.  For the full year, the bank net income stood at $97,000.  Bank of Chestnut has approximately five full time employees.

Bank of Chestnut most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 6.52% 
Cost of funding earning assets 2.59% 
Net interest margin 3.93%
Return on assets (ROA) 0.61%
Return on equity (ROE) 7.17%
Noncurrent loans to loans 2.17%
Equity capital to assets 8.74% 
Core capital (leverage) ratio 8.59% 
Tier 1 risk-based capital ratio 13.85% 
Total risk-based capital ratio 15.12%
 
Bank of Chestnut products and services:

Basic checking account, regular checking account, NOW accounts, super NOW accounts, money market account, savings account, Christmas club account, certificates of deposit, IRA’s, Traveler’s checks, wire transfer and cashier’s check.  The Bank of Chestnut offers consumer, real estate, commercial and agricultural loans.

Bank of Chestnut bank locations:

100 Olive Street
Box 80
Chestnut, Illinois 62518
Main number 217-796-3305
Fax number 217-796-3307

Bank of Chestnut web address: www.bankofchestnut.com

Silver Lake Bank

Silver Lake Bank was established in 1909 and remains a locally owned and operated bank in Topeka, Kansas.  Silver Lake Bank has been FDIC insured since December 16, 1935.  Silver Lake Bank is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  At the close of 2008, the bank had assets of $202,928,000 and total deposits of $153,706,000.  For the full year of 2008, the bank had net income of $2,272,000.

Silver Lake Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 6.49% 
Cost of funding earning assets 2.39% 
Net interest margin 4.10%
Return on assets (ROA) 1.12%
Return on equity (ROE) 9.20%
Noncurrent loans to loans 0.27%
Equity capital to assets 12.74% 
Core capital (leverage) ratio 12.42% 
Tier 1 risk-based capital ratio 14.22% 
Total risk-based capital ratio 14.96%

Silver Lake Bank products and services:

Consumer bank products and services include: deposit products such as NOW accounts, checking accounts, interest bearing checking accounts, money market and savings accounts, free checking accounts, passbook savings accounts, health savings accounts, IRAs and certificates of deposit.  The bank loan portfolio comprises real estate loans, such as residential mortgages, home equity loans, construction loans, RV loans, auto loans, boat loans, motorcycle loans, CD secured loans, and other personal loans.  Business products and services include business checking, business money market accounts, cash management accounts, commercial loans, agricultural loans and real estate loans.  The bank also offers telephone banking, online banking, safe deposit boxes, domestic and international wire transfers, night deposit, ATM cards and VISA credit and debit cards.

Silver Lake Bank branch locations:

Main Office
Silver Lake Bank
201 NW Hwy.24
P.O. Box 8330
Topeka, KS 66608
Phone: 785.232.0102 Fax: 785.232.4010

Silver Lake Bank
2011 SW Gage Blvd.
Topeka, KS 66604
Phone: 785.272-2270 Fax: 785.272.7303

Silver Lake Bank
2100 SW Urish Rd.
Topeka, KS 66614
Phone: 785.290.2270 Fax: 785.290.2273

Silver Lake Bank
209 Railroad St.
P.O. Box 69
Silver Lake, KS 66539
Phone: 785.582.4651 Fax: 785.582.4120

Silver Lake Bank web address: www.wainwrightbank.com

The First National Bank of Syracuse

The First National Bank of Syracuse main bank is located in Syracuse, Kansas, with a bank branch located in Johnson, Kansas, and two bank branches in Garden City, Kansas.  The bank was established on February 10, 1906.  The First National Bank of Syracuse has been FDIC insured since January 1, 1934.  The First National Bank of Syracuse is chartered as a National Bank.  Therefore the primary regulator is the Office of the Comptroller of the Currency (OCC).  The bank has approximately 55 full time employees.  As of the close of 2008, the bank had total assets of $214,591,000 and total deposits of $175,631,000.  For the full year, the bank net income was $1,616,000.

The First National Bank of Syracuse most recent performance ratios.
As of December 31, 2008:

Return on equity (ROE) 8.68%
Return on assets (ROA) 0.81%
Yield on earning assets 7.04% 
Cost of funding earning assets 3.18% 
Noncurrent loans to loans 0.06%
Equity capital to assets 10.76% 
Core capital (leverage) ratio 9.55% 
Tier 1 risk-based capital ratio 11.48% 
Total risk-based capital ratio 12.73%
 
The First National Bank of Syracuse products and services:

Checking accounts, Dream checking, First free checking account, Windmill Premier account – interest earning account, Windmill Classic account, savings accounts, First savings account, First Gold account, First Outstanding student savings account, certificates of deposit, personal loans, auto loans, a variety of home mortgage loans, business checking, Windmill business account, First free business account, business loans, commercial loans, agricultural loans, dairy loans, online services, online banking and free online bill pay.  FNB-Syracuse’s lending focus is primarily agricultural and commercial products.

The First National Bank of Syracuse branch locations:

11 N. Main
Syracuse, Kansas 67878
Phone (620) 384-7441
Fax (620) 384-6941

509 N. Main
Johnson, Kansas 67855
Phone (620) 492-1754
Fax (620) 492-1755

908 North Main Street
Garden City, Kansas 67846-5421
Phone (620) 276-6971
Fax (620) 276-3495

2414 E. Kansas Ave
Garden City, Kansas 67846
Phone (620) 276-6971
Fax (620) 276-3495

The First National Bank of Syracuse web address: www.fnb-windmill.com

Community Capital Bank

Community Capital Bank provides consumer and business banking services in Georgia.  The bank was established on August 5, 2002.  Community Capital Bank has been FDIC insured since August 5, 2002.  Community Capital Bank is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  The bank has approximately 36 full time employees.  As of December 2008, the bank had total assets of $185,350,000 and total deposits of $143,660,000.  Net income for 2008 was a loss of -$2,961,000.

Community Capital Bank most recent performance ratios.
As of December 31, 2008:

Return on assets (ROA) -1.56%
Return on equity (ROE) -16.23%
Yield on earning assets 5.55% 
Cost of funding earning assets 3.44% 
Net interest margin 2.12%
Noncurrent loans to loans 13.89%
Equity capital to assets 9.51% 
Capital (leverage) ratio 8.62% 
Tier 1 risk-based capital ratio 11.91% 
Total risk-based capital ratio  13.17%

Community Capital Bank products and services:

The banks deposit products include demand deposits, checking accounts and savings accounts, NOW accounts, IRA accounts, HSA accounts, money market accounts and time deposits, as well as certificates of deposit.  The bank’s loan portfolio comprises a variety of commercial and consumer loans.  Consumer loans include auto loans, residential mortgage loans, construction loans, home equity loans, CD secured loans, unsecured loans, overdraft protection and personal lines of credit.  The commercial lending department specializes in loans for real estate acquisition and development, construction projects, business expansion, equipment purchases, lines of credit, short term loans, and SBA related lending.

Community Capital Bank branch locations:

2236 Mt. Zion Road
Jonesboro, Georgia 30236
Phone: (770) 472-5020
Fax: (770) 472-5021
Telephone Banking: (877) 350-7220

909 Eagles Landing Parkway
Ste. 440
Stockbridge, Georgia 30281
Phone: (770) 506-0622
Fax: (770) 506-0644

655 North Jeff Davis Drive
Fayetteville, Georgia 30214
Phone: (770) 460-2777
Fax: (770)460-2778

Community Capital Bank web address: www.ccbank.us

Northrim Bank

Northrim Bank opened for business in a trailer in the parking lot at 3111 C Street with 21 employees in 1990 in Anchorage, Alaska.  Northrim Bank has been FDIC insured since December 4, 1990.  Northrim Bank is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  The bank operates as a subsidiary of Northrim Bancorp, Inc.  As of December 31, 2008 the bank had total assets of $1,002,744,000 and total deposits of $848,414,000.  For all of 2008, the bank had net income of $7,813,000.

Northrim Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 6.76% 
Cost of funding earning assets 1.46% 
Net interest margin 5.30%
Return on assets (ROA) 0.77%
Return on equity (ROE) 6.93%
Noncurrent loans to loans 3.66%
Equity capital to assets 11.43% 
Core capital (leverage) ratio 10.77% 
Tier 1 risk-based capital ratio 11.79% 
Total risk-based capital ratio 13.03%

Northrim Bank products and services:

Northrim Bank provides personal and business banking products and services to various businesses, professionals, and individuals in Alaska.  Its deposit products include checking accounts, savings and investments accounts, certificates of deposits, and individual retirement accounts.  The bank’s loan products include aircraft, auto and light truck, motor cycle, pleasure boat, and recreational vehicle loans, as well as home loans.

Northrim Bank branch locations:

811 E. 36th Avenue
Anchorage, AK 99503
Phone: 261-6241 Fax: 561-4541

1501 E. Huffman Road (inside Carrs)
Anchorage, AK 99515
Phone: 348-5334 Fax: 348-5336

9170 Jewel Lake Road
Anchorage, AK 99502
Branch: 266-7448 Fax: 266-7454

3111 C Street
Anchorage, AK 99503
Phone: 562-0062 Fax:261-8784

517 W 7th Ave
Anchorage, AK 99501
Phone: 263-3226 Fax: 263-3271

8730 Old Seward Highway
Anchorage, AK 99515
Phone: 522-8886 Fax: 522-8874

2709 Spenard Road
Anchorage, AK 99503
Phone: 263-3389 Fax: 263-3490

12812 Old Glenn Highway
Eagle River, AK 99577
Phone: 694-8998 Fax: 694-9032

850 E. USA Circle
Wasilla, AK 99654
Phone: 376-0330 Fax: 376-0335

360 Merhar Avenue
Fairbanks, AK 99701
Phone: 455-1150 Fax: 455-1168

714 Fourth Avenue
Fairbanks, AK 99701
Phone: 452-1260 Fax: 451-0743

Northrim Bank web address: www.northrim.com.

Newburyport Five Cents Savings Bank

Newburyport Five Cents Savings Bank is a Massachusetts based savings bank.  Newburyport Five Cents Savings Bank was established on April 1, 1854
The bank has been FDIC insured since July 1, 1985.  Newburyport Five Cents Savings Bank is chartered as a FDIC Savings Bank.  The primary regulator is the Federal Deposit Insurance Corporation (FDIC).  At the close of 2008, the bank had assets of $587,666,000 and total deposits of $396,454,000.  For the full year of 2008, the bank incurred a net loss of -$3,967,000; however the operating income for the year was positive with a net operating income of $551,000.

Newburyport Five Cents Savings Bank most recent performance ratios.
As of December 31, 2008:

Return on assets (ROA) -0.68%
Return on equity (ROE) -4.59%
Yield on earning assets 5.89% 
Cost of funding earning assets 2.93% 
Net interest margin 2.96%
Noncurrent loans to loans 1.80%
Equity capital to assets 13.00% 
Core capital (leverage) ratio 13.20% 
Tier 1 risk-based capital ratio 18.69% 
Total risk-based capital ratio 19.85%
 
Newburyport Five Cents Savings Bank products and services:

Free personal checking account, basic checking, Spinnaker checking account, NOW accounts, money market accounts, premier money market account, statement savings, passbook savings, Christmas clubs, certificate of deposit, IRA services, business checking accounts, business savings account, business money market accounts, real estate loans pesonal and business, business term and equipment loans, SBA loans, business lines of credit, letters of credit, merchant credit card services, night deposit, cash management, home equity loans and lines of credit, fixed rate mortgages, adjustable rate mortgage, personal loan, auto and boat loans, passbook loans, cash Reserve, telephone banking and online banking.

Newburyport Five Cents Savings Bank locations:

63 State Street
Newburyport, MA 01950
Ph. 978.462.3136
Fax 978.462.9672

21 Storey Avenue
Newburyport, MA 01950
Ph. 978.462.0722
Fax 978.462.6703

Crossroads Plaza
Salisbury, MA 01952
Ph. 978.462.8771
Fax 978.462.6725

Bank on the Green
27 High Road
Newbury, MA 01951
Ph. 978.462.2645
Fax 978.462.0437

43 Main Street
Amesbury, MA 01913
Ph. 978.388.1102
Fax 978.388.2607

40 Friend Street
Amesbury, MA 01913
Ph. 978.388.3157
Fax 978.388.3196

Newburyport Five Cents Savings Bank web address: www.newburyportbank.com

Dakota County State Bank

Dakota County State Bank was established on November 22, 1963 in South Sioux City, Nebraska.  The bank has been FDIC insured since November 22, 1963.  Dakota County State Bank is chartered as a Federal Reserve Non-member.  The primary regulator is the Federal Deposit Insurance Corporation (FDIC).  As of December 2008, the bank had total assets of $84,228,000 and total deposits of $69,549,000.  Dakota County State Bank has approximately 29 full time employees.  For the full year of 2008, the bank’s net income was $1,505,000.

Dakota County State Bank most recent performance ratios.
As of December 31, 2008:

Return on equity (ROE) 20.78%
Return on assets (ROA) 1.78%
Yield on earning assets 6.44% 
Cost of funding earning assets 2.25% 
Net interest margin 4.19%
Noncurrent loans to loans 0.77%
Equity capital to assets 8.44% 
Core capital (leverage) ratio 8.53% 
Tier 1 risk-based capital ratio 11.45% 
Total risk-based capital ratio 12.70%
 
Dakota County State Bank products and services:

Personal checking accounts, free checking accounts, preferred checking accounts, Elite checking accounts, senior checking accounts, personal savings, Buddy Club savings, preferred savings, retirement (IRA) savings, certificates of deposit, money market account, business checking accounts, Value business partner accounts, business Partner accounts, business Partner Plus, Business Partner savings, vehicle loans, SUV loans, boat loans, RV loans, secured and unsecured loans, home loan financing including FHA, VA, NIFA, construction, home equity, home improvements, commercial and agricultural loans.  The bank also offers investment services, insurance services, credit cards, online banking and bill pay.

Dakota County State Bank locations:

Main Bank
2024 Dakota Avenue
South Sioux City, NE
Phone 402-494-4215
Fax 402-494-4200

Hy-Vee Bank Branch
2501 Cornhusker Drive
South Sioux City, NE
Phone 402-494-4215
Fax 402-494-0500

South Ridge Bank Branch
3300 Plaza Drive
South Sioux City, NE
Phone 402-494-4215
Fax 402-494-3131

Dakota County State Bank web address: www.dcsb.com

Avidia Bank

Avidia Bank was formed in 2007 by a merger between two Massachusetts financial institutions, Hudson Savings Bank and Westborough Bank.  Avidia Bank is chartered as a FDIC Savings Bank.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  The bank has nine bank branches located in seven towns in central Massachusetts: Hudson, Westborough, Clinton, Leominster, Marlborough, Northborough and Shrewsbury.  In 2008 the bank had assets of $939,313,000 and total deposits of $638,267,000.  Net income for the year was $270,000.

Hudson Savings Bank opened for business in 1869, and has been headquartered at 42 Main Street in Hudson since 1895.  Hudson Savings is one of the largest mortgage lenders in central Massachusetts and served customers in five offices located in four different towns.  Westborough Bank also began doing business in 1869.  Westborough Bank served customers from four offices in three area towns.

Avidia Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 5.88% 
Cost of funding earning assets 3.19%
Net interest margin  2.69%
Return on assets (ROA) 0.03%
Return on equity (ROE)  0.38%
Noncurrent loans stood at 1.36%
Equity capital to assets  7.56%
Core capital (leverage) ratio 6.05%
Tier 1 risk-based capital ratio 8.62%
Total risk-based capital ratio 9.56%
Equity capital to assets 7.56%

Avidia Bank products and services:

Certificates of deposit and IRAs, senior checking account, super NOW, value NOW which is a basic interest bearing checking account, smart checking is a checking account free of transaction and service fees, the most account, smart savings is a statement savings account, passbook accounts, money market account, wide variety of fixed and variable rate mortgages, equity loans, consumer loans for a wide variety of purposes, including the purchase of a new or used car, a recreational vehicle, or mobile home, collateral loans, credit cards, personal unsecured loans-even loans through overdraft protection, credit cards, internet banking, investment and trust services department and savings bank life insurance, corporate checking account, business debit card, basic business checking account, commercial mortgages, construction/land development loans, business term loans, working capital lines of credit, cash management services, trust services, investment services, business banking right over the internet and merchant bank card processing.

Main Office
42 Main Street
Hudson, MA 01749

221 Washington Street
Hudson, MA 01749

100 E. Main Street
Westborough, MA 01581

1073 Main Street
Clinton, MA 01510

470 Lancaster Street
Leominster, MA 01453

256 Maple Street
Marlborough, MA 01752

53 W. Main Street
Northborough, MA, 01532

23 Maple Avenue
Shrewsbury, MA 01545

Phone number connecting all offices: 800-508-2265

Web address: www.avidiabank.com

Bank of Fall River

Bank of Fall River is a community bank headquartered in Fall River, Massachusetts.  The bank was established on January 1, 1888.  Bank of Fall River, a Co-operative Bank has been FDIC insured since February 5, 1986.  The bank is chartered as a Federal Reserve Member.  Therefore the primary regulator is the Federal Reserve Board (FRB).  At the close of 2008, the bank had total assets $141,146,000 and total deposits of $116,555,000.  For the year, the bank produced a net loss -$748,000 but had a net operating income of $350,000.

Bank of Fall River performance ratios.

