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<SEC-DOCUMENT>0000950149-05-000431.txt : 20050615
<SEC-HEADER>0000950149-05-000431.hdr.sgml : 20050614
<ACCEPTANCE-DATETIME>20050615152654
ACCESSION NUMBER:		0000950149-05-000431
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		7
CONFORMED PERIOD OF REPORT:	20050613
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20050615
DATE AS OF CHANGE:		20050615

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANCWEST CORP/HI
		CENTRAL INDEX KEY:			0000036377
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				990156159
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14585
		FILM NUMBER:		05897478

	BUSINESS ADDRESS:	
		STREET 1:		999 BISHOP ST
		CITY:			HONOLULU
		STATE:			HI
		ZIP:			96813
		BUSINESS PHONE:		808-525-7000

	MAIL ADDRESS:	
		STREET 1:		1132 BISHOP STREET
		CITY:			HONOLULU
		STATE:			HI
		ZIP:			96813

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST HAWAIIAN INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f10037e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e8vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>








<P align="center" style="font-size: 14pt"><B>UNITED STATES</B>

<P align="center" style="font-size: 14pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>


<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</B>



<P align="center" style="font-size: 10pt"><B>Date of Report: June&nbsp;13, 2005</B><BR>
(Date of earliest event reported)


<P align="center" style="font-size: 24pt"><B>BANCWEST CORPORATION</B>


<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 0px solid #000000"><B>Delaware</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 0px solid #000000"><B>0-7949</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 0px solid #000000"><B>99-0156159</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction<BR>
of incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer<BR>
Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>999 Bishop Street, Honolulu, Hawaii</B><BR>
(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>96813</B><BR>
(Zip Code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><B>Registrant&#146;s telephone number, including area code: (808)&nbsp;525-7000</B>


<P align="left" style="font-size: 10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):



<P align="left" style="font-size: 10pt"><FONT style="font-family: Wingdings 2">&#163;</FONT> Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)



<P align="left" style="font-size: 10pt"><FONT style="font-family: Wingdings 2">&#163;</FONT> Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)



<P align="left" style="font-size: 10pt"><FONT style="font-family: Wingdings 2">&#163;</FONT> Pre-commencement communication pursuant to rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))



<P align="left" style="font-size: 10pt"><FONT style="font-family: Wingdings 2">&#163;</FONT> Pre-commencement communication pursuant to rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))



<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P><HR noshade><P>

<DIV style="font-family: 'Times New Roman',Times,serif">












<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
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	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">Item&nbsp;1.01 Entry into a Material Definitive Agreement</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">Item&nbsp;9.01 Financial Statements and Exhibits</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002"> SIGNATURE</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003"> EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="f10037exv2w1.htm">EXHIBIT 2.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="f10037exv99w1.htm">EXHIBIT 99.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="f10037exv99w2.htm">EXHIBIT 99.2</A></TD></TR>
</TABLE>
</CENTER>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>




<!-- link1 "Item&nbsp;1.01 Entry into a Material Definitive Agreement" -->
<DIV align="left"><A NAME="000"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;1.01 Entry into a Material Definitive Agreement</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On June&nbsp;13, 2005, BancWest Corporation, a Delaware corporation (&#147;BancWest&#148;), and Commercial Federal
Corporation (&#147;Commercial Federal&#148;) issued a joint press release announcing that Bank of the West, a
California state banking corporation and a subsidiary of BancWest, and Bear Merger Co., Inc., a
Nebraska corporation and a wholly owned subsidiary of Bank of the West, entered into an Agreement
and Plan of Merger, dated as of June&nbsp;13, 2005. Under the terms of the merger agreement, Commercial
Federal will be acquired by and merged into Bank of the West. Subject to the terms and conditions
of the merger agreement, each outstanding share of Commercial Federal common stock will be
converted into the right to receive $34.00 in cash and Commercial Federal may declare and pay a
special one-time cash dividend of $0.50 per share prior to the completion of the merger. The
merger is subject to customary closing conditions, including approval of the Commercial Federal
shareholders and federal and state banking regulators.


<P align="left" style="font-size: 10pt">Copies of the merger agreement and press releases are attached hereto as Exhibits 2.1, 99.1 and
99.2, respectively and are incorporated by reference herein.

<!-- link1 "Item&nbsp;9.01 Financial Statements and Exhibits" -->
<DIV align="left"><A NAME="001"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits</B>



<P align="left" style="font-size: 10pt">(c)&nbsp;Exhibits.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following exhibits are filed herewith:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="80%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description of Exhibit</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Agreement and Plan of Merger dated as of June&nbsp;13, 2005 among Bank of
the West, Bear Merger Co., Inc., and Commercial Federal Corporation.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release dated June&nbsp;13, 2005 announcing acquisition of Commercial
Federal Corporation.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release issued by BNP Paribas dated June&nbsp;14, 2005 announcing
acquisition of Commercial Federal Corporation.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">- 2 -
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link1 " SIGNATURE" -->
<DIV align="left"><A NAME="002"></A></DIV>

<P align="center" style="font-size: 10pt"><B>SIGNATURE</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dated: June&nbsp;15, 2005

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>BANCWEST CORPORATION</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ DOUGLAS C. GRIGSBY</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade color="#000000"></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Douglas C. Grigsby<BR>
Executive Vice President, Chief<BR>
Financial Officer and Treasurer</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">- 3 -
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link1 " EXHIBIT INDEX" -->
<DIV align="left"><A NAME="003"></A></DIV>

<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="80%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Exhibit</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">

<TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;&nbsp;2.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Agreement and Plan of Merger dated as of June&nbsp;13, 2005 among Bank of the
West, Bear Merger Co., Inc., and Commercial Federal Corporation.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release dated June&nbsp;13, 2005 announcing acquisition of Commercial
Federal Corporation.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release issued by BNP Paribas dated June&nbsp;14, 2005 announcing
acquisition of Commercial Federal Corporation.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">- 4 -
</DIV>


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<DOCUMENT>
<TYPE>EX-2.1
<SEQUENCE>2
<FILENAME>f10037exv2w1.htm
<DESCRIPTION>EXHIBIT 2.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv2w1</TITLE>
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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="right" style="font-size: 10pt"><B><U>EXHIBIT 2.1</U></B>



<P align="center" style="font-size: 10pt"><B>AGREEMENT AND PLAN OF MERGER</B>



<P align="center" style="font-size: 10pt"><B>DATED AS OF JUNE 13, 2005</B>



<P align="center" style="font-size: 10pt"><B>AMONG</B>



<P align="center" style="font-size: 10pt"><B>BANK OF THE WEST,</B>



<P align="center" style="font-size: 10pt"><B>BEAR MERGER CO., INC.,</B>



<P align="center" style="font-size: 10pt"><B>AND</B>



<P align="center" style="font-size: 10pt"><B>COMMERCIAL FEDERAL CORPORATION</B>




<P align="center" style="font-size: 10pt">
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="center" style="font-size: 10pt"><U><B>TABLE OF CONTENTS</B></U>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="90%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Page</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 1. DEFINITIONS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 2. TERMS OF MERGER</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2.1. Effect of Merger and Surviving Corporation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2.2. Stock of Company</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2.3. Company Stock Options</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2.4. Effect on Merger Sub Stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2.5. Exchange Procedures</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2.6. Adjustments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2.7. Directors of Surviving Corporation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2.8. Executive Officers of Surviving Corporation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2.9. No Further Ownership Rights in Stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2.10. Absence of Control</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2.11. Articles of Incorporation and Bylaws</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 3. THE CLOSING</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">3.1. Closing and Closing Date</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">3.2. Articles of Merger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">3.3. Further Assurances</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 4. REPRESENTATIONS AND WARRANTIES OF COMPANY</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.1. Incorporation, Standing and Power</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.2. Capitalization</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.3. Subsidiaries</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.4. Financial Statements</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.5. Reports and Filings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.6. Authority of Company and Bank</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.7. Insurance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.8. Personal Property</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.9. Real Estate</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.10. Litigation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.11. Taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.12. Compliance with Charter Provisions and Laws and Regulations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.13. Employees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.14. Brokers, Finders and Financial Advisors</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.15. Scheduled Contracts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.16. Performance of Obligations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.17. Certain Material Changes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.18. Licenses and Permits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.19. Undisclosed Liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.20. Employee Benefit Plans</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.21. Corporate Records</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.22. Accounting Records</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">- i -
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="90%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Page</B></TD>
    <TD>&nbsp;</TD>
</TR>

