Analysis Of Bailout Funding_19012008

Analysis of US Bailout Fund Recipients by EP Heidner In EP Heidner's Collateral Damage (Part 2): The Subprime Crisis and the Terrorist Attacks on September 11, 2001, it is contended that a select number of global banks, under the guidance of named individuals from GoldmanSachs, Citigroup and Carlyle, are bent on crashing the US financial system much as they did with the Soviet Union in the early 1990s. The research presented in this analysis supports the theory that the largest US based institutions behind the bailout are, through manipulation of the Treasury and Congress, attempting to bankrupt the US Treasury much as was the prequisite to their crashing of the Soviet economy and banking system in 19911992. These banks' activities leading to the crash of the Soviet economy are found in the report Collateral Damage: U.S. Covert Operations and the Terrorist Attacks on September 11, 2001. This data in this report clearly demonstrates that 80% of the funding goes to the top ten companies which all have offshore subsidiaries in tax havens and locations that prevent disclosure, much as was set up for the Soviet Union by consultants from Riggs-Valmet (now evolved into PNC). It should become clear by reading the research comments that in general, banks are not using the funding for purposes intended by Congress, but are being used first and foremost to extend their asset base through acquisition of banks with deposits. This acquisition of bank deposits is critical for the next phase, because under the Basel II agreement which took effect in January 2009 in the U.S., reserve ratios will be more tightly managed, and deposits will be critical for loans required for future acquisitions.

EP Heidner

Page 1 of 14

January 19, 2009

11/10/08 AIG

5 1

1

1

9 1

$254,476,198,000 $45,000,000,000 18% $277Billion: "Citigroup and the government identified a pool of about $306 billion in 1,2,5 troubled assets. Citigroup will absorb the first $29 billion in losses. After that, the Treasury, the Federal Reserve and the Federal Deposit Insurance Corp. will take on any additional losses, though the company could have to share a small portion of additional losses." 427 Subsidiaries in Jurisdictions Listed as Tax Havens or Financial Privacy Jurisdictions

1

$40,000,000,000 33% 18 Subsidiaries in Jurisdictions Listed as Tax Havens or Financial Privacy Jurisdictions

1,5

Top 50 Bank Holding Companies: Rank

Research Notes

Source Documentation (See Notes)

6

Amount Allocated

Cumulative % of Total

24

Uses Nontransparent Offshore Holding Cos

Became Bank Holding Co. to access funding

14

Ongoing Lawsuits or investigations

25

No suggested mis-use of funds

Totals 10/14/08 Citigroup

Pending acquisitions or considering acquisitions

Capital Financial Institution Injection (Listed in order of Date size of allocation)

Companies with 2008 Acquisitions

Analysis of US Bailout Fund Recipients by EP Heidner

Top 50 Bank Holding Company

2

CITIGROUP INC. (1951350)

Total Assets

$9,558,945,255,000 $2,050,131,000,000

10/14/08 Bank of America (incl. Merrill Lynch)

1

1

$25,000,000,000 43% $15 billion for BoA plus $10 billion for Merril Lynch. Merrill 95-Year Run Ends as Bank of America Buys Firm (Update1), Zachary R. Mider,Bloomberg, January 1, 2009, "Merrill Lynch & Co.’s 95-year run as an independent company is coming to an end as Bank of America Corp. completed its acquisition of the broker for about $33 billion in stock." 115 Subsidiaries in Jurisdictions Listed as Tax Havens or Financial Privacy Jurisdictions

1,5

3

BANK OF AMERICA CORPORATION (1073757)

$1,836,452,425,000

10/28/08 JPMorgan Chase & Co.

1

1

$25,000,000,000 53% JPMorgan Chase acquired Bear Stearns this spring in a fire sale brokered by the federal government. 50 Subsidiaries in Jurisdictions Listed as Tax Havens or Financial Privacy Jurisdictions

3,5

1

JPMORGAN CHASE & CO. (1039502)

$2,251,469,000,000

10/28/08 Wells Fargo & Co.

1

1

$25,000,000,000 63% Regulators Approve Wells Fargo Takeover of Wachovia By MICHAEL J. de la 3,5 MERCEDPublished: October 9, 2008 Federal antitrust regulators on Friday approved the acquisition of the troubled bank, the Wachovia Corporation, by Wells Fargo, the West Coast bank, bringing the battle for the bank to an end.Wells Fargo — which had dropped out of talks with Wachovia earlier in the week — came back with an all-stock offer then worth $15 billion to buy all of Wachovia without government support. 34+59 =93 Subsidiaries in Jurisdictions Listed as Tax Havens or Financial Privacy Jurisdictions

WELLS FARGO & COMPANY (1120754) WACHOVIA CORPORATION (1073551)

$1,382,919,000,000

10/28/08 Goldman Sachs Group Inc.

1

1

1

$10,000,000,000 67% Popular Completes Sale of Loan and Servicing Assets of U.S. Mortgage Subsidiary,...SAN JUAN, Puerto Rico, Nov. 3 /PRNewswire-FirstCall/ -- Popular, Inc. ("Popular") (NASDAQ: BPOP, BPOPO, BPOPP) (Popular) announced today that it has completed the sale of the loan and servicing assets of its U.S. mortgage subsidiary Popular Financial Holdings, Inc. to various Goldman Sachs affiliates. The sale would result in a reduction of approximately $900M in loans and mortgage servicing assets that are mainly accounted at fair value, providing Popular with more than $700 million in additional liquidity and significantly reducing Popular's U.S. subprime assets. 29 Subsidiaries in Jurisdictions Listed as Tax Havens or Financial Privacy Jurisdictions

3,5

1

1

$10,000,000,000 71% Morgan Stanley amassing $10 billion property fund, Real Estate Investment SmartBrief,12/22/2008 "Shrugging off concerns about a downturn in property markets, Morgan Stanley plans to invest $1.5 billion in China from the $10 billion that it is raising for its global property fund, a source said. The Morgan Stanley Real Estate Fund VII Global will likely begin investing before the end of 2008. Investments in China will focus on the country's largest cities, where luxury apartments can sell for $20 million or more." http://www.smartbrief.com/news/aaaa/storyDetails.jsp?issueid=4FE5E1F5-6DC6-4D34AEC2-0635F9A09675©id=B9E56A42-6ED7-4EB0-8B9A-88BE8C315D82&lmcid=; 273 Subsidiaries in Jurisdictions Listed as Tax Havens or Financial Privacy Jurisdictions

3,5

1

$8,003,000,000 74% Acquires National City Bank ; April 4, 2008 /PRNewswire-FirstCall/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it has completed its acquisition of Sterling Financial Corporation. Shares of Sterling will no longer be listed on the NASDAQ stock exchange. Sterling received $303,000,000 12/05. Not identified by AOG as having subsidiaries in Jurisdictions Listed as Tax Havens or Financial Privacy Jurisdictions, but Riggs had several, and was acquired by PNC during the survey.