Return on assets (ROA) -0.55%
Return on equity (ROE) -5.60%
Noncurrent loans to loans 2.67%
Equity capital to assets 9.12% 
Core capital (leverage) ratio 9.49% 
Tier 1 risk-based capital ratio 14.60% 
Total risk-based capital ratio 15.87%
 
Bank of Fall River products and services:

Totally free checking accounts, no minimum interest checking account,
Economy interest checking account, 50+ free interest checking account, VIP free interest checking account, Wall Street checking account, money market checking account, Interest On Lawyers’ Trust Accounts, passbook savings, statement savings, money market savings, Christmas Club account, certificates of deposit, retirement accounts (IRA), U.S. savings bonds, automobile loans, R.V./Boat loans, personal loans, fixed rate mortgages, adjustable rate mortgages, first time home buyers programs, residential construction mortgages, fixed rate home equity loans, home equity line of credit, home improvement loans, passbook loans, overdraft protection, online banking, online bill payment, telephone banking, small business checking, small business Interest checking, commercial checking accounts, commercial loans, lockbox service, equipment leasing program
Main Office
30 Bedford Street, Fall River, MA 02720
Telephone (508) 678-7655
FAX (508) 679-9844

N. Dighton/Taunton Bank Branch
438 Spring Street, N. Dighton, MA 02764
Telephone (508) 824-6161
FAX (508) 824-6176

Pleasant St. Bank Branch
1485 Pleasant Street, Fall River, MA 02723
Telephone (508) 675-6617 or (508) 675-3411
FAX (508) 675-2707

Fairhaven Bank Branch
75 Alden Road, Fairhaven, MA 02719
Telephone (508) 992-7251 or (508) 994-8326
FAX (508) 992-7311

Web address: www.bankoffallriver.com

Custer Federal Savings and Loan Association

Custer Federal opened in March of 1925 in central Nebraska.  The bank specializes in commercial lending.  Custer Federal Savings and Loan Association has been FDIC insured since March 21, 1935.  Custer Federal Savings and Loan Association is chartered as a Savings Association.  Therefore the primary regulator is the Office of Thrift Supervision (OTS).  As of December 31, 2008, the bank had total assets of $57,880,000 and total deposits of $51,831,000.  For all of 2008, the bank had net income of $613,000.

Custer Federal Savings and Loan Association most recent performance ratios.
As of December 31, 2008:

Return on equity (ROE) 11.26%
Return on assets (ROA) 1.05%
Noncurrent loans to loans 2.62%
Equity capital to assets 8.69%
Core capital (leverage) ratio 8.79%
Tier 1 risk-based capital ratio12.26%
Total risk-based capital ratio12.93%

Custer Federal Savings and Loan Association products and services:

Premier checking accounts, first checking account, Sterling checking, professional checking, free checking accounts, statement savings, certificates of deposit, agriculture operating loan, agriculture intermediate term loan, agriculture real estate loan, personal loans, automobile loans, home loans, home improvement loans (Title I), safe deposit boxes, wiring services, United States savings bonds, cashiers checks, money orders and free notary services

Custer Federal Savings and Loan Association operates in one bank location.
341 South 10th Avenue
Broken Bow NE 68822
308)-872-6486
(877)-860-2266 – Toll Free
(308)-872-5442 – Fax

Web address: www.custerfederal.com

Adams Bank & Trust

Adams Bank & Trust was established on February 26, 1962 and has been FDIC insured since February 26, 1962.  The bank is chartered as a Federal Reserve Member.  Therefore the primary regulator is the Federal Reserve Board (FRB).  The bank is based in Ogallala, Nebraska in the southwest corner of Nebraska.  Adams Bank & Trust is one of the largest Agriculture banks in the nation.  The bank has branches in both southwest Nebraska and northeast Colorado.  As of December 2008, the bank had total assets of $480,763,000 and total deposits of $358,885,000.  For the full year of 2008, the bank had net income of $4,251,000.

Adams Bank & Trust most recent performance ratios.
As of December 31, 2008:

Return on assets (ROA) 0.93%
Return on equity (ROE) 11.11%
Noncurrent loans to loans 0.67%
Equity capital to assets  8.28%
Core capital (leverage) ratio 8.30%
Tier 1 risk-based capital ratio 9.28%
Total risk-based capital ratio 10.53%

Adams Bank & Trust products and services:

Transaction accounts include; Gold checking account, Ultimate free checking account, interest bearing checking account, Platinum 50 checking account and Platinum 50 Plus checking account.  The bank offers insured money market accounts, savings accounts and certificates of deposit (for any term from 1–60 months).  Tax-deferred retirement plans include IRA’s and Roth IRA’s.  Loan services include overdraft protection, business and agricultural loans, auto loans, home improvement loans, mortgage loans, second mortgages and construction loans.  The bank also features complete trust services, Internet banking, online bill pay, 24-hour banking, E-statements, bank-by-mail, leasing, foreign exchange, Visa check cards and various convenience services.

Bank Locations:

Central Operations Center
205 North Spruce Street
P.O. Box 720
Ogallala, NE 69153-0720
(308) 284-4071  or  (800) 422-3488
Fax:  (308) 284-4504

Ogallala Bank Branch
315 North Spruce Street
P.O. Box 720
Ogallala, NE 69153-0720
(308) 284-4071  or
(800) 422-3488
Fax:  (308) 284-3322

Brule Bank Branch
202 State Street
P.O. Box 156
Brule, NE  69127-0156
Phone:  (308) 287-2344
Fax:  (308) 287-2570

Chappell Bank Branch
641 Second Street
P.O. Box 688
Chappell, NE  69129-0688
Phone:  (308) 874-2800
Fax:  (308) 874-2881

Lodgepole Bank Branch
702 Sheldon Street
P.O. Box 97
Lodgepole, NE  69149-0097
Phone:  (308) 483-5211
Fax:  (308) 284-3322

Indianola Bank Branch
205 North 4th Street
P.O. Box A
Indianola, NE  69034
Phone:  (308) 364-2215
Fax:   (308) 364-2194

Grant Bank Branch
155 Central Avenue
P.O. Box 160
Grant, NE  69140-0160
Phone:  (308) 352-2114
Fax:  (308) 352-4934

Madrid Bank Branch
Perkins Avenue
P.O. Box 98
Madrid, NE  69150-0098
Phone:  (308) 326-4223
Fax:  (308) 326-4381

Imperial Bank Branch
545 Broadway
P.O. Box 279
Imperial, NE  69033-0279
Phone:  (308) 882-4286
Fax:  (308) 882-4280

North Platte Bank Branch
121 South Jeffers
P.O. Box 189
North Platte, NE  69103-0189
Phone:  (308) 532-5936
Fax:  (308) 532-5937

Sutherland Bank Branch
131 Walnut Street
P.O. Box 157
Sutherland, NE  69165-0157
Phone:  (308) 386-4345
Fax:  (308) 386-4671

Ft. Collins Bank Branch
7800 South Highway 287
Ft. Collins, CO  80525-0670
Phone:  (970) 667-4308
Fax:  (970) 667-4398

Firestone Bank Branch
8308 Colorado Blvd.
P.O. Box 790
Firestone, CO  80520-0790
Phone:  (303) 833-3575
Fax:  (303) 833-2796

Berthoud Bank Branch
1201 Lake Avenue
Berthoud, CO  80513
Phone:  (970) 532-1800
Fax:  (970) 532-1802

Cheyenne Mountain Bank Branch
265 East Cheyenne Mountain Blvd.
Colorado Springs, CO  80906
Phone:  (719) 448-0707
Fax:  (719) 540-3966

Garden of the Gods Bank Branch
1310 Garden of the Gods Road
Colorado Springs, CO  80907
Phone:  (719) 448-0707
Fax:  (719) 667-5500

Web address: www.abtbank.com

First National Bank of Baldwin County

First National Bank of Baldwin County is chartered as a National Bank, headquartered in the state of Alabama.  The bank was established on December 28, 2001and has been FDIC insured since December 28, 2001.  The primary regulator is the Office of the Comptroller of the Currency (OCC).  As of December 31 2008, First National Bank of Baldwin County generated assets of $267,207,000.00 and total deposits of $228,620,000.  For the full year of 2008 the bank had a net loss of -$4,035,000.  The bank has approximately 79 employees in six bank branches.

First National Bank of Baldwin County most recent performance ratios.
As of December 31, 2008:

Return on equity (ROE) -16.26%
Return on assets (ROA) -1.58%
Yield on earning assets 6.06%
Cost of funding earning assets 2.73%
Noncurrent loans to loans 1.80% 
Equity capital to assets 9.34% 
Core capital (leverage) ratio 9.06% 
Tier 1 risk-based capital ratio 11.11% 
Total risk-based capital ratio 12.37%

First National Bank of Baldwin County products and services:

Free checking accounts, access checking account, money market, certificates of deposit, savings accounts, checking with high interest rates, 50 + checking, first account available to ages 24 and younger, first and second mortgages for conventional, VA, conforming and jumbo loans, interest only mortgages, fixed rate and adjustable mortgages, business checking, streamlined business checking, sole proprietor checking, non-profit account, corporate sweep account, business money market account and a condo/homeowners association account.

Bank branch locations:

First National Bank of Baldwin County
Foley Main Bank Branch
1207 North McKenzie Street
Foley, AL 36535
Phone: 251.943.5656
Fax: 251.943.5757

Gulf Shores Bank Branch
205 East 20th Avenue
Gulf Shores, AL 36542
Phone: 251.968.6565
Fax: 251.968.1960

Fairhope Bank Branch
408 Fairhope Avenue
Fairhope, AL 36532
Phone: 251.990.6474
Fax: 251.990.6677

Orange Beach Bank Branch
25556 Canal Road
Orange Beach, AL 36561
Phone: 251.923.1000
Fax: 251.943.6053

Daphne Bank Branch
1415 Hwy 98
Daphne, AL 36526
Phone: 251.621.9101
Fax: 251.445.0606

Spanish Fort Bank Branch
6470 Spanish Fort Blvd.
Spanish Fort, AL 36527
Phone: 251.621.7550
Fax: 251.445.6292

Bay Minette Loan Production Office
211 B East First Street
Bay Minette, AL 36507
Phone: 251.937.5337
Fax: 251.937.3733

Web address: www.firstbaldwin.com

Renasant Bank

Renasant Bank was established on February 27, 1904.  The bank has 63 domestic bank branches located in 3 states; Alabama, Mississippi, and Tennessee.  Renasant Bank has been FDIC insured since January 1, 1934.  Renasant Bank is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  As of December 31, 2008 the bank had assets of $3,710,374,000 and net income of $27,285,000.00.  Total deposits stood at $2,349,480,000.  Approximate employee count was 866 full time employees.

Renasant Corporation is the parent of Renasant Bank and Renasant Insurance, Inc. The Company operates 67 community banking, insurance, mortgage and financial services offices.

Renasant Bank most recent performance ratios.
As of December 31, 2008:

Noncurrent loans to loans 1.55% 
Equity capital to assets 12.51% 
Core capital (leverage) ratio 8.07% 
Tier 1 risk-based capital ratio 10.49% 
Total risk-based capital ratio 11.74%
Yield on earning assets 6.29% 
Cost of funding earning assets 2.70% 
Net interest margin  3.59%
 
Renasant Bank products and services:

Checking, totally free checking, rewards checking, 50+ free interest checking, convenience Free Interest Checking, choice Rate checking, Renasant advantage, online banking, money market, savings, regular savings, children’s savings, health savings account (HSA), certificates of deposit / IRAs,  credit cards, debit / ATM cards, check re-order, consumer loans, mortgage loans, totally free business checking, business interest checking, business analysis checking, money market, credit cards, debit cards, merchant (credit) card processing, treasury management, commercial loans, commercial, home equity lines and loans, personal and automobile loans, student loans, mortgage, retail brokerage services, trust services, retirement plan services, personal insurance and business insurance.

Renasant Bank main office (headquarters) is located at:
209 Troy Street
Tupelo, Mississippi 38801

Web address: www.renasantbank.com

The Village Bank Utah

The Village Bank is a state-chartered independent bank that serves the residents and businesses of Washington County and portions of Iron County, Utah and Clark County, Nevada.  The bank was established on August 7, 1996.  The Village Bank has been FDIC insured since August 7, 1996.  The Village Bank has four bank branches.  The Village Bank is chartered as a Federal Reserve Non-member and the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  The bank had total assets of $265,910,000 at the end of 2008 and net income for the year of $1,886,000.  Total deposits stood at $219,157,000.  Approximate number of full time employees at the bank is 72.

The Village Bank most recent performance ratios.
As of December 31, 2008:

Noncurrent loans to loans 3.57%
Equity capital to assets 9.14%
Core capital (leverage) ratio 8.61%
Tier 1 risk-based capital ratio 10.35%
Total risk-based capital ratio 11.45%
Return on assets (ROA) 0.71%
Return on equity (ROE)  8.01%

The Village Bank products and services:

Free checking accounts, senior checking accounts, student checking accounts, basic checking accounts, checking accounts with added benefits, standard savings accounts, student savings accounts, money market accounts, high yield money market accounts, certificates of deposit, Individual Retirement Accounts, Health Savings Accounts, private banking, business checking, business savings, business money market accounts, business certificates of deposit, merchants services, remote deposit capture, commercial real estate loans, equipment financing, business lines of credit, sweep accounts, auto loans, personal loans, home equity loans, lot loans, construction loans, residential mortgages and credit cards.

The Village Bank has 4 offices, 24 hour ATM access at each location, telephone banking, and internet banking.

Tabernacle Office
294 East Tabernacle
St. George, UT 84770
Phone: 435.674.5200
Fax: 435.628.0580

Sunset Office
1091 N. Bluff St.
St. George, UT 84770
Phone: 435.652.8200
Fax: 435.652.3614

River Road Office
1224 S. River Road
St. George, UT 84790
Phone: 435.627.1100
Fax: 435.652.9499

Cotton Mill Office
710 W. Telegraph
Washington, UT 84780
Phone: 435.656.5515
Fax: 435.251.9288

Web address: www.thevillagebank.com

Wainwright Bank & Trust Company

Wainwright Bank & Trust Company was established on July 27, 1987.  The bank has been FDIC insured since in its inception at that time.  Wainwright Bank & Trust Company is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  The bank had total assets of $1,055,371,000 at the close of 2008.  Of that sum, total deposits were $717,424,000.  For the year, the bank had net income of $3,344,000. 
 
Wainwright Bank & Trust Company most recent performance ratios.
As of December 31, 2008:
Noncurrent loans to loans 0.25%
Core capital (leverage) ratio 8.93%
Tier 1 risk-based capital ratio 11.51%
Total risk-based capital ratio 13.26%
Return on assets 0.34%
Return on equity 4.67%

Wainwright Bank & Trust Company products and services:
Deposit products include NOW and demand deposit accounts, money market and savings accounts, checking accounts, and certificates of deposit.  The bank loan portfolio comprises real estate loans, such as residential mortgages, equity credit lines, mortgages on developed commercial properties, and construction and development loans; and commercial loans to businesses and individuals.  The company also provides telephone banking, online banking, safe deposit boxes, domestic and international wire transfers, night deposit, ATM cards, VISA credit and debit cards, treasurer’s checks and money orders, currency and coin ordering, and investment management services.

Corporate Offices
63 Franklin Street
Boston, MA 02110
617-478-4000
1-888-428-2265

Davis Square
250 Elm Street
Somerville, MA 02144
617-628-9700

Kendall Square
One Broadway
Cambridge, MA 02142
617-498-2500

Ashmont Station
1906 Dorchester Avenue
Dorchester, MA 02124
617-929-1906

Downtown Crossing
63 Franklin Street
Boston, MA 02110
617-526-0170

Newton Centre
1255 Centre Street
Newton, MA 02459
617-969-6330

Back Bay / South End Station
155 Dartmouth Street
Boston, MA 02116
617-927-2200

Fresh Pond Mall
176 Alewife Brook Parkway
Cambridge, MA 02138
617-234-2255

Watertown
One Church Street
Watertown, MA 02472
617-926-7588

Central Square
647 Massachusetts Avenue
Cambridge, MA 02139
617-354-2445

Harvard Square
One Brattle Square
Cambridge, MA 02138
617-354-3616

Coolidge Corner
301 Harvard Street
Brookline, MA 02446
617-739-2010

Jamaica Plain
687 Centre Street
Jamaica Plain, MA 02130
617-971-9550

Web address: www.wainwrightbank.com

South Coastal Bank, Massachusetts

South Coastal Bank is based in Rockland, Massachusetts and has bank branches in Rockland, Braintree, Scituate, and Quincy.  The bank was established on March 30, 1868 under its original name of Rockland Savings Bank and has been FDIC insured since March 2, 1981.  South Coastal Bank is chartered as a FDIC Savings Bank; therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  As of December 31, 2008 the bank had assets of $259,278,000 of which total deposits were $177,607,000.  For all of 2008, the bank had net income of $658,000. The bank has approximately 41 employees.

South Coastal Bank most recent performance ratios.
As of December 31, 2008:

Noncurrent loans to loans 0.02%
Core capital (leverage) ratio 6.10%
Tier 1 risk-based capital ratio 9.97%
Total risk-based capital ratio 11.00%
Return on assets 0.27%
Return on equity 4.23%

South Coastal Bank products and services:

Free checking account, interest checking account, money market account, Premium money market account, Premium Plus money market account, statement savings account, passbook savings account, certificate of deposit, Individual Retirement Account, online banking, direct deposit, telephone banking, unsecured installment loan, auto loan (new), auto loan (used), overdraft protection, home equity plus, residential mortgages, business checking accounts, business investments and interest rates, business sweep account and interest rates, commercial lending and online banking for business

Bank locations:

Rockland Office
279 Union Street
Rockland MA 02370
Phone: (781) 878-5252
Fax: (781) 878-1941

Scituate Office
54 Front Street
Scituate MA 02066
Phone: (781) 545-5500
Fax: (781) 545-0688

Quincy Office
1259 Hancock Street
Quincy MA 02169
Phone: (617) 984-0011
Fax: (617) 984-0666

Braintree Office
405 Washington Street
Braintree MA 02184
Phone: (781) 356-4666
Fax: (781) 356-8666

Web address: www.southcoastalbank.com

The Highlands Bank, Louisiana

The Highlands Bank is headquartered in Jackson, Louisiana and has four additional bank branches in Slaughter, St. Francisville, Zachary and Baton Rouge.  The bank was established on January 1, 1904.  The Highlands Bank has been FDIC insured since January 1, 1934.  The bank is chartered as a Federal Reserve Non-member, therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  As of the close of 2008, the bank had assets of $118,807,000 and net income for the year of $1,607,000.

