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 Goldman-
Sachs, 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 1991-
1992. 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

 Analysis of US Bailout Fund Recipients by EP Heidner

Became Bank Holding Co. to

Source Documentation (See

Cumulative % of Total
No suggested mis-use of
considering acquisitions
Pending acquisitions or

Offshore Holding Cos

Companies with 2008

Uses Nontransparent
Ongoing Lawsuits or

Top 50 Bank Holding

Capital Financial Institution

Companies: Rank
Injection (Listed in order of Amount Allocated Research Notes Top 50 Bank Holding Company Total Assets

access funding
investigations
Date size of allocation)

Acquisitions

Notes)
funds
Totals 25 14 5 24 6 9 $254,476,198,000 $9,558,945,255,000
10/14/08 Citigroup 1 1 $45,000,000,000 18% $277Billion: "Citigroup and the government identified a pool of about $306 billion in 1,2,5 2 CITIGROUP INC. (1951350) $2,050,131,000,000
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

11/10/08 AIG 1 1 1 $40,000,000,000 33% 18 Subsidiaries in Jurisdictions Listed as Tax Havens or Financial Privacy Jurisdictions 1,5

10/14/08 Bank of America (incl. 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 1,5 3 BANK OF AMERICA $1,836,452,425,000
Merrill Lynch) America Buys Firm (Update1), Zachary R. Mider,Bloomberg, January 1, 2009, "Merrill CORPORATION (1073757)
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

10/28/08 JPMorgan Chase & 1 1 $25,000,000,000 53% JPMorgan Chase acquired Bear Stearns this spring in a fire sale brokered by the federal 3,5 1 JPMORGAN CHASE & CO. $2,251,469,000,000
Co. government. 50 Subsidiaries in Jurisdictions Listed as Tax Havens or Financial Privacy (1039502)
Jurisdictions
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 5&4 WELLS FARGO & COMPANY $1,382,919,000,000
MERCEDPublished: October 9, 2008 (1120754) WACHOVIA
Federal antitrust regulators on Friday approved the acquisition of the troubled bank, the CORPORATION (1073551)
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

10/28/08 Goldman Sachs 1 1 1 $10,000,000,000 67% Popular Completes Sale of Loan and Servicing Assets of U.S. Mortgage Subsidiary,...SAN 3,5
Group Inc. 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

10/28/08 Morgan Stanley 1 1 1 $10,000,000,000 71% Morgan Stanley amassing $10 billion property fund, Real Estate Investment 3,5
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=4FE5E1F5-6DC6-4D34-
AEC2-0635F9A09675&copyid=B9E56A42-6ED7-4EB0-8B9A-88BE8C315D82&lmcid=;
273 Subsidiaries in Jurisdictions Listed as Tax Havens or Financial Privacy Jurisdictions

10/24/08 & PNC Financial 1 1 $8,003,000,000 74% Acquires National City Bank ; April 4, 2008 /PRNewswire-FirstCall/ -- The PNC Financial 1 14 & 16 PNC FINANCIAL SERVICES
12/05/08 Services Services Group, Inc. (NYSE: PNC) announced today that it has completed its acquisition of GROUP, INC., THE (1069778) &
Sterling Financial Corporation. Shares of Sterling will no longer be listed on the NASDAQ NATIONAL CITY CORPORATION
stock exchange. Sterling received $303,000,000 12/05. Not identified by AOG as having (1069125)
subsidiaries in Jurisdictions Listed as Tax Havens or Financial Privacy Jurisdictions, but
Riggs had several, and was acquired by PNC during the survey.

EP Heidner Page 2 of 14 January 19, 2009

 Analysis of US Bailout Fund Recipients by EP Heidner

Became Bank Holding Co. to

Source Documentation (See

Cumulative % of Total
No suggested mis-use of
considering acquisitions
Pending acquisitions or

Offshore Holding Cos

Companies with 2008

Uses Nontransparent
Ongoing Lawsuits or

Top 50 Bank Holding

Capital Financial Institution

Companies: Rank
Injection (Listed in order of Amount Allocated Research Notes Top 50 Bank Holding Company Total Assets

access funding
investigations
Date size of allocation)

Acquisitions

Notes)
funds
11/17/08 U.S. Bancorp 1 $6,599,000,000 76% Acquires 2 banks (Downey Savings and Loan Association and PFF Bank and Trust) via 3 10 U.S. BANCORP (1119794)
U.S. Bank, National Association
12/30/08 GMAC Financial 1 1 1 $5,000,000,000 78% Participation: GMAC applied to become a bank holding company and participate in TARP, 5 51% owned by Chrysler's parent
Services conditional upon becoming a bank holding company. Cereberus acquisitons managed company Cerberus Capital
through Cerberus Acquisition L.P. a Cayman Islands exempted limited partnership; On Management and 49% by GM
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

11/17/08 Capital One Financial 1 $3,555,199,000 80% NEW YORK Dec. 4, 2008--Standard & Poor's Ratings Services said today that its ratings 3 13 CAPITAL ONE FINANCIAL $154,803,113,000
Corp. on Capital One Financial Corp. (Capital One; BBB+/Stable/--) are not affected by the CORPORATION (2277860)
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.