10/28/08 Morgan Stanley

10/24/08 & PNC Financial 12/05/08 Services

EP Heidner

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5&4

14 & 16 PNC FINANCIAL SERVICES GROUP, INC., THE (1069778) & NATIONAL CITY CORPORATION (1069125)

January 19, 2009

1

11/17/08 Capital One Financial Corp.

1

1

1

Top 50 Bank Holding Companies: Rank

12/30/08 GMAC Financial Services

$6,599,000,000 76% Acquires 2 banks (Downey Savings and Loan Association and PFF Bank and Trust) via U.S. Bank, National Association

3

10

$5,000,000,000 78% Participation: GMAC applied to become a bank holding company and participate in TARP, conditional upon becoming a bank holding company. Cereberus acquisitons managed through Cerberus Acquisition L.P. a Cayman Islands exempted limited partnership; On October 19, 2006, John W. Snow, President George W. Bush's second United States Secretary of the Treasury, was named chairman of Cerberus. 2 Subsidiaries in Jurisdictions Listed as Tax Havens or Financial Privacy Jurisdictions

5

$3,555,199,000 80% NEW YORK Dec. 4, 2008--Standard & Poor's Ratings Services said today that its ratings on Capital One Financial Corp. (Capital One; BBB+/Stable/--) are not affected by the announcement that it plans to acquire Chevy Chase Bank, FSB (BBB-/Stable/--), due to the terms of the transaction, the limited cost, and20the positive enhancement it will make to Capital One's retail banking franchise. We believe the substantial $1.75 billion in credit marks that Capital One has factored into the price of this acquisition will buffer the firm from future loan credit losses as the gross credit mark equals 33% of the existing Chevy Chase option arm portfolio. In addition, the purchase price of $520 million, $75 million in stock, and the remainder in cash, is easily met with cash on hand.

3

13

CAPITAL ONE FINANCIAL CORPORATION (2277860)

$154,803,113,000

REGIONS FINANCIAL CORPORATION (3242838) SUNTRUST BANKS, INC. (1131787)

$144,294,958,000

FIFTH THIRD BANCORP (1070345) BB&T CORPORATION (1074156)

$116,294,077,000

Amount Allocated

Cumulative % of Total

Uses Nontransparent Offshore Holding Cos

Became Bank Holding Co. to access funding

No suggested mis-use of funds

Ongoing Lawsuits or investigations

1

Source Documentation (See Notes)

11/17/08 U.S. Bancorp

Pending acquisitions or considering acquisitions

Capital Financial Institution Injection (Listed in order of Date size of allocation)

Companies with 2008 Acquisitions

Analysis of US Bailout Fund Recipients by EP Heidner

Research Notes

Top 50 Bank Holding Company

Total Assets

U.S. BANCORP (1119794) 51% owned by Chrysler's parent company Cerberus Capital Management and 49% by GM

11/17/08 Regions Financial Corp. 11/17/08 SunTrust Banks Inc.

1

$3,500,000,000 81% acquires Integrity Bank

3

15

1

$3,500,000,000 83% acquires First Priority Bank ; Chief Executive James M. Wells said he anticipated the "prudent deployment" of capital in areas such as the expansion of "careful lending" and business capability, as well as the exploration of potential acquisitions. Wells also said keeping capital at elevated levels was desirable given the economic environment. SunTrust cut its quarterly dividend by 30% to 54 cents from 77 cents Oct. 27.2008

3

11

10/27/08 Fifth Third Bancorp

1

$3,450,000,000 84% acquires Freedom Bank

19

$174,776,760,000

11/17/08 BB&T Corp.

1

$3,133,640,000 85% RALEIGH, N.C., Dec. 18 /PRNewswire-FirstCall/ -- BB&T Insurance Services, the nation's sixth largest insurance broker, today said it plans to expand its metro Orlando, Fla., operation with the acquisition of J. Rolfe Davis Insurance of Maitland.

3

17

10/28/08 Bank of New York Mellon Corp.

1

$3,000,000,000 86% The Bank of New York Mellon Acquires All Shares of JPMorgan Trust Bank Limited in Japan, PR Newswire, Oct 8, 2008 Transaction Strengthens The Bank of New York Mellon's Corporate Trust Leadership Position across Asia Pacific TOKYO, Oct. 8 /PRNewswire-FirstCall/ -- The Bank of New York Mellon, the global leader in asset management and securities servicing, has entered into a definitive agreement with JPMorgan Chase & Co. to acquire all issued and outstanding shares in JPMorgan Trust Bank Limited in Japan. The transaction is a result of the company's acquisition of JPMorgan Chase's global corporate trust business in 2006. Terms of the deal were not disclosed.

3

9

BANK OF NEW YORK MELLON CORPORATION, THE (3587146)

$267,636,000,000

$2,500,000,000 87% Jan. 2, 2008 /PRNewswire-FirstCall/ -- KeyCorp (NYSE: KEY)completed its acquisition of U.S.B. Holding Co., Inc. (NYSE: UBH) of Orangeburg, N.Y. The acquisition will add $3.0 billion in assets and 31 branches to Key's Hudson Valley/Metro NY District. U.S.B. Holding Co., Inc., is the holding company for Union State Bank (USB), one of the leading state-chartered commercial banks serving southern New York state.

3

20

KEYCORP (1068025)

$101,494,797,000

11/17/08 KeyCorp

12/29/08 CIT Group

EP Heidner

1

1

1

$137,040,900,000

$2,333,000,000 88%

Page 3 of 14

January 19, 2009

1

1

11/17/08 Northern Trust Corp.