The Highlands Bank most recent performance ratios.
As of December 31, 2008:
Noncurrent loans to total loans 0.40%
Equity capital to assets 9.94%
Core capital (leverage) ratio 9.82%
Tier 1 risk-based capital ratio 12.42%
Total risk-based capital ratio 13.55%

The Highlands Bank products and services:
Regular personal checking, Flex account, direct account, free checking account, NOW accounts-indiviual, Individual money market accounts, MOOR Account, savings accounts, certificates of deposit, consumer and commercial loans include:
interim construction loans, lot loans, land loans, commercial property, home equity loans, personal loans, car loans, truck loans, boat loans, business loans, fixed rate mortgages, adjustable rate mortgages, interest only mortgages, conforming and jumbo mortgages, mortgage programs that include up to 100% home financing and
one time close – construction to permanent loan.

Bank locations:

Jackson (Main Office)
1542 Charter St.
P.O. Box 248
Jackson, La 70748
Jackson Line: 225.634.7741
Fax: 225.634.2066

Slaughter Office
137 HWY. 19
P.O. Box 248
Slaughter, La 70777
Jackson Line: 225.634.2077
Zachary Line: 225.654.0314
Fax: 225.634.2077

St. Francisville Office
7370 HWY. 61
P.O. Box 3028
St. Francisville, La 70775
St. Francisville Line: 225.635.3367
Fax: 225.635.5468

Zachary Office
1112 Church St.
P.O. Box 738
Slaughter, La 70791
Jackson Line: 225.634.2078
Zachary Line: 225.654.4474
Fax: 225.654.0727

Baton Rouge Highland Road Office
5505 Highland Rd.
Baton Rouge, LA 70808
Phone: 225.766.6663
Fax: 225.766.6657

Web address: www.thehighlandsbank.net

First Bancorp

First Bancorp is a bank holding company that is headquartered in Troy, North Carolina.  First Bancorp owns and operates First Bank, a state-chartered community bank that was founded in 1934.  First Bank operates 74 branch offices with 63 branches operating in a 21 county market area in the central piedmont and coastal regions of North Carolina, 6 branches in South Carolina and 5 branches in Virginia where First Bank does business as First Bank of Virginia.  First Bank also has a loan production office in Blacksburg, Virginia.  First Bancorp’s common stock is traded on the NASDAQ Global Select Market under the symbol FBNC.  First Bancorp has total assets exceeding $2.5 billion.  As of December 31, 2007, the company had 574 full time and 81 part time employees.  The holding company also owns and operates a nonbank subsidiary, Montgomery Data Services, Inc. a data processing company.  Ranked by assets, the bank was the 7th largest bank headquartered in North Carolina as of December 31, 2007

First Bancorp should not be confused with First Bancorp in Virginia or First BanCorp in Puerto Rico.

First Bank engages in a full range of banking activities, with the acceptance of deposits and the making of loans being its most basic activities.   The bank offers a range of banking services to individuals and small to medium sized businesses in North Carolina.  The bank’s deposit products include checking, savings, NOW, money market accounts, time deposits, certificates of deposits and individual retirement accounts.  The bank’s loan portfolio entails loans for businesses, agriculture, real estate, personal uses, home improvement, and automobiles.  The company also offers credit cards, debit cards, letters of credit, safe deposit box rentals, and bank money orders, as well as electronic funds transfer services, including wire transfers; Internet banking, cash management, and telephone banking capabilities; and access to automated teller machines.  In addition, it provides electronic data processing services, as well as engages in the real estate investment business. 

Further, the company engages in placement of property and casualty insurance products.  The bank is affiliated with ATM networks that give bank customer’s access to 50,000 ATMs, with no surcharge fee.   In 2007, the bank introduced remote capture, which allows business customers with a method to electronically transmit checks received from customers into their bank account without having to visit a branch.  Also in 2007, the bank began an initiative to grow its Hispanic customer base by opening two uniquely Hispanic branches under the trade name “Primer Banco,” which means First Bank in Spanish. 

Montgomery Data’s primary business is to provide electronic data processing services for the bank.  Ownership and operation of Montgomery Data allows the company to do all of its electronic data processing without paying fees for such services to an independent provider.  Maintaining its own data processing system also allows the company to adapt the system to its individual needs and to the services and products it offers.  Although not a significant source of income, Montgomery Data has historically made its excess data processing capabilities available to area financial institutions for a fee.  For the years ended December 31, 2007, 2006 and 2005, external customers provided gross revenues of $204,000, $162,000 and $279,000, respectively.  During 2005, two of the five customers terminated their services with Montgomery Data and switched to another provider.  During 2006, one other customer terminated its service, which left Montgomery Data with two outside customers as of December 31, 2006 and 2007.  Montgomery Data intends to continue to market its services to area banks, but does not currently have any near-term prospects for additional business.

First Bank Insurance is a division of First Bank.  The primary activity of First Bank Insurance is now the placement of property and casualty insurance products.

First Bank Insurance Services offers a variety of personal insurance plans including: homeowners insurance, renters insurance, automobile insurance, insurance for valuable items, flood insurance, water craft insurance, recreation vehicle insurance, and personal umbrella policies.  First Bank Insurance Services also offers a variety of life and health insurance plans including: life insurance, health insurance, Medicare supplements, dental insurance, disability insurance, mortgage protection policies, long term care insurance as well as annuities.

As of September 30, 2008 First Bank had total assets that amounted to $2.7 billion, 18.2% higher than a year earlier.  Total loans at September 30, 2008 amounted to $2.2 billion, a 20.3% increase from a year earlier, and total deposits amounted to $2.0 billion at September 30, 2008, an 11.2% increase from a year earlier.

Net income for the third quarter of 2008 amounted to $6,197,000.  This represents an increase in net income of 7.9% from the $5,743,000 reported in the third quarter of 2007.  For the nine months ended September 30, 2008, net income amounted to $17,004,000.  This represents an increase in net income of 6.0% from the net income of $16,048,000 for the first nine months of 2007.  The 2008 earnings reflect the impact of the acquisition of Great Pee Dee Bancorp, which had $213 million in total assets as of the acquisition date of April 1, 2008, and resulted in the issuance of 2,059,091 shares of First Bancorp common stock.

For the twelve months preceding September 30, 2008, loans increased by $373 million, or 20.3%, of which $185 million was internal growth and $189 million was from the acquisition of Great Pee Dee Bancorp that occurred early in the second quarter of 2008.  Over that same period, deposits increased $204 million, or 11.2%, of which $56 million was internal growth and $148 million was from the acquisition of Great Pee Dee.  For the first nine months of 2008, loans increased by $317 million, or 16.8%, and deposits increased by $185 million, or 10.0%.

The bank experienced solid growth in deposits.  The high growth in money market accounts and savings accounts was due to growth of balances in specific products within these categories that pay premium interest rates.  A portion of the growth of certificates of deposits greater than $100,000 relates to growth in brokered CD’s.   Brokered CD’s amounted to $47 million at September 30, 2008 compared $22 million at June 30, 2008 and zero at December 31, 2007 and September 30, 2007.  The bank utilized brokered CD’s more heavily in the third quarter of 2008 because they had interest rates meaningfully lower than the interest rates being offered by several local competitors in our marketplace.  The $47 million in brokered CD’s at September 30, 2008 represented just 2.3% of our total deposits.  The general declines in certificates of deposits less than $100,000 were a result of the banks decision not to match high promotional time deposit rates being offered by several of our local competitors and, as a result, losing the deposits.

The mix in the loan portfolio remained substantially the same at September 30, 2008 compared to December 31, 2007, with approximately 88% of our loans being real estate loans, 9% being commercial, financial, and agricultural loans, and the remaining 3% being consumer installment loans.  The majority of the real estate loans are personal and commercial loans where real estate provides additional security for the loan.

Although the bank has no subprime exposure, the bank experienced increases in delinquencies and classified assets consistent with current economic conditions.  At September 30, 2008, nonperforming assets were $24.1 million compared to $20.5 million at June 30, 2008, $10.8 million at December 31, 2007 and $9.0 million at September 30, 2007.  At September 30, 2008, approximately $4.3 million of the banks nonaccrual loans outstanding related to loans assumed in the acquisition of Great Pee Dee.  The total amount receivable related to those loans was $9.0 million at September 30, 2008, the balances of which were written down as of the date of the acquisition by $4.7 million in accordance with applicable accounting requirements.

Net interest income is the largest component of earnings, representing the difference between interest and fees generated from earning assets and the interest costs of deposits and other funds needed to support those assets.  Net interest income for the three month period ended September 30, 2008 amounted to $22,785,000, an increase of $2,608,000, or 12.9%, from the $20,177,000 recorded in the third quarter of 2007.  Net interest income on a taxable equivalent basis for the three months ended September 30, 2008 amounted to $22,950,000, an increase of $2,637,000, or 13.0%, from the $20,313,000 recorded in the third quarter of 2007. 
 
Net interest income for the nine months ended September 30, 2008 amounted to $64,050,000, an increase of $5,329,000, or 9.1%, from the $58,721,000 recorded in the first nine months of 2007.  Net interest income on a taxable equivalent basis for the nine months ended September 30, 2008 amounted to $64,543,000, an increase of $5,423,000, or 9.2%, from the $59,120,000 recorded in the first nine months of 2007.

Although the bank has no subprime exposure, they did experience increases in delinquencies and classified assets consistent with current economic conditions.  At September 30, 2008, nonperforming assets were $24.1 million compared to $20.5 million at June 30, 2008, $10.8 million at December 31, 2007 and $9.0 million at September 30, 2007.  At September 30, 2008, approximately $4.3 million of the nonaccrual loans outstanding related to loans assumed in the acquisition of Great Pee Dee.  The total amount receivable related to those loans was $9.0 million at September 30, 2008, the balances of which were written down as of the date of the acquisition by $4.7 million in accordance with applicable accounting requirements.

The bank has no foreign loans, few agricultural loans and do not engage in significant lease financing or highly leveraged transactions.  Commercial loans are diversified among a variety of industries.  The majority of the real estate loans are primarily personal and commercial loans where real estate provides additional security for the loan.  Collateral for virtually all of these loans is located within our principal market area.

The banks provision for loan losses amounted to $2,851,000 in the third quarter of 2008 compared to $1,299,000 in the third quarter of 2007.  The provision for loan losses for the nine month period ended September 30, 2008 was $6,443,000 compared to $3,742,000 recorded in the first nine months of 2007.  The higher provisions in 2008 are primarily related to negative trends in asset quality, as previously discussed.

In the third quarter of 2008, we recorded $984,000 in net charge-offs, which resulted in an annualized ratio of net charge-offs to average loans of 0.18%, compared to $773,000 (0.17%) in the third quarter of 2007.  For the nine month periods ended September 30, 2008 and 2007, annualized net charge-offs to average loans ratios were 17 basis points and 15 basis points, respectively.  The bank’s ratio of nonperforming assets to total assets was 0.89% at September 30, 2008 compared to 0.39% at September 30, 2007.

At September 30, 2008, the allowance for loan losses amounted to $27,928,000, compared to $21,324,000 at December 31, 2007 and $20,631,000 at September 30, 2007.  The allowance for loan losses as a percentage of total loans was 1.26% at September 30, 2008, 1.13% at December 31, 2007, and 1.12% at September 30, 2007.

September 30, 2008, the bank’s capital ratios exceeded the regulatory minimum ratios.  The tier I capital ratio was 9.29%.

Tompkins Financial Corporation

Tompkins Financial Corporation is a financial holding company and the corporate parent to three community banks, Tompkins Trust Company, The Bank of Castile, and Mahopac National Bank.  Tompkins Financial Corporation also has a wholly owned insurance subsidiary, Tompkins Insurance Agencies, Inc. and a wholly owned financial planning and wealth management subsidiary, AM&M Financial Services, Inc.  The banking division together operates 45 banking offices in local market areas throughout New York State.

Banking services consist primarily of attracting deposits from the areas served by the banking subsidiaries’ 39 banking offices and using those deposits to originate a variety of commercial loans, consumer loans, real estate loans and leases in those same areas.  Residential real estate mortgage loans are generally underwritten in accordance with Federal Home Loan Mortgage Corporation guidelines.  Tompkins Financial banks did not engage in subprime mortgage lending nor did the banks invested in securities backed by subprime mortgages.  The banks also do not hold any shares of Fannie Mae, Freddie Mac, Bear Stearns, Merrill Lynch, Lehman Brothers, AIG, or Washington Mutual stock.  In May 2008, Tompkins Financial Corporation completed the acquisition of another bank, Sleepy Hollow Bancorp.

A more detailed list of the retail banking services, include checking accounts, savings accounts, certificates of deposits, individual retirement accounts, brokerage services, residential mortgage loans, personal loans, home equity loans, credit cards, debit cards and safe deposit services.  Retail services are accessible through a variety of delivery systems with the banks including the bank branch facilities, automated teller machines (ATMs), voice response or telephone banking, Internet banking, and remote deposit services..

As part of the banks commercial services, Tompkins subsidiary banks provide financial services to corporations and other business clients.  These bank service include lending activities for a variety of business purposes, including real estate financing, construction, equipment financing, accounts receivable financing and commercial leasing.  Additional commercial services include deposit and cash management services, letters of credit, sweep accounts, credit cards, purchasing cards, Internet based account services and remote deposit services.

The company provides investment services and trust services through Tompkins Investment Services and AM&M Financial Services, Inc.  Tompkins Investment Services, with office locations at all three of the holding company’s subsidiary banks, provides a range of money management services, including investment management accounts, custody accounts, trusts, retirement plans and rollovers, estate settlement and financial planning.  AM&M Financial Services provides fee-based financial planning for small business owners, professionals and corporate executives and other individuals with complex financial needs.  AM&M Financial Services also provides wealth management services and operates a broker-dealer subsidiary, which is an outsourcing company for financial planners and investment advisors.  AM&M owns a fully registered NASD Broker Dealer.
 
Tompkins Insurance is an independent insurance agency, representing several major insurance carriers with access to special risk property and liability markets.  Tompkins Insurance offers personal and business insurance products.  Tompkins Insurance provides property and casualty insurance services and employee benefits consulting.  Tompkins Insurance has automated systems for record keeping, claim processing and coverage confirmation, and can provide insurance pricing comparisons from some of the country’s insurance companies.  In addition to its seven standalone offices, Tompkins Insurance shares several offices with The Bank of Castile and The Trust Company.  AM&M Financial Services also operates a subsidiary that creates customized risk management plans using life, disability and long-term care insurance products.

Tompkins assets total over $2.7 billion.  Each Tompkins Financial subsidiary operates under the direction of its own local management, to better focus on the needs of the communities served.

On October 22, 2008 Tompkins Financial Corporation released their third quarter earnings.

Tompkins Financial Corporation reported net income of $7.9 million for the third quarter of 2008, up 16.6% over net income of $6.8 million reported in the third quarter of 2007. For the first nine months of 2008, net income was $22.6 million up 19.1% over net income of $18.9 million for the same period in 2007.

Total assets were $2.7 billion at September 30, 2008, up $408.2 million or 17.6% from September 30, 2007. Total loans were $1.7 billion at September 30, 2008, representing a 24.2% increase from the prior year. Total deposits at September 30, 2008, were $2.1 billion, up 21.4% from September 30, 2007

Annualized net charge-offs for the first nine months of the year represented 0.18% of average loans, up from 0.10% for the first nine months of 2007.  Nonperforming assets represented 0.48% of total assets as of September 30, 2008, up from 0.37% at September 30, 2007.  Reflecting the trends in asset quality, provision expense increased from $387,000 for the quarter ended September 30, 2007, to $1.5 million for the quarter ended September 30, 2008.  For the year to date period, provision expense was $3.3 million in 2008, compared to $1.1 million in 2007.  The allowance for loan/lease losses represented 1.01% of total loans as of September 30, 2008, compared to 1.04% at September 30, 2007.

Balance sheet growth contributed to improved net interest income in 2008, for both the third quarter and year to date.  Net interest income of $24.0 million in the third quarter was up 29.9% over the same period in 2007.  For the year to date period, net interest income was $65.6 million, up 20.3% from the same period last year.  Net interest income also benefited from an improved net interest margin, which was 3.92% in the third quarter of 2008, compared to 3.61% in the third quarter of 2007.  For the first nine months of 2008, the net interest margin was 3.79%, compared to 3.61% for the first nine months of 2007.

Noninterest income for the third quarter of 2008 was $11.4 million, down slightly from $11.6 million for the same period in 2007. The economic climate has played a role in this trend as investment services fees, service charges on deposit accounts and card services income were all down slightly from the third quarter of 2007. For the year to date period, noninterest income was $35.7 million in 2008, up 8.7% over the $32.8 million reported for the year to date period in 2007.

Noninterest expenses for the third quarter of 2008 were $22.2 million, up 12.7% from the same period last year.  For the year to date period, noninterest expenses were $64.3 million in 2008, an increase of 10.0% from the same period in 2007.  The increase in both the current quarter and year to date periods is largely in the salary and wages and occupancy expense categories.  These expenses were directly impacted by the Sleepy Hollow acquisition with the addition of five staffed branches.  Prior period comparisons for both the third quarter and year to date periods were also affected by a $1.2 million pre-tax charge related to consulting and reorganization.