11/17/08 Regions Financial 1 $3,500,000,000 81% acquires Integrity Bank 3 15 REGIONS FINANCIAL $144,294,958,000
Corp. CORPORATION (3242838)
11/17/08 SunTrust Banks Inc. 1 $3,500,000,000 83% acquires First Priority Bank ; Chief Executive James M. Wells said he anticipated the 3 11 SUNTRUST BANKS, INC. $174,776,760,000
"prudent deployment" of capital in areas such as the expansion of "careful lending" and (1131787)
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

10/27/08 Fifth Third Bancorp 1 $3,450,000,000 84% acquires Freedom Bank 19 FIFTH THIRD BANCORP $116,294,077,000
(1070345)
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 3 17 BB&T CORPORATION (1074156) $137,040,900,000
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.
10/28/08 Bank of New York 1 $3,000,000,000 86% The Bank of New York Mellon Acquires All Shares of JPMorgan Trust Bank Limited in 3 9 BANK OF NEW YORK MELLON $267,636,000,000
Mellon Corp. Japan, PR Newswire, Oct 8, 2008 Transaction Strengthens The Bank of New York CORPORATION, THE (3587146)
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.

11/17/08 KeyCorp 1 $2,500,000,000 87% Jan. 2, 2008 /PRNewswire-FirstCall/ -- KeyCorp (NYSE: KEY)completed its acquisition of 3 20 KEYCORP (1068025) $101,494,797,000
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.
12/29/08 CIT Group 1 1 $2,333,000,000 88%

EP Heidner Page 3 of 14 January 19, 2009

 Analysis of US Bailout Fund Recipients by EP Heidner

Became Bank Holding Co. to

Source Documentation (See

Cumulative % of Total
No suggested mis-use of
considering acquisitions
Pending acquisitions or

Offshore Holding Cos

Companies with 2008

Uses Nontransparent
Ongoing Lawsuits or

Top 50 Bank Holding

Capital Financial Institution

Companies: Rank
Injection (Listed in order of Amount Allocated Research Notes Top 50 Bank Holding Company Total Assets

access funding
investigations
Date size of allocation)

Acquisitions

Notes)
funds
11/17/08 Comerica Inc. 1 $2,250,000,000 89% New Comerica Bank Offices in Southern California Continue Banking Center Expansion in 3 24 COMERICA INCORPORATED $65,710,366,000
Long Beach, Los Angeles and San DiegoDecember 30, 2008 2:23 PM (1199844)
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

10/28/08 State Street Corp. 1 $2,000,000,000 90% At just 1% of the $2 trillion under management, the subprime problems at State Street may 3 8 STATE STREET CORPORATION $286,712,268,000
not be as life-threatening as those for bigger banks. $618 million to cover legal costs and a (1111435)
possible settlement of investor lawsuits against its Global Advisors investment arm.

11/17/08 Marshall & Ilsley 1 $1,715,000,000 91% Marshall & Ilsley Corporation Completes Acquisition of a Majority Interest in Taplin, Canida 3 26 MARSHALL & ILSLEY $63,517,959,000
Corp. & Habacht, Inc.December 3, 2008 4:30 PM ET CORPORATION (3594612)
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 Wisconsin-
based 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.

11/17/08 Northern Trust Corp. 1 $1,576,000,000 91% Northern Trust said its capital levels remain considerably above the minimum “well 3 21 NORTHERN TRUST $79,243,977,000
capitalized” levels set by banking regulators.But, in response to an analyst question during CORPORATION (1199611)
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

11/17/08 Zions Bancorporation 1 $1,400,000,000 92% acquires Silver State Bank via Nevada State Bank (not a Fed reserve Bank)Subsidiary of 3 30 ZIONS BANCORPORATION $54,042,757,000
Zions Bancorporation - (1027004)
11/17/08 Huntington 1 $1,398,071,000 92% "Huntington on Nov. 16 warned investors it had a $1.5 billion exposure to the nation's 3 29 HUNTINGTON BANCSHARES $54,669,893,000
Bancshares subprime mortgage mess through the inherited relationship and was preparing to set aside INCORPORATED (1068191)
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