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<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.23. Offices and ATMs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.24. Agreements with Regulators</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.25. Vote Required</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.26 Power of Attorney</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.27. Facts Affecting Regulatory Approvals</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.28. Indemnification</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.29. Regulatory Capitalization</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.30. Derivative Transactions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.31. Trust Powers</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.32. Disclosure Documents and Applications</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.33. Intellectual Property</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.34. State Takeover Laws; Company Rights Plan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.35. Registration Obligation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.36. Opinions of Merrill Lynch &#038; Co., Inc. and Sandler O&#146;Neill &#038; Partners, L.P.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.37. Loans; Investments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.38. Allowance for Loan Losses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.39. Compliance with Servicing Obligations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.40. Fiduciary Responsibilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.41. Controls and Procedures</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.42. CRA, Anti-Money Laundering, OFAC and Customer Information Security</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">4.43. Investment Management and Related Activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 5. REPRESENTATIONS AND WARRANTIES OF PARENT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">5.1. Incorporation, Standing and Power</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">5.2. Authority</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">5.3. Parent Stockholder Consent</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">5.4. Financing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">5.5. Litigation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">5.6. Compliance with Laws and Regulations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">5.7. BNP Paribas&#146; Status as FHC</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">5.8. Agreements with Regulators</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">5.9. Brokers and Finders</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">5.10. Facts Affecting Regulatory Approvals</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">5.11. CRA</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">5.12. Accuracy of Information Furnished for Company Proxy
Statement and Other Filings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">39</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">5.13. Investment in Company Shares</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">39</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 6. COVENANTS OF COMPANY PENDING EFFECTIVE TIME OF THE MERGER</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">39</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">6.1. Limitation on Conduct Prior to Effective Time of the Merger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">39</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">6.2. Affirmative Conduct Prior to Effective Time of the Merger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">43</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">6.3. Access to Information</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">6.4. Filings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">6.5. Notices; Reports</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45</TD>
    <TD>&nbsp;</TD>
</TR>
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    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:45px; text-indent:-15px">6.6. Company Stockholders&#146; Meeting</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">6.7. No Solicitation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">6.8. Applications</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">6.9. Subsequent Mergers</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">6.10. Takeover Statute</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 7. COVENANTS OF PARENT AND MERGER SUB</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">7.1. Limitation on Conduct Prior to Effective Time of the Merger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">7.2. Applications</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">7.3. Notices; Reports</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">51</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">7.4. Indemnification and Directors&#146; and Officers&#146; Insurance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">51</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">7.5. Limitation on Parent Conduct Prior to Effective Time of the Merger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 8. ADDITIONAL COVENANTS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">8.1. Commercially Reasonable Efforts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">8.2. Public Announcements</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 9. CONDITIONS PRECEDENT TO THE MERGER</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">9.1. Stockholder Approval</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">9.2. No Judgments or Orders</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">9.3. Regulatory Approvals</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 10. CONDITIONS PRECEDENT TO THE OBLIGATIONS OF COMPANY</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">10.1. Representations and Warranties; Performance of Covenants</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">10.2. Officers&#146; Certificate</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 11. CONDITIONS PRECEDENT TO OBLIGATIONS OF PARENT AND MERGER SUB</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">11.1. Representations and Warranties; Performance of Covenants</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">11.2. Authorization of Merger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">11.3. Officers&#146; Certificate</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">11.4. Employee Benefit Plans</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 12. EMPLOYEE BENEFITS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">12.1. Employee Benefits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">12.2. Company Stock Options, Company Awards and the Company Stock
Option Plans</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">57</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 13. TERMINATION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">13.1. Termination</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">13.2. Effect of Termination</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">61</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 14. MISCELLANEOUS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">63</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">14.1. Expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">63</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">14.2. Notices</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">63</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">14.3. Assignment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">64</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">14.4. Counterparts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">64</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">- iii -
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="90%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Page</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">14.5. Effect of Representations and Warranties</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">64</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">14.6. Third Parties</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">64</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">14.7. Lists; Exhibits; Integration</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">64</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">14.8. Knowledge</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">14.9. Governing Law</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">14.10. Captions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">14.11. Severability</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">14.12. Waiver and Modification; Amendment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">14.13. Enforcement; Jurisdiction</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">14.14. Waiver of Jury Trial</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">66</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">14.15. Attorneys&#146; Fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">66</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">EXHIBIT A &#150; Form of Articles of Merger<BR>
EXHIBIT B <FONT style="font-family: Symbol">&#045;</FONT> Form of Agreement of Merger<BR>
EXHIBIT C <FONT style="font-family: Symbol">&#045;</FONT> Restated Articles of Incorporation of the Surviving Corporation


<P align="center" style="font-size: 10pt">- iv -
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="center" style="font-size: 10pt"><U>AGREEMENT AND PLAN OF MERGER</U>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS AGREEMENT AND PLAN OF MERGER (&#147;<U>Agreement</U>&#148;) is made and entered into as of the
13th day of June, 2005, by and among BANK OF THE WEST, a California state banking corporation
(&#147;<U>Parent</U>&#148;), BEAR MERGER CO., INC., a Nebraska corporation and a wholly-owned subsidiary of
Parent (&#147;<U>Merger Sub</U>&#148;) and COMMERCIAL FEDERAL CORPORATION, a Nebraska corporation
(&#147;<U>Company</U>&#148;).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Boards of Directors of each of Parent, Merger Sub and Company deem advisable and
in the best interests of their respective stockholders (a)&nbsp;the merger of Merger Sub with and into
Company (the &#147;<U>Merger</U>&#148;) upon the terms and conditions set forth herein and in the Articles
of Merger in substantially the form of Exhibit&nbsp;A hereto to be entered into hereafter (the
&#147;<U>Articles of Merger</U>&#148;) and in accordance with the Nebraska Business Corporation Act (the
&#147;<U>NBCA</U>&#148;) (Company, following the effectiveness of the Merger, being hereinafter sometimes
referred to as the &#147;<U>Surviving Corporation</U>&#148;) and (b)&nbsp;following, and subject to the
consummation of the Merger, the merger of the Surviving Corporation into Parent and immediately
thereafter the merger of Company&#146;s wholly-owned subsidiary, Commercial Federal Bank, a federal
savings bank (&#147;Bank&#148;) into Parent, upon the terms and conditions set forth in an Agreement of
Merger in substantially the form of Exhibit&nbsp;B hereto (the &#147;<U>Merger Agreement</U>&#148;), to be
entered into hereafter and in accordance with the NBCA, the California General Corporation Law (the
&#147;<U>CGCL</U>&#148;), the California Financial Code (the &#147;<U>CFC</U>&#148;); and the laws of the United
States, in the case of each such laws, to the extent applicable, with Parent being the surviving
corporation in each such merger (such mergers being hereinafter sometimes collectively referred to
as the &#147;<U>Subsequent Mergers</U>&#148;).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Boards of Directors of Parent, Merger Sub and Company have approved this
Agreement and the Merger pursuant to which Merger Sub will merge with and into Company and each
outstanding share of Company common stock, par value $.01 per share (&#147;<U>Company Stock</U>&#148;), will
be converted into the right to receive the Merger Consideration (as defined in Section&nbsp;2.2(b)) upon
the terms and subject to the conditions set forth herein.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW, THEREFORE, on the basis of the foregoing recitals and in consideration of the respective
covenants, agreements, representations and warranties contained herein, the parties hereto agree as
follows:


<P align="center" style="font-size: 10pt">ARTICLE 1.



<P align="center" style="font-size: 10pt"><U>DEFINITIONS</U>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as otherwise expressly provided for in this Agreement, or unless the context otherwise
requires, as used throughout this Agreement the following terms shall have the respective meanings
specified below:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Affiliate</U>&#148; of, or a Person &#147;<U>Affiliated</U>&#148; with, a specific Person(s) is a
Person that directly or indirectly, through one or more intermediaries, controls, or is controlled
by, or is under common control with, the Person(s) specified.


<P align="center" style="font-size: 10pt">- 1 -
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Affiliated Group</U>&#148; means, with respect to any entity, a group of entities required or
permitted to file consolidated, combined or unitary Tax Returns (as defined herein) including such
entity.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Articles of Merger</U>&#148; has the meaning set forth in the first recital of this Agreement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>ATMs</U>&#148; has the meaning set forth in Section&nbsp;4.23.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Average Net Income</U>&#148; has the meaning set forth in Section&nbsp;6.1(b).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Bank</U>&#148; has the meaning set forth in the first recital of this Agreement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Bank Merger Act</U>&#148; means 12 U.S.C. &#167; 1828(c).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Bank Secrecy Act</U>&#148; means the Federal Bank Secrecy Act, as amended, and its
implementing regulations.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>BancWest</U>&#148; means BancWest Corporation, a Delaware corporation and the parent of
Parent.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Benefit Arrangements</U>&#148; has the meaning set forth in Section&nbsp;4.20(b).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>BHC Act</U>&#148; means the Bank Holding Company Act of 1956, as amended.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>BNP Paribas</U>&#148; means BNP Paribas, a soci&#233;t&#233; anonyme (limited liability banking
corporation) organized under the laws of the Republic of France.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Bonus Plans</U>&#148; has the meaning set forth in Section&nbsp;12.2(e).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Book Entry Shares</U>&#148; has the meaning set forth in Section&nbsp;2.5(b).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Business Day</U>&#148; means any day other than a Saturday, Sunday or other day on which banks
in San Francisco, California and Omaha, Nebraska, are required or authorized by Law to be closed.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Certificates</U>&#148; has the meaning set forth in Section&nbsp;2.5(b).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>CFC</U>&#148; has the meaning set forth in the first recital to this Agreement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>CGCL</U>&#148; has the meaning set forth in the first recital to this Agreement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Change in Company Recommendation</U>&#148; has the meaning set forth in Section&nbsp;6.6(a).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Closing</U>&#148; has the meaning set forth in Section&nbsp;3.1.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Closing Date</U>&#148; has the meaning set forth in Section&nbsp;3.1.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Code</U>&#148; means the Internal Revenue Code of 1986, as amended.


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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company 401(k) Plan</U>&#148; means the Company&#146;s Retirement Savings Plan and 401(k) Plan for
Acquired Companies, as amended.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company Award</U>&#148; has the meaning set forth in Section&nbsp;12.2(b).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company Disclosure Letter</U>&#148; means that letter designated as such which has been
delivered by Company to Parent concurrently with the execution and delivery of this Agreement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company Governmental Filings</U>&#148; has the meaning set forth in Section&nbsp;4.5(b).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company Intellectual Property</U>&#148; has the meaning set forth in Section&nbsp;4.33.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company List</U>&#148; means any list required to be furnished by Company to Parent herewith.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company Offices List</U>&#148; has the meaning set forth in Section&nbsp;4.23.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company Option List</U>&#148; has the meaning set forth in Section&nbsp;4.2(a).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company Property</U>&#148; has the meaning set forth in Section&nbsp;4.12(b).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company Recommendation</U>&#148; has the meaning set forth in Section&nbsp;6.6(a).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company SEC Documents</U>&#148; has the meaning set forth in Section&nbsp;4.5(a).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company Stock</U>&#148; has the meaning set forth in the second recital of this Agreement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company Stock Option</U>&#148; means any option granted pursuant to the Company Stock Option
Plans.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company Stock Option Plans</U>&#148; means, collectively, Company&#146;s 2002 Stock Option and
Incentive Plan, Company&#146;s 1996 Stock Option and Incentive Plan As Amended, the Bank Stock Option &#038;
Restricted Stock Deferral Plan, the First Colorado Bancorp, Inc. 1996 Stock Option Plan, the Mid
Continent Bancshares, Inc. 1994 Stock Option Plan, the Railroad Financial Corporation 1994 Stock
Option and Incentive Plan and Company&#146;s 1984 Stock Option and Incentive Plan.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company Stockholder Approval</U>&#148; has the meaning set forth in Section&nbsp;6.6.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company Stockholders&#146; Meeting</U>&#148; means the meeting of Company&#146;s stockholders provided
for in Section&nbsp;6.6.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company Subsidiaries</U>&#148; means, collectively, the entities identified in Section&nbsp;4.1 of
the Company Disclosure Letter.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company Supplied Information</U>&#148; has the meaning set forth in Section&nbsp;4.32.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company&#146;s Current Premium</U>&#148; has the meaning set forth in Section&nbsp;7.4(b).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Competing Transaction</U>&#148; has the meaning set forth in Section&nbsp;6.7.