Corporate Offices:
Tompkins Financial Corporation
P.O. Box 460
Ithaca, NY 14851
(607) 273-3210

Tompkins Trust Company
P.O. Box 460
Ithaca, NY 14851
(607) 273-3210
www.tompkinstrust.com

The Bank of Castile
90 Main St.
Batavia, NY 14020
(585) 345-0122
www.bankofcastile.com

Mahopac National Bank
1441 Route 22
Brewster, NY 10509
(845) 278-1000
www.mahopacnationalbank.com

Tompkins Insurance Agencies, Inc.
90 Main St.
Batavia, NY 14020
(585) 344-0833
www.tompkinsins.com

AM&M Financial Services, Inc.
179 Sully’s Trail, Suite 200
Pittsford, NY 14534
(585) 248-0050
www.ammfinancial.com

HomeStreet Bank

HomeStreet Bank is a family and employee owned bank.  HomeStreet Bank is based in Seattle and is one of the largest privately owned banks in the Northwest and Hawaii.  The bank has over $2.9 billion in assets and has 31 deposit and lending branches in Washington, Oregon and Hawaii.  HomeStreet Bank’s origin began in 1921 and progressed into a full service bank in 1986.  HomeStreet Bank offers business banking services, consumer banking services, substantial mortgage and lending services, capital financing service and insurance service.

The bank has a full line of banking and lending products for businesses, including loans and lines of credit customized to suit both new and growing small and medium-size businesses.  Consumer banking focuses on serving the neighborhoods and communities around bank branches.  Consumer banking products and services include free checking accounts, CDs, savings accounts, IRAs, money market accounts and more.  The bank has a complete suite of online banking capabilities, including online account opening and paperless statements.  HomeStreet Bank provides financing for residential home builders and real estate developers.  Loan products include residential construction loans for both speculative and pre-sold residential properties, and land acquisition and development loans for the purpose of developing residential building lots.  HomeStreet Capital offers competitive services and loans for permanent, construction, bridge, forward, renovation and refinancing of income property projects through a wide range of loan programs including Fannie Mae DUS and HomeStreet Bank portfolio funds.  HomeStreet Insurance has been in operation since 1928, providing personal and small business insurance products.  Licensed in Washington and Oregon, HomeStreet Insurance is a full-service, independent agency representing a variety of providers including Encompass, Liberty Northwest, Foremost, Jackson National, Mass Mutual, Progressive, RLI, SAFECO, Superior Underwriters, Symetra Financial, Unigard and Zurich.

Based on the consolidated statement of financial conditions posted by HomeStreet Bank for September 30,2008 the bank has total assets
$2 ,838,545,000.00.

The financial statement contained the following information:

Assets

Cash & cash equivalents $ 55,833,000.00
Investment securities available for sale $120,814,000.00
Mortgage loans held for sale $78,050,000.00
Loans held for investment $2,441,996,000.00
Mortgage servicing rights $56,480,000.00
Accounts receivable and other assets $15,604,000.00
Accrued interest receivable $11,057,000.00
Real estate held for sale $11,408,000.00
Federal Home Loan Bank stock $37,027,000.00
Property and equipment, net $10,276,000.00
Total assets $2,838,545,000.00

Liabilities and Shareholders Equity

Deposits $1,789,918,000.00
Federal Home Loan Bank borrowings $728,271,000.00
Other borrowings $37,400,000.00
Accounts payable and other liabilities $28,543,000.00
Federal income taxes payable $679,000.00
Sub Total $2,584,811,000.00
Shareholders’ equity, in accordance with gaap $253,734,000.00
Total $2,838,545,000.00

HomeStreet Bank had the following capital ratios calculated in accordance with FIRREA’s capital standard and exceeded the FDICIA standards of a “well-capitalized” institution:

Total risk-based capital (to risk weighted assets) $284,558,000.00 11.7%
Tier 1 risk-based capital (to risk weighted assets) $253,786,000.00 10.4%
Tier 1 leverage capital (to average assets) $253,786,000.00 8.7%
This statement has been prepared in accordance with the regulatory reporting requirements of the FDIC.

The bank CEO provided the following insight on the banks website,

 “Though HomeStreet Bank is not unaffected by the downturn, we are doing relatively well under the circumstances.  Our bank has been profitable all three quarters of 2008. Our capital ratios have increased.  Our deposits have grown considerably over the past several months. (In fact, the third quarter was our best quarter ever for deposit growth.)
Other factors that have contributed to our profitability this year include:
Increased home lending, despite the soft housing market. Our expertise in FHA, VA and Fannie Mae loans has been particularly important in helping our customers buy or refinance homes.
Record apartment lending, again because of our ability to provide Fannie Mae apartment loans.
As a family- and employee-owned company that’s been in business for nearly 90 years, we are proud of the strong connection we have to our customers and our communities. “
HomeStreet Bank
Home office
2000 Two Union Square
601 Union Street
Seattle, WA 98101

Telephone 206-623-3050
Toll Free 800-654-1075
Web address: www.homestreet.com

Acacia Federal Savings Bank

Acacia Federal Savings Bank is a thrift institution which has been operating in the Washington DC Metro area since it opened in March 1985.  Acacia Federal runs its nationwide deposit operation and conducts regional loan production from one location in Falls Church, Virginia.  Acacia Federals primary transactions and services are retail mortgage lending, construction lending, commercial lending, commercial real estate lending, consumer deposit products, commercial deposit products and consumer lending.  The bank’s web site offers interactive online banking for individual and business customers; the website is located at www.afsbonline.com.  Acacia Federal Savings Bank is a subsidiary of the Acacia Life Insurance Company. 

Acacia Federal Savings Bank offers a variety of standard consumer and business bank products and service through their website.  Some of the specific products and services the bank provides include: checking accounts including no fee checking accounts and interest bearing checking accounts, competitive rates and an assortment of maturities on CDs, tiered money market accounts also with competitive rates and penalty free withdrawals, a full range of mortgage products, free, tax-deferred retirement account programs, Visa check cards, direct deposit, overdraft protection, bill payer services, ATM deposits and more.

Acacia Commercial Banking Group is the commercial banking division of Acacia Federal Savings Bank.  The commercial group provides a wide-ranging selection of bank products to small to mid-size companies.  The commercial bank division provides services for everything from acquisition financing to the latest commercial banking services including online cash management.  The bank works with a variety of business types, and has special expertise in financing information technology and government contracting sectors.  Additional business services include: online cash management, sweep accounts with overnight investments, lockbox service, merchant credit card accounts, payroll accounts, operating accounts, certificates of deposit, money market accounts, personal banking services for executives and employees and an array of other checking, savings and investment accounts for business needs.

Acacia Federal Savings Bank, like most online banks, makes the investing easy. Most new bank customers simply complete an on-line banking application, and then send the bank a check or wire transfer the funds.

Acacia Life Insurance Company operates the subsidiary, Acacia Federal Savings Bank. Acacia Life Insurance Company in turn is owned by Ameritas Holding Company.  Ameritas Holding Company is owned by UNIFI Mutual Holding Company.  UNIFI Companies, Ameritas Life, Acacia Life, Union Central Life and their affiliated companies, offers a wide range of insurance and financial products and services to individuals, families and businesses.  These products and services include life insurance, annuities, individual disability insurance, group dental and eye care insurance, retirement plans, investments, mutual funds, banking and public finance.

Within the mutual holding company structure, Ameritas Life, Acacia Life, Union Central Life and their affiliated companies retain their individual identity while benefiting from combined financial strength and scale to realize new growth opportunities.  Within the mutual holding company structure, UNIFI Mutual Holding Company is the parent company and owns Ameritas Holding Company. Ameritas Holding Company, in turn, owns 100 percent of the stock of Ameritas Life Insurance Corp, Acacia Life Insurance Company and The Union Central Life Insurance Company.

Full year 2007 results for Acacia Federal Savings Bank and the operations and entities of UNIFI Mutual Holding Company included the following:

In 2007 Acacia Federal’s assets ended the year at $1.492 billion.  Earnings were $8.223 million. Also during 2007, Acacia Federal doubled its retail mortgage sales force and had record months for mortgage production in June, July and August.

For the year ending 2007, UNIFI Mutual Holding Company had total assets under management rise to $36.8 billion, up $3.3 billion, or nearly 10 percent, compared to 2006. The year ended with new sales totaling more than $971.2 million.  Pretax operating income for 2007 was $215.8 million, excluding realized gains and nonrecurring expenses. Financial contributions from all lines of business resulted in after-tax net income of $158.1 million.  Compared to December 31, 2006, total equity rose to $2.2 billion and total combined assets were $18 billion.

Pretax net income for our diversified insurance and financial businesses was $234 million, a 3 percent decrease from the prior year.  Excluding realized gains, integration and other nonrecurring costs, pretax operating income was $215.8 million, down 7 percent compared to the prior year.  Total revenues were $1.9 billion, up $112.9 million, or 6 percent, compared to the same period in 2006.  Realized equity, as a percent of total assets, remained strong at 12 percent.  This strong equity position represents the company’s commitment and ability to fulfill future obligations and promises.  Total equity was $2.2 billion, up nearly 5 percent compared to December 31, 2006.  This increase was primarily due to earnings.

Total combined assets were $18 billion, an increase of $733.1 million, or 4 percent, compared to December 31, 2006.  As the major balance sheet asset of UNIFI Companies, the investment portfolios are well diversified with the largest component, the consolidated bond portfolio, having a solid weighted average quality of ‘A.’  Claims and payments to policyholders totaled $2 billion.  These payments consisted of death, disability, dental and eye care payments, as well as annuity and other contractual obligations.

UNIFI Companies Business Units Results

The Individual Division represents the life insurance and annuity operations of Ameritas Life, Acacia Life, Union Central Life and their subsidiaries, and Union Central’s individual disability insurance products.  The division generated pretax income, excluding realized gains, of $75.8 million, a decrease of 23 percent compared to 2006.  Results were impacted by mortality and morbidity experience and an increase in direct expenses related to investing in distribution opportunities and technology.  Retirement Plans Division represents Ameritas Retirements Plans, a division of Ameritas Life, and Union Central Retirement Plans, a division of Union Central Life.  Pretax operating income reached $11.1 million, an increase of 29 percent compared to 2006.  The increase is attributed to higher asset based revenues.  Ameritas Group Division, group dental and eye care insurance, experienced operating pretax income of $36.8 million, down 6 percent compared to $39.3 million in 2006.  These results were driven by morbidity gains, while expense deviations were less favorable than the prior year.  The division continued to experience improved profits in the non-insured and eye care products.  The financial line of business, Calvert Group, Ltd., Summit companies, Ameritas Investment Corp. and Acacia Federal Savings Bank, experienced a strong year with total pretax operating income, excluding realized gains and merger related expenses, of $57.5 million, up 11 percent compared to the same period in 2006.

Calvert’s results continued to be driven by strong sales and growth in assets under management.  Compared to December 31, 2006, mutual fund assets under management increased by $2.4 billion, an increase of 17 percent, to $16.2 billion.  Pretax operating income was $37.2 million, up $8.3 million, or 29 percent, over the same period in 2006.

Acacia Federal Savings Bank’s total assets were over $1.5 billion, an increase of 14 percent compared to December 31, 2006.  Acacia Federal’s earnings were down compared to 2006 due to lower interest spreads.  Realized gains from investments for 2007 were $28.6 million compared to $30.2 million in 2006.  Gains were primarily the result of stock and real estate sales.

The substantial products and services of UNIFI Mutual Holding Company include: variable universal life insurance, term life insurance, whole life insurance, survivorship universal life insurance, indexed universal life insurance, universal life insurance, traditional, variable and indexed annuities, disability income insurance, business, financial and estate planning, 401(k) plans, safe harbor 401(k) plans, sole proprietor 401(k) plans, profit sharing, money purchase pension plans, new comparability plans, defined benefit plans, cash balance plans, 414(h) governmental pick-up plans, 457(b) governmental plans, tailored indemnity, managed care, PPO Network, small group, administrative services only, individual programs, dental coverage, vision, stocks and bonds, municipal and corporate bonds, fixed income securities, managed accounts, asset management, variable universal life insurance, variable annuities, retirement plan products, mutual funds, corporate cash management, separate account management, college savings plans, financial planning, commercial loans, real estate, structured products, unit investment trusts, trust services, retirement income strategies, equity, bond and money market funds, including socially responsible strategies, taxable and tax-free fixed income mutual funds, pension and retirement plan investment options, sub-advisory services, Calvert Social Index™ licensing and services, insurance trusts, fund of funds utilizing ETFs, checking and savings accounts, certificates of deposit, money market accounts, health savings accounts, internet banking – retail and commercial, consumer loans, home mortgage loans, construction loans, commercial real estate loans, commercial business loans, financial advisory, general obligation bonds, revenue bonds, tax anticipation notes, bond anticipation notes, construction notes, refunding bonds, lease-purchase obligation, and investment of bond proceeds.

NOVA Bank & Pennsylvania Business Bank

NOVA Financial Holdings, Inc is a multiple bank holding company that operates two wholly owned subsidiaries, Pennsylvania Business Bank and NOVA Bank.  As a registered bank holding company and is subject to regulation and supervision by the Board of Governors of the Federal Reserve System.

On November 10, 2008 NOVA Financial Holdings completed the merger with Pennsylvania Business Bank.  The merger increased NOVA Financial Holdings, Inc. assets to $620 million.  Nova Financial Holdings is the 18th largest banking organization in Philadelphia with13 business center locations.  Pennsylvania Business Bank is a $110 million Pennsylvania State Chartered bank headquartered in Philadelphia PA, operating four branches; two in the Philadelphia County and two in Gloucester County, New Jersey.  NOVA Bank operates 9 branches throughout Philadelphia, Montgomery, Chester and Delaware Counties in Pennsylvania and a Loan Production Center in Lehigh County.

NOVA Bank and Pennsylvania Business Bank offers personal banking services, business banking services, financial planning, and wealth management services.  NOVA Bank also operates a wholly owned subsidiary that delivers non bank financial services, NOVA Financial Services, Inc. Formed in July 2003, NOVA Financial Services, Inc., is a wholly-owned subsidiary of NOVA Bank and is a Pennsylvania corporation. NOVA Financial Services, Inc., through an agreement with UVEST Financial Services, offers our customers access to a variety of investment, insurance, and planning services, such as tax deferred annuities, life insurance products, mutual funds, tax planning, financial planning, estate planning, and 401(k) plan administration.  UVEST is a registered broker dealer and a FINRA/SIPC member firm.  UVEST and NOVA Financial Services are independent entities.

NOVA Bank and Pennsylvania Business Bank offer client-driven personal financial solutions to meet their customer’s needs and lifestyle.  Bank products and services include traditional checking and savings accounts, loans and online banking, to special services like overdraft protection and direct deposit.  When customers select multiple bank products, the interest rates offered get more attractive.

A partial list of the vast assortment of the combined banks products and services include: statement savings, money market savings, Coverdell Education, savings accounts, certificates of deposit – with fixed rates available for as short as 3 months and up to 5 years, basic checking, regular checking, interest checking, no fee interest checking and a variety of credit cards with a wide range of benefits including competitive introductory rates and the consumers choice of rewards programs.  In the lending arena, the combined bank products include: auto loan, CD secured loan, home equity installment loan, home equity line of credit, residential mortgages and online banking.  The business products and services provided by the bank include: basic business checking, business checking, interest business checking, analyzed business checking, not-for-profit business checking, business statement savings, business money market savings, certificates of deposit -fixed interest rates for businesses that want fixed interest rate on their funds, term Loans, lines of credit, commercial mortgages, equipment leasing as well as a full range of cash management products that are delivered electronically to create solutions that help businesses efficiently manage their business.

Century Bank, Massachusetts

Century Bancorp, Inc. is a Massachusetts state chartered bank holding company headquartered in Medford, Massachusetts.  The holding company is a Massachusetts corporation formed in 1972 and has one banking subsidiary, Century Bank and Trust Company that was formed in 1969.  The bank had total assets of approximately $1.7 billion as of September 30, 2008.  The bank operates 22 branch banking offices in 16 cities and towns in Massachusetts ranging from Braintree in the south to Beverly in the north.  The Bank’s customers consist primarily of small and medium-sized businesses and retail customers in these communities and surrounding areas, as well as local governments and institutions throughout Massachusetts.

Century Bank and Trust Company offers a wide range of services to commercial enterprises, state and local governments and agencies, non-profit organizations and individuals.  It emphasizes service to small and medium-sized businesses and retail customers in its market area.  The bank makes commercial loans, real estate and construction loans and consumer loans, and accepts savings, time, and demand deposits.  Century Bank has a wide range of savings options for personal banking services.  The banks portfolio of savings products includes checking accounts, savings accounts, money market accounts, certificates of deposit and more.  The bank has retirement plans products and services including IRA fixed rate certificates of deposit and IRA variable rate accounts.

The banks loan department provides borrower with funds for land purchases, construction and permanent financing.  The bank has loan products that contain; construction loans, jumbo mortgages, adjustable rate mortgages, and fixed rate mortgages.  In addition the bank provides loans for automobiles, personal loans, home equity lines of credit and traditional home equity loans.

The bank offers to its corporate and institutional customers automated lock box collection services, cash management services and account reconciliation services, and actively promotes the marketing of these services to the municipal market.  Also, the holding company provides full service securities brokerage services through its division, Investment Services at Century Bank, in conjunction with Linsco/Private Ledger Corp. an unaffiliated registered securities broker-dealer and investment advisor.  The bank is also a provider of financial services, including cash management, transaction processing and short term financing to municipalities in Massachusetts and Rhode Island.  The bank has deposit relationships with approximately 40% of the 351 cities and towns in Massachusetts.

Total assets for the bank at the end of the third quarter for 2008 stood at $1,745,250,000.00 an increase from $1,680,281,000.00 in the third quarter of 2007.  Bank deposits totaled $1.24 billion, representing a 9.5% increase in total deposits from December 31, 2007.