EP Heidner Page 4 of 14 January 19, 2009

 Analysis of US Bailout Fund Recipients by EP Heidner

Became Bank Holding Co. to

Source Documentation (See

Cumulative % of Total
No suggested mis-use of
considering acquisitions
Pending acquisitions or

Offshore Holding Cos

Companies with 2008

Uses Nontransparent
Ongoing Lawsuits or

Top 50 Bank Holding

Capital Financial Institution

Companies: Rank
Injection (Listed in order of Amount Allocated Research Notes Top 50 Bank Holding Company Total Assets

access funding
investigations
Date size of allocation)

Acquisitions

Notes)
funds
12/19/08 Synovus Financial 1 $967,870,000 93% Keefe, Bruyette and Woods Upgrades Synovus Financial (SNV) to Market Perform on 3 32 SYNOVUS FINANCIAL CORP. $34,339,141,000
Corp. Valuation (1078846)
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

12/05/08 Popular, Inc. 1 $935,000,000 93% see Goldman Sachs 3 31 POPULAR, INC. (1129382) $40,390,000,000

11/17/08 First Horizon National 1 $866,540,000 93% As for First Horizon, the firm plans to use some of the new capital to bulk up First 3 33 FIRST HORIZON NATIONAL $32,805,263,000
Corp. Tennessee, including new branches, added lending and making "targeted" acquisitions, CORPORATION (1094640)
Miller said." Federal aid to First Horizon National Corp. likely in 30-45 days,David Flaum
(Contact), Memphis Commercial Appeal, October 28, 2008
11/20/08 M&T Bank 1 $600,000,000 94% In December 2008, M&T Bank announced its intention to purchase Baltimore based 1 25 M&T BANK CORPORATION $65,247,215,000
Corporation Provident Bank, in a deal which is expected to close in mid-2009. (1037003)
(Manufacturers and http://en.wikipedia.org/wiki/M&T_Bank#cite_note-0
Traders Trust
Company)
12/31/08 New York Community 1 $596,000,000 94% "we routinely evaluate opportunities to expand through acquisition and frequently conduct 34 NEW YORK COMMUNITY
Bancorp, Inc due diligence activities in connection with such opportunities. As a result, acquisition BANCORP, INC. (2132932)
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

12/2/08 Colonial BancGroup, 1 $550,000,000 94% nothing in the works 1 36 COLONIAL BANCGROUP, INC., $26,262,575,000
Inc. THE (1080465)
11/21/08 Associated Banc- 1 $525,000,000 94% nothing in the works 3 37 ASSOCIATED BANC-CORP $22,488,541,000
Corp (1199563)
11/21/08 City National 1 $400,000,000 94% nothing in the works 3 47 CITY NATIONAL CORPORATION $16,335,088,000
Corporation (1027518)
11/21/08 Webster Financial 1 $400,000,000 95% So Webster Bank caught lots of local ink Friday for its Nov. 13 announcement of “a 90-day 3 40 WEBSTER FINANCIAL $17,523,422,000
Corporation moratorium on home foreclosures for Webster-owned mortgages and the expansion of CORPORATION (1145476)
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

12/10/08 Astoria Financial 1 1 $375,000,000 95% nothing in the works 1

Corp
12/10/08 Fulton Financial 1 $375,000,000 95% nothing in the works 1 48 FULTON FINANCIAL $16,136,145,000
Corp. (FULT) CORPORATION (1117129)
11/17/08 TCF Financial Corp. 1 $361,172,000 95% nothing in the works 3 46 TCF FINANCIAL CORPORATION $16,541,975,000
(2389941)
12/05/08 South Financial 1 $347,000,000 95% nothing in the works 3 49 SOUTH FINANCIAL GROUP, $13,696,595,000
Group, Inc. INC., THE (1141599)
12/12/08 Wilmington Trust 1 $330,000,000 95% completed the all-cash acquisition of UBS Fiduciary Trust Company 3
Corp.

