PL Capital also manages private accounts with equity of $1 million or greater.

JOHN W. PALMER, Principal
Mr. Palmer is the co-founder of PL Capital, LLC, an investment firm specializing in the banking industry. PL Capital focuses on publicly traded banks and thrifts with market capitalizations ranging from $100 million to $10 billion.

Prior to co-founding PL Capital in 1996, Mr. Palmer was employed by KPMG LLP, an international public accounting firm, from 1983 to 1996. While at KPMG, Mr. Palmer specialized as an auditor and a strategic advisor to companies in the commercial banking, consumer finance, thrift, mortgage banking and discount brokerage industries, serving public and privately held clients ranging in size from $25 million to $25 billion. He has extensive involvement in merger and acquisition transactions, public and private securities offerings, and filings with the Securities and Exchange Commission (SEC) and regulatory authorities, including offerings to convert mutual thrift organizations to stock form thrifts. He has advised numerous banking organizations in strategic decisions regarding acquisition alternatives, mergers of equals and opportunities to enhance or expand existing lines of business. In 1994, Mr. Palmer was promoted to the position of Director, KPMG Financial Services - Capital Strategies Group, a national corporate finance practice providing merger and acquisition advisory services to thrifts, banks, mortgage companies and other financial services companies. In this capacity, Mr. Palmer developed expertise in financial industry mergers and acquisitions, thrift mutual to stock conversions, valuation, capital restructurings, strategic planning and asset purchases and divestitures. He has been involved in numerous mergers and acquisitions with transaction values of up to $600 million.

Mr. Palmer also instructed financial institution classes for KPMG and spoke at numerous national and regional banking industry conferences. Mr. Palmer has previously been designated as an “audit committee financial expert” due to his prior experience, understanding of generally accepted accounting principles and financial statements; the ability to assess the general application of such principles in connection with the accounting for estimates, accruals and reserves; experience preparing, auditing, analyzing and evaluating financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of issues that can reasonably be expected to be raised in financial statements of publicly traded banks and thrifts; an understanding of internal control over financial reporting; and an understanding of audit committee functions. Mr. Palmer acquired these attributes through his education and experience as a certified public accountant. Mr. Palmer has served on the audit committee of a public company (Franklin Bancorp, Inc.) where he was designated as an “audit committee financial expert.”

Mr. Palmer currently serves on the board of CFS Bancorp, Inc. which is the parent holding company of Citizens Financial Bank, a $1.2 billion asset federal savings bank which operates 23 offices throughout adjoining markets in Chicagoland and Northwest Indiana. He is a current member of CFS Bancorp’s audit committee. Mr. Palmer is the former Chairman of the Board of Directors of Security Financial Bancorp, Inc., a publicly-traded $200 million in assets thrift located in St. John, Indiana which was sold in 2003. Mr. Palmer also previously served as a director of Franklin Bancorp and its wholly owned subsidiary Franklin Bank, NA, a $700 million in assets commercial bank located in Southfield, Michigan, where he also served on the audit, compensation, and loan committees of the board. Mr. Palmer also served as Chairman of the strategic planning committee of Franklin Bancorp. He formerly served on the Board of Directors of Clever Ideas, Inc., a privately-held specialty finance company located in Chicago, Illinois from 1998 to 2006.
Mr. Palmer is a past member of the Board of Directors for the Victory Gardens Theater in Chicago, where he served as President of the Board for four years. In his capacity as President, Mr. Palmer oversaw the purchase of the Biograph Theater in Chicago and its re-development into a state of the art live performance theater. Mr. Palmer also oversaw the Capital Campaign for the renovation of the theater, which raised $11 million.

Additionally, he has served as treasurer for the River Run Club, a community swim and tennis club. He previously served as a member of the Founders Society of the Detroit Institute of Arts and as Chairman of the Professional Outreach Program at the art institute and is a past member of the Membership Committee of the Board of Trustees. He is the past secretary and treasurer of the Intermediate’s Council for the Detroit Athletic Club. Additionally, he has served as Chairman of the Walsh College Fundraising Drive.

Mr. Palmer obtained his Bachelor of Accounting Degree from Walsh College in 1983. He formerly practiced as a Certified Public Accountant in Michigan and Illinois and is currently a member of the American Institute of Certified Public Accountants and the Illinois CPA Society. Mr. Palmer is 51, and resides in Naperville, Illinois.

RICHARD J. LASHLEY Principal, PL Capital
Upon joining KPMG in 1984, Mr. Lashley developed a specialization providing professional accounting and consulting services to numerous thrifts, banks and mortgage companies. In 1991, he was selected to be the Assistant to the National Industry Director of KPMG’s National Banking and Finance practice. In 1993, Mr. Lashley was promoted to the position of Director, KPMG Financial Services - Capital Strategies Group, a national practice providing merger and acquisition advisory services to thrifts, banks, mortgage companies and other financial services companies. In this capacity, Mr. Lashley developed expertise in financial industry M & A, thrift mutual to stock conversions, valuation, capital restructurings, strategic planning and asset purchases and divestitures. Since 1992, Mr. Lashley and Mr. Palmer have served as financial advisors in bank mergers with over $1.0 billion in transaction value. Mr. Lashley resigned from KPMG in early 1996 in order to focus on the formation of PL Capital, LLC.

Mr. Lashley has served as the Assistant to the Chairman of the American Institute of Certified Public Accountants (AICPA) Savings Institutions Committee in Washington, D.C. and as a member of the AICPA Ad Hoc Committee on FDICIA. He has extensive experience working with the Office of Thrift Supervision, Federal Deposit Insurance Corporation, Securities and Exchange Commission and other regulatory agencies on a national and regional level. Mr. Lashley has spoken on banking industry mergers and related topics at numerous national and regional industry conferences and seminars sponsored by groups such as the Financial Managers Society, AICPA, Savings and Community Bankers Association, Bank Administration Institute and other banking industry groups.

Mr. Lashley is currently a member of the Board of Directors of:

• State Bancorp, Inc., a publicly-traded $1.7 billion in assets bank holding company located in Long Island, New York and New York City

• Community FSB Holding Co., a $65 million in assets thrift holding company located in Queens, NY

Mr. Lashley was formerly a member of the Board of Directors of:

• Haven Bancorp, Inc., a publicly-traded $3.0 billion in assets thrift holding company located in Queens, New York and the Advisory Board of New York Community Bancorp, the acquirer of Haven Bancorp

• Security Financial Bancorp, Inc., a publicly-traded $200 million in assets thrift holding company located in St. John, Indiana

• Franklin Bancorp, Inc. and its wholly-owned subsidiary Franklin Bank, NA, a $600 million in assets commercial bank located in Detroit, MI

• Central Bancorp, Inc., a $500 million in assets thrift holding company in Somerville, MA, and its wholly owned bank subsidiary, Central Co-Operative Bank

• Clever Ideas, Inc., a privately-held specialty finance company located in Chicago, Illinois (on the Advisory Board)

Mr. Lashley qualifies as a “financial expert,” as that term is defined by the Sarbanes Oxley Act for members of audit committees of boards of directors of publicly-held companies.

Mr. Lashley received a Bachelor of Science Degree in Business Administration from Oswego State University in 1980 and an MBA degree in Accounting from Rutgers University in 1984. Mr. Lashley placed in the top 10% of his class at both Oswego State and Rutgers.

Mr. Lashley is a Certified Public Accountant (CPA) in New Jersey (status inactive). He is the former Chairman of the Oswego College School of Business Capital Campaign and a member of the Rutgers University Business School Finance Advisory Board.

Mr. Lashley is married, has two children and lives in New Jersey.