11/17/08 Zions Bancorporation 11/17/08 Huntington Bancshares

EP Heidner

1

1 1

$2,250,000,000 89% New Comerica Bank Offices in Southern California Continue Banking Center Expansion in Long Beach, Los Angeles and San DiegoDecember 30, 2008 2:23 PM All PR Newswire news; LOS ANGELES, Dec. 30 /PRNewswire-FirstCall/ -- The opening this month of three more Comerica banking centers in Southern California capped another year of growth for the Dallas-based bank. Ten of the 14 new banking centers opened in 2008 in California were in five Southern California counties, including four new offices in Los Angeles and three new offices in San Diego County; New Banking Center in Avondale is Comerica Bank's 12th Maricopa County LocationDecember 30, 2008 3:17 PM ; All PR Newswire news: Full-service WestValley office, Comerica's fourth in Phoenix for 2008, follows Dec. 19 opening of banking center in Tempe

3

24

COMERICA INCORPORATED (1199844)

$2,000,000,000 90% At just 1% of the $2 trillion under management, the subprime problems at State Street may not be as life-threatening as those for bigger banks. $618 million to cover legal costs and a possible settlement of investor lawsuits against its Global Advisors investment arm.

3

8

STATE STREET CORPORATION (1111435)

$1,715,000,000 91% Marshall & Ilsley Corporation Completes Acquisition of a Majority Interest in Taplin, Canida & Habacht, Inc.December 3, 2008 4:30 PM ET All PR Newswire news. MILWAUKEE, Wis., Dec. 3 /PRNewswire-FirstCall/ -- Marshall & Ilsley Corporation MI (M&I) announced today that it has completed its acquisition of a majority interest in Taplin, Canida & Habacht, Inc. (TCH).Marshall & Ilsley Corporation MI is a diversified financial services corporation headquartered in Milwaukee, Wis., with $63.5 billion in assets. Founded in 1847, M&I Marshall & Ilsley Bank is the largest Wisconsinbased bank, with 193 offices throughout the state. In addition, M&I has 52 locations throughout Arizona; 32 offices in Indianapolis and nearby communities; 34 offices along Florida's west coast and in central Florida; 15 offices in Kansas City and nearby communities; 25 offices in metropolitan Minneapolis/St. Paul, and one in Duluth, Minn.; and one office in Las Vegas, Nev. M&I's Southwest Bank subsidiary has 17 offices in the greater St. Louis area.

3

26

MARSHALL & ILSLEY CORPORATION (3594612)

$63,517,959,000

$1,576,000,000 91% Northern Trust said its capital levels remain considerably above the minimum “well capitalized” levels set by banking regulators.But, in response to an analyst question during its earnings conference call late Wednesday morning, the company said it’s likely to apply to a recently announced program in which the U.S. Treasury Department is buying preferred stock in companies as a way of injecting capital into them. Two Northern rivals, State Street and Bank of New York Mellon, are also participating.“We think it’s an attractive program,” Northern executive Steve Fradkin said.The usual sources of capital are “limited” in these chaotic times, he said.Also, if people have learned nothing else in the recent unheaval, “it’s that strong capital is a good thing,” he said, noting that, in the past, Northern has been criticized for having excess capital.He also said that there will likely be acquisition opportunities for Northern as the market shakes out. Northern Trust has punishing third quarter, James P Miller and Becky Yerak, Chicago Tribune.com,October 22, 2008

3

21

NORTHERN TRUST CORPORATION (1199611)

$79,243,977,000

$1,400,000,000 92% acquires Silver State Bank via Nevada State Bank (not a Fed reserve Bank)Subsidiary of Zions Bancorporation $1,398,071,000 92% "Huntington on Nov. 16 warned investors it had a $1.5 billion exposure to the nation's subprime mortgage mess through the inherited relationship and was preparing to set aside hundreds of millions of dollars to cover an expected sharp rise in loan losses. Adams, then Huntington's president, retired a few weeks after the announcement. Huntington's announcement came as a surprise to former Waterfield shareholders, whose stock by then had been converted to Huntington shares, the complaint alleges, adding that Huntington's disclosures related to its Franklin relationship shine light on Sky's previous omissions. According to the complaint, Sky classified its loans to Franklin as commercial, not residential, in an April 2006 regulatory filing. It said in documents related to the acquisition Sky failed to mention Franklin by name or characterize the magnitude of its relationship with the lender." Shareholders sue Huntington Bancshares over Franklin Credit,Pittsburgh Business Times,May 23, 2008

3

30

$54,042,757,000

3

29

ZIONS BANCORPORATION (1027004) HUNTINGTON BANCSHARES INCORPORATED (1068191)

Amount Allocated

Cumulative % of Total

Uses Nontransparent Offshore Holding Cos

Became Bank Holding Co. to access funding

No suggested mis-use of funds

Top 50 Bank Holding Companies: Rank

10/28/08 State Street Corp.

11/17/08 Marshall & Ilsley Corp.

Ongoing Lawsuits or investigations

1

Source Documentation (See Notes)

11/17/08 Comerica Inc.

Pending acquisitions or considering acquisitions

Capital Financial Institution Injection (Listed in order of Date size of allocation)

Companies with 2008 Acquisitions

Analysis of US Bailout Fund Recipients by EP Heidner

Research Notes

Page 4 of 14

Top 50 Bank Holding Company

Total Assets

$65,710,366,000

$286,712,268,000

$54,669,893,000

January 19, 2009

1

$967,870,000 93% Keefe, Bruyette and Woods Upgrades Synovus Financial (SNV) to Market Perform on Valuation November 14, 2008 7:40 AM EST http://www.streetinsider.com/ Keefe analyst says, "We are upgrading the shares of Synovus to Market Perform from Underperform on the recent weakness in the stock as evident by the 35% decline since mid- September. We continue to feel that SNV's earnings will be under pressure, with losses projected for the next 4 quarters, primarily related to its residential construction exposure (25% of loans). We are leaving our price target unchanged at $8...There is a risk that Synovus could complete a large acquisition that would be dilutive to shareholders or the integration of the acquisition could have an adverse impact on operating results

3

32

SYNOVUS FINANCIAL CORP. (1078846)

$34,339,141,000

$935,000,000 93% see Goldman Sachs

3

31

POPULAR, INC. (1129382)

$40,390,000,000

Amount Allocated

Cumulative % of Total

Top 50 Bank Holding Companies: Rank

12/05/08 Popular, Inc.

Uses Nontransparent Offshore Holding Cos

Became Bank Holding Co. to access funding

No suggested mis-use of funds

Ongoing Lawsuits or investigations

1

Source Documentation (See Notes)

12/19/08 Synovus Financial Corp.