Earnings for the third quarter ended September 30, 2008 were $2,559,000.00 compared to net income of $2,864,000.00 for the third quarter ended September 30, 2007.  Included in income for the third quarter of 2007 is the after-tax gain of $872,000 the sale of the building which housed the banks previous location for a branch located in Medford Square.  For the first nine months of 2008, net income totaled $6,235,000.00 an increase of 13.5% when compared to net income of $5,491,000.00 for the same period a year ago.
Throughout 2007 and the third quarter of 2008, the bank has seen improvement in its net interest margin.

Total deposits in the third quarter of 2008 increased primarily as a result of increases in money market accounts and savings and NOW deposits, offset somewhat by decreases in time deposits and demand deposits.  Money market accounts and savings and NOW deposits increased mainly because the bank competed more aggressively for these types of deposits during the first nine months of the year.  Time deposits, which include certificates of deposit, decreased mainly because of decreases in higher interest rate deposits.  The bank competed less aggressively for these types of deposits.

The bank’s results of operations are largely dependent on net interest income, which is the difference between the interest earned on loans and securities and interest paid on deposits and borrowings.  The results of operations are also affected by the level of income and fees from loans, deposits, as well as operating expenses, the provision for loan losses, the impact of federal and state income taxes and the relative levels of interest rates and economic activity.

As of September 30, 2008, total loans outstanding with the bank were $801.6 million, an increase of 10.4% from the total on December 31, 2007.  At September 30, 2008, commercial real estate loans accounted for 40.9% and residential real estate loans, including home equity loans, accounted for 35.7% of total loans.  Commercial and industrial loans increased to $130.0 million at September 30, 2008 from $117.3 million on December 31, 2007.  Construction loans decreased to $48.9 million at September 30, 2008 from $62.4 million on December 31, 2007.

The allowance for loan loss at September 30, 2008 was $10,254 as compared to $9,633 at December 31, 2007.  This increase was due to the provision for loan losses exceeding net loan charge offs for the three and nine months ended September 30, 2008.  Increase in the provision was due to increased net loan charge offs and nonperforming loans as well as current uncertainties in the economy along with loan portfolio growth.  While the provision for loan losses has increased significantly in the nine months ended September 30, 2008 as compared to the first nine months in 2007, the level of the allowance for loan losses to total loans decreased from 1.33% at December 31, 2007 to 1.28% at September 30, 2008.  The decline in the ratio is primarily a result of significant loan growth during the first nine months of 2008.  The growth of the portfolio caused a shift in the composition of the portfolio such that there was a higher concentration of loans in categories with lower general allowance allocations.

Pacific Mercantile Bank

Pacific Mercantile Bank is owned by the holding company Pacific Mercantile Bancorp.  Pacific Mercantile Bank is a state chartered commercial bank and member of the Federal Reserve System.  The bank began operations on March 1, 1999.  The bank, headquartered in Costa Mesa, California, operates eight financial centers in Orange, Los Angeles, San Bernardino and San Diego Counties, located in Newport Beach, Costa Mesa, San Juan Capistrano, Beverly Hills, La Habra, Long Beach, Ontario and La Jolla, California.

The bank provides a full range of banking services to small and medium-size businesses, professionals and the general public in Orange, Los Angeles, San Bernardino and San Diego Counties of California.  In addition to the bank’s physical locations, it offers comprehensive banking services over its Internet Bank, which is accessible 24/7 worldwide at www.pmbank.com.  The bank adds flexibility and convenience for business and consumers by conducting an increasing number of banking and other financial transactions via reliable and secure methods over the Internet website at the banks website.  The Pacific Mercantile Bank considers itself as a “click and mortar” financial institution making it adept at servicing business remotely by making the most of the Internet as a fully accessible interactive medium to service the business customers’ needs.

The company offers a range of deposit products, including noninterest and interest-bearing checking accounts, demand deposits, savings and money market deposits, and certificates of deposit. Its loan portfolio comprises commercial loans, including equipment and automobile loans and leases, accounts receivable and inventory financing, and SBA guaranteed business loans; commercial real estate loans; residential mortgage loans; construction loans; land development loans; and consumer loans, including personal installment loans, lines of credit, and credit cards.  The company also offers financial management tools and services that include multiple account control, account analysis, transaction security and verification, wire transfers, bill payment, payrolls, and lock box services; automated clearinghouse origination services; and convenience banking services, such as Internet banking, automated teller machines, night drop, and courier and armored car services.

On November 6, 2008 Pacific Mercantile Bancorp reported its results of operations for the third quarter and nine months ended September 30, 2008.

The company recorded net income of $354,000 for the third quarter ended September 30, 2008, as compared to net income of $1.4 million in the same quarter of 2007.  For the nine months ended September 30, 2008, net income totaled $525,000 as compared to net income of $4.6 million for the same nine months of 2007.  The decline in income was primarily attributed to decreases of $1.1 million and $3.3 million in net interest income, and increases of $1.3 million and $4.5 million in the provisions made for loan losses, in the three and nine month periods ended September 30, 2008, respectively, as compared to the same corresponding periods of 2007.

The decrease in the net interest income was mainly attributed to reductions in the interest income that was earned on loans and other interest-earning assets.  This was partially offset by reductions in interest expense, which consists principally of interest paid on deposits.  The report states that, “Those reductions in both interest income and interest expense were primarily the result of reductions by the Federal Reserve Board in the federal funds rate in response to the economic downturn.  Those reductions, in turn, led to declines in prevailing market rates of interest which directly affect the interest rates we are able to charge on loans and the yields we realize on other interest-earning assets and the interest rates we pay on deposits.”

The decrease in interest rates on overall deposit accounts was to a degree compensated by increases in the volume of time deposits as a share of total deposits.  The time deposit levels were increased to make up for declines in demand deposits and lower cost savings and money market deposits.

Total deposits increased by $13 million, or 2%, to $791 million at September 30, 2008, from $777 million at September 30, 2007.  Time deposits increased by $95 million, or 24%, to $493 million at September 30, 2008, from $398 million at September 30, 2007. Time deposits were increased primarily to fund increases in loans and to offset those declines in lower cost deposits, principally interest-bearing transaction accounts and non-interest bearing deposits, which declined, respectively, by $46 million, or 26%, to $128 million and by $35 million, or 17%, to $170 million, at September 30, 2008.

Gross loans at the end of the third quarter totaled nearly $840 million, an increase of $95 million, or 13%, as compared to nearly $745 million at September 30, 2007.  During the year ended September 30, 2008, the bank reduced the volume of residential real estate mortgage loans and real estate construction loans in our loan portfolio, while increasing commercial business and commercial real estate loans.

The bank increased the provisions for loan losses, in both the three and nine months ended September 30, 2008.  The loan loss provisions were increased in order to increase the loan loss reserve to $8.4 million, or 1.00% of the total loans then outstanding.  This was an increase of loan loss reserves from $5.6 million, or 0.75% of total loans outstanding at September 30, 2007.  The loan loss provisions and reserves were increased principally due to an increase in non-performing assets to $26.2 million at September 30, 2008 from $6.2 million at September 30, 2007.  The bank attributed the increase in non-performing assets which we attribute to the worsening of economic conditions.

Despite the decreases in earnings and the increases in non-performing loans, at September 30, 2008, Pacific Mercantile Bank had total capital of $100 million, which represented 11.2% of the bank’s total risk-based assets (total assets risk weighted between 0% and 100% pursuant to the regulatory classifications of assets).  As a result, the Bank continues to qualify as a “well-capitalized” financial institution under Federal regulatory guidelines, which is the highest capital rating that a banking institution can earn under those guidelines.

Best CD Rates in Florida

For short term CD rates, Ocean Bank is posting the best CD rates in Florida.   Ocean Bank has a promotion running for a 7 month term CD with a rate of 4.40%.  On top of that rate, the bank also offers a 13 month CD yielding 4.50%.  The minimum deposit is $2,500.00.  Since this is a promotional offer, these interest rates are not marketed on the bank website.  Ocean Bank’s main office is Miami; the phone number for that office is 305-442-2660.  The website for the bank can be found at www.oceanbank.com.  The bank has 21 branches in Miami-Dade and Broward County.  The copy for the advertisement on these rates reads, “when it comes to deposits, the only thing as important as security is THE INTEREST RATE.”  Ad copy that could not be more appropriate, direct and truthful.  Searching for the best investment in this market is a matter of searching for the best CD rate or money market rate without sacrificing principal safety.

Wells Fargo

Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores, the internet and other distribution channels across North America and internationally.  Wells Fargo & Company is headquartered in San Francisco.  Wells Fargo has $622 billion in assets and 159,000 total team members across our 80+ businesses.  Wells Fargo & Company was founded in 1852.

Wells Fargo has $622 billion in assets.
The company employs approximately 167,500 employees.
The bank maintains 6,960 ATMs.
They operate 5,897 stores.
The bank has 3,339 branches in 23 states.
The bank operates 561 stores in supermarkets.
The company has 2,400 stores for mortgage operations.
And Wells Fargo has 999 consumer finance stores.

Retail, commercial and corporate banking services are provided through banking stores in Alaska, Arizona, California, Colorado, Idaho, Illinois, Indiana, Iowa, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oregon, South Dakota, Texas, Utah, Washington, Wisconsin and Wyoming.

Wells Fargo & Company, through its subsidiaries, operates as a well diversified financial services company in the United States.  It operates in three main segments: Community Banking, Wholesale Banking, and Wells Fargo Financial. Community Banking segment offers deposit products, including checking accounts, savings deposits, market rate accounts, retirement accounts, time deposits, and debit cards; and loan products comprising lines of credit, equity lines and loans, equipment and transportation loans, education loans, residential mortgage loans, and credit cards.  This segment also provides receivables and inventory financing, equipment leases, real estate financing, small business financing, venture capital financing, cash management, payroll services, retirement plans, health savings accounts, merchant payment processing, and securities brokerage.  Wholesale Banking segment provides a range of commercial, corporate, and real estate banking products and services, including commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, mezzanine financing, high-yield debt, international trade facilities, foreign exchange services, treasury management, investment management, institutional fixed income sales, interest rate, commodity and equity risk management, online products, insurance, investment banking, and mortgage brokerage services.  Wells Fargo Financial segment comprises consumer finance operations that make direct consumer and real estate loans to individuals and purchase sales finance contracts from retail merchants; and auto finance operations, which purchase sales finance contracts directly from auto dealers and make loans secured by autos.  This segment also provides credit cards and lease, and other commercial financing services.

The Wells Fargo of today is the result of some large acquisitions and mergers throughout its history.  In 1852 Henry Wells and William Fargo founded Wells, Fargo & Co. to serve the West. The new company offered banking (buying gold, and selling paper bank drafts as good as gold) – and express (rapid delivery of the gold and anything else valuable).  Wells Fargo opened for business in the gold rush port of San Francisco, and soon Wells Fargo’s agents opened offices in the other new cities and mining camps of the West.  In the boom and bust economy of the 1850s, Wells Fargo earned a reputation of trust by dealing rapidly and responsibly with people’s money.  In the 1860s, it earned everlasting fame – and its corporate symbol – with the grand adventure of the overland stagecoach line.  Wells Fargo separated its banking business from its express service in 1905, and has remained with banking since.

Wells Fargo first major acquisition was its 1996 with the hostile takeover of First Interstate, the largest such takeover in U.S. banking history.  With more than $100 billion in assets, Wells Fargo became the second-largest bank in California.  In February 2004, the company completed the consolidation of 19 of its national bank charters into a single national bank charter, Wells Fargo Bank, National Association. 
On November 2, 1998 Wells Fargo completed a merger with Norwest Corporation.
On October 3, 2008, Wells Fargo announced it had agreed to acquire Wachovia for $15.1 billion in stock.
On October 15, 2008, Wells Fargo & Company reported net income of $1.64 billion compared with $1.75 billion in second quarter 2008 and $2.17 billion in third quarter 2007.  Highlights of the third quarter report include the following.

“Despite the dramatic changes in our industry and economy, the Wells Fargo team rose to the challenge this quarter and achieved solid growth in loans and deposits, a truly remarkable accomplishment,” said President and CEO John Stumpf. “Revenue year to date was up 11 percent continuing our track record of strong, double-digit growth.  Our strength, security and outstanding financial performance continued to compare favorably with our industry peers.  Our vision and values and our diversified business model are time-tested over more than two decades.  We’re focused, as always, on building lifelong relationships with our customers and communities, and because of that we continue to grow market share and wallet share.  Barron’s ranks us one of the world’s 20 most admired companies.

“We’re known and admired for our conservative financial position, and a disciplined acquisition strategy that will not change. In that regard, we look forward with great anticipation and confidence to completing our merger with Wachovia Corporation by year end.  The union of our two companies will provide compelling value for all our stakeholders, including Wachovia’s team members, combining the industry’s best in service and best in sales, an unbeatable combination that will create the nation’s premier coast-to-coast financial services company.”

Wells Fargo built our credit reserves by an additional $500 million bringing the allowance for credit losses to $8.0 billion, a $4.0 billion increase in the allowance since the credit crunch began a year ago.  Business momentum remained strong in the quarter, with double-digit loan and earning asset growth (both up 15 percent year over year), double-digit growth in core deposits (up 10 percent from September 30, 2007), and 30 percent (annualized) from June 30, 2008, double-digit growth in assets under management, primarily mutual funds (up 12 percent year over year) and a record 5.7 cross-sell in our retail banking business.

Net interest margin remained among the best of the large bank holding companies at 4.79 percent, reflecting the decline in our funding costs since last year and continued above-market growth in core deposits.  Finally, despite the strong growth in earning assets, investment write-downs and higher credit costs in the quarter, our capital ratios increased, with Tier 1 capital rising to 8.58 percent, one of the strongest capital positions in the industry.  The strength of our franchise, earnings and balance sheet positions us well for the exciting merger about to take place with Wachovia.

Revenue was $10.38 billion, up 5 percent from $9.85 billion a year ago.  The write-downs for investments in Fannie Mae, Freddie Mac and Lehman Brothers reduced revenue by 7 percentage points. “Year-to-date revenue was up 11 percent, a remarkable accomplishment in this environment,” said Chief Financial Officer Howard Atkins. “Many of our businesses continued to generate double-digit, year-over-year revenue growth including asset-based lending, commercial banking, credit cards, mortgage banking, insurance, international and wealth management, and the significant growth this quarter in net new checking accounts positions us well with new accounts and new customers to continue our strong, double-digit revenue growth.”

Average loans of $404.2 billion increased $53.5 billion, or 15 percent, from a year ago. On a linked-quarter basis, average loans grew $12.7 billion, or 13 percent (annualized). Average commercial and commercial real estate loans increased $36.0 billion, or 27 percent, from third quarter 2007 and increased $9.7 billion, or 24 percent (annualized), from second quarter 2008, making this the 16th consecutive quarter of double-digit, year-over-year growth.  Average consumer loans increased $17.8 billion, or 9 percent, from third quarter 2007, and increased $3.1 billion, or 5 percent (annualized), from second quarter 2008.

Core deposits increased $23.7 billion, or 30 percent (annualized), from June 30, 2008. Average core deposits of $320.1 billion increased $13.9 billion, or 5 percent, from a year ago and $1.7 billion, or 2 percent (annualized), linked quarter.  Average mortgage escrow deposits were $21.2 billion, down $1.2 billion from third quarter 2007 and down $1.5 billion linked quarter. Average retail core deposits increased $13.2 billion, or 6 percent, from third quarter 2007 and increased $3.8 billion, or 7 percent (annualized), linked quarter.  Average consumer checking accounts grew a net 6.1 percent from second quarter 2007, with 8 percent growth in California, the largest increase in net new checking accounts in California in almost four years.  Wealth Management group average core deposits of $22.7 billion increased $7.7 billion, or 52 percent, from third quarter 2007.

Net interest income increased $1.1 billion, or 21 percent, from third quarter 2007 driven by double-digit earning asset growth (up 15 percent) and a 24 basis point increase in the net interest margin to 4.79 percent.  Net interest income grew $103 million, or 7 percent (annualized), linked quarter due to 13 percent (annualized) linked-quarter growth in earning assets offset in part by a 13 basis point linked-quarter decline in the net interest margin.

Noninterest income decreased $575 million from third quarter 2007, including a $756 million decline in net investment gains.  The $1.2 billion decrease in noninterest income linked quarter was primarily due to a $378 million decline in net investment gains, as well as lower linked-quarter mortgage banking income.  Net investment losses of $423 million consisted of previously announced other-than-temporary impairment charges of $646 million for Fannie Mae, Freddie Mac and Lehman Brothers, an additional $247 million of other-than-temporary write-downs on debt securities and $470 million of realized bond and equity gains.

Despite the 24 percent decline in the S&P500® year over year, trust and investment fees declined only 5 percent.  Card fees were up 7 percent year over year and 9 percent (annualized) linked quarter due to continued growth in new accounts and greater purchase activity.  Insurance fees were up 33 percent year over year due to customer growth, higher crop insurance revenues and the fourth quarter 2007 acquisition of ABD Insurance, but declined 20 percent linked quarter due to seasonally lower crop insurance revenues.  Charges and fees on loans were up 8 percent, primarily reflecting strong commercial loan demand.  Net unrealized losses on securities available for sale were $4.9 billion at September 30, 2008, compared with net unrealized losses of $2.1 billion at June 30, 2008.

Mortgage banking noninterest income was a solid $892 million, the second best quarter ever.  Mortgage banking noninterest income increased $69 million from third quarter 2007 and was down $305 million linked quarter, with higher servicing income offset by lower origination volumes.  The owned mortgage servicing portfolio was $1.56 trillion at quarter end, up 6 percent from a year ago.  Mortgage applications of $83 billion in the quarter were down 13 percent from a year ago but at wider margins.

Noninterest expense decreased $154 million, or 3 percent, from third quarter 2007 and decreased $343 million linked quarter.