EP Heidner Page 5 of 14 January 19, 2009

 Analysis of US Bailout Fund Recipients by EP Heidner

Became Bank Holding Co. to

Source Documentation (See

Cumulative % of Total
No suggested mis-use of
considering acquisitions
Pending acquisitions or

Offshore Holding Cos

Companies with 2008

Uses Nontransparent
Ongoing Lawsuits or

Top 50 Bank Holding

Capital Financial Institution

Companies: Rank
Injection (Listed in order of Amount Allocated Research Notes Top 50 Bank Holding Company Total Assets

access funding
investigations
Date size of allocation)

Acquisitions

Notes)
funds
12/05/08 East West Bancorp 1 1 $306,546,000 95% PASADENA, Calif., March 17 /PRNewswire-FirstCall/ -- East West Bancorp, Inc. (Nasdaq: 3
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 $0 95% acquired by PNC...PITTSBURGH, April 4, 2008 /PRNewswire-FirstCall/ -- The PNC 3
Corporation (see Financial
PNC) 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.
11/17/08 Valley National 1 $300,000,000 96% On July 1, 2008, Valley completed the acquisition of Greater Community Bancorp ("Greater 3
Bancorp 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.
12/12/08 Citizens Republic 1 $300,000,000 96% nothing in the works 3
Bancorp Inc.
12/12/08 Susquehanna 1 $300,000,000 96% May 2008 LITITZ, Pa. -- Susquehanna Bancshares, Inc. (Nasdaq:SUSQ), a regional 3
Bancshares Inc. financial services holding company, has completed the acquisition of Stratton Holding
Company, an investment management company with approximately $3 billion in assets
under management
12/19/08 Whitney Holding 1 $300,000,000 96% NEW ORLEANS, Nov 7, 2008 (GlobeNewswire via COMTEX News Network) -- Whitney 3
Corporation 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.

11/17/08 UCBH Holdings Inc. 1 $298,737,000 96% UCBH Holdings Inc, East West Bancorp Inc, Wilshire Bancorp Inc. and Nara Bancorp Inc. 3
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 Cathay General 1 $258,000,000 96% nothing in the works 3
Bancorp
12/19/08 Wintrust Financial 1 $250,000,000 96% nothing in the works 3
Corporation
11/13/08 FirstMerit Corp 1 $248,000,000 96% Akron bank FirstMerit Corp. reported share prices that closed higher for the calendar year 1
just ended.
12/12/08 SVB Financial Group 1 $235,000,000 96% our credit quality remains strong. Thanks to our minimal exposure to the mortgage market 3
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 1 $216,000,000 96% nothing in the works 1

Bancshares
Corporation
11/21/08 Trustmark 1 $215,000,000 97% nothing in the works 3
Corporation

EP Heidner Page 6 of 14 January 19, 2009

 Analysis of US Bailout Fund Recipients by EP Heidner

Became Bank Holding Co. to

Source Documentation (See

Cumulative % of Total
No suggested mis-use of
considering acquisitions
Pending acquisitions or

Offshore Holding Cos

Companies with 2008

Uses Nontransparent
Ongoing Lawsuits or

Top 50 Bank Holding

Capital Financial Institution

Companies: Rank
Injection (Listed in order of Amount Allocated Research Notes Top 50 Bank Holding Company Total Assets

access funding
investigations
Date size of allocation)

Acquisitions

Notes)
funds
11/17/08 Umpqua Holdings 1 $214,181,000 97% "The financial services industry is struggling as a result of the housing market downturn 3
Corp. 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

11/17/08 Washington Federal 1 $200,000,000 97% nothing in the works 3

Inc.
12/3/08 United Bankshares 1 $197,000,000 97% nothing in the works 1
12/05/08 MB Financial Inc. 1 $196,000,000 97% "We have maintained our disciplined investment management philosophy. We have not 3
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.

12/05/08 First Midwest 1 $193,000,000 97% nothing in the works 3

Bancorp, Inc.
11/21/08 First Niagara 1 $184,011,000 97% On February 15, 2008, the Company completed the acquisition of Great Lakes Bancorp, 3
Financial Group Inc., the parent company of Greater Buffalo Savings Bank
11/21/08 Pacific Capital 1 $180,634,000 97% nothing in the works 3
Bancorp
12/05/08 United Community 1 $180,000,000 97% nothing in the works 3
Banks, Inc.
11/21/08 Boston Private 1 $154,000,000 97% Boston Private Financial Holdings Inc intends to look at acquisition opportunities. D. 3
Financial Holdings, Dawson, interim CEO of the company said: "We have raised enough new capital to ensure
Inc. 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.

11/17/08 Provident 1 $151,500,000 97% nothing in the works 3

Bancshares Corp.
12/12/08 National Penn 1 $150,000,000 97% Jan. 4, 2008 /PRNewswire-FirstCall/ -- National Penn Bancshares,Inc. (Nasdaq: NPBC) 3
Bancshares Inc. 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,

11/21/08 Western Alliance 1 $140,000,000 97% "We also expect to take advantage of the U.S. Treasury Department’s recently announced 3
Bancorporation 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

12/9/08 Central Pacific $135,000,000 97% 1

Financial Corp
12/05/08 CVB Financial Corp $130,000,000 98% 3
12/12/08 Sterling Bancshares $125,198,000 98% 3
Inc.