Pending acquisitions or considering acquisitions

Capital Financial Institution Injection (Listed in order of Date size of allocation)

Companies with 2008 Acquisitions

Analysis of US Bailout Fund Recipients by EP Heidner

Research Notes

Top 50 Bank Holding Company

Total Assets

11/17/08 First Horizon National Corp.

1

$866,540,000 93% As for First Horizon, the firm plans to use some of the new capital to bulk up First Tennessee, including new branches, added lending and making "targeted" acquisitions, Miller said." Federal aid to First Horizon National Corp. likely in 30-45 days,David Flaum (Contact), Memphis Commercial Appeal, October 28, 2008

3

33

FIRST HORIZON NATIONAL CORPORATION (1094640)

$32,805,263,000

11/20/08 M&T Bank Corporation (Manufacturers and Traders Trust Company)

1

$600,000,000 94% In December 2008, M&T Bank announced its intention to purchase Baltimore based Provident Bank, in a deal which is expected to close in mid-2009. http://en.wikipedia.org/wiki/M&T_Bank#cite_note-0

1

25

M&T BANK CORPORATION (1037003)

$65,247,215,000

12/31/08 New York Community Bancorp, Inc

1

$596,000,000 94% "we routinely evaluate opportunities to expand through acquisition and frequently conduct due diligence activities in connection with such opportunities. As a result, acquisition discussions and, in some cases, negotiations, may take place at any time, and acquisitions involving cash, debt, or equity securities may occur." 10-Nov-2008, Quarterly Report,ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS

34

NEW YORK COMMUNITY BANCORP, INC. (2132932)

COLONIAL BANCGROUP, INC., THE (1080465) ASSOCIATED BANC-CORP (1199563) CITY NATIONAL CORPORATION (1027518) WEBSTER FINANCIAL CORPORATION (1145476)

$26,262,575,000

FULTON FINANCIAL CORPORATION (1117129) TCF FINANCIAL CORPORATION (2389941) SOUTH FINANCIAL GROUP, INC., THE (1141599)

$16,136,145,000

12/2/08 Colonial BancGroup, Inc. 11/21/08 Associated BancCorp 11/21/08 City National Corporation 11/21/08 Webster Financial Corporation

1

$550,000,000 94% nothing in the works

1

36

1

$525,000,000 94% nothing in the works

3

37

1

$400,000,000 94% nothing in the works

3

47

1

$400,000,000 95% So Webster Bank caught lots of local ink Friday for its Nov. 13 announcement of “a 90-day moratorium on home foreclosures for Webster-owned mortgages and the expansion of mortgage assistance programs aimed at keeping families in their homes.” Michael Sheahan, senior vice president in charge of mortgage lending for Webster, said there are approximately 400 mortgages — worth $40 million to $60 million — that could qualify for the moratorium. “Roughly one-third or less are in some form of foreclosure,” he said. Very kind. But for the fact that Webster has been allowed to heist $400 million from Treasury’s Capital Purchase Program for,...November 17, 2008 http://seekingalpha.com/article/106342-foreclosure-relief-1-million-apiece?source=bnet

3

40

12/10/08 Astoria Financial Corp 12/10/08 Fulton Financial Corp. (FULT) 11/17/08 TCF Financial Corp.

1

$375,000,000 95% nothing in the works

1

1

$375,000,000 95% nothing in the works

1

48

1

$361,172,000 95% nothing in the works

3

46

1

$347,000,000 95% nothing in the works

3

49

$330,000,000 95% completed the all-cash acquisition of UBS Fiduciary Trust Company

3

12/05/08 South Financial Group, Inc. 12/12/08 Wilmington Trust Corp.

EP Heidner

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$22,488,541,000 $16,335,088,000 $17,523,422,000

$16,541,975,000 $13,696,595,000

January 19, 2009

12/05/08 East West Bancorp

12/12/08 Citizens Republic Bancorp Inc. 12/12/08 Susquehanna Bancshares Inc.

12/19/08 Whitney Holding Corporation

11/17/08 UCBH Holdings Inc.

$0 95% acquired by PNC...PITTSBURGH, April 4, 2008 /PRNewswire-FirstCall/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it has completed its acquisition of Sterling Financial Corporation. Shares of Sterling will no longer be listed on the NASDAQ stock exchange. $300,000,000 96% On July 1, 2008, Valley completed the acquisition of Greater Community Bancorp ("Greater Community") with approximately $1.0 billion in total assets and 16 full-service branches in northern New Jersey. The purchase price of $167.8 million was paid through a combination of Valley's common stock and warrants.

1

1

3

$300,000,000 96% nothing in the works

3

$300,000,000 96% May 2008 LITITZ, Pa. -- Susquehanna Bancshares, Inc. (Nasdaq:SUSQ), a regional financial services holding company, has completed the acquisition of Stratton Holding Company, an investment management company with approximately $3 billion in assets under management

3

1

$300,000,000 96% NEW ORLEANS, Nov 7, 2008 (GlobeNewswire via COMTEX News Network) -- Whitney Holding Corporation (Nasdaq:WTNY) announced today that it has completed its acquisition of Parish National Corporation, which is headquartered in Covington, Louisiana, in a cash and stock transaction. The acquisition was approved by Parish National's shareholders on November 6, 2008 at a special meeting. Parish National Corporation is the parent company of Parish National Bank, which had approximately $771 million in total assets, $606 million in loans and $636 million in deposits as of September 30, 2008.

3

$298,737,000 96% UCBH Holdings Inc, East West Bancorp Inc, Wilshire Bancorp Inc. and Nara Bancorp Inc. are likely to explore deals again. The executives of the Nara Bancorp and Wilshire Bancorp Inc. are open to acquisitions after having received capital. Thomas S. Wu, the president and CEO of UCBH, said: "Banks who have received capital will now be in a much better position to consider acquisitions in 2009."