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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Confidentiality Agreement</U>&#148; means that certain Confidentiality Agreement dated June&nbsp;2,
2005 by and between Parent and Company.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Covered Parties</U>&#148; has the meaning set forth in Section&nbsp;4.28.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>CRA</U>&#148; has the meaning set forth in Section&nbsp;4.42.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Deferred Compensation Plan</U>&#148; has the meaning set forth in Section&nbsp;12.1(d).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Derivative Transactions</U>&#148; has the meaning set forth in Section&nbsp;4.30.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>DFI</U>&#148; means the Department of Financial Institutions of the State of California.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>DPC Shares</U>&#148; means shares of Company Stock held by Company or Parent or any of their
respective Subsidiaries in respect of a debt previously contracted.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>D&#038;T</U>&#148; means Deloitte &#038; Touche LLP, Company&#146;s independent public accountants.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Effective Time of the Merger</U>&#148; means the date and time at which the Articles of Merger
are filed with the Secretary of State of the State of Nebraska, or at such time thereafter as
shall be agreed to by the parties and specified in the Articles of Merger.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Employee Plans</U>&#148; has the meaning set forth in Section&nbsp;4.20(a).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Encumbrance</U>&#148; shall mean any option, pledge, security interest, lien, charge,
encumbrance or restriction (whether on voting or disposition or otherwise), whether imposed by
agreement, understanding, Law or otherwise.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Environmental Regulations</U>&#148; has the meaning set forth in Section&nbsp;4.12(b).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>ERISA</U>&#148; means the Employee Retirement Income Security Act of 1974, as amended.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Exchange Act</U>&#148; means the Securities Exchange Act of 1934, as amended.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Exchange Agent</U>&#148; means Wells Fargo Shareowner Services.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Exchange Fund</U>&#148; has the meaning set forth in Section&nbsp;2.5(a).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Expenses</U>&#148; has the meaning set forth in Section&nbsp;14.1.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Fannie Mae</U>&#148; has the meaning set forth in Section&nbsp;4.37.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>FDIC</U>&#148; means the Federal Deposit Insurance Corporation.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>FHLB</U>&#148; has the meaning set forth in Section&nbsp;4.1.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Financial Statements of Bank</U>&#148; means the consolidated reports of condition and income
of Bank as of December&nbsp;31, 2002, 2003 and 2004, and as of March&nbsp;31, 2005, as filed with the OTS.


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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Financial Statements of Company</U>&#148; means the consolidated financial statements of
Company consisting of (a)&nbsp;the consolidated statements of financial condition as of December&nbsp;31,
2002, 2003 and 2004, the related consolidated statements of income, comprehensive income,
stockholders&#146; equity and cash flows for the years then ended and the related notes thereto and
related opinions of D&#038;T thereon for the years then ended and (b)&nbsp;the unaudited condensed
consolidated statement of financial condition as of March&nbsp;31, 2005 and the related condensed
consolidated statements of income, comprehensive income, stockholders&#146; equity and cash flows for
the quarter then ended and the related notes thereto.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>FRB</U>&#148; means the Board of Governors of the Federal Reserve System.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Freddie Mac</U>&#148; has the meaning set forth in Section&nbsp;4.37.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>GAAP</U>&#148; means United States generally accepted accounting principles consistently
applied during the periods involved.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Ginnie Mae</U>&#148; has the meaning set forth in Section&nbsp;4.37.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Governmental Entity</U>&#148; means any court, tribunal or judicial or arbitral body in any
jurisdiction or any United States federal, state, municipal or local or any foreign or other
governmental, regulatory or administrative authority, agency or instrumentality or any
self-regulatory organization.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Hazardous Materials</U>&#148; has the meaning set forth in Section&nbsp;4.12(b).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>HMDA</U>&#148; has the meaning set forth in Section&nbsp;4.42.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>HOLA</U>&#148; means the Home Owners Loan Act, as amended.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>HUD</U>&#148; has the meaning set forth in Section&nbsp;4.37.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Indemnified Liabilities</U>&#148; has the meaning set forth in Section&nbsp;7.4(a).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Indemnified Parties</U>&#148; has the meaning set forth in Section&nbsp;7.4(a).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Instructions</U>&#148; means the Instructions for preparation of consolidated reports of
condition and income, issued by the Federal Financial Institutions Examination Council.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Investment Security</U>&#148; means any equity security or debt security as defined in
Statement of Financial Accounting Standards No.&nbsp;115.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>IRS</U>&#148; means the Internal Revenue Service.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Law</U>&#148; means any and all statutes, laws, ordinances, rules, regulations, orders,
permits, judgments, injunctions, decrees, case law and other rules of law enacted, promulgated or
issued by any Governmental Entity.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Loan</U>&#148; has the meaning set forth in Section&nbsp;4.37.


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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Management Incentive Plan</U>&#148; has the meaning set forth in Section&nbsp;12.2(e).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Material Adverse Effect</U>&#148; means any circumstance, change in or effect (1)&nbsp;that is
materially adverse to the financial condition, business, or results of operations of Company and
the Company Subsidiaries, taken as a whole, or (2)&nbsp;that materially impairs the ability of Company
to consummate the transactions contemplated hereby; <U>provided</U>, <U>however</U>, that in
determining whether a Material Adverse Effect has occurred there shall be excluded the effect of:
(i)&nbsp;any change in banking and similar Laws of general applicability or interpretations thereof by
Governmental Entities, (ii)&nbsp;any change in GAAP or regulatory accounting requirements applicable to
banks, savings associations or their holding companies generally, (iii)&nbsp;any general social,
political, economic, environmental or natural condition, change, effect, event or occurrence,
including changes in prevailing interest rates, currency exchange rates or general economic or
market conditions, except for any condition, change, effect, event or occurrence which would have a
material adverse effect on Company and the Company Subsidiaries taken as a whole which is
substantially disproportionate relative to the effect on comparable financial institutions, (iv)
the public announcement of the transactions contemplated by this Agreement and any action or
omission by Company or any Company Subsidiary pursuant to the terms of this Agreement or taken with
the prior written consent of the other party in contemplation of the transactions contemplated
hereby, and (v)&nbsp;any expenses incurred in connection with this Agreement or the transactions
contemplated hereby.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Merrill Lynch Agreement</U>&#148; means the letter agreement dated May&nbsp;18, 2005, between
Company and Merrill Lynch &#038; Co., Inc.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Merger</U>&#148; has the meaning set forth in the first recital of this Agreement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Merger Agreement</U>&#148; has the meaning set forth in the first recital of this Agreement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Merger Consideration</U>&#148; has the meaning set forth in Section&nbsp;2.2(b).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>NBCA</U>&#148; has the meaning set forth in the first recital of this Agreement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>New Plans</U>&#148; has the meaning set forth in Section&nbsp;12.1(c).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>OTS</U>&#148; means the Office of Thrift Supervision.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Parent Supplied Information</U>&#148; has the meaning set forth in Section&nbsp;5.12.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Patriot Act</U>&#148; means the USA PATRIOT ACT of 2001 and the regulations promulgated
thereunder.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Payroll Conversion Date</U>&#148; means the date that the payroll system for the Company and
Company Subsidiaries is converted to Parent&#146;s payroll system.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Person</U>&#148; means any individual, corporation, association, partnership, limited
liability company, trust, joint venture, other entity, unincorporated organization, government or
governmental department or agency.


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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Proxy Statement</U>&#148; means the Proxy Statement, together with any supplements thereto,
that is used to solicit proxies for the Company Stockholders&#146; Meeting in connection with the
Merger.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>PTO</U>&#148; has the meaning set forth in Section&nbsp;12.1(c).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>PwC</U>&#148; means PricewaterhouseCoopers LLP, Parent&#146;s independent public accountants.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Representatives</U>&#148; has the meaning set forth in Section&nbsp;6.7.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>SAIF</U>&#148; has the meaning set forth in Section&nbsp;4.1,


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Sandler O&#146;Neill Agreement</U>&#148; means the letter agreement dated June&nbsp;2, 2005, between
Company and Sandler, O&#146;Neill &#038; Partners, L.P.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Sarbanes-Oxley Act</U>&#148; has the meaning set forth in Section&nbsp;4.41.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Scheduled Contract</U>&#148; has the meaning set forth in Section&nbsp;4.15.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>SEC</U>&#148; means the Securities and Exchange Commission.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Securities Act</U>&#148; means the Securities Act of 1933, as amended.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Special Dividend</U>&#148; has the meaning set forth in Section&nbsp;6.1(b).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Special Retention Bonus</U>&#148; has the meaning set forth in Section&nbsp;6.1(f).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Subsequent Mergers</U>&#148; has the meaning set forth in the first recital of this Agreement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Subsidiary</U>&#148; of a Person means any corporation, partnership, limited liability company
or other business entity of which more than 50% of the voting power is owned or controlled by such
Person.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Superior Proposal</U>&#148; has the meaning set forth in Section&nbsp;6.7.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Surviving Corporation</U>&#148; has the meaning set forth in the first recital of this
Agreement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Takeover Statute</U>&#148; has the meaning set forth in Section&nbsp;4.34(a).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Tank</U>&#148; has the meaning set forth in Section&nbsp;4.12(b).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Tax</U>&#148; or &#147;<U>Taxes</U>&#148; means (i)&nbsp;any and all federal, state, local or foreign taxes,
imposts, levies or other like assessments, including, without limitation, all net income, gross
receipts, capital, sales, use, ad valorem, value added, transfer, franchise, profits, inventory,
capital stock, license, withholding, payroll, employment, social security, unemployment, excise,
severance, stamp, occupation, property, corporation and estimated taxes, custom duties and other
taxes of any kind whatsoever; (ii)&nbsp;all interest, penalties, fines, additions to tax or additional
amounts imposed by any taxing authority in connection with any item described in clause (i); and
(iii)&nbsp;any transferee liability in respect of any items described in clauses (i)&nbsp;and/or (ii).


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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Tax Returns</U>&#148; means all returns, declarations, reports, estimates, information
returns, statements, elections, disclosures and schedules required to be filed with any taxing
authority in respect of any Taxes (including any attachments thereto or amendments thereof).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Termination Fee</U>&#148; has the meaning set forth in Section&nbsp;13.2(b).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Trust Account Shares</U>&#148; means shares of Company Stock held, directly or indirectly, in
trust accounts, managed accounts and the like or otherwise held in a fiduciary or nominee capacity
that are beneficially owned by third parties.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>VA</U>&#148; has the meaning set forth in Section&nbsp;4.37.