EP Heidner Page 7 of 14 January 19, 2009

 Analysis of US Bailout Fund Recipients by EP Heidner

Became Bank Holding Co. to

Source Documentation (See

Cumulative % of Total
No suggested mis-use of
considering acquisitions
Pending acquisitions or

Offshore Holding Cos

Companies with 2008

Uses Nontransparent
Ongoing Lawsuits or

Top 50 Bank Holding

Capital Financial Institution

Companies: Rank
Injection (Listed in order of Amount Allocated Research Notes Top 50 Bank Holding Company Total Assets

access funding
investigations
Date size of allocation)

Acquisitions

Notes)
funds
11/21/08 Banner Corporation $124,000,000 98% 3
12/12/08 Signature Bank $120,000,000 98% 3
12/8/08 1st Source Corp $111,000,000 98% 1
11/21/08 Taylor Capital Group $104,823,000 98% 3

11/12/08 Taylor Capital $104,800,000 98% 1

12/2/08 Park National $100,000,000 98% 1
Corporation
12/05/08 Old National Bancorp $100,000,000 98% 3

12/12/08 Pinnacle Financial $95,000,000 98% 3

Partners Inc.
12/05/08 Iberiabank 1 $90,000,000 98% acquires ANB Financial via Pulaski Bank and Trust Company. Pulaski Bank & Trust 3
Corporation 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
12/19/08 Plains Capital $87,631,000 98% 3
Corporation
11/7/08 Midwest Banc $84,800,000 98% 1
Holdings
12/05/08 Sandy Spring $83,094,000 98% 3
Bancorp, Inc.
12/19/08 Heartland Financial $81,698,000 98% 3
USA, Inc.
10/31/08 First Financial $80,000,000 98% 1
Bancorp
12/8/08 Independent Bank $78,000,000 98% 1
Corp
12/5/08 Dime Community $77,300,000 98% 1
Bancshares
11/21/08 Columbia Banking $76,898,000 98% 3
System, Inc.
12/12/08 TowneBank $76,458,000 98% 3
12/05/08 Wesbanco Bank Inc. $75,000,000 98% 3

12/12/08 Bank Of the Ozarks $75,000,000 98% 3

Inc.
11/25/08 Green Bankshares $72,300,000 98% 1
11/24/08 Independent Bank $72,000,000 98% 1
Corporation
12/12/08 Independent Bank $72,000,000 98% 3
Corp.
12/12/08 Virginia Commerce $71,000,000 98% 3
Bancorp
12/05/08 Southwest Bancorp, $70,000,000 98% 3
Inc.
12/19/08 Flushing Financial $70,000,000 98% 3
Corporation
12/05/08 Superior Bancorp Inc. $69,000,000 98% 3

12/15/08 Community Trust $68,000,000 99% 1

Bancorp

EP Heidner Page 8 of 14 January 19, 2009

 Analysis of US Bailout Fund Recipients by EP Heidner

Became Bank Holding Co. to

Source Documentation (See

Cumulative % of Total
No suggested mis-use of
considering acquisitions
Pending acquisitions or

Offshore Holding Cos

Companies with 2008

Uses Nontransparent
Ongoing Lawsuits or

Top 50 Bank Holding

Capital Financial Institution

Companies: Rank
Injection (Listed in order of Amount Allocated Research Notes Top 50 Bank Holding Company Total Assets

access funding
investigations
Date size of allocation)

Acquisitions

Notes)
funds
11/21/08 Nara Bancorp, Inc. 1 $67,000,000 99% UCBH Holdings Inc, East West Bancorp Inc, Wilshire Bancorp Inc. and Nara Bancorp Inc. 3
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 First Financial $65,000,000 99% 3
Holdings Inc.
12/15/08 First Bancorp $65,000,000 99% 1 39 FIRST BANCORP (2744894) $19,304,440,000

12/19/08 CoBiz Financial Inc. $64,450,000 99% 3

12/12/08 Wilshire Bancorp Inc. $62,158,000 99% 3

12/16/08 Lakeland Bancorp $59,000,000 99% 1

12/19/08 Union Bankshares 1 $59,000,000 99% acquires Franklin Bank via Prosperity Bank, Prosperity Bank & Trust is now Union Bank & 3
Corporation Trust. Held by UNION BANKSHARES CORPORATION
12/5/08 Gateway Financial $58,000,000 99% 1
Holdings
12/05/08 Great Southern $58,000,000 99% 3
Bancorp
12/17/08 MainSource Financial $57,000,000 99% 1
Group
12/12/08 Center Financial $55,000,000 99% 3
Corp.
12/12/08 NewBridge Bancorp $52,372,000 99% 3