3

1

$258,000,000 96% nothing in the works

3

1

$250,000,000 96% nothing in the works

3

1

1

12/12/08 SVB Financial Group

1

$248,000,000 96% Akron bank FirstMerit Corp. reported share prices that closed higher for the calendar year just ended. $235,000,000 96% our credit quality remains strong. Thanks to our minimal exposure to the mortgage market and to our complete lack of exposure to subprime as well as our disciplined credit culture we have maintained good credit quality in line with our expectations at this point. Ken Wilcox, SVB Financial Group (SIVB),Q3 2008 Earnings Call Transcript,October 23, 2008,

11/20/08 International Bancshares Corporation

1

$216,000,000 96% nothing in the works

1

11/21/08 Trustmark Corporation

1

$215,000,000 97% nothing in the works

3

Page 6 of 14

Total Assets

3

12/05/08 Cathay General Bancorp 12/19/08 Wintrust Financial Corporation 11/13/08 FirstMerit Corp

EP Heidner

Top 50 Bank Holding Company

3

1

1

Top 50 Bank Holding Companies: Rank

Research Notes

Source Documentation (See Notes)

Cumulative % of Total

Uses Nontransparent Offshore Holding Cos

Amount Allocated

$306,546,000 95% PASADENA, Calif., March 17 /PRNewswire-FirstCall/ -- East West Bancorp, Inc. (Nasdaq: EWBC), parent company of East West Bank, one of the nation's premier community banks, has completed the acquisition of Standard Bank, a $923 million asset federal savings bank headquartered in Monterey Park, California. Standard Bank will merge with East West Bank as of the close of business today...UCBH Holdings Inc, East West Bancorp Inc, Wilshire Bancorp Inc. and Nara Bancorp Inc. are likely to explore deals again. The executives of the Nara Bancorp and Wilshire Bancorp Inc. are open to acquisitions after having received capital. Thomas S. Wu, the president and CEO of UCBH, said: "Banks who have received capital will now be in a much better position to consider acquisitions in 2009."

12/05/08 Sterling Financial Corporation (see PNC)

11/17/08 Valley National Bancorp

Became Bank Holding Co. to access funding

1

No suggested mis-use of funds

1

Ongoing Lawsuits or investigations

Pending acquisitions or considering acquisitions

Capital Financial Institution Injection (Listed in order of Date size of allocation)

Companies with 2008 Acquisitions

Analysis of US Bailout Fund Recipients by EP Heidner

3

January 19, 2009

11/17/08 Umpqua Holdings Corp.

1

$214,181,000 97% "The financial services industry is struggling as a result of the housing market downturn and we're now seeing the impact of that as companies eliminate their residential mortgage lending divisions. Umpqua Bank isn't making any changes to this area and, continues to see significant activity in its mortgage division. Umpqua's management team has carefully stayed within its traditional lending guidelines rather than moving to the industry's less responsible requirements and, as a result, has been able to sustain its strong credentials throughout industry turmoil." Taking Profits in Umpqua Holdings (UMPQ) 9/8/2008

3

11/17/08 Washington Federal Inc. 12/3/08 United Bankshares 12/05/08 MB Financial Inc.

1

$200,000,000 97% nothing in the works

3

1

$197,000,000 97% nothing in the works $196,000,000 97% "We have maintained our disciplined investment management philosophy. We have not incurred impairment losses on any investment securities during 2008 and have avoided the types of problem securities that have caused many financial institutions to incur large losses....Fee income growth continues to be good. Core fee income increased by $3.5 million or 15% compared to the third quarter of 2007. This increase was driven by robust growth in trustand asset management fees, resulting from our acquisition of Cedar Hill Associates, LLC (Cedar Hill) during the second quarter of 2008." CHICAGO--(BUSINESS WIRE)--Oct. 31, 2008--MB Financial, Inc.

1 3

1

$193,000,000 97% nothing in the works

3 3

1

$184,011,000 97% On February 15, 2008, the Company completed the acquisition of Great Lakes Bancorp, Inc., the parent company of Greater Buffalo Savings Bank $180,634,000 97% nothing in the works

3

1

$180,000,000 97% nothing in the works

3

$154,000,000 97% Boston Private Financial Holdings Inc intends to look at acquisition opportunities. D. Dawson, interim CEO of the company said: "We have raised enough new capital to ensure that we have a strong balance sheet enterprise wide. We think that we have the capital now to support all of our companies with organic growth, and when the time is right, we can look for acquisitions." Boston Private Financial Eyes Acquisitions, 08/22/2008.

3

$151,500,000 97% nothing in the works

3

$150,000,000 97% Jan. 4, 2008 /PRNewswire-FirstCall/ -- National Penn Bancshares,Inc. (Nasdaq: NPBC) today announced the closing of its acquisition of Christiana Bank & Trust Company. "our board of directors also approved an increase in our cash dividend to $0.1725 per share which equates to an annual dividend of $0.69 per share. Based on roughly 80 million shares outstanding, the cost of this increase is approximately $800,000 per year. You may ask why on one hand we are raising new capital and on the other hand, we're paying out higher cash dividends."National Penn Bancshares, Inc. (NPBC),Q3 2008 Earnings Call Transcript, October 23, 2008,

3

$140,000,000 97% "We also expect to take advantage of the U.S. Treasury Department’s recently announced Capital Purchase Program. This will enable us to further expand our existing active lending business, as well as position us to pursue potential growth opportunities." From Robert Sarver, Chairman and CEO, Western Alliance Bancorporation." October 24, 2008

3

$135,000,000 97%

1

$130,000,000 98% $125,198,000 98%

3 3

12/05/08 First Midwest Bancorp, Inc. 11/21/08 First Niagara Financial Group 11/21/08 Pacific Capital Bancorp 12/05/08 United Community Banks, Inc. 11/21/08 Boston Private Financial Holdings, Inc.

11/17/08 Provident Bancshares Corp. 12/12/08 National Penn Bancshares Inc.

11/21/08 Western Alliance Bancorporation

12/9/08 Central Pacific Financial Corp 12/05/08 CVB Financial Corp 12/12/08 Sterling Bancshares Inc.