Third quarter 2008 net charge-offs were $1,995 million (1.96 percent of average loans, annualized) compared with $1,512 million (1.55 percent) in second quarter 2008 and $892 million (1.01 percent) in third quarter 2007.  A significant part of the sequential increase reflected the changes in the National Home Equity Group (Home Equity) charge-off policy in the second quarter, which deferred an estimated $265 million of charge-offs.  After taking into account the impact of the new Home Equity policy, charge-offs rose at a more moderate pace in third quarter than in the last few quarters. Third quarter 2008 provision was $2.5 billion, including a $500 million credit reserve build primarily related to higher projected losses in several consumer credit businesses, as well as growth in the wholesale portfolios, bringing the allowance for credit losses to $8.0 billion, double its level from just before the credit crunch began a year ago.

Net charge-offs in the real estate 1-4 family first mortgage portfolio increased $43 million linked quarter, including the $19 million increase from Wells Fargo Financial’s residential real estate portfolio.  Credit card charge-offs increased $32 million.  Losses in the auto portfolio increased $74 million from second quarter 2008 in part due to seasonality and lower used car values.

Net charge-offs in the real estate 1-4 family junior lien portfolio increased $307 million from second quarter 2008 as the effect of the second quarter charge-off policy change dissipated.  Of the combined $350 million increase in real estate first and second mortgage losses, approximately $265 million was due to the deferral of charge-offs from second quarter related to the change in the Home Equity charge-off policy.

Commercial and commercial real estate net charge-offs decreased $4 million linked quarter, including a modest decline in charge-offs on loans originated through our Business Direct small business lending group.

AIG Bank

AIG Federal Savings Bank or AIG Bank is a Member FDIC, and a member company of American International Group, Inc. (AIG).  AIG Bank is regulated by the Office of Thrift Supervision.  AIG’s common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.  The company was founded in 1967 and is based in New York, New York.  AIG Bank engages in various banking service and offers standard bank products such as fixed and adjustable-rate mortgages, home equity loans and lines of credit, money market savings accounts as well as certificates of deposit.

American International Group, Inc. principal activities are to provide general and life insurance operations, financial services, retirement savings and asset management.  The Group is a holding company, which operates through its subsidiaries in the United States and other countries.  The general insurance includes writing of all lines of property and casualty insurance.  Life insurance includes individual and group life, annuity, endowment and accident and health policies, single premium annuity, variable annuities, guaranteed investment contracts, universal life and pensions.  The financing services include aircraft leasing, consumer and premium financing and banking services. Retirement savings and asset management includes variable annuities, mutual funds and investment asset management. 

AIG has four principal business segments: General Insurance, Life Insurance & Retirement Services, Financial Services and Asset Management.

The General Insurance segment underwrites various business insurance products, including large commercial or industrial property insurance, excess liability, inland marine, environmental, workers compensation, and excess and umbrella coverages.  This segment also offers various specialized forms of insurance, such as aviation, accident and health, equipment breakdown, directors and officers liability, difference-in-conditions, kidnap-ransom, export credit and political risk, and professional errors and omissions coverages.  In addition, it provides property and casualty reinsurance products to insurers; automobile insurance products; residential mortgage guaranty insurance products; and second-lien and private student loan guaranty insurance products.

The Life Insurance and Retirement Services segment offers individual and group life, payout annuities, endowment, and accident and health policies, as well as retirement savings products consisting of fixed and variable annuities.

The Financial Services segment provides aircraft and equipment leasing, capital market transactions, consumer finance, and insurance premium financing.  AIG Bank is a part of the Financial Services Group of AIG.

The Asset Management segment operations comprise investment-related services and investment products, including institutional and retail asset management, broker-dealer services, and spread-based investment products.

In September of 2008, AIG was in the midst of major upheaval after suffering a severe liquidity crisis.  The Federal Reserve extended a loan to AIG to prevent the company’s failure and help the company meet its obligations and post additional collateral for various busineses inclduing credit default swaps.  The Federal Reserve announced the creation of a secured credit facility of up to $85 billion.  AIG will be permitted to draw up to $85 billion in meeting its obligations as they come due.  The Federal Reserve had stated that a disorderly failure of AIG could add to already significant levels of financial market fragility and lead to substantially higher borrowing costs, reduced household wealth, and materially weaker economic performance.

The $85 billion line of credit extended to AIG by the U.S. Government is to be secured by substantially all of AIG’s assets in exchange for warrants for a 79.9% equity stake.  The company now has access to the line of credit.  The action taken by the U.S. Government allows AIG to satisfy its short-term liquidity pressures and to ensure that its business units remain well capitalized and highly competitive.  The intention is to have the company continue to operate its businesses without interruption.  AIG is not to become a government entity and will continue as a publicly held company, with the U.S. Government as a majority shareholder.  The loan to AIG is expected to be repaid from the proceeds of the sale of AIG’s assets.

On Nov. 10, 2008 American International Group, Inc. (AIG) reported a net loss for the third quarter of 2008 of $24.47 billion compared to 2007 third quarter net income of $3.09 billion.  AIG’s results in the third quarter were negatively affected by financial dislocation in global markets, as well as catastrophe losses and charges related to ongoing restructuring-related activities.  Insurance premiums and other considerations grew nearly 7 percent.

Included in the third quarter 2008 net loss and adjusted net loss was a pre-tax charge of approximately $7.05 billion ($4.59 billion after tax) for a net unrealized market valuation loss related to the AIG Financial Products Corp. (AIGFP) super senior credit default swap portfolio and a pre-tax net loss of $1.09 billion ($705 million after tax) for a credit valuation adjustment on AIGFP’s assets and liabilities in accordance with FAS 157 and FAS 159.

Additionally, third quarter 2008 results included pre-tax net realized capital losses of $18.31 billion ($15.06 billion after tax) arising primarily from other-than-temporary impairment charges on AIG’s investment portfolio. The Securities Lending program accounted for $11.7 billion of these losses, of which $6.9 billion resulted from AIG’s change in intent to hold these securities to recovery as the program winds down. The other-than-temporary impairment charges also included $3.9 billion resulting from the severe, rapid decline in fair value of securities outside of the Securities Lending program, for which AIG concluded it could not reasonably assert that the impairment period would be temporary.

Also contributing to the loss in the third quarter were losses on partnership and mutual fund investments of $1.7 billion before tax ($1.1 billion after tax) compared to $454 million of income ($295 million after tax) in the third quarter last year.

Included in charges related to restructuring activities, are $3.6 billion of additional deferred tax expense for the reversal of historical permanent reinvestment assertions related primarily to AIG’s foreign life businesses.

On November 10, 2008, the U.S. Treasury announced it would purchase $40 billion in newly issued AIG senior preferred stock, under the authority of the Emergency Economic Stabilization Act’s Troubled Asset Relief Program.  The Federal Reserve Bank of New York (FRBNY) announced that it would modify the September 16th secured credit facility; the Treasury investment would permit a reduction in its size from $85 billion to $60 billion, and that the FRBNY would extend the life of the facility from three to five years, and change the interest rate from 8.5% plus the three-month London interbank offered rate for the total credit facility, to 3% plus LIBOR for funds drawn down, and 0.75% plus LIBOR for funds not drawn, and that AIG would create two off- balance-sheet Limited Liability Companies (LLC) to hold AIG assets: one will act as an AIG Residential Mortgage-Backed Securities Facility and the second to act as an AIG Collateralized Debt Obligations Facility.  Federal officials said the $40 billion investment would ultimately permit the government to reduce the total exposure to AIG exposure to $112 billion from $152 billion.

The following press release was made regarding AIG business and restructuring of the loan from the U.S. Government to AIG.

NEW YORK–Nov. 10, 2008–American International Group, Inc. (AIG) today announced agreements with the U.S. Treasury and the Federal Reserve to establish a durable capital structure for AIG, and facilities designed to resolve the liquidity issues AIG has experienced in its credit default swap portfolio and its U.S. securities lending program.

Edward M. Liddy, AIG Chairman and CEO, said these agreements are a dramatic step forward for AIG and all of its stakeholders: “Today’s actions send a strong signal to our policyholders, business partners and counterparties that AIG is on the road to recovery. Our comprehensive plan addresses the liquidity issues that threatened AIG, and gives us the financial flexibility to complete our restructuring process successfully for the benefit of all of our constituencies.”

Liddy continued, “The $85 billion emergency bridge loan was essential to prevent an AIG bankruptcy, which would have caused incalculable damage to AIG, our economy and the global financial system.  Thanks to decisive action by Congress, Treasury and the Federal Reserve, there are now additional tools available to create a durable capital structure that will make possible an orderly disposition of certain of AIG’s assets and a successful future for the company.  Our goal is to repay taxpayers in full with interest, and emerge as a focused global insurer that will create meaningful value for taxpayers and other stakeholders.”

The actions announced today include both ongoing financing facilities and one-time transactions designed to address AIG’s liquidity issues. The ongoing financing facilities include:

Preferred Equity Investment: The U.S. Treasury will purchase, through TARP, $40 billion of newly issued AIG perpetual preferred shares and warrants to purchase a number of shares of common stock of AIG equal to 2% of the issued and outstanding shares as of the purchase date. All of the proceeds will be used to pay down a portion of the Federal Reserve Bank of New York (FRBNY) credit facility. The perpetual preferred shares will carry a 10% coupon with cumulative dividends.

Revised Credit Facility: The existing FRBNY credit facility will be revised to reflect, among other things, the following: (a) the total commitment following the issuance of the perpetual preferred shares will be $60 billion; (b) the interest rate will be reduced to LIBOR plus 3.0% per annum from the current rate of LIBOR plus 8.5% per annum; (c) the fee on undrawn commitments will be reduced to 0.75% from the current fee of 8.5%; and (d) the term of the loan will be extended from two to five years. The extension of the term of the loan will give AIG time to complete its planned asset sales in an orderly manner.  Proceeds from these asset sales will be used to repay the credit facility. In connection with the amendment to the FRBNY credit facility, the equity interest that taxpayers will hold in AIG, coupled with the warrants described above, will total 79.9%.
The one-time transactions involve the creation of two financing entities capitalized with loans from AIG and the FRBNY.  These entities will purchase assets related to AIG’s U.S. securities lending program and Multi-Sector Collateralized Debt Obligations (CDOs) on which AIG has written credit default swap (CDS) contracts.  The entities will collect cash flows from the assets and pay interest on the debt. FRBNY and AIG will share in any recoveries in the market prices of the assets.

Resolution of U.S. Securities Lending Program: AIG will transfer residential mortgage-backed securities (RMBS) from its securities lending collateral portfolio to a newly-created financing entity that will be capitalized with $1 billion in subordinated funding from AIG, and senior funding from the FRBNY up to $22.5 billion.  After both amounts have been repaid in full by the financing entity, the parties will participate in any further returns on RMBS.  As a result of this transaction, AIG’s remaining exposure to losses from its U.S. securities lending program will be limited to declines in market value prior to closing and its $1 billion of funding.

This financing entity, together with other AIG funds, will eliminate the need for the U.S. securities lending liquidity facility established by AIG and FRBNY in October, which had $19.9 billion outstanding as of November 5th. Upon repayment to all participants, AIG will terminate its U.S. securities lending program.

Reduction of Exposure to Multi-Sector Credit Default Swaps: AIG and FRBNY will create a second financing entity that will purchase up to approximately $70 billion of Multi-Sector CDO exposure on which AIG has written CDS contracts.  Approximately 95% of the write-downs AIG Financial Products has taken to date in its CDS portfolio were related to Multi-Sector CDOs.

In connection with this transaction, CDS contracts on purchased Multi-Sector CDOs will be terminated.  AIG will provide up to $5 billion in subordinated funding and FRBNY will provide up to $30 billion in senior funding to the financing entity.  As a result of this transaction, AIG’s remaining exposure to losses on the Multi-Sector CDOs underlying the terminated CDS’s will be limited to declines in market value prior to closing and its up to $5 billion funding to the financing entity.  As with the securities lending program, FRBNY and AIG will share in any recoveries in the market prices of assets.

AIG will continue to have exposure to CDS contracts on Multi-Sector CDOs that are not terminated.  As AIG winds down its Financial Products division, it will also have exposure to other types of remaining CDS contracts, which have generated substantially smaller total collateral demands than the CDS contracts on Multi-Sector CDOs.

Taxpayers will benefit from the transactions with AIG as follows: fees, interest and repayment of the FRBNY loan in full, payment of a 10% coupon on the newly issued preferred shares, cash payments from the assets purchased by the two financing entities and potential asset appreciation in the underlying securities held by those entities. Taxpayers will own 77.9% of the equity of AIG and will hold warrants to purchase an additional 2% equity interest, and so will benefit from any future appreciation in AIG shares.

AIG will also continue to participate in the recent government program being utilized by many companies for the sale of commercial paper.  The Commercial Paper Funding Facility (CPFF) has allowed AIG to reenter the commercial paper market.  AIG is authorized to issue up to $20.9 billion to the CPFF and has currently issued approximately $15.3 billion as of November 5, 2008.

Mr. Liddy continued, “All of these steps, which would not have been possible in September, will benefit AIG, its stakeholders and the American taxpayers.  This plan contributes to stabilizing the financial system and provides the opportunity for the public to realize gains on its AIG investment in the future.  These measures will also put AIG on track to emerge as a nimble competitor with good long-term growth prospects.”

“This innovative solution enhances AIG’s liquidity position. At the same time, American taxpayers will be fairly compensated for funds lent to AIG, and they will capture the majority of any appreciation in the value of the securities involved in the program in the years ahead.”

Liddy added, “Today’s announcement would not have been possible without the vision and extraordinary hard work, dedication and cooperation of officials from the U.S. Treasury, the Federal Reserve Bank of New York, the Federal Reserve Board and the state insurance departments. On behalf of AIG, I would like to extend sincere thanks to all of those involved in crafting this mutually beneficial solution.”

It should be noted that the remarks made in this press release may contain projections concerning financial information and statements concerning future economic performance and events, plans and objectives relating to special purpose vehicles formed with the Federal Reserve Bank of New York, asset dispositions, liquidity, collateral posting requirements, management, operations, products and services, and assumptions underlying these projections and statements.  It is possible that AIG’s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these projections and statements.  Factors that could cause AIG’s actual results to differ, possibly materially, from those in the specific projections and statements include developments in global credit markets and such other factors as are discussed in Item 1A. Risk Factors of AIG’s Annual Report on Form 10-K for the year ended December 31, 2007, and in Item 1A. Risk Factors and Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations of AIG’s Quarterly Report on Form 10-Q for the period ended September 30, 2008. AIG is not under any obligation (and expressly disclaims any such obligation) to update or alter its projections and other statements whether as a result of new information, future events or otherwise.

Omni National Bank

Founded in March 1976, Omni National Bank is headquartered in Atlanta, Georgia. Omni National Bank is a subsidiary of Omni Financial Services, Inc., a publicly traded bank holding company.  Omni Financial Services, Inc.’s common stock trades via the Pink Sheets under the symbol “OFSI.PK”.

Omni National Bank is a full-service, national bank with assets in excess of $850 million. Through the banks Internet banking operation, Omni National Bank services clients nationwide.  The bank has four full service banking locations in North Carolina; two in Georgia; one in Chicago, Illinois; one in Tampa, Florida; one in Dallas,Texas; and one in Houston, Texas.  In addition, Omni National Bank has loan production offices in Charlotte, North Carolina; Dalton, Georgia; Birmingham, Alabama; and Philadelphia, Pennsylvania.

Omni National Bank operates as a full service national bank.  Omni National Bank provide a broad array of financial products and services, including specialized services such as community redevelopment lending, small business lending and equipment leasing, residential construction lending, consumer lending, and asset-based lending. 

The bank offers checking, savings, money market, and individual retirement accounts, as well as certificates of deposit.  The company also provides residential and commercial redevelopment loans; commercial and personal loans; loans to finance business purposes, including working capital, real estate, capital improvements, construction, and equipment; business loans; long term loans for construction, expansion, acquisition, and debt refinancing of commercial businesses; commercial mortgages for real estate investors; loan packaging, participations, and sales in secured loan transactions; residential mortgage loans for housing rehabilitation and renovation; and consumer loan products.  In addition, it offers credit cards, telephone and Internet banking, automated teller machine cards and Visa check cards, online bill payment, travelers’ checks, and safe deposit boxes

Per the company website, Omni National Bank seeks to expand its financial products and services and geographic markets to meet the needs of their customers, diversify their revenue stream and mitigate their exposure to regional economic downturns.

On September 25, 2008, the periodic reporting obligations of Omni Financial Services, Inc. (the “Company”) were suspended automatically pursuant to Section 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).  These obligations include the requirement to file Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K relating to the Company’s business, operations and financial condition.  The Company will continue to file required Federal Reserve reports of its condition, however, and its subsidiary, Omni National Bank, will continue to file required reports of its condition with the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency.  These reports will continue to be publicly available.
Omni Financial Services, Inc parent company of Omni National Bank, announced today that it implemented a reduction in force to reduce expenses and to maximize organizational efficiency primarily at its headquarters located in Atlanta, Georgia and in its Tampa, Florida office. In Atlanta, 19 people representing approximately 20% of the workforce were terminated, along with 2 employees representing 20% of the Tampa, Florida workforce. Two employees at other office locations were also terminated in the RIF.   The reduction in force included Irwin M. Berman, OFSI’s president and the Bank’s chief risk manager.

Per FDIC data, the bank had total assets of $1,029,911,000.00 and total deposits of $846,838,000.00.   Net operating income was a loss of  -$4,775,000.00.