11/21/08 Ameris Bancorp $52,000,000 99% 3

11/21/08 Home BancShares, $50,000,000 99% 1
Inc.
12/19/08 BancTrust Financial $50,000,000 99% 3
Group, Inc.
12/19/08 Seacoast Banking $50,000,000 99% 3
Corporation of Florida

12/19/08 Fidelity Southern $48,200,000 99% 3

Corporation
12/12/08 The Bancorp Inc. $45,220,000 99% 3
12/15/08 MetroCorp $45,000,000 99% 1
Bancshares
12/11/08 Cadence Financial $44,000,000 99% 1
Corp
12/19/08 Exchange Bank $43,000,000 99% 3
12/05/08 Southern Community $42,750,000 99% 3
Financial Corp.

12/9/08 Sterling Bancorp $42,000,000 99% 1

11/21/08 First Community $41,500,000 99% 3
Bankshares Inc.
12/12/08 Capital Bank Corp. $41,279,000 99% 3
12/12/08 Cardinal Financial $41,200,000 99% 1
Corp
10/30/08 Simmons First $40,000,000 99% 1
National
11/21/08 Heritage Commerce $40,000,000 99% 3
Corp.
12/16/08 First M&F Corp $40,000,000 99% 1

EP Heidner Page 9 of 14 January 19, 2009

 Analysis of US Bailout Fund Recipients by EP Heidner

Became Bank Holding Co. to

Source Documentation (See

Cumulative % of Total
No suggested mis-use of
considering acquisitions
Pending acquisitions or

Offshore Holding Cos

Companies with 2008

Uses Nontransparent
Ongoing Lawsuits or

Top 50 Bank Holding

Capital Financial Institution

Companies: Rank
Injection (Listed in order of Amount Allocated Research Notes Top 50 Bank Holding Company Total Assets

access funding
investigations
Date size of allocation)

Acquisitions

Notes)
funds
12/19/08 Berkshire Hills $40,000,000 99% 3
Bancorp, Inc.
11/13/08 Peoples Bancorp $39,000,000 99% 1
11/21/08 Cascade Financial $38,970,000 99% 3
Corporation
12/05/08 Eagle Bancorp, Inc. $38,235,000 99% 3
12/19/08 Bridgeview Bancorp, $38,000,000 99% 3
Inc.
12/5/08 Financial Institutions $37,500,000 99% 1

12/05/08 First Defiance $37,000,000 99% 3

Financial Corp.
12/05/08 TIB Financial Corp $37,000,000 99% 3
12/05/08 State Bancorp, Inc. $36,842,000 99% 3
12/19/08 Fidelity Financial $36,282,000 99% 3
Corporation
12/8/08 West Bancorporation $36,000,000 99% 1

12/19/08 Marquette National $35,500,000 99% 3

Corporation
11/21/08 Porter Bancorp Inc. $35,000,000 99% 3
12/19/08 Enterprise Financial $35,000,000 99% 3
Services Corp.
12/15/08 MidWestOne $34,900,000 99% 1
Financial Group
12/05/08 Encore Bancshares $34,000,000 99% 3
Inc.
12/16/08 Centrue Financial $32,700,000 99% 1
Corp. (TRUE)
12/5/08 MutualFirst Financial $32,000,000 99% 1

12/8/08 BNC Bancorp $31,300,000 99% 1

12/05/08 Bank of North $31,260,000 99% 3
Carolina
12/19/08 Hawthorn $30,255,000 99% 3
Bancshares, Inc.
12/15/08 Farmers Capital Bank $30,000,000 99% 1
Corp
12/19/08 Bancorp Rhode $30,000,000 99% 3
Island, Inc.
12/19/08 Century Bancorp Inc. $30,000,000 99% 2
(CNBKA)
12/19/08 StellarOne $30,000,000 99% 3
Corporation
12/19/08 Tennessee $30,000,000 99% 3
Commerce Bancorp,
Inc.
11/20/08 Peapack-Gladstone $28,700,000 99% 1
Financial
12/05/08 Bank of Marin $28,000,000 99% 3
Bancorp
19-Dec Colony Bankcorp Inc. $28,000,000 99% 2
(CBAN)
11/21/08 Centerstate Banks of $27,875,000 99% 3
Florida Inc.