<P align="center" style="font-size: 10pt">ARTICLE 2.



<P align="center" style="font-size: 10pt"><U>TERMS OF MERGER</U>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1. <U>Effect of Merger and Surviving Corporation</U>. At the Effective Time of the Merger,
Merger Sub will be merged with and into Company pursuant to the terms, conditions and provisions of
this Agreement and the Articles of Merger and in accordance with the applicable provisions of the
NBCA, and the separate corporate existence of Merger Sub shall cease. The Merger will have the
effects set forth in the NBCA.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2. <U>Stock of Company</U>. Subject to Section&nbsp;2.6, each share of Company Stock issued and
outstanding immediately prior to the Effective Time of the Merger shall, without any further action
on the part of Company or the holders of such shares, be treated on the basis set forth in this
Section&nbsp;2.2.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Cancellation of Treasury Shares</U>. All shares of Company Stock that are
owned by Company as treasury stock and all shares of Company Stock that are owned directly
or indirectly by Company or Parent (other than Trust Account Shares and DPC Shares) shall be
cancelled and retired and shall cease to exist, and no Merger Consideration shall be
delivered in exchange therefor.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Conversion of Company Stock</U>. At the Effective Time of the Merger, each
issued and outstanding share of Company Stock (other than shares to be cancelled in
accordance with Section&nbsp;2.2(a)) shall be automatically canceled and cease to be an issued
and outstanding share of Company Stock and be converted into the right to receive per share
consideration (the &#147;<U>Merger Consideration</U>&#148;) in cash in the amount of $34.00.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3. <U>Company Stock Options</U>. Each Company Stock Option outstanding as of the Effective
Time of the Merger shall be treated in accordance with Section&nbsp;12.2.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4. <U>Effect on Merger Sub Stock</U>. At the Effective Time of the Merger, each issued and
outstanding share of capital stock of Merger Sub shall be converted into and become one fully paid
and nonassessable share of common stock of the Surviving Corporation.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5. <U>Exchange Procedures</U>.


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<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) At the Effective Time of the Merger, Parent shall deposit with the Exchange Agent
for the benefit of the holders of shares of Company Stock outstanding immediately prior to
the Effective Time of the Merger, for exchange in accordance with this Section&nbsp;2.5 through
the Exchange Agent, cash in the amount of the aggregate Merger Consideration payable to such
holders of Company Stock pursuant to Section&nbsp;2.2 in exchange for their shares of Company
Stock (collectively, the &#147;<U>Exchange Fund</U>&#148;).



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Parent shall direct the Exchange Agent to mail, promptly after the Effective Time
of the Merger, to each holder of record of shares of Company Stock which are represented by
(x)&nbsp;a certificate or certificates which immediately prior to the Effective Time of the
Merger represented outstanding shares of Company Stock (the &#147;<U>Certificates</U>&#148;) or (y)
an entry to that effect in the shareholder records maintained on behalf of Company by
Company&#146;s stock transfer agent (the &#147;<U>Book Entry Shares</U>&#148;), whose shares were
converted into the right to receive the Merger Consideration pursuant to Section&nbsp;2.2 hereof,
(i)&nbsp;a letter of transmittal (which shall specify that delivery shall be effected, and risk
of loss and title to the Certificates (if any) shall pass, only upon delivery of the
Certificates to the Exchange Agent and shall be in such form and have such other provisions
as Parent and Company may reasonably specify), and (ii)&nbsp;instructions for use in effecting
the surrender of the Certificates or authorizing transfer and cancellation of Book Entry
Shares in exchange for the Merger Consideration. Upon surrender of a Certificate for
cancellation to the Exchange Agent or to such other agent or agents as may be appointed by
Parent, or authorizing transfer of Book Entry Shares, together with such letter of
transmittal, duly executed, the holder of such shares of Company stock shall be entitled to
receive in exchange therefor the amount of the Merger Consideration which such holder has
the right to receive pursuant to Section&nbsp;2.2 hereof, and any Certificate so surrendered
shall forthwith be canceled. Until surrendered as contemplated by this Section&nbsp;2.5, each
Certificate and any Book Entry Shares shall be deemed at any time after the Effective Time
of the Merger to represent only the right to receive upon such surrender the Merger
Consideration to be paid in consideration therefor upon surrender of such Certificate or
transfer of the Book Entry Shares, as the case may be, as contemplated by this Section&nbsp;2.5.
Notwithstanding anything to the contrary set forth herein, if any holder of shares of
Company Stock that are not Book Entry Shares should be unable to surrender the Certificates
for such shares, because they have been lost or destroyed, such holder may deliver in lieu
thereof a bond in form and substance and with surety reasonably satisfactory to Parent and
shall be entitled to receive the Merger Consideration to be paid in consideration therefor
in accordance with Section&nbsp;2.2 hereof.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If, after the Effective Time of the Merger, Certificates or Book Entry Shares are
presented to Parent for any reason, they shall be canceled and exchanged as provided in this
Agreement.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Any portion of the Exchange Fund which remains undistributed to the stockholders of
Company following the passage of twelve months after the Effective Time of the Merger shall
be delivered to Parent, upon demand, and any stockholders of Company who have not
theretofore complied with this Section&nbsp;2.5 shall thereafter look


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<P align="left" style="margin-left:3%; font-size: 10pt">only to Parent for payment of their claim for the Merger Consideration payable in
consideration for any Certificate or transfer of any Book Entry Shares.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Except as otherwise required by law, none of Parent, Company or the Surviving
Corporation shall be liable to any holder of shares of Company Stock for such cash from the
Exchange Fund delivered to a public official pursuant to any applicable abandoned property,
escheat or similar law.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The parties acknowledge that the dissenters&#146; rights provisions of Sections
21-20,137 to 21-20,150 of the NBCA shall not be applicable to the Merger by reason of
Section&nbsp;21-20,138(3) of the NBCA.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6. <U>Adjustments</U>. If after the date hereof and on or prior to the Effective Date of
the Merger, the outstanding shares of Company Stock shall be changed into a different number of
shares by reason of any reclassification, recapitalization or combination, stock split, reverse
stock split, stock dividend or rights issued in respect of such stock, or any similar event shall
occur, the Merger Consideration shall be adjusted accordingly to provide to the holders of Company
Stock the same economic effect as contemplated by this Agreement prior to such event.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7. <U>Directors of Surviving Corporation</U>. At the Effective Time of the Merger, the
Board of Directors of the Surviving Corporation shall be comprised of the persons serving as
directors of Merger Sub immediately prior to the Effective Time of the Merger. Such persons shall
serve until the earlier of their resignation or removal or until their respective successors are
duly elected and qualified.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8. <U>Executive Officers of Surviving Corporation</U>. At the Effective Time of the
Merger, the executive officers of the Surviving Corporation shall be comprised of the persons
serving as executive officers of Merger Sub immediately prior to the Effective Time of the Merger.
Such persons shall serve until the earlier of their resignation or termination.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9. <U>No Further Ownership Rights in Stock</U>. All Merger Consideration delivered upon
the surrender for exchange of shares of Company Stock in accordance with the terms hereof shall be
deemed to have been delivered in full satisfaction of all rights pertaining to ownership of such
shares of stock. At and after the Effective Time of the Merger, there shall be no further
registration of transfers on the stock transfer books of the Surviving Corporation of the shares of
Company Stock which were outstanding immediately prior to the Effective Time of the Merger, and
upon delivery of the Merger Consideration upon surrender for exchange of Company Stock, each such
share of Company Stock shall be canceled.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.10. <U>Absence of Control</U>. Subject to any specific provisions of this Agreement, it is
the intent of the parties hereto that neither Parent nor Merger Sub by reason of this Agreement
shall be deemed (until consummation of the transactions contemplated hereby) to control, directly
or indirectly, Company and shall not exercise, or be deemed to exercise, directly or indirectly, a
controlling influence over the management or policies of Company.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11. <U>Articles of Incorporation and Bylaws</U>. The Articles of Incorporation of Company
as in effect immediately prior to the Effective Time of the Merger, shall be amended


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<P align="left" style="font-size: 10pt">as of the Effective Time of the Merger to read in their entirety as set forth in Exhibit&nbsp;C,
and as so amended shall be the Articles of Incorporation of the Surviving Corporation. The Bylaws
of Merger Sub as in effect immediately prior to the Effective Time of the Merger shall be the
Bylaws of the Surviving Corporation.



<P align="center" style="font-size: 10pt">ARTICLE 3.



<P align="center" style="font-size: 10pt"><U>THE CLOSING</U>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1. <U>Closing and Closing Date</U>. Subject to the provisions of Articles 9, 10 and 11
hereof, the closing of the transactions contemplated by this Agreement (the &#147;<U>Closing</U>&#148;)
shall take place no later than the third business day following the satisfaction or waiver of the
last of the conditions specified in Articles 9, 10, and 11 hereof (other than any such conditions
which are by their terms to be satisfied or waived as of the Closing) but in no event prior to the
first Friday of December, 2005, or, if later, the date as of which any notices legally required to
be delivered to customers or other Persons with respect to the Subsequent Mergers prior to
completion thereof shall have been satisfied; <U>provided</U> that, in any event, Parent may
require that the Closing occur on a Friday during such period which is a Business Day. The date on
which the Closing actually occurs is referred to as the &#147;<U>Closing Date</U>.&#148;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2. <U>Articles of Merger</U>. If all conditions to the obligations of the parties shall
have been satisfied or waived by the party entitled to the benefits thereof, the parties shall, at
the Closing, duly execute the Articles of Merger for filing with the Nebraska Secretary of State
and promptly thereafter take all steps necessary or desirable to consummate the Merger in
accordance with all applicable Laws.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3. <U>Further Assurances</U>. At the Closing, the parties hereto shall deliver, or cause
to be delivered, such documents or certificates as may be necessary in the reasonable opinion of
counsel for any of the parties, to effectuate the transactions contemplated by this Agreement.


<P align="center" style="font-size: 10pt">ARTICLE 4.



<P align="center" style="font-size: 10pt"><U>REPRESENTATIONS AND WARRANTIES OF COMPANY</U>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following representations and warranties by Company to Parent and Merger Sub are qualified
by the Company Disclosure Letter. The Company Disclosure Letter shall refer to the representation
or warranty to which exceptions or matters disclosed therein relate; <U>provided</U>,
<U>however</U>, that an exception or matter disclosed with respect to one representation or
warranty shall also be deemed disclosed with respect to each other warranty or representation to
which the exception or matter reasonably relates. The inclusion of any item in such Company
Disclosure Letter shall not be deemed an admission that such item is a material fact, event or
circumstance or that such item has or had, or would reasonably be expected to have, individually or
in the aggregate, a Material Adverse Effect.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1. <U>Incorporation, Standing and Power</U>.