EP Heidner

1

1

1

1 1

1

Page 7 of 14

Top 50 Bank Holding Companies: Rank

Research Notes

Source Documentation (See Notes)

Amount Allocated

Cumulative % of Total

Uses Nontransparent Offshore Holding Cos

Became Bank Holding Co. to access funding

No suggested mis-use of funds

Ongoing Lawsuits or investigations

Pending acquisitions or considering acquisitions

Capital Financial Institution Injection (Listed in order of Date size of allocation)

Companies with 2008 Acquisitions

Analysis of US Bailout Fund Recipients by EP Heidner

Top 50 Bank Holding Company

Total Assets

January 19, 2009

11/21/08 12/12/08 12/8/08 11/21/08

Banner Corporation Signature Bank 1st Source Corp Taylor Capital Group

12/19/08 Plains Capital Corporation 11/7/08 Midwest Banc Holdings 12/05/08 Sandy Spring Bancorp, Inc. 12/19/08 Heartland Financial USA, Inc. 10/31/08 First Financial Bancorp 12/8/08 Independent Bank Corp 12/5/08 Dime Community Bancshares 11/21/08 Columbia Banking System, Inc. 12/12/08 TowneBank 12/05/08 Wesbanco Bank Inc. 12/12/08 Bank Of the Ozarks Inc. 11/25/08 Green Bankshares 11/24/08 Independent Bank Corporation 12/12/08 Independent Bank Corp. 12/12/08 Virginia Commerce Bancorp 12/05/08 Southwest Bancorp, Inc. 12/19/08 Flushing Financial Corporation 12/05/08 Superior Bancorp Inc. 12/15/08 Community Trust Bancorp

EP Heidner

1

98% 98% 98% 98%

3 3 1 3

$104,800,000 98% $100,000,000 98%

1 1

$100,000,000 98%

3

$95,000,000 98%

3

$90,000,000 98% acquires ANB Financial via Pulaski Bank and Trust Company. Pulaski Bank & Trust Company of Little Rock, Arkansas received a $56,788 award for increasing its community services, as well as its consumer, single -family, multi-family, commercial real estate, and business lending activity in economically distressed areas of Little Rock. IBERIABANK Corporation

3

$87,631,000 98%

3

$84,800,000 98%

1

$83,094,000 98%

3

$81,698,000 98%

3

$80,000,000 98%

1

$78,000,000 98%

1

$77,300,000 98%

1

$76,898,000 98%

3

$76,458,000 98% $75,000,000 98%

3 3

$75,000,000 98%

3

$72,300,000 98% $72,000,000 98%

1 1

$72,000,000 98%

3

$71,000,000 98%

3

$70,000,000 98%

3

$70,000,000 98%

3

$69,000,000 98%

3

$68,000,000 99%

1

Page 8 of 14

Top 50 Bank Holding Companies: Rank

Research Notes

Source Documentation (See Notes)

Cumulative % of Total

Uses Nontransparent Offshore Holding Cos

Became Bank Holding Co. to access funding

No suggested mis-use of funds

Ongoing Lawsuits or investigations

Amount Allocated

$124,000,000 $120,000,000 $111,000,000 $104,823,000

11/12/08 Taylor Capital 12/2/08 Park National Corporation 12/05/08 Old National Bancorp 12/12/08 Pinnacle Financial Partners Inc. 12/05/08 Iberiabank Corporation

Pending acquisitions or considering acquisitions

Capital Financial Institution Injection (Listed in order of Date size of allocation)

Companies with 2008 Acquisitions

Analysis of US Bailout Fund Recipients by EP Heidner

Top 50 Bank Holding Company

Total Assets

January 19, 2009

11/21/08 Nara Bancorp, Inc.

3

12/05/08 First Financial Holdings Inc. 12/15/08 First Bancorp

$65,000,000 99%

3

$65,000,000 99%

1

12/19/08 CoBiz Financial Inc. 12/12/08 Wilshire Bancorp Inc.

$64,450,000 99% $62,158,000 99%

3 3

$59,000,000 99% $59,000,000 99% acquires Franklin Bank via Prosperity Bank, Prosperity Bank & Trust is now Union Bank & Trust. Held by UNION BANKSHARES CORPORATION $58,000,000 99%

1 3

11/21/08 Ameris Bancorp 11/21/08 Home BancShares, Inc. 12/19/08 BancTrust Financial Group, Inc. 12/19/08 Seacoast Banking Corporation of Florida 12/19/08 Fidelity Southern Corporation 12/12/08 The Bancorp Inc. 12/15/08 MetroCorp Bancshares 12/11/08 Cadence Financial Corp 12/19/08 Exchange Bank 12/05/08 Southern Community Financial Corp. 12/9/08 Sterling Bancorp 11/21/08 First Community Bankshares Inc. 12/12/08 Capital Bank Corp. 12/12/08 Cardinal Financial Corp 10/30/08 Simmons First National 11/21/08 Heritage Commerce Corp. 12/16/08 First M&F Corp

EP Heidner

1

39

Top 50 Bank Holding Company

FIRST BANCORP (2744894)

Total Assets

$19,304,440,000

1

$58,000,000 99%

3

$57,000,000 99%

1

$55,000,000 99%

3

$52,372,000 99%

3

$52,000,000 99% $50,000,000 99%

3 1

$50,000,000 99%

3

$50,000,000 99%

3

$48,200,000 99%

3

$45,220,000 99% $45,000,000 99%

3 1

$44,000,000 99%

1

$43,000,000 99% $42,750,000 99%

3 3

$42,000,000 99% $41,500,000 99%

1 3

$41,279,000 99% $41,200,000 99%

3 1

$40,000,000 99%

1

$40,000,000 99%

3

$40,000,000 99%

1

Page 9 of 14

Top 50 Bank Holding Companies: Rank

Research Notes

Source Documentation (See Notes)

Cumulative % of Total

Uses Nontransparent Offshore Holding Cos

Became Bank Holding Co. to access funding

No suggested mis-use of funds

Amount Allocated

$67,000,000 99% UCBH Holdings Inc, East West Bancorp Inc, Wilshire Bancorp Inc. and Nara Bancorp Inc. are likely to explore deals again. The executives of the Nara Bancorp and Wilshire Bancorp Inc. are open to acquisitions after having received capital. Thomas S. Wu, the president and CEO of UCBH, said: "Banks who have received capital will now be in a much better position to consider acquisitions in 2009."