EP Heidner Page 10 of 14 January 19, 2009

 Analysis of US Bailout Fund Recipients by EP Heidner

Became Bank Holding Co. to

Source Documentation (See

Cumulative % of Total
No suggested mis-use of
considering acquisitions
Pending acquisitions or

Offshore Holding Cos

Companies with 2008

Uses Nontransparent
Ongoing Lawsuits or

Top 50 Bank Holding

Capital Financial Institution

Companies: Rank
Injection (Listed in order of Amount Allocated Research Notes Top 50 Bank Holding Company Total Assets

access funding
investigations
Date size of allocation)

Acquisitions

Notes)
funds
MBT Financial Corp 1 $27,700,000 100% Acquires Main Street Bank via Monroe Bank & Trust, MBT Financial Corp
12/19/08 Intermountain $27,000,000 100% 3
Community Bancorp

12/19/08 Alliance Financial $26,918,000 100% 3

Corporation
12/1/08 Washington Banking $26,400,000 100% 1
Company
12/19/08 Patriot Bancshares, $26,038,000 100% 3
Inc.
12/12/08 LNB Bancorp Inc. $25,223,000 100% 3
12/9/08 Peoples Bancorp of $25,100,000 100% 1
North Carolina
11/21/08 HF Financial Corp. $25,000,000 100% 3
12/4/08 The First Bancorp $25,000,000 100% 1
12/12/08 Intervest Bancshares $25,000,000 100% 1

12/18/08 Shore Bancshares $25,000,000 100% 1

12/19/08 First California $25,000,000 100% 3
Financial Group, Inc
12/19/08 Horizon Bancorp $25,000,000 100% 3
12/19/08 VIST Financial Corp. $25,000,000 100% 3

12/19/09 First Bancorp Inc. $25,000,000 100% 2

(FNLC)
12/8/08 Crescent Financial $24,900,000 100% 1
Corp
11/21/08 Heritage Financial $24,000,000 100% 3
Corporation
11/25/08 Bridge Capital $24,000,000 100% 1
Holdings
12/8/08 Eastern Virginia $24,000,000 100% 1
Bankshares
11/21/08 Severn Bancorp, Inc. $23,393,000 100% 3

12/19/08 First Citizens Banc $23,180,000 100% 2 45 FIRST CITIZENS BANCSHARES, $16,665,605,000
Corp. (FCZA) INC. (1075612)
12/5/08 Hampton Roads $22,300,000 100% 1
Bankshares
12/19/08 Wainwright Bank & $22,000,000 100% 3
Trust Company
12/05/08 Blue Valley Ban Corp $21,750,000 100% 3

12/12/08 Indiana Community $21,500,000 100% 3

Bancorp
12/19/08 AmeriServ Financial, $21,000,000 100% 3
Inc
12/05/08 Unity Bancorp, Inc. $20,649,000 100% 3
12/12/08 Citizens South $20,500,000 100% 3
Banking Corp.
12/12/08 C&F Financial Corp $20,000,000 100% 1
12/15/08 MidSouth Bancorp $20,000,000 100% 1
11/21/08 First PacTrust $19,300,000 100% 3
Bancorp, Inc.

EP Heidner Page 11 of 14 January 19, 2009

 Analysis of US Bailout Fund Recipients by EP Heidner

Became Bank Holding Co. to

Source Documentation (See

Cumulative % of Total
No suggested mis-use of
considering acquisitions
Pending acquisitions or

Offshore Holding Cos

Companies with 2008

Uses Nontransparent
Ongoing Lawsuits or

Top 50 Bank Holding

Capital Financial Institution

Companies: Rank
Injection (Listed in order of Amount Allocated Research Notes Top 50 Bank Holding Company Total Assets

access funding
investigations
Date size of allocation)

Acquisitions

Notes)
funds
12/17/08 Bar Harbor $18,800,000 100% 1
Bankshares
12/12/08 HopFed Bancorp $18,400,000 100% 3
12/19/08 Security Federal $18,000,000 100% 3
Corporation
12/19/08 Community Bankers 1 $17,680,000 100% acquires The Community Bank via Bank of Essex (Community Bankers Trust Corporation) 3
Trust Corporation
11/17/08 Bank of Commerce $17,000,000 100% 3
Holdings
12/17/08 Timberland Bancorp $16,600,000 100% 1

11/17/08 1st Financial $16,369,000 100% 3

Services(1st FS
Corp.)
12/19/08 Pacific City Financial $16,200,000 100% 3
Corporation

12/12/08 Valley Financial Corp. $16,019,000 100% 3

12/19/08 Community West $15,600,000 100% 3

Bancshares
12/19/08 Tri-County Financial $15,540,000 100% 3
Corporation
12/12/08 LSB Corp. $15,000,000 100% 3
12/19/08 Monarch Financial $14,700,000 100% 3
Holdings, Inc.
12/19/08 Tidelands $14,448,000 100% 3
Bancshares, Inc
12/05/08 Oak Valley Bancorp $13,500,000 100% 3