State Bank of India

State Bank of India is the largest bank in India.  The company was founded in 1806 and is based in Mumbai, India.  The government of India owns approximately 63.8 percent of bank’s shares.  The bank was founded in 1806 as Bank of Calcutta.  The government of India nationalized State Bank of India in 1955 with the Reserve Bank of India, the principal supervisory authority of banks, having a 60% stake in the bank.  The U.S. operations of the bank is a U.S. branch of a Foreign Institution and has been FDIC insured since December 8, 1971.  The certificate number is 33682.  Its main office is located at: 460 Park Avenue New York, New York 10022

The State Bank is India’s largest commercial bank and ranks among the top 20 banks in Asia.  The bank serves more than 75 million customers, has 9,000 branches and 200,000 employees.  The bank engages primarily in corporate and retail banking and trade finance but also provides through its subsidiaries life insurance, merchant banking, brokerage, credit card processing, and credit information services in India.  Outside India, Bank maintains offices in 32 countries.  In the United States, Bank operates insured branches in New York, New York, and Chicago, Illinois; an agency in Los Angeles, California; and a representative office in Washington, D.C.  Bank also operates a wholly owned subsidiary, State Bank of India (California), also in Los Angeles.  The bank is a qualifying foreign banking organization under Regulation K.

State Bank of India, together with its subsidiaries, provides various banking products and services in India and internationally.  The company offers personal banking products and services, including term deposits, recurring deposits, housing loans, car loans, educational loans, personal loans, loans for pensioners, loans against mortgage of property, loans against shares and debentures, current accounts, and savings accounts, as well as mobile banking, ATM, Internet banking, locker, foreign inward remittance services; and pay roll cards, gift cards, travel cards, and gift checks.  It also provides NRI services that include deposit accounts, NRI car and home loans, and remittances; and agricultural/rural services, such as agricultural banking and micro credit.  In addition, State Bank of India offers international banking services comprising trade finance, correspondent banking, merchant banking, project export finance, offshore banking, and treasury services; and corporate banking products and services, such as working capital financing, project finance, corporate term loans, deferred payment guarantees, corporate loans, export credit, strategic business units, structured finance, dealer financing, channel financing, equipment leasing, and loan syndication.  Further, the company provides domestic treasury services.

The Reserve Bank of India is the principal supervisory authority of the bank and the banking industry in India, including banks foreign subsidiaries and affiliates.  The Reserve Bank of India is the central bank of India, and was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.  The Reserve Bank of India helps ensure the country’s monetary stability.  The bank creates monetary policy and assists in regulating its financial system.

Indian laws impose various prudential limitations on banks, including limits on transactions with affiliates and large exposures.  The Reserve Bank of India is authorized to request and receive information from any bank and its domestic and foreign affiliates and to impose penalties for failure to comply with a disclosure request or for providing false or misleading information.  The Reserve Bank of India also has the authority to impose conditions on licensees and to impose penalties for failure to comply with the Reserve Bank of India’s rules, orders, and directions.  Penalties include monetary fines, removal of management, and the revocation of the authority to conduct business.

The Reserve Bank of India has the authority to license banks, regulate their activities and approve expansion, both domestically and abroad.  It supervises and regulates Bank through a combination of regular on-site reviews and off-site monitoring.  On-site examinations cover the major areas of operation, capital adequacy, management, risk-management strategies, asset quality, detailed loan portfolio analysis, earnings, liquidity, anti-money-laundering controls and internal controls and procedures.  The frequency of on-site examinations depends on a bank’s risk profile, but generally all Indian banks, including the State Bank of India, are examined at least annually.

The FDIC reports as of June 30, 2008 indicate the bank has total assets of $2,620,379.000.00 and total deposits of $1,332,389,000.00.

OnBank

OnBank is a division of M&T Bank, N.A., headquartered in Buffalo, NY.  M&T Bank, N.A. and its sister bank, M&T Bank, are separate subsidiaries of their parent company, M&T Bank Corporation. M&T Bank Corporation is one of the 20 largest independent bank holding companies in the U.S., with more than $66 billion in assets as of June 30, 2008.

Although OnBank has no physical branches, the bank provides the same services of a traditional bank branch via email or phone.  The online division of the bank offers competitive rates on money market savings accounts and CDs.  Customers who bank with OnBank are covered by FDIC insurance up to applicable limits.  All deposit accounts opened by a depositor through OnBank and M&T Bank, N.A. are combined to determine the FDIC insurance coverage.  Being two unique financial entities, M&T Bank N.A. and M&T Bank are insured separately as members of the FDIC.

M&T Bank Corporation is one of the 20 largest commercial bank holding companies in the U.S.  M&T Bank was founded in 1856.  M&T provides products and services related to commercial banking, retail banking, business and professional banking, investment banking and mortgage banking.  M&T Bank has more than 700 branches and 1,600 ATM’s across Delaware, Maryland, New York, Pennsylvania, Virginia, West Virginia, New Jersey and Washington, D.C. M&T Bank has 279 full-service branches in New York State, 226 full-service branches in Pennsylvania, 150 full-service branches in Maryland, 17 full-service branches in Virginia, 8 full-service branches in Washington, D.C., 2 full-service branches in West Virginia, and 1 full-service branch in Delaware.  In addition, bank customers have access to customer service representatives with innovative telephone and internet banking.

On Oct 21, 2008 M&T Bank Corporation reported its results of operations for the quarter ended September 30, 2008.  Highlights from that release included the following data.

Net income in the recent quarter totaled $91 million.  Taxable-equivalent net interest income totaled $493 million in the third quarter of 2008, 4% higher than $473 million in the year-earlier period.  Growth in average loans and leases, which rose 11% to $48.5 billion in 2008’s third quarter from $43.8 billion in the third quarter of 2007, was the most significant contributor to the improvement.  Such growth was attributable to increases in average outstanding balances in commercial loans, commercial real estate loans and consumer loans, and includes the impact of loans added in the fourth quarter of 2007 as a result of acquisitions. 

Also noteworthy was a 7% increase in average deposits, including a 12% rise in core deposits, from the third quarter of 2007 to the recent quarter.  The growth in deposits also reflects the impact of the late-2007 acquisitions.  The favorable effect of higher loans and deposits on taxable-equivalent net interest income was partially offset by a year-over-year narrowing of the net interest margin, or taxable-equivalent net interest income expressed as an annualized percentage of average earning assets, which declined 26 basis points to 3.39% in 2008’s third quarter from 3.65% in the corresponding period of 2007.  Nevertheless, M&T’s net interest margin in the recent quarter was unchanged from 2008’s second quarter, when taxable-equivalent net interest income was $492 million.

M&T had total assets of $65.2 billion at September 30, 2008, up from $60.0 billion at September 30, 2007.  Loans and leases, net of unearned discount, were $48.7 billion at September 30, 2008, compared with $44.8 billion a year earlier.  Deposits aggregated $42.5 billion at the recent quarter-end, compared with $38.5 billion at September 30, 2007.

Loans past due 90 days or more and accruing interest were $96 million at the end of the recent quarter, compared with $140 million a year earlier.  Included in these past due but accruing amounts were loans guaranteed by government-related entities of $90 million and $70 million at September 30, 2008 and 2007, respectively.  Assets taken in foreclosure of defaulted loans were $76 million at September 30, 2008, up from $22 million at September 30, 2007.  The rise in such assets resulted from higher residential real estate loan defaults and recent quarter additions from residential real estate development projects.

Allowance for Credit Losses.  The allowance for credit losses was $781 million, or 1.60% of total loans, at September 30, 2008, up from $680 million, or 1.52%, a year earlier, and $759 million, or 1.58%, at December 31, 2007.  The increase in the allowance as a percentage of loans reflects the impact of lower valuations of residential real estate and higher levels of borrower delinquencies.  Reflecting the value of collateral securing M&T’s nonperforming loans, the ratio of the allowance for credit losses to nonperforming loans was 110%, 183% and 170% at September 30, 2008, September 30, 2007, and December 31, 2007, respectively.

Core capital is 7.89% and total capital is 11.98%.

Excel National Bank

Excel National Bank, N.A. is a federally chartered community bank established in 2005. Headquartered in Beverly Hills, Excel National Bank maintains loan production offices in Encino, Fresno, Roseville, Sacramento and new production offices opening next month in San Diego and Long Beach.  Its out-of-state offices are in Chicago, Phoenix, AZ and Bellevue, WA.  The bank predominantly serves consumers and businesses throughout the western United States. Excel National Bank is specifically focused on the lending requirements for small and mid-sized businesses.  Excel National Bank is a business-focused institution, focusing on Small Business Administration (SBA) and other government-guaranteed lending programs. Business loan products include commercial loans and lines of credit, commercial real estate, equipment loans, USDA Guaranteed loans, CalCap loans, and SBA 7a, SBA 504, and SBA Express Loans.  The bank’s business focus is SBA lending and offers services through its loan production offices.

Excel National Bank is privately held, the following figures were obtained from FDIC published information.

The bank had total assets on June 30, 2008 of $124,346,000.00 compared to $83,283,000.00 on June 30, 2007.

Total deposits were $108,261,000.00 on June 30, 2008 compared to $74,529,000.00
on June 30, 2007

Net operating income through June 30, 2008 was a loss of $358,000.00 compared to income of $1,359,000.000 in the first 6 months of 2007.  Loan charge offs for the period were $273,000.00 compared to 0.00 the same period a year earlier.

Intervest National Bank

Intervest National Bank is owned by the financial holding company Intervest Bancshares Corporation.  Intervest Bancshares primarily engages in banking and real estate lending businesses.  Along with Intervest National Bank, Intervest Bancshares Corporation also owns Intervest Mortgage Corporation, a mortgage investment Company.  The company was founded in 1993.  The bank headquarters are located at One Rockefeller Plaza, New York, New York.  In addition, the bank operates six bank branches serving Clearwater and Pinellas County in Florida. 

The bank provides a variety of commercial and consumer banking services to small and middle-market businesses and individuals.  The bank accepts checking and other demand deposit accounts, certificates of deposit accounts, individual retirement accounts, negotiable order of withdrawal accounts, savings accounts, and money market accounts.  The bank’s loan portfolio includes first and second mortgage loans secured by commercial and multifamily real estate properties; single-family residential mortgage loans, commercial business loans, and consumer loans; and land development and other land loans.  The bank operates automated teller machine services, state and national networks, wire transfers, automated clearing house transfers, direct deposit of payroll and social security checks, automated drafts for various accounts, and safe deposit boxes. The bank also provides Internet banking through its website, www.intervestnatbank.com, which attracts deposit customers from within, as well as outside its primary market areas. The deposits, together with funds derived from other sources, are used to fund the origination of mortgage loans secured by commercial and multifamily real estate and to purchase investment securities.

On October 14, 2008 Intervest Bancshares Corp. announced that its third quarter net income fell on higher non-interest expenses, enhanced provision for loan losses and lower non-interest income.  The company posted a third quarter net income of $2.6 million compared to $4.8 million a year ago.  For the first nine months, net earnings fell to $6.8 million compared to $15.6 million a year ago.  Total revenue was $35,826,000.  Net income was $2,626,000.  Total assets were $2,180,746,000.

Intervest noted that $2.1 million increase in non-interest expenses, $1.9 million increase in the provision for loan losses and a $1.3 million decrease in non-interest income impacted the quarterly results.  These items were partially offset by a $1.5 million increase in net interest and dividend income and a $1.6 million decrease in the provision for income tax expense.

The provision for loan losses climbed to $3.4 million from $1.5 million in the previous year, due to credit downgrades on non-accrual loans and lower estimated real estate values on certain collateral properties.

Total loans, net of unearned fees, increased to $1.69 billion at September 30, 2008, from $1.61 billion at December 31, 2007.  The increase was due to $327 million of new originations secured by commercial and multi-family real estate exceeding the aggregate of: $221 million of principal repayments; $25 million of loans transferred to foreclosed real estate; and $4.3 million of loan chargoffs.  Nearly all of the new loans have fixed-rates with a weighted-average yield and term of 6.34% and 5.3 years, respectively. New loans totaled $101 million for Q3-08 and $327 million for 9mths-08, compared to $157 million for Q3-07 and $467 million for 9mths-07. Principal repayments totaled $111 million for Q3-08 and $221 million for 9mths-08, compared to $147 million for Q3-07 and $329 million for 9mths-07.

Total nonperforming assets at September 30, 2008 amounted to $107.9 million, or 4.95% of total assets, compared to $126.4 million, or 5.72%, at June 30, 2008 and $90.8 million, or 4.49%, at December 31, 2007. At September 30, 2008, nonperforming assets were comprised of $82.8 million of nonaccrual loans, or 19 loans, and $25.1 million of real estate acquired through foreclosure, or 4 properties.

Net interest and dividend income were $11.1 million in third quarter, up from $9.6 million last year.  The net interest income reflects a receipt of approx. $1.4 million of past due interest from the payoff of $22.2 million of non-accrual loans.

Non-interest income was $2.3 million; while in the prior year, the company has recorded $3.6 million.

Interest’s efficiency ratio, a measure of its ability to control expenses as a percentage of its revenues, increased to 39% in the third quarter from 24% last year.

Total assets at September 30, 2008 increased to $2.2 billion, from $2.0 billion at December 31, 2007, primarily reflecting growth in the loan portfolio and a higher level of security investments.

According to the October 14, 2008 press release by Intervest, Intervest National Bank maintains capital ratios in excess of the regulatory requirements to be designated as a well-capitalized institution.

EverBank

EverBank Financial Corporation is a diversified financial services holding company based in Jacksonville, Florida.  EverBank is a Savings Association and has been FDIC insured since October 1, 1998.  The primary regulator is Office of Thrift Supervision.  EverBank Financial Corporation provides banking, mortgage banking, and investing solutions to a nationwide customer base.  It operates through traditional banking offices and through its direct banking division.  EverBank Direct operates by telephone, mail, and over the Internet.

On Nov. 6th, /2008   EverBank Financial Corp announced third quarter net income of $5.3 million, an increase of 12% over the $4.7 million recorded in the year-ago period. The company has experienced record year-to-date earnings from continuing operations of $23.9 million, an 11% increase over the $21.5 million recorded in the year-ago period. Total company earnings also reached a year-to-date record of $50.1 million, a 129% increase over the first three quarters of 2007.  EverBank’s assets grew 8% during the quarter to over $6.5 billion.  Deposits grew by $392 million, the largest quarterly growth in company history, to over $4.4 billion.

EverBank Financial Corporation has approximately $6 billion in assets and 1,500 employees.  The company divides its businesses into the following groups:

EverBank Direct
Community Banking
EverBank Advisor Services
Residential Wholesale Lending
Multifamily & Commercial Lending
EverHome Mortgage Company

EverBank Direct
EverBank Direct operates nationally in consumer direct banking and lending across America and has approximately $4 billion in banking accounts, mortgage and home equity loan products.  EverBank Direct operates by telephone, mail, and over the internet.  EverBank Direct also provides access to global markets with their World Markets division and brokerage services through non-FDIC insured EverTrade Direct Brokerage.

Community Banking
An expanding part of the EverBank Family of Companies, the Community Banking division of EverBank serves banking customers in the Northeast Florida retail market, offering commercial and retail banking and lending products.

Pricelinemortgage
Pricelinemortgage is a mortgage production joint venture between Priceline.com and EverBank.  Pricelinemortgage is headquartered in Jacksonville, Florida and operates nationally as an Internet mortgage and home equity loan/line originator
EverBank Advisor Services
EverBank Advisor Services provides financial planning firms and investment professionals the opportunity to offer mortgage and banking services to their clients.  The only program of its kind, EverBank Advisor Services is available through over 20,000 investment professionals working for over 75 independent broker-dealer firms in all fifty states.

Residential Wholesale Lending
A nationwide wholesale lender, EverBank Wholesale Lending offers traditional first and second mortgage products through a network of quality mortgage brokers located in eight offices across the country from the east coast to California.

Wholesale Multifamily & Commercial Lending
EverBank Commercial Lending offers small and large balance multi-family and commercial real estate loans starting at $250,000 through commercial and residential mortgage brokers.  The EverBank Commercial Lending group provides clients with exceptional services and quality products nationwide.

EverHome Mortgage Company
EverHome Mortgage Company provides mortgage and home equity loan servicing and sub-servicing on over 320,000 loans with principal balances of $35.3 billion for over 800 private investors and government agencies.  EverHome Mortgage Company is an S&P select servicer and has been named to Freddie Mac’s Tier One Servicer list for four consecutive years.  As a result, EverBank has developed core expertise in servicing complex products and portfolio characteristics and providing outsourcing services for other firms including Wachovia and Goldman Sachs.

PNC Bank

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States.  PNC Bank provides deposit, lending, cash, management and investment services to more than 2.9 million consumer and small business customers in Pennsylvania, New Jersey, Maryland, Virginia, Delaware, Ohio, Kentucky, Indiana and the District of Columbia.  The bank offers retail banking, corporate and institutional banking, asset management, and global fund processing services.  The retail banking provides deposit, lending, brokerage, trust, investment management, and cash management services to consumer and small business customers.  PNC Bank has over 1,000 branches and 3,900 ATM machines.  The PNC Financial Services Group was founded in 1922 and is based in Pittsburgh, Pennsylvania

PNC owns 34 percent of BlackRock, one of the largest publicly traded investment management firms in the country, with more than $1.3 trillion in managed assets. BlackRock works on behalf of institutional and individual investors worldwide through a variety of equity, fixed income, liquidity and alternative investment products.  In addition, it provides risk management, investment system outsourcing, and financial advisory services to a growing number of institutional investors.

PNC Bank’s corporate and institutional banking business is a dominant player with middle market companies in our eight-state primary region.  In recent years, PNC has built one of the nation’s top 10 asset-based lending practices. The banks real estate lending group, serves owners, operators, and developers across the United States. The corporate and institutional banking offers lending, treasury management, and capital market products and services to mid-sized corporations, government entities, and large corporations.  Its lending products include secured and unsecured loans, letters of credit, and equipment leases; treasury management services comprise cash and investment management, receivables management, disbursement services, funds transfer services, information reporting, and global trade services; and capital markets-related products and services include foreign exchange, derivatives, loan syndications, mergers and acquisitions advisory services to middle-market companies, securities underwriting, and securities sales and trading.  PNC is now the number two syndicator of middle market transactions across the country.