12/16/08 Lakeland Bancorp 12/19/08 Union Bankshares Corporation 12/5/08 Gateway Financial Holdings 12/05/08 Great Southern Bancorp 12/17/08 MainSource Financial Group 12/12/08 Center Financial Corp. 12/12/08 NewBridge Bancorp

1

Ongoing Lawsuits or investigations

Pending acquisitions or considering acquisitions

Capital Financial Institution Injection (Listed in order of Date size of allocation)

Companies with 2008 Acquisitions

Analysis of US Bailout Fund Recipients by EP Heidner

January 19, 2009

12/19/08 Berkshire Hills Bancorp, Inc. 11/13/08 Peoples Bancorp 11/21/08 Cascade Financial Corporation 12/05/08 Eagle Bancorp, Inc. 12/19/08 Bridgeview Bancorp, Inc. 12/5/08 Financial Institutions 12/05/08 First Defiance Financial Corp. 12/05/08 TIB Financial Corp 12/05/08 State Bancorp, Inc. 12/19/08 Fidelity Financial Corporation 12/8/08 West Bancorporation 12/19/08 Marquette National Corporation 11/21/08 Porter Bancorp Inc. 12/19/08 Enterprise Financial Services Corp. 12/15/08 MidWestOne Financial Group 12/05/08 Encore Bancshares Inc. 12/16/08 Centrue Financial Corp. (TRUE) 12/5/08 MutualFirst Financial 12/8/08 BNC Bancorp 12/05/08 Bank of North Carolina 12/19/08 Hawthorn Bancshares, Inc. 12/15/08 Farmers Capital Bank Corp 12/19/08 Bancorp Rhode Island, Inc. 12/19/08 Century Bancorp Inc. (CNBKA) 12/19/08 StellarOne Corporation 12/19/08 Tennessee Commerce Bancorp, Inc. 11/20/08 Peapack-Gladstone Financial 12/05/08 Bank of Marin Bancorp 19-Dec Colony Bankcorp Inc. (CBAN) 11/21/08 Centerstate Banks of Florida Inc.

EP Heidner

$40,000,000 99%

3

$39,000,000 99% $38,970,000 99%

1 3

$38,235,000 99% $38,000,000 99%

3 3

$37,500,000 99%

1

$37,000,000 99%

3

$37,000,000 99% $36,842,000 99% $36,282,000 99%

3 3 3

$36,000,000 99%

1

$35,500,000 99%

3

$35,000,000 99% $35,000,000 99%

3 3

$34,900,000 99%

1

$34,000,000 99%

3

$32,700,000 99%

1

$32,000,000 99%

1

$31,300,000 99% $31,260,000 99%

1 3

$30,255,000 99%

3

$30,000,000 99%

1

$30,000,000 99%

3

$30,000,000 99%

2

$30,000,000 99%

3

$30,000,000 99%

3

$28,700,000 99%

1

$28,000,000 99%

3

$28,000,000 99%

2

$27,875,000 99%

3

Page 10 of 14

Top 50 Bank Holding Companies: Rank

Research Notes

Source Documentation (See Notes)

Amount Allocated

Cumulative % of Total

Uses Nontransparent Offshore Holding Cos

Became Bank Holding Co. to access funding

No suggested mis-use of funds

Ongoing Lawsuits or investigations

Pending acquisitions or considering acquisitions

Capital Financial Institution Injection (Listed in order of Date size of allocation)

Companies with 2008 Acquisitions

Analysis of US Bailout Fund Recipients by EP Heidner

Top 50 Bank Holding Company

Total Assets

January 19, 2009

MBT Financial Corp 12/19/08 Intermountain Community Bancorp

3

$26,918,000 100%

3

$26,400,000 100%

1

$26,038,000 100%

3

$25,223,000 100% $25,100,000 100%

3 1

$25,000,000 100% $25,000,000 100% $25,000,000 100%

3 1 1

12/18/08 Shore Bancshares 12/19/08 First California Financial Group, Inc 12/19/08 Horizon Bancorp 12/19/08 VIST Financial Corp.

$25,000,000 100% $25,000,000 100%

1 3

$25,000,000 100% $25,000,000 100%

3 3

12/19/09 First Bancorp Inc. (FNLC) 12/8/08 Crescent Financial Corp 11/21/08 Heritage Financial Corporation 11/25/08 Bridge Capital Holdings 12/8/08 Eastern Virginia Bankshares 11/21/08 Severn Bancorp, Inc.

$25,000,000 100%

2

$24,900,000 100%

1

$24,000,000 100%

3

$24,000,000 100%

1

$24,000,000 100%

1

$23,393,000 100%

3

$23,180,000 100%

2

$22,300,000 100%

1

$22,000,000 100%

3

12/19/08 First Citizens Banc Corp. (FCZA) 12/5/08 Hampton Roads Bankshares 12/19/08 Wainwright Bank & Trust Company 12/05/08 Blue Valley Ban Corp 12/12/08 Indiana Community Bancorp 12/19/08 AmeriServ Financial, Inc 12/05/08 Unity Bancorp, Inc. 12/12/08 Citizens South Banking Corp. 12/12/08 C&F Financial Corp 12/15/08 MidSouth Bancorp 11/21/08 First PacTrust Bancorp, Inc.

EP Heidner

$21,750,000 100%

3

$21,500,000 100%

3

$21,000,000 100%

3

$20,649,000 100% $20,500,000 100%

3 3

$20,000,000 100% $20,000,000 100% $19,300,000 100%

1 1 3

Page 11 of 14

Top 50 Bank Holding Companies: Rank

Research Notes

Source Documentation (See Notes)

Cumulative % of Total

Uses Nontransparent Offshore Holding Cos

Became Bank Holding Co. to access funding

No suggested mis-use of funds

Ongoing Lawsuits or investigations

Amount Allocated

$27,700,000 100% Acquires Main Street Bank via Monroe Bank & Trust, MBT Financial Corp $27,000,000 100%

12/19/08 Alliance Financial Corporation 12/1/08 Washington Banking Company 12/19/08 Patriot Bancshares, Inc. 12/12/08 LNB Bancorp Inc. 12/9/08 Peoples Bancorp of North Carolina 11/21/08 HF Financial Corp. 12/4/08 The First Bancorp 12/12/08 Intervest Bancshares

1

Pending acquisitions or considering acquisitions

Capital Financial Institution Injection (Listed in order of Date size of allocation)

Companies with 2008 Acquisitions

Analysis of US Bailout Fund Recipients by EP Heidner

45

Top 50 Bank Holding Company

FIRST CITIZENS BANCSHARES, INC. (1075612)

Total Assets

$16,665,605,000

January 19, 2009

12/17/08 Bar Harbor Bankshares 12/12/08 HopFed Bancorp 12/19/08 Security Federal Corporation 12/19/08 Community Bankers Trust Corporation 11/17/08 Bank of Commerce Holdings 12/17/08 Timberland Bancorp

$18,800,000 100%

1

$18,400,000 100% $18,000,000 100%

3 3

$17,680,000 100% acquires The Community Bank via Bank of Essex (Community Bankers Trust Corporation)

3

$17,000,000 100%

3

$16,600,000 100%

1

11/17/08 1st Financial Services(1st FS Corp.)