12/19/08 Community Financial $12,643,000 100% 3

Corporation

12/19/08 OneUnited Bank $12,063,000 100% 3

12/9/08 Wilber Corp $12,000,000 100% 3
11/21/08 First Community $11,350,000 100% 3
Corporation
12/15/08 BCSB Bancorp $10,800,000 100% 1
12/05/08 Central Bancorp, Inc. $10,000,000 100% 3

12/9/08 Center Bancorp Inc. $10,000,000 100% 1

(CNBC)
12/12/08 First Litchfield $10,000,000 100% 3
Financial Corp.
12/19/08 Mid Penn Bancorp, $10,000,000 100% 3
Inc.
12/19/08 NCAL Bancorp $10,000,000 100% 3
12/05/08 Coastal Banking $9,950,000 100% 3
Company, Inc.
12/05/08 Southern Missouri $9,550,000 100% 3
Bancorp, Inc.
12/19/08 FCB Bancorp, Inc. $9,294,000 100% 3
12/9/08 Elmira Savings Bank $9,100,000 100% 1

EP Heidner Page 12 of 14 January 19, 2009

 Analysis of US Bailout Fund Recipients by EP Heidner

Became Bank Holding Co. to

Source Documentation (See

Cumulative % of Total
No suggested mis-use of
considering acquisitions
Pending acquisitions or

Offshore Holding Cos

Companies with 2008

Uses Nontransparent
Ongoing Lawsuits or

Top 50 Bank Holding

Capital Financial Institution

Companies: Rank
Injection (Listed in order of Amount Allocated Research Notes Top 50 Bank Holding Company Total Assets

access funding
investigations
Date size of allocation)

Acquisitions

Notes)
funds
12/19/08 The Elmira Savings $9,090,000 100% 3
Bank, FSB
11/17/08 Broadway Financial $9,000,000 100% 3
Corp.
12/19/08 Citizens First $8,779,000 100% 3
Corporation
12/19/08 Summit State Bank $8,500,000 100% 3
12/19/09 Annapolis Bancorp $8,200,000 100% 2
Inc. (ANNB)
12/11/08 Commonwealth $7,700,000 100% 1
Business Bank
12/19/08 FFW Corporation $7,289,000 100% 3
12/05/08 Central Federal $7,225,000 100% 3
Corporation
12/05/08 Old Line Bancshares, $7,000,000 100% 3
Inc.
12/12/08 CNB Financial Corp $7,000,000 100% 1
12/12/08 Fidelity Bancorp Inc. $7,000,000 100% 3

12/2/08 Security California $6,800,000 100% 1

Bancorp
12/12/08 Pacific International $6,500,000 100% 3
Bancorp
11/24/08 American River $6,000,000 100% 1
Bankshares
12/19/08 Patapsco Bancorp, $6,000,000 100% 3
Inc.
12/05/08 FPB Bancorp, Inc. $5,800,000 100% 3
12/19/08 The Connecticut $5,448,000 100% 3
Bank and Trust
Company
12/3/08 Connecticut Bank $5,400,000 100% 1
and Trust Company
12/3/08 The Connecticut $5,400,000 100% 1
Bank and Trust
Company
12/3/08 Commerce National $5,000,000 100% 1
Bank
12/12/08 Northeast Bancorp $4,227,000 100% 3
12/10/08 Pacific Commerce $4,100,000 100% 1
Bank
12/16/08 Pacific Coast $4,100,000 100% 1
National Bancorp
11/6/08 Capital Pacific $4,000,000 100% 1
Bancorp
12/19/08 Santa Lucia Bancorp $4,000,000 100% 3

12/12/08 First Bankshares $3,500,000 100% 1

12/12/08 Community 1st Bank $2,600,000 100% 1

12/19/08 Monadnock Bancorp, $1,834,000 100% 3

Inc.
12/1/08 Seacoast Commerce $1,800,000 100% 1
Bank
12/05/08 Manhattan Bancorp $1,700,000 100% 3

EP Heidner Page 13 of 14 January 19, 2009

 Analysis of US Bailout Fund Recipients by EP Heidner

Became Bank Holding Co. to

Source Documentation (See

Cumulative % of Total
No suggested mis-use of
considering acquisitions
Pending acquisitions or

Offshore Holding Cos

Companies with 2008

Uses Nontransparent
Ongoing Lawsuits or

Top 50 Bank Holding

Capital Financial Institution

Companies: Rank
Injection (Listed in order of Amount Allocated Research Notes Top 50 Bank Holding Company Total Assets

access funding
investigations
Date size of allocation)

Acquisitions

Notes)
funds
10/27/08 Saigon National $1,200,000 100% 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