With more than $2.6 trillion in total fund assets serviced and 76 million shareholder accounts, Global Investment Servicing is a leading provider of processing, technology and business solutions to the global investment industry.  The PNC Financial Services Group support an international client base from offices in the U.S. and Europe, offering fund accounting and administration services, transfer agency and shareholder services, global custody and securities lending services, subaccounting services, managed account services, alternative investment services, banking transaction services, marketing and distribution services and advanced output solutions.

On Oct. 16, 2008, The PNC Financial Services Group, Inc. reported net income of $248 million for the third quarter of 2008 compared with net income of $407 million for the third quarter of 2007 and net income of $505 million for the second quarter of 2008.  For the first nine months of 2008, the company earned net income of $1.13 billion compared with net income of $1.29 billion for the first nine months of 2007.

Total assets were $145.6 billion at September 30, 2008 compared with $131.4 billion at September 30, 2007 and $142.8 billion at June 30, 2008.  The increase compared with September 30, 2007 was primarily due to growth in loans and securities and the impact of acquisitions.  Average loans were $73.3 billion for the quarter and increased $8.5 billion, or 13 percent, compared with the year-earlier third quarter and $.5 billion, or 1 percent, compared with the second quarter of 2008.  The increase in average loans compared with the third quarter of 2007 was primarily a result of higher commercial loans, acquisitions and the transfer of education loans previously held for sale to the loan portfolio during the first quarter of 2008.

Average deposits of $85.0 billion for the third quarter of 2008 grew $6.6 billion, or 8 percent, compared with the third quarter of 2007.  Average deposits increased from the prior year third quarter as a result of acquisitions and growth in money market and time deposits.

Zion Bank

Zions Bancorporation is headquartered at One South Main Street Salt Lake City, Utah 84133.  Zions Bancorporation is a publicly traded company.  The company’s common shares are traded on the NASDAQ Stock Market under the symbol ZION.  As of September 30, 2008, Zions Bancorporation had assets of $54.3 billion.

Zions Bancorporation originated as Keystone Insurance and Investment Co., a Utah Corporation, in April 1955.  In April 1960, Keystone, together with several individual investors, acquired a 57.5 percent interest in Zions First National Bank from the LDS Church.  In 1965, the name of the company was changed to Zions Bancorporation.  The first public offering of shares in Zions Bancorporation was made in January 1966.

Zions First National Bank is a wholly owned subsidiary of Zions Bancorporation and operates over 500 offices and 600 ATMs in 10 Western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah and Washington.  Zions Bank operates 114 full-service branches throughout Utah, 24 full-service branches in Idaho, and nearly 200 ATMs in the two states.

Zions Bancorporation owns the following subsidiaries:

Zions First National Bank (Utah and Idaho)
Amegy Bank of Texas
California Bank & Trust
National Bank of Arizona
Nevada State Bank
The Commerce Bank of Oregon
The Commerce Bank of Washington
Vectra Bank Colorado

Zions Bancorporation has made the following acquisitions in the past five years:

Silver State Bank a Nevada bank on 9/05/2008  
Intercontinental Bank Shares Corporation, a Texas Bank, completed on 9/6/2007  
Stockmen’s Bancorp, Inc. an Arizona bank on 9/08/2006
Amegy Bancorporation, Inc. a Texas bank on 7/05/2005

Other businesses and affiliates owned by Zions Bancorporation include;

Zions Agricultural Finance
Zions Bank Capital Markets
Zions Credit Corporation
Zions Direct
Zions Management Services Company
Zions Public Finance
Zions Small Business Finance
NetDeposit
Contango Capital Advisors

ZION offers a full range of traditional banking services including home mortgages, bankcard, student and other installment loans, real estate mortgage loans, home equity lines of credit, checking accounts, savings accounts, time certificates of various types and maturities, trust services, safe deposit facilities, direct deposit, and 24-hour ATM access primarily to individuals.  The bank offers construction and commercial real estate financing cash management, and depository services to businesses.

In addition to a wide range of traditional banking services, Zions offers a comprehensive array of investment services that include fixed income trading, correspondent banking, public finance and trust, investment advisory, liquidity, and hedging services; wealth management services; capital markets, public finance, and financial technologies.  The company is also provides electronic banking services, including electronic municipal bond trading.

The bank furthermore has a network of loan origination offices for small businesses nationwide.  Through which it handles mortgage services, small business administration (SBA) lending services, which include SBA 7(a) loans to small businesses and SBA 504 financing; secondary market agricultural real estate mortgage loans, cash management, community development services.and municipal finance advisory and underwriting services.

On October 16, 2008 Zions Bancorporation reported third quarter net earnings, highlights from that repost include the following.  Net earnings applicable to common shareholders of $33.4 million compared to $132.0 million for the third quarter of 2007.  Year-to-date net earnings applicable to common shareholders were $207.4 million compared to $437.2 million for the same period in 2007.

On-balance-sheet net loans and leases of $41.9 billion at September 30, 2008 were unchanged from the balance at June 30, 2008, and increased approximately $4.1 billion or 10.7% from $37.8 billion at September 30, 2007.  The Company actively managed loan growth during the quarter in accordance with its stated desire to conserve capital and build capital ratios in the current uncertain economic environment.  The growth of loan volumes in certain geographies, particularly Texas, was offset by declines in other markets.

Average core deposits for the third quarter of 2008 increased $0.8 billion or 10.8% annualized to $33.2 billion compared to $32.4 billion for the second quarter of 2008, and increased $2.2 billion or 7.1% compared to $31.0 billion for the third quarter of 2007.
The increase for the third quarter of 2008 was $0.7 billion or 9.0% annualized compared to the second quarter of 2008.  Average core deposit growth for the quarter was concentrated in money market accounts.  Average total deposits for the third quarter of 2008 increased $0.5 billion to $37.3 billion or 6.0% annualized compared to $36.8 billion for the second quarter of 2008, and increased $1.5 billion or 4.4% compared to $35.8 billion for the third quarter of 2007.

At September 30, 2008, estimated regulatory Tier 1 risk-based capital and total risk-based capital were $3,982 million and $6,073 million compared to $3,685 million and $5,732 million at June 30, 2008, respectively.  Estimated ratios at September 30, 2008 for Tier 1 risk-based capital and total risk-based capital were 8.09% and 12.33% compared to 7.45% and 11.58% at June 30, 2008, respectively.

Corus Bank

Corus Bank, N.A operates as a wholly owned banking subsidiary of Corus Bankshares, Inc.  Corus Bank offers a variety of banking products and services including checking, savings, money market, certificates of deposit and loan originations.  Corus Bank has eleven banking branches in the Chicago area, offering deposit products to customers.  The bank’s loan origination activities include commercial real estate loans, condominium construction and conversion loans, residential real estate loans, and other commercial loans.  The bank is a nationwide construction lender, specializing in condominium, office, hotel, and apartment projects.  The company was founded in 1958 and is headquartered in Chicago, Illinois.

Corus Bank has been working in the commercial real estate lending business since nearly the time of the firm’s founding.  The commercial lending business has taken on an ever-growing importance for the bank over the last ten years, growing from 40% of the banks loan portfolio ten years ago, to virtually the entire loan portfolio as of year end 2007.  With a loan portfolio focused on loans to condominium developers, the bank is feeling the effects of the nationwide collapse in the housing market.  The slowdown in the housing market is impacting Corus Bank in terms of credit quality of loans on their books.

In the first half of 2008, we originated $1.2 billion of new loans. Corus did not originate any new loans in the third quarter.  Corus Bank reported a net loss for the 2008 third quarter of $128.0 million, down from net income of $35.5 million in the third quarter of 2007.  The year to date 2008 results were a net loss of $139.7 million, compared to net income of $104.3 million in 2007.

Practically all of Corus Banks funding comes from traditional deposit products.  These depositary accounts result from the bank’s national marketing of six- and twelve-month CDs and money market accounts to both individuals and businesses at competitive rates. By marketing its deposit products nationally, the bank attracts deposits without being limited to competing only in the very competitive Chicago market.

Corus Bank has followed this strategy of deposit base growth in lieu of opening branches.  While the bank pays relatively high interest rates, it can save money on the cost of the bricks and mortar and all of the expensive personnel costs of an extensive branch network.  Moreover, the bank has the ability to shrink deposits without the costs of closing branches as the funding needs of the bank prescribe.

As of September 30, 2008, Corus Bank’s capital totaled approximately $971 million, substantially greater than the regulatory requirement of $644 million for the bank to be categorized as well-capitalized.

Total deposits are $7.4 billion as of September 30, 2008, down just 3% since the beginning of the year.  During the month of September the bank opened more than 7,000 new accounts totaling over $387 million at an average balance of $55,000.  Total retail deposits at the bank at the end of third quarter consisted of more than 175,000 accounts.  Retail certificates of deposit totaled $5.029 billion in the third quarter and money market accounts totaled $1.680 billion.

GMAC Bank Profile

GMAC Bank is part of GMAC Financial Services.  GMAC Financial Services was founded in 1919 as a wholly owned subsidiary of General Motors Corp.  GMAC Bank was estabblished in 2001.  GMAC Bank is an online bank.  As of Dec. 31, 2007, GMAC Financial Services had $249 billion in assets and serviced 15 million customers.

On Nov. 30, 2006, GM sold a 51 percent controlling interest in GMAC to a consortium of investors led by Cerberus Capital Management, L.P., a private investment firm, and included Citigroup Inc., Aozora Bank Ltd. and a subsidiary of The PNC Financial Services Group, Inc.

GMAC was established to provide GM dealers with the financing necessary to acquire and maintain vehicle inventories and to provide customers a means by which to finance vehicle purchases.  The company’s products and services have since been expanded and now include three primary lines of business: automotive financing, real estate financing and insurance

GMAC Financial Services is a global finance company operating in and servicing North America, South America, Europe and Asia-Pacific. GMAC specializes in automotive finance, real estate finance, insurance, commercial finance and online banking.

GMAC Bank is an online internet based or online only bank.  As an online bank, they have low overhead, which allows the  bank to pass on the savings via superior interest rates to its customers.  GMAC Bank offers an online savings account, money market savings account and a variety of fixed-rate certificates of deposit.

GMAC Bank combines personal banking with the technology of the Internet and ATM access to offer its customers speed, convenience and security.  Customers can apply to the bank for products online, enroll for online banking, and gain secure online access their accounts whenever they need it.

As an added convenience, cusimers can easily transfer funds from their local checking account to a flexible, high-yield money market account with a few keystrokes or a phone call.  There are no lines and no waiting.  GMAC Bank lets customers do their personal banking on their own schedule.

GMAC announced third quarter results with a news release that stated:

GMAC Financial Services reported a 2008 third quarter net loss of $2.5 billion, compared to a net loss of $1.6 billion in the third quarter of 2007.  Results were primarily attributable to a significant loss at Residential Capital, LLC (ResCap) as adverse market conditions domestically and internationally continued to affect the mortgage business. GMAC’s automotive finance operation also experienced pressure from lower used vehicle prices and weaker consumer and dealer credit performance.  Other items affecting results were realized losses and valuation adjustments on assets held for sale and certain other investment securities as a result of illiquidity in the credit and capital markets. These items were partially offset by profitable results in the insurance businesses.

GMAC’s consolidated cash and cash equivalents were $13.5 billion at Sept. 30, 2008, down modestly from the cash and cash equivalents balance of $14.3 billion at June 30, 2008.  Of these total balances, ResCap’s cash and cash equivalents balance was $6.9 billion at quarter-end, up from $6.6 billion at June 30, 2008.  The change in consolidated cash is related to debt maturities at GMAC in the quarter, which was partially offset by reduced origination levels.

GMAC Bank assets and deposits continue to grow at a measured rate with total assets of $32.9 billion at quarter-end, which includes $8.5 billion of assets at the auto division and $24.4 billion of assets at the mortgage division.  This compares to $31.9 billion at June 30, 2008.  Deposits also increased in the third quarter to $17.7 billion at Sept. 30, 2008, compared to $16.9 billion at the end of the second quarter.

SunTrust Bank

SunTrust Banks, Inc. is headquartered in Atlanta, GA.  As of September 30, 2008 SunTrust had assets totaling $174.8 billion.  Through its banking subsidiaries, the company provides deposit, credit, trust, and investment services to a broad range of retail, business, and institutional clients.  Other subsidiaries provide mortgage banking, brokerage, investment management, equipment leasing, and capital market services.

The bank operates 1,692 retail branches and 2,506 ATMs in Alabama, Arkansas, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia, and the District of Columbia. In addition, SunTrust provides customers with a full range of technology-based banking channels, including Internet, PC, and automated telephone banking.

SunTrust’s Internet address is suntrust.com.  The contact number is 800-786-8787.
On Oct. 23, 2008 SunTrust Bank, Inc reported net income of $307.3 million for the third quarter of 2008, or $0.88 per average common diluted share, compared to $412.6 million, or $1.18 per average common diluted share, in the third quarter of 2007.

Highlights from the third quarter report include the following information and data.

Fully taxable-equivalent revenue was $2,460.9 million for the third quarter of 2008, an increase of 20.7% compared to the third quarter of 2007, driven by the securities gains from the contribution of the Coke stock, mark to market valuation gains on the Company’s public debt and related hedges carried at fair value, and increased fee income. These items were partially offset by a 3.6% decline in net interest income, a decline in trust and investment management income, and the expected market valuation write-down of ARS.

For the nine months, fully taxable-equivalent revenue was $7,284.2 million, up 12.4% over prior year.  The increase was driven by incremental net securities gains of $424.8 million, gains from the sale of non-strategic businesses and the sale/leaseback of certain corporate real estate properties, the Visa IPO gain, net positive mark-to-market valuations, and increased fee income from the Company’s core businesses.  These contributions to growth were partially offset by lower net interest income, trust and investment management income, and the write-down related to ARS.

Fully taxable-equivalent net interest income was $1,175.7 million in the third quarter of 2008, a decrease of 3.6% from the third quarter of 2007.  Net interest margin declined 11 basis points compared to the third quarter of 2007. On a sequential quarter basis, net interest margin declined 6 basis points.  The decline in net interest income was primarily due to the increase in nonaccrual loans, a reduction in Coke and Federal Home Loan Bank dividend income, LIBOR rate volatility during September in particular, and lower interest income associated with a small increase in the Company’s leverage lease reserves. While earning assets remained essentially flat over the past twelve months, higher yielding assets, such as loans held for sale, have declined and lower yielding assets, such as commercial loans, have increased.  Lower rates on customer and wholesale deposits, as well as growth in customer deposits, helped offset the decline in interest income.

For the nine months, fully taxable-equivalent net interest income was $3,528.5 million, a decline of 2.7% from 2007 while net interest margin was relatively flat.  Balance sheet management strategies initiated in 2007 led to a $3.8 billion, or 2.5%, decline in average earning assets, namely loans held for sale, real estate construction loans, and interest-earning trading assets, which was partially offset by growth in commercial loans.

Mortgage production income was $50.0 million in the third quarter of 2008 compared to $13.0 million in the third quarter of 2007.  Lower loan production and related fees in 2008 were offset by a significant reduction in valuation losses recorded in the third quarter of 2007 on the Alt-A loans held in the warehouse.  Mortgage servicing related income in the third quarter of 2008 increased primarily due to higher servicing fee income driven by growth in the servicing portfolio from $149.9 billion as of September 30, 2007 to $159.3 billion as of September 30, 2008.

In the third quarter of 2008, the Company experienced strong growth in service charges on deposit accounts and card fees, which increased 12.3% and 10.9%, respectively, over the same period of 2007.  Investment banking income grew 30.4%, related to increased loan syndication and capital markets activity; however, trust and investment income declined 15.8%, reflecting the sale of certain trust related businesses earlier in 2008 and lower fee income attributable to the decline in the equity markets.  Trading account profits and commissions includes the mark-to-market valuation adjustments on financial instruments carried at fair value including the Company’s publicly-traded debt and related hedges carried at fair value and the ARS expected loss.  Securities gains included the $183.4 million gain from the contribution of Coke shares, partially offset by a $10.3 million charge for other-than-temporary impairment of certain securities available for sale.

Average loans for the third quarter of 2008 were $125.6 billion, up $6.1 billion, or 5.1%, from the third quarter of 2007.  The increase was primarily in commercial-related categories.  Average construction loans declined $3.2 billion, or 23.3%, due to the Company’s efforts to reduce its exposure to construction loans and the transfer to nonaccrual loans. Indirect auto loans declined $0.8 billion, or 10.2%, driven by SunTrust’s de-emphasis of this business.  Average loans held-for-sale also declined $5.3 billion, or 54.3%, as loan originations declined 35.5%, production shifted to predominantly agency products, and efficiency improved in loan delivery. On a sequential quarter basis, total average loans increased slightly with the product trends remaining consistent.

Average consumer and commercial deposits for the third quarter of 2008 were $100.2 billion, up $3.5 billion, or 3.6%, from the third quarter of 2007, as increases in NOW and money market deposits were partially offset by declines in demand deposit and savings account balances.  Average brokered deposits declined $5.1 billion, or 32.3%, from the third quarter of 2007 as consumer and commercial interest bearing deposits increased $4.1 billion.  On a sequential quarter basis, total average deposits decreased $0.8 billion, or 0.7%, driven by reductions in most deposit categories.  The decline in average balances was driven largely by decreases experienced in July and August, as September reversed this trend with growing balances, particularly in the later part of the month.

The estimated Tier 1 capital, total average shareholders’ equity to total average assets, and tangible equity to tangible assets ratios at September 30, 2008 were 8.15%, 10.34%, and 6.40%, respectively. This compares to 7.44%, 10.05%, and 6.36% at September 30, 2007 and 7.47%, 10.31%, and 6.27% at June 30, 2008.  The increases are primarily attributable to completion of the Coke transactions.  The Company’s regulatory capital ratios are significantly in excess of the regulatory requirements for well capitalized status.