Code of Federal Regulations (alpha)

CFR /  Title 12  /  Part 192  /  Sec. 192.370 Does the appropriate Federal banking agency limit the

(a) When you convert, your officers, directors, and their associates may not purchase, in the aggregate, more than the following percentage of your total stock offering: ------------------------------------------------------------------------

Officer and director

Institution size purchases (percent)------------------------------------------------------------------------$50,000,000 or less............................ 35$50,000,001-100,000,000........................ 34$100,000,001-150,000,000....................... 33$150,000,001-200,000,000....................... 32$200,000,001-250,000,000....................... 31$250,000,001-300,000,000....................... 30$300,000,001-350,000,000....................... 29$350,000,001-400,000,000....................... 28$400,000,001-450,000,000....................... 27$450,000,001-500,000,000....................... 26Over $500,000,000.............................. 25------------------------------------------------------------------------

(b) The purchase limitations in this section do not apply to shares held in tax-qualified employee stock benefit plans that are attributable to your officers, directors, and their associates.