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<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Company has been duly organized, is validly existing and in good standing as a
corporation under the laws of the State of Nebraska and is duly registered as a savings and
loan holding company under HOLA and qualified as a savings and loan holding company of the
type described in Section&nbsp;10(c)(3)(A) of HOLA. Bank is a federal savings bank duly
organized, validly existing and in good standing under Section&nbsp;5 of HOLA and is authorized
by the OTS to conduct the business of a savings bank.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Company engages only in activities (and holds properties only of the types)
permitted by the State of Nebraska and the OTS and the rules and regulations promulgated
thereby (including but not limited to the HOLA). Bank engages only in activities (and holds
properties only of the types) permitted by the OTS and the FDIC and the rules and
regulations promulgated thereby. Except for its ownership of Bank, Company does not own any
stock or equity interest in any depository institution (as defined in 12 U.S.C. Section
1813(c)(1)). Bank is a qualified thrift lender pursuant to Section 10(m) of HOLA, its
deposits are insured by the FDIC through the Savings Association Insurance Fund
(&#147;<U>SAIF</U>&#148;) in the manner and to the fullest extent provided by law and Bank has paid
all deposit insurance premiums and assessments required by applicable law and regulations.
Bank is a member in good standing of the Federal Home Loan Bank of Topeka (&#147;<U>FHLB</U>&#148;).
Each of the other Company Subsidiaries has been duly organized, is validly existing and in
good standing under the laws of its state of incorporation or organization which in each
case is set forth in the Company Disclosure Letter. Company and each of the Company
Subsidiaries has all requisite corporate power and authority to own, lease and operate its
properties and assets and to carry on its business as presently conducted and is duly
licensed or qualified to do business in each jurisdiction in which the nature of the
business conducted by it or the character or location of the properties owned or leased by
it makes such licensing or qualification necessary, except where the failure to be so
licensed or qualified, individually or in the aggregate, would not have nor reasonably be
expected to have a Material Adverse Effect. The copies of the Articles of Incorporation and
Bylaws of Company which have previously been made available to Parent are true, complete and
correct copies of such documents. Company has furnished to Parent true and correct copies
of each of the Company Subsidiaries&#146; Articles of Incorporation or Certificate of
Incorporation, as the case may be, and Bylaws, as amended.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2. <U>Capitalization</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) As of the date of this Agreement, the authorized capital stock of Company consists
of 120,000,000 shares of Company Stock, of which 38,150,915 shares are outstanding, and
10,000,000 shares of preferred stock, none of which are outstanding. All of the outstanding
shares of Company Stock are duly authorized, validly issued, fully paid and nonassessable
and are free of preemptive rights. Except for Company Stock Options covering 4,185,769
shares of Company Stock granted pursuant to the Company Stock Option Plans, there are no
outstanding options, warrants or other rights in or with respect to the unissued shares of
Company Stock nor any securities convertible into such stock, and Company is not obligated
to issue any additional shares of its common stock or any additional options, warrants or
other rights in or with respect to the unissued


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<P align="left" style="margin-left:3%; font-size: 10pt">shares of such stock or any other securities convertible into or exchangeable for such
stock. Company has furnished Parent a list (the &#147;<U>Company Option List</U>&#148;) setting
forth the name of each holder of a Company Stock Option, the number of shares of Company
Stock covered by each such option, the exercise price per share and the expiration date of
each such option.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The authorized capital stock of Bank consists of 25,000,000 shares of common stock,
$0.01 par value per share, 8,977,560 of which are outstanding and 10,000,000 shares of
preferred stock, without par value, of which 600,000 shares have been designated Series&nbsp;A
and 150,000 shares have been designated Series&nbsp;B, none of which are outstanding. All of the
outstanding shares of such common stock of Bank are duly authorized, validly issued, fully
paid and nonassessable, are free of preemptive rights and are owned of record and
beneficially by Company free and clear of any Encumbrances. There are no outstanding
options, warrants or other rights in or with respect to the unissued or the issued or
outstanding shares of such common stock or any other securities convertible into or
exchangeable for such stock, and Bank is not obligated to issue any additional shares of its
common stock or any options, warrants or other rights in or with respect to the unissued
shares of its common stock or any other securities convertible into such stock.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The authorized and outstanding capital stock of each of the Company Subsidiaries
other than Bank is as described in the Company Disclosure Letter. All of the outstanding
shares of such capital stock are duly authorized, validly issued, fully paid and
nonassessable and are owned of record and beneficially by Company or Bank or a Subsidiary of
Company or Bank free and clear of any Encumbrances. There are no outstanding options,
warrants or other rights in or with respect to the unissued or the issued or outstanding
shares of such capital stock or any other securities convertible into such stock, and none
of such Company Subsidiaries is obligated to issue any additional shares of its capital
stock or any options, warrants or other rights in or with respect to the unissued shares of
its capital stock or any other securities convertible into such stock. Each Subsidiary is a
legal investment for a unitary savings and loan holding company and, with respect to those
owned by Bank, for a federal savings bank.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Neither Company nor any Subsidiary thereof has or is bound by any outstanding
subscriptions, options, warrants, calls, commitments or agreements of any character
providing for the purchase, sale, or issuance of any shares of capital stock or any other
equity security of any Subsidiary of Company or any securities representing the right to
purchase or otherwise receive any shares of capital stock or any other equity security of
such Subsidiary, other than the Company Stock Options.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) No bonds, debentures, notes or other indebtedness having the right generally to
vote on any matters on which stockholders of Company may vote are issued and outstanding.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3. <U>Subsidiaries</U>. Other than the Company Subsidiaries and as set forth in the
Company Disclosure Letter, Company does not have any other Subsidiaries and does not own, directly
or indirectly (except as a pledgee pursuant to loans or upon acquisition in satisfaction of


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<P align="left" style="font-size: 10pt">debt previously contracted), the outstanding stock or equity or other voting interest in any
Person.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4. <U>Financial Statements</U>. Company has previously furnished to Parent a copy of the
Financial Statements of Company and the Financial Statements of Bank. The Financial Statements of
Company and the Financial Statements of Bank: (a)&nbsp;in the case of Company, present fairly the
consolidated financial condition of Company, as of the respective dates indicated and its
consolidated statement of income, comprehensive income, stockholders&#146; equity and cash flows, for
the respective periods then ended; (b)&nbsp;in the case of Bank, present fairly its financial condition,
as of the respective dates indicated, and its statement of income, for the respective periods then
ended; and (c)&nbsp;have been prepared in accordance with GAAP consistently applied (except as otherwise
indicated therein and subject to normal year-end audit adjustments in the case of unaudited
statements, and except that the Financial Statements of Bank have been prepared in accordance with
the Instructions thereto).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5. <U>Reports and Filings</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Company has timely filed all required reports, proxy statements, schedules,
registration statements and other documents with the SEC since December&nbsp;31, 2001 (the
&#147;<U>Company SEC Documents</U>&#148;). As of their respective dates of filing with the SEC (or,
if amended, supplemented or superseded by a filing prior to the date hereof, as of the date
of such filing), the Company SEC Documents complied in all material respects with the
requirements of the Securities Act or the Exchange Act, as the case may be, and the rules
and regulations of the SEC thereunder applicable to such Company SEC Documents, and none of
the Company SEC Documents when filed contained any untrue statement of a material fact or
omitted to state a material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances under which they were made, not
misleading. The consolidated financial statements of Company included in the Company SEC
Documents complied as to form, as of their respective dates of filing with the SEC, in all
material respects with all applicable accounting requirements and with the published rules
and regulations of the SEC with respect thereto.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In addition to the Company SEC Documents, which are addressed in subsection (a)
above, each of Company and the Company Subsidiaries have timely filed all reports, returns,
registrations and statements, together with any amendments required to be made with respect
thereto, that they were required to file since December&nbsp;31, 2001 with (a)&nbsp;the OTS, (b)&nbsp;the
FDIC, and (c)&nbsp;any other applicable Governmental Entity, including taxing authorities
(collectively, &#147;<U>Company Governmental Filings</U>&#148;). No administrative actions have been
taken or threatened or orders issued in connection with such Company Governmental Filings.
As of their respective dates, each of such Company Governmental Filings complied in all
material respects with all Laws enforced or promulgated by the Governmental Entity with
which it was filed (or was amended so as to be in compliance promptly following discovery of
any such noncompliance). Any financial statement contained in any of such Company
Governmental Filings fairly presented in all material respects the financial position of
Company on a consolidated basis, Company alone or each of the Company Subsidiaries


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<P align="left" style="margin-left:3%; font-size: 10pt">alone, as the case may be, and was prepared in accordance with GAAP or applicable
banking regulations and Instructions applied on a consistent basis during the periods
involved, except as may be disclosed therein, as of the dates and for the periods shown.
Company has furnished to Parent true and correct copies of all material Company Governmental
Filings filed by Company since December&nbsp;31, 2003.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6. <U>Authority of Company and Bank</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The execution and delivery by Company of this Agreement and, subject to the
requisite approval of the stockholders of Company of this Agreement and the Merger, the
consummation of the transactions contemplated hereby have been duly and validly authorized
by all necessary corporate action on the part of Company including, without limitation, the
vote of the Board of Directors of Company (which vote was unanimous) approving this
Agreement and the Merger. This Agreement is a valid and binding obligation of Company
enforceable in accordance with its terms, except as the enforceability thereof may be
limited by bankruptcy, liquidation, receivership, conservatorship, insolvency, moratorium or
other similar Laws affecting the rights of creditors generally and by general equitable
principles.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Except as set forth in the Company Disclosure Letter, neither the execution and
delivery by Company of this Agreement or by the Bank of the Merger Agreement, the
consummation of the transactions contemplated herein or therein, nor compliance by Company
or Bank with any of the provisions hereof or thereof, will: (a)&nbsp;conflict with or result in
a breach of any provision of its or any of the Company Subsidiaries&#146; Articles or
Certificates of Incorporation, as amended, or Bylaws, as amended; (b)&nbsp;constitute a breach of
or result in a default (or give rise to any rights of termination, cancellation or
acceleration, or any right to acquire any securities or assets) under any of the terms,
conditions or provisions of any note, bond, mortgage, indenture, franchise, license, permit,
lease, agreement or other instrument or obligation to which Company or any of the Company
Subsidiaries is a party, or by which Company or any of the Company Subsidiaries or any of
their respective properties or assets are bound; (c)&nbsp;result in the creation or imposition of
any Encumbrance of material consequence on any of the properties or assets of Company or any
of the Company Subsidiaries; or (d)&nbsp;violate any order, writ, injunction, decree, statute,
rule or regulation applicable to Company or any of the Company Subsidiaries or any of their
respective properties or assets, except (other than in the case of clause (a)) as would not
reasonably be expected to have a Material Adverse Effect on the Company. No consent of,
approval of, notice to or filing with any Governmental Entity having jurisdiction over any
aspect of the business or assets of Company or the Company Subsidiaries, and no consent of,
approval of or notice to any other Person, is required in connection with the execution and
delivery by Company of this Agreement or the consummation by Company of the Merger or the
execution and delivery by Bank of the Merger Agreement, except (i)&nbsp;the approval of this
Agreement by the stockholders of Company (including the filing of the Proxy Statement with
the SEC); (ii)&nbsp;the approval of the FDIC under the Bank Merger Act; (iii)&nbsp;the approval of the
OTS under 12 C.F.R. &#167; 574.7 and 563.22(1)(i) and (h)(1); (iv)&nbsp;the approval of the DFI under
the CFC; (v)&nbsp;the filing of a notice with the FRB under 12 C.F.R. &#167; 225.12(d)(2); (vi)&nbsp;the
filing of the Articles of Merger with the Secretary of