$16,369,000 100%

3

12/19/08 Pacific City Financial Corporation

$16,200,000 100%

3

1

12/12/08 Valley Financial Corp.

$16,019,000 100%

3

12/19/08 Community West Bancshares 12/19/08 Tri-County Financial Corporation 12/12/08 LSB Corp. 12/19/08 Monarch Financial Holdings, Inc. 12/19/08 Tidelands Bancshares, Inc 12/05/08 Oak Valley Bancorp

$15,600,000 100%

3

$15,540,000 100%

3

$15,000,000 100% $14,700,000 100%

3 3

$14,448,000 100%

3

$13,500,000 100%

3

12/19/08 Community Financial Corporation

$12,643,000 100%

3

12/19/08 OneUnited Bank 12/9/08 Wilber Corp 11/21/08 First Community Corporation 12/15/08 BCSB Bancorp 12/05/08 Central Bancorp, Inc.

$12,063,000 100% $12,000,000 100% $11,350,000 100%

3 3 3

$10,800,000 100% $10,000,000 100%

1 3

12/9/08 Center Bancorp Inc. (CNBC) 12/12/08 First Litchfield Financial Corp. 12/19/08 Mid Penn Bancorp, Inc. 12/19/08 NCAL Bancorp 12/05/08 Coastal Banking Company, Inc. 12/05/08 Southern Missouri Bancorp, Inc. 12/19/08 FCB Bancorp, Inc. 12/9/08 Elmira Savings Bank

$10,000,000 100%

1

EP Heidner

$10,000,000 100%

3

$10,000,000 100%

3

$10,000,000 100% $9,950,000 100%

3 3

$9,550,000 100%

3

$9,294,000 100% $9,100,000 100%

3 1

Page 12 of 14

Top 50 Bank Holding Companies: Rank

Research Notes

Source Documentation (See Notes)

Amount Allocated

Cumulative % of Total

Uses Nontransparent Offshore Holding Cos

Became Bank Holding Co. to access funding

No suggested mis-use of funds

Ongoing Lawsuits or investigations

Pending acquisitions or considering acquisitions

Capital Financial Institution Injection (Listed in order of Date size of allocation)

Companies with 2008 Acquisitions

Analysis of US Bailout Fund Recipients by EP Heidner

Top 50 Bank Holding Company

Total Assets

January 19, 2009

12/19/08 The Elmira Savings Bank, FSB 11/17/08 Broadway Financial Corp. 12/19/08 Citizens First Corporation 12/19/08 Summit State Bank 12/19/09 Annapolis Bancorp Inc. (ANNB) 12/11/08 Commonwealth Business Bank 12/19/08 FFW Corporation 12/05/08 Central Federal Corporation 12/05/08 Old Line Bancshares, Inc. 12/12/08 CNB Financial Corp 12/12/08 Fidelity Bancorp Inc.

$9,090,000 100%

3

$9,000,000 100%

3

$8,779,000 100%

3

$8,500,000 100% $8,200,000 100%

3 2

$7,700,000 100%

1

$7,289,000 100% $7,225,000 100%

3 3

$7,000,000 100%

3

$7,000,000 100% $7,000,000 100%

1 3

$6,800,000 100%

1

$6,500,000 100%

3

$6,000,000 100%

1

$6,000,000 100%

3

$5,800,000 100% $5,448,000 100%

3 3

12/3/08 Connecticut Bank and Trust Company 12/3/08 The Connecticut Bank and Trust Company

$5,400,000 100%

1

$5,400,000 100%

1

12/3/08 Commerce National Bank 12/12/08 Northeast Bancorp 12/10/08 Pacific Commerce Bank 12/16/08 Pacific Coast National Bancorp 11/6/08 Capital Pacific Bancorp 12/19/08 Santa Lucia Bancorp

$5,000,000 100%

1

$4,227,000 100% $4,100,000 100%

3 1

$4,100,000 100%

1

$4,000,000 100%

1

$4,000,000 100%

3

12/12/08 First Bankshares 12/12/08 Community 1st Bank

$3,500,000 100% $2,600,000 100%

1 1

12/19/08 Monadnock Bancorp, Inc. 12/1/08 Seacoast Commerce Bank 12/05/08 Manhattan Bancorp

$1,834,000 100%

3

$1,800,000 100%

1

$1,700,000 100%

3

12/2/08 Security California Bancorp 12/12/08 Pacific International Bancorp 11/24/08 American River Bankshares 12/19/08 Patapsco Bancorp, Inc. 12/05/08 FPB Bancorp, Inc. 12/19/08 The Connecticut Bank and Trust Company

EP Heidner

Page 13 of 14

Top 50 Bank Holding Companies: Rank

Research Notes

Source Documentation (See Notes)

Amount Allocated

Cumulative % of Total

Uses Nontransparent Offshore Holding Cos

Became Bank Holding Co. to access funding

No suggested mis-use of funds

Ongoing Lawsuits or investigations

Pending acquisitions or considering acquisitions

Capital Financial Institution Injection (Listed in order of Date size of allocation)

Companies with 2008 Acquisitions

Analysis of US Bailout Fund Recipients by EP Heidner

Top 50 Bank Holding Company

Total Assets

January 19, 2009

10/27/08 Saigon National

$1,200,000 100%

Top 50 Bank Holding Companies: Rank

Research Notes

Source Documentation (See Notes)

Amount Allocated

Cumulative % of Total

Uses Nontransparent Offshore Holding Cos

Became Bank Holding Co. to access funding

No suggested mis-use of funds

Ongoing Lawsuits or investigations

Pending acquisitions or considering acquisitions

Capital Financial Institution Injection (Listed in order of Date size of allocation)

Companies with 2008 Acquisitions

Analysis of US Bailout Fund Recipients by EP Heidner

Top 50 Bank Holding Company

Total Assets

1

Sources 1. Show Me the TARP Money, ProPublica: Journalism in the Public Interest, Dec 22, 2008 2. List Of Cos Planning To Participate In U.S. Govt's TARP12-19-08, DOW JONES NEWSWIRES 3. http://money.cnn.com/news/specials/storysupplement/bailout_scorecard/index.html# 4. http://www.ffiec.gov/nicpubweb/nicweb/Top50Form.aspx

EP Heidner

Page 14 of 14

January 19, 2009