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<P align="left" style="margin-left:3%; font-size: 10pt">State of the State of Nebraska; (vii)&nbsp;with respect to the Subsequent Mergers, the
filing of the Merger Agreement (or the articles of merger provided for therein) with the
Secretaries of State of the States of California and Nebraska and the DFI; (viii)&nbsp;filings
under state corporate, banking, securities, insurance or other laws in states where the
Company or any Company Subsidiary maintains offices or transacts business; and (ix)&nbsp;any
filings required to be made with the U.S. Federal Trade Commission or Department of Justice.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7. <U>Insurance</U>. Company and its Subsidiaries are insured with reputable insurers
against such risks and in such amounts as the management of Company reasonably has determined to be
prudent in accordance with industry practices. Set forth in the Company Disclosure Letter is a
list, as of the date hereof, of all policies of insurance carried and owned by either Company or
the Company Subsidiaries showing the name of the insurance company and agent, the nature of the
coverage, the policy limit, the annual premiums and the expiration dates. All such insurance
policies and bonds are in full force and effect. No insurer under any such policy or bond has
canceled or indicated in writing an intention to cancel or, as of the date hereof, indicated in
writing an intention not to renew any such policy or bond or generally disclaimed liability
thereunder. None of Company or any of the Company Subsidiaries is in default under any such policy
or bond which is material to the operations of Company and the Company Subsidiaries taken as a
whole and all material claims thereunder have been filed in a timely fashion. Except for policies
insuring against potential liabilities of officers, directors and employees of Company and its
Subsidiaries, Company or the relevant Subsidiary thereof is the sole beneficiary of such policies.
All premiums and other payments due under any such policy have been paid, and all claims thereunder
have been filed, in due and timely fashion.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.8. <U>Personal Property</U>. Each of Company and the Company Subsidiaries has good title
to all its material properties and assets, other than real property, owned or stated to be owned by
Company or the Company Subsidiaries, free and clear of all Encumbrances except: (a)&nbsp;as set forth
in the Financial Statements of Company; (b)&nbsp;for Encumbrances for current taxes not yet due or taxes
being contested in good faith by appropriate proceedings (any such contests existing as of the date
hereof being reflected in the Company Disclosure Letter); (c)&nbsp;for Encumbrances incurred or
properties or assets sold in the ordinary course of business; or (d)&nbsp;for Encumbrances that are not
substantial in character, amount or extent and that do not materially detract from the value, or
interfere with present use, of the property subject thereto or affected thereby, or otherwise
materially impair the conduct of business of Company or the Company Subsidiaries. All leases of
personal property material to Company or any of its Subsidiaries under which Company or any
Subsidiary is a lessee are valid and binding in accordance with their respective terms (other than
due to the ordinary expiration of the term thereof), there is not under such lease any material
existing default by Company or such Subsidiary or any event which with notice or lapse of time or
both would constitute such a default, except as would not reasonably be expected to have, in the
aggregate, a Material Adverse Effect.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.9. <U>Real Estate</U>. Each of Company and the Company Subsidiaries has duly recorded or
caused to be recorded, in the appropriate county, all recordable interests in all material real
property, including leaseholds and other interests in such real property (other than easements or
security interests) owned or, if recordable by the Company under applicable law, leased by Company
or the Company Subsidiaries. Either Company or the Company Subsidiaries


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<P align="left" style="font-size: 10pt">has good and marketable title to such real property, and valid leasehold interests in such
leaseholds, free and clear of all Encumbrances, except (a)&nbsp;for rights of lessors, co-lessees or
sublessees in such matters that are reflected in the lease; (b)&nbsp;for current taxes not yet due and
payable or taxes being contested in good faith by appropriate proceedings (any such contests
existing as of the date hereof being reflected in the Company Disclosure Letter); or (c)&nbsp;for such
Encumbrances, if any, as do not materially detract from the value of or materially interfere with
the present use, occupancy or operation of such property. All leases of real property material to
Company or any of its Subsidiaries under which Company or a Subsidiary is a lessee are valid and
binding in accordance with their respective terms (other than due to the ordinary expiration of
the term thereof), there is not under such lease any material existing default by Company or such
Subsidiary or any event which with notice or lapse of time or both would constitute such a default,
and Company or such Subsidiary quietly enjoys the premises provided for in such lease, except as
would not reasonably be expected to have, in the aggregate, a Material Adverse Effect.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10. <U>Litigation</U>. Except as disclosed in the Company SEC Documents filed prior to the
date of this Agreement or as set forth in the Company Disclosure Letter, there is no suit, action,
investigation, inquiry or proceeding (whether judicial, arbitral, administrative or other) pending
or, to the knowledge of Company, threatened, against or affecting Company or any Subsidiary of
Company as to which there is a reasonable possibility of an adverse outcome and which would,
individually or in the aggregate, have or reasonably be expected to have a Material Adverse Effect,
nor is there any judgment, decree, injunction, rule or order of any Governmental Entity outstanding
against Company or any Subsidiary of Company having or which would reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect. There are no material judgments,
decrees, stipulations or orders against Company or the Company Subsidiaries or enjoining their
respective directors, officers or employees in respect of, having or which could reasonably be
expected to have a Material Adverse Effect or the effect of which is to prohibit any business
practice or the acquisition of any property or the conduct of business in any area.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.11. <U>Taxes</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) (i)&nbsp;All Tax Returns which could be of material financial significance to the
Company required to be filed by or on behalf of Company or the Company Subsidiaries or the
Affiliated Group(s) of which any of them is or was a member, have been duly and timely filed
with the appropriate taxing authorities in all jurisdictions in which such Tax Returns are
required to be filed (after giving effect to any valid extensions of time in which to make
such filings), and all such filed Tax Returns were true, complete and correct in all
material respects; (ii)&nbsp;all Taxes due and payable by or on behalf of Company or the Company
Subsidiaries, either directly, as part of an Affiliated Group Tax Return, or otherwise, have
been fully and timely paid, except to the extent adequately reserved therefor in accordance
with GAAP and/or applicable regulatory accounting principles or banking regulations
consistently applied on Company&#146;s balance sheet, and adequate reserves or accruals for Taxes
have been provided in Company&#146;s balance sheet with respect to any period through the date
thereof for which Tax Returns have not yet been filed or for which Taxes are not yet due and
owing; and (iii)&nbsp;no agreement, waiver or other document or arrangement extending or having
the effect of extending the period for assessment or collection of Taxes (including,


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<P align="left" style="margin-left:3%; font-size: 10pt">but not limited to, any applicable statute of limitation) has been executed or filed
with any taxing authority by or on behalf of Company, the Company Subsidiaries or any of
their Subsidiaries, or any Affiliated Group(s) of which any of them is or was a member.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Company and the Company Subsidiaries have complied in all material respects with
all applicable Laws relating to the payment and withholding of Taxes and have duly and
timely withheld from any salaries, wages or other compensation paid to any employee or
independent contractor, and have paid over to the appropriate taxing authorities, all
amounts required to be so withheld and paid over for all periods under all applicable Laws.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Company has furnished to Parent true and correct copies of (i)&nbsp;all income or
franchise Tax Returns of Company and the Company Subsidiaries relating to all taxable
periods beginning after December&nbsp;31, 2000, and (ii)&nbsp;any audit report issued within the last
three years relating to any Taxes due from or with respect to Company or the Company
Subsidiaries with respect to their respective income, assets or operations.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) No claim has been made by a taxing authority in a jurisdiction where Company or the
Company Subsidiaries do not file an income or franchise Tax Return such that Company or the
Company Subsidiaries are or may be subject to income or franchise taxation by that
jurisdiction.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) (i)&nbsp;All deficiencies asserted or assessments made as a result of any examinations
by any taxing authority of the Tax Returns of or covering or including Company or the
Company Subsidiaries have been fully paid, and, to the best of Company&#146;s knowledge, there
are no other audits or investigations by any taxing authority in progress, nor have Company
or the Company Subsidiaries received any written notice from any taxing authority that it
intends to conduct such an audit or investigation; (ii)&nbsp;no issue has been raised by any
taxing authority in any current or prior examination which, by application of the same or
similar principles, could reasonably be expected to result in a material proposed deficiency
against Company or the Company Subsidiaries for any subsequent taxable period.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Neither Company or the Company Subsidiaries nor any other Person on behalf of
Company or the Company Subsidiaries has (i)&nbsp;filed a consent pursuant to Section 341(f) of
the Code or agreed to have Section&nbsp;341(f)(2) of the Code apply to any disposition of a
subsection (f)&nbsp;asset (as such term is defined in Section&nbsp;341(f)(4) of the Code) owned by
Company or the Company Subsidiaries, (ii)&nbsp;agreed to or is required to make any adjustments
pursuant to Section 481(a) of the Code or any similar provision of state, local or foreign
Law by reason of a change in accounting method initiated by Company or the Company
Subsidiaries or has any knowledge that the IRS has proposed in writing any such adjustment
or change in accounting method, or has any application pending with any taxing authority
requesting permission for any changes in accounting methods that relate to the business or
operations of Company or the Company Subsidiaries, or (iii)&nbsp;executed or entered into a
closing agreement pursuant to Section&nbsp;7121 of the Code or any predecessor provision


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<P align="left" style="margin-left:3%; font-size: 10pt">thereof or any similar provision of state, local or foreign Law with respect to Company
or the Company Subsidiaries.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) No property owned by Company or the Company Subsidiaries is (i)&nbsp;property required
to be treated as being owned by another Person pursuant to provisions of Section&nbsp;168(f)(8)
of the Internal Revenue Code of 1954, as amended and in effect immediately prior to the
enactment of the Tax Reform Act of 1986, (ii)&nbsp;constitutes &#147;tax exempt use property&#148; within
the meaning of Section&nbsp;168(h)(1) of the Code or (iii)&nbsp;is &#147;tax-exempt bond financed property&#148;
within the meaning of Section&nbsp;168(g)(5) of the Code.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Neither Company (except with the Company Subsidiaries) nor any of the Company
Subsidiaries (except with Company and the Company Subsidiaries) is a party to any tax
allocation, indemnification or sharing agreement (or similar agreement or arrangement),
whether written or not written, pursuant to which it will have any obligation to make any
payments after the Closing.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Neither Company nor any of the Company Subsidiaries has been a member of an
Affiliated Group (other than a group whose common parent was Company).



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Neither Company nor any of the Company Subsidiaries has any liability for the Taxes
of any person (other than Company and any of the Company Subsidiaries) under section
1.1502-6 of the Treasury Regulations (or any similar provision of state, local or foreign
Law), as a transferee or successor, by contract, or otherwise.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Neither Company nor any of the Company Subsidiaries has any request for a ruling or
determination letter in respect of Taxes pending between Company or any Company Subsidiary
and any taxing authority.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) There are no material liens as a result of any due and unpaid Taxes upon any of the
assets of Company or the Company Subsidiaries.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Company and the Company Subsidiaries have disclosed on all relevant Tax Returns all
positions taken therein that could reasonably be expected to give rise to a substantial
underpayment penalty within the meaning of Section&nbsp;6662 of the Code (or comparable
provisions of applicable state income tax Laws). Neither Company nor any Company Subsidiary
has participated in any &#147;reportable transaction&#148; or &#147;listed transaction,&#148; as those terms are
defined in Section&nbsp;6707A(c) of the Code (or comparable provisions of applicable state income
tax Laws).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.12. <U>Compliance with Charter Provisions and Laws and Regulations</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Neither Company nor any of the Company Subsidiaries is in default under or in
breach or violation of (i)&nbsp;any provision of its Articles or Certificate of Incorporation, as
amended, or Bylaws, as amended, or (ii)&nbsp;any Law, except, with respect to this clause (ii),
for such violations as would not have, or would not reasonably be


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<P align="left" style="margin-left:3%; font-size: 10pt">expected to have, individually or in the aggregate, a Material Adverse Effect. Except
for routine examinations by Federal or state Governmental Entities charged with the
supervision or regulation of federal savings banks or savings and loan holding companies or
engaged in the insurance of bank deposits, to the best knowledge of Company, no
investigation or inquiry by any Governmental Entity with respect to Company or any of the
Company Subsidiaries is pending or threatened. There are no material unresolved violations,
criticisms or exceptions by any Governmental Entity with respect to any report or statement
relating to any examination of Company or any of its Subsidiaries.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) To Company&#146;s knowledge, (i)&nbsp;each of Company and the Company Subsidiaries is in
compliance with all Environmental Regulations; (ii)&nbsp;there are no Tanks on or about Company
Property; (iii)&nbsp;there are no Hazardous Materials on, below or above the surface of, or
migrating to or from Company Property; and (iv)&nbsp;without limiting Section&nbsp;4.10 hereof or the
foregoing representations and warranties contained in clauses (i)&nbsp;through (iii), there is no
claim, action, suit, or proceeding or notice thereof before any Governmental Entity pending
against Company or the Company Subsidiaries and there is no outstanding judgment, order,
writ, injunction, decree, or award against or affecting Company Property relating to the
foregoing representations (i)-(iii), in each case the noncompliance with which, or the
presence of which, would have or would reasonably be expected to have a Material Adverse
Effect. Company has furnished to Parent all environmental assessments or reports with
respect to each material piece of Company Property which are in Company&#146;s possession or
control. For purposes of this Agreement, the term &#147;<U>Environmental Regulations</U>&#148; shall
mean all applicable statutes, regulations, rules, ordinances, codes, licenses, permits,
orders, approvals, plans, authorizations, concessions, franchises, and similar items, of all
Governmental Entities and all applicable judicial, administrative, and regulatory decrees,
judgments, and orders relating to the protection of human health or the environment,
including, without limitation, those pertaining to reporting, licensing, permitting,
investigation, and remediation of emissions, discharges, releases, or threatened releases of
Hazardous Materials, chemical substances, pollutants, contaminants, or hazardous or toxic
substances, materials or wastes whether solid, liquid, or gaseous in nature, into the air,
surface water, groundwater, or land, or relating to the manufacture, processing,
distribution, use, treatment, storage, disposal, transport, or handling of chemical
substances, pollutants, contaminants, or hazardous or toxic substances, materials, or
wastes, whether solid, liquid, or gaseous in nature and all requirements pertaining to the
protection of the health and safety of employees or the public. &#147;<U>Company Property</U>&#148;
shall mean real estate currently owned, leased, or otherwise used by Company or the Company
Subsidiaries. &#147;<U>Tank</U>&#148; shall mean treatment or storage tanks, gas or oil wells and
associated piping transportation devices. &#147;<U>Hazardous Materials</U>&#148; shall mean any
substance: (1)&nbsp;the presence of which requires investigation or remediation under any Law;
(2)&nbsp;which is or becomes defined as a hazardous waste, hazardous substance, hazardous
material, used oil, pollutant or contaminant under any federal, state or local statute,
regulation, rule or ordinance or amendments thereto including, without limitation, the
Comprehensive Environmental Response, Compensation and Liability Act (42 U.S.C. Section
9601, <I>et seq.</I>); the Resource Conservation and Recovery Act (42 U.S.C. Section&nbsp;6901, <I>et
seq.</I>); the Clean Air Act, as amended (42 U.S.C. Section&nbsp;7401, <I>et seq.</I>); the Federal Water
Pollution Control Act, as amended (33 U.S.C. Section&nbsp;1251, <I>et seq.</I>);


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<P align="left" style="margin-left:3%; font-size: 10pt">the Toxic Substances Control Act, as amended (15 U.S.C. Section&nbsp;9601, <I>et seq.</I>); the
Occupational Safety and Health Act, as amended (29 U.S.C. Section&nbsp;651; the Emergency
Planning and Community Right-to-Know Act of 1986 (42 U.S.C. Section&nbsp;11001, <I>et seq.</I>); the
Mine Safety and Health Act of 1977, as amended (30 U.S.C. Section&nbsp;801, <I>et seq.</I>); the Safe
Drinking Water Act (42 U.S.C. Section&nbsp;300f, <I>et seq.</I>); and all comparable state and local
Laws; (3)&nbsp;comparable Laws of other jurisdictions; or (4)&nbsp;the presence of which causes or
threatens to cause a nuisance, trespass or other common law tort upon real property or
adjacent properties or poses or threatens to pose a hazard to the health or safety of
persons or without limitation, which contains gasoline, diesel fuel or other petroleum
hydrocarbons; or (5)&nbsp;polychlorinated biphenyls (PCBs), asbestos, lead-containing paints or
urea formaldehyde foam insulation.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13. <U>Employees</U>. There are no controversies pending or, to the best of Company&#146;s
knowledge, threatened between either Company or the Company Subsidiaries and any of their
respective employees that would or would reasonably be expected to have a Material Adverse Effect.
Neither Company nor any of the Company Subsidiaries is a party to any collective bargaining
agreement with respect to any of their respective employees or any labor organization to which
their respective employees or any of them belong.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.14. <U>Brokers, Finders and Financial Advisors</U>. Except for the obligations set forth
in the Merrill Lynch Agreement and the Sandler O&#146;Neill Agreement, copies of which have heretofore
been delivered to Parent, neither Company nor any of the Company Subsidiaries is a party to or
obligated under any agreement with any broker, finder or financial advisor relating to the
transactions contemplated hereby, and neither the execution of this Agreement nor the consummation
of the transactions provided for herein will result in any liability or any commitment for fees or
commissions to any broker, finder or financial advisor.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.15. <U>Scheduled Contracts</U>. Except as set forth in the Company Disclosure Letter or as
disclosed in the Company SEC Documents (each item listed or required to be listed in such Company
Disclosure Letter or the Company SEC Documents being referred to herein as a &#147;<U>Scheduled
Contract</U>&#148;), neither Company nor the Company Subsidiaries is a party or otherwise subject to:



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any employment, deferred compensation, bonus or consulting contract;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any advertising, brokerage, licensing, dealership, representative or agency
relationship or contract requiring payment by Company or the Company Subsidiaries of
$250,000 or more per annum;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any contract or agreement that restricts Company or the Company Subsidiaries (or
would restrict any Affiliate of Company or the Company Subsidiaries or the Surviving
Corporation (including Merger Sub and its Subsidiaries) after the Effective Time of the
Merger) from competing in any line of business with any Person or using or employing the
services of any Person;


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<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any lease of real or personal property providing for annual lease payments by or to
Company or the Company Subsidiaries in excess of $250,000 per annum other than (A)&nbsp;financing
leases entered into in the ordinary course of business in which Company or the Company
Subsidiaries is lessor and (B)&nbsp;leases of real property presently used by the Company
Subsidiaries as offices or other facilities;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) any mortgage, pledge, conditional sales contract, security agreement, option, or
any other similar agreement with respect to any interest of Company or the Company
Subsidiaries (other than as mortgagor or pledgor in the ordinary course of its banking
business or as mortgagee, secured party or deed of trust beneficiary in the ordinary course
of its banking business or as security for deposits of Governmental Entities in the ordinary
course of its banking business) in personal property having a value of $250,000 or more;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) any stock purchase, stock option, stock bonus, stock ownership, profit sharing,
group insurance, bonus, deferred compensation, severance pay, pension, retirement, savings
or other incentive, welfare or employment plan or material agreement providing benefits to
any present or former employees, officers or directors of Company or the Company
Subsidiaries (including without limitation any agreement, plan or arrangement providing for
the payment of any compensation or benefits following a change-of-control with respect to
Company, whether or not subject to further triggering events);



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) any agreement to acquire equipment or any commitment to make capital expenditures
of $250,000 or more;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) other than agreements entered into in the ordinary course of business, including
sales of other real estate owned, any agreement for the sale of any property or assets in
which Company or the Company Subsidiaries has an ownership interest which is of material
significance to the operations of the Company or the Bank or for the grant of any
preferential right to purchase any such property or asset;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any agreement for the borrowing of any money (other than (i)&nbsp;liabilities or
interbank borrowings made in the ordinary course of its banking business and reflected or to
be reflected in the financial records of Company or the Company Subsidiaries, (ii)
short-term borrowings (including refinancings thereof) made at then prevailing market rates
and terms consistent with prior practice and (iii)&nbsp;indebtedness of the Company or any of its
wholly-owned Subsidiaries to the Company or any of its wholly-owned Subsidiaries);



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) any guarantee or indemnification which involves the sum of $250,000 or more, other
than letters of credit or loan commitments issued in the normal course of business and
customary director, officer and employee indemnification provisions;


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<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) any material agreement which would be terminable other than by Company or the
Company Subsidiaries as a result of the consummation of the transactions contemplated by
this Agreement;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) any contract of participation with any other bank in any loan in excess of $1
million or any sales of assets of Company or the Company Subsidiaries with recourse of any
kind to Company or the Company Subsidiaries except the sale of mortgage loans, servicing
rights, repurchase or reverse repurchase agreements, securities or other financial
transactions in the ordinary course of business;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) any agreement providing for the sale or servicing of any loan or other asset which
constitutes a &#147;recourse arrangement&#148; under applicable regulation or policy promulgated by a
Governmental Entity (except for agreements for the sale of guaranteed portions of loans
guaranteed in part by the U.S. Small Business Administration and related servicing
agreements);



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) any contract relating to the provision of data processing services to Company or
the Company Subsidiaries which provides for payments which in the aggregate (including any
cancellation or termination payments or the effect of any required minimum notice periods
prior to cancellation or termination) exceed $500,000;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) any contract or commitment to purchase or sell bulk packages of mortgage servicing
rights; or



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) any other agreement of any other kind which involves future payments or receipts or
performances of services or delivery of items requiring payment of $250,000 per annum or
more to or by Company or the Company Subsidiaries other than payments made under or pursuant
to loan agreements, letters of credit and participation agreements entered into in the
ordinary course of business.

<P align="left" style="font-size: 10pt">Complete copies of all Scheduled Contracts, including all amendments and supplements thereto,
entered into on or before the date hereof have been delivered or made available to Parent.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.16. <U>Performance of Obligations</U>. Each Scheduled Contract is valid, binding and in
full force and effect and is enforceable in accordance with its terms, except as enforcement
thereof may be limited by bankruptcy, liquidation, receivership, conservatorship, insolvency,
moratorium, or other similar laws affecting the rights of creditors generally and by general
equitable principles. Each of Company and the Company Subsidiaries has performed in all material
respects all respects all of the obligations required to be performed by it to date and is not in
default under or in breach of any material term or provision of any Scheduled Contract to which it
is a party, is subject or is otherwise bound, and no event has occurred that, with the giving of
notice or the passage of time or both, would constitute such default or breach, except where such
failure of performance, breach or default would not have, or would not reasonably be expected to
have, individually or in the aggregate, a Material Adverse Effect. Except for loans, letters of
credit and leases made by Company or the Company Subsidiaries in the ordinary course of business,
to Company&#146;s knowledge, no party to any Scheduled Contract is in default thereunder as of the date
hereof.


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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.17. <U>Certain Material Changes</U>. Except as specifically required, permitted or
effected by this Agreement, or as disclosed in the Company SEC Documents, since March&nbsp;31, 2005,
there has not been, occurred or arisen any of the following (whether or not in the ordinary course
of business unless otherwise indicated):



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any change in any of the assets, liabilities, results of operations, permits,
methods of accounting or accounting practices, business, or manner of conducting business,
of Company or the Company Subsidiaries or any other event or development that has had, or
would reasonably be expected to have, individually or in the aggregate, a Material Adverse
Effect;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any damage, destruction or other casualty loss (whether or not covered by
insurance) that has had, or would reasonably be expected to have, a Material Adverse Effect;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any amendment, modification or termination of any existing, or entry into any new,
material contract or permit that has had, or would reasonably be expected to have, a
Material Adverse Effect;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any disposition by Company or the Company Subsidiaries of an asset the lack of
which has had, or would reasonably be expected to have, a Material Adverse Effect; or



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) any direct or indirect redemption, purchase or other acquisition by Company or the
Company Subsidiaries of any equity securities or any declaration, setting aside or payment
of any dividend or other distribution on or in respect of Company Stock whether consisting
of money, other personal property, real property or other things of value (except for
dividends permitted by Section&nbsp;6.1(b), regular quarterly cash dividends and acquisitions of
Company Stock pursuant to cashless exercise provisions of any Company Stock Options or
pursuant to the surrender of shares to Company or the withholding of shares by Company to
cover tax withholding obligations under Company Stock Plans).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.18. <U>Licenses and Permits</U>. Each of Company and the Company Subsidiaries has all
material licenses and permits that are necessary for the conduct of its business, and such licenses
are in full force and effect in all material respects. The respective properties, assets,
operations and businesses of Company and the Company Subsidiaries are and have been maintained and
conducted, in all material respects, in compliance with all such applicable licenses and permits.
To the knowledge of Company, no proceeding is pending or threatened by any Governmental Entity
which seeks to revoke or limit any such licenses or permits.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.19. <U>Undisclosed Liabilities</U>. Except for liabilities or obligations which do not
have, or would not reasonably be expected to have, individually or in the aggregate, a Material
Adverse Effect, neither Company nor the Company Subsidiaries has any liabilities or obligations,
either accrued or contingent, that have not been: (a)&nbsp;fully reflected or reserved against in the
Financial Statements of Company; (b)&nbsp;incurred subsequent to March&nbsp;31, 2005 in


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<P align="left" style="font-size: 10pt">the ordinary course of business consistent with past practices; or (c)&nbsp;disclosed in the
Company Disclosure Letter.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.20. <U>Employee Benefit Plans</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Company has previously made available to Parent copies of each &#147;employee benefit
plan,&#148; as defined in Section&nbsp;3(3) of ERISA, of which Company or any of the Company
Subsidiaries is a sponsor or participating employer or as to which Company or any of the
Company Subsidiaries makes contributions or is required to make contributions and which is
subject to any provision of ERISA and covers any employee, whether active or retired, of
Company or any of the Company Subsidiaries, together with all amendments thereto, all
currently effective and related summary plan descriptions, the determination letter from the
IRS, the annual reports for the most recent three years (Form&nbsp;5500 including, if applicable,
Schedule&nbsp;B thereto, and Form 11-K, if applicable) and a summary of material modifications
prepared in connection with any such plan. Such plans are hereinafter referred to
collectively as the &#147;<U>Employee Plans</U>,&#148; and are listed in Section&nbsp;4.20(a) of the
Company Disclosure Letter. No Employee Plan is a &#147;multiemployer plan&#148; within the meaning of
Section&nbsp;3(37) of ERISA. Each Employee Plan that is intended to be qualified in form and
operation under Section 401(a) of the Code has received a favorable determination letter
from the IRS and the associated trust for each such Employee Plan is exempt from tax under
Section 501(a) of the Code. No event has occurred that will subject such Employee Plans to
a material amount of tax under Section&nbsp;511 of the Code. All amendments required to bring
each Employee Plan into conformity with all of the applicable provisions of ERISA, the Code
and all other applicable Laws have been made, except to the extent that such amendments may
be retroactively adopted under Section 401(b) of the Code and the regulations issued
thereunder. Except as disclosed in the Company Disclosure Letter, all Employee Plans were
in effect prior to January&nbsp;1, 2005, and there has been no material amendment thereof (other
than amendments required to comply with applicable Law).



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Company has previously made available to Parent copies or descriptions of each
employment agreement, plan or arrangement maintained or otherwise contributed to by Company
or any of the Company Subsidiaries which is not an Employee Plan and which (exclusive of
base salary and base wages and any benefit required solely under the Law of any state)
provides for any form of current or deferred compensation, bonus, stock option, stock
awards, stock-based compensation or other forms of incentive compensation or
post-termination benefits or insurance, profit sharing, benefit, retirement, severance,
change-in-control, group health or insurance, disability, workers&#146; compensation, vacation
benefits, welfare or similar benefits to or for the benefit of any employee or class of
employees, or former employees or class of former employees, or directors or former
directors, whether active or retired, of Company or any of the Company Subsidiaries. Such
plans and arrangements are hereinafter collectively referred to as &#147;<U>Benefit
Arrangements</U>&#148; and are listed in Section&nbsp;4.20(b) of the Company Disclosure Letter.
Except as disclosed in the Company Disclosure Letter, all Benefit Arrangements which are in
effect were commenced or in effect prior to January&nbsp;1, 2005. Except as disclosed in the
Company Disclosure Letter, there has been no amendment thereof. Except as set forth in the
Company Disclosure Letter, there has been no increase


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<P align="left" style="margin-left:3%; font-size: 10pt">in the compensation of or benefits payable to any senior executive employee of Company
or any Company Subsidiary since January&nbsp;1, 2005 nor any employment, severance or similar
contract entered into with any such employee, nor any amendment to any such contract, since
January&nbsp;1, 2005.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) With respect to all Employee Plans and Benefit Arrangements, Company and the
Company Subsidiaries are in compliance (other than noncompliance the cost or liability for
which would not have, or would not reasonably be expected to have, a Material Adverse
Effect) with the requirements prescribed by any and all statutes, governmental or court
orders, or governmental rules or regulations currently in effect, including but not limited
to ERISA and the Code, applicable to such plans or arrangements. All government reports and
filings required by Law have been properly and timely filed and all information required to
be distributed to participants or beneficiaries has been distributed with respect to each
Employee Plan and Benefit Arrangement, including, if applicable, Form S-8 registration
statements, Forms 11-K and prospectus disclosures with respect to Company Stock offered
under any Employee Plan and Benefit Arrangement (other than noncompliance the cost or
liability for which would not have, or would not reasonably be expected to have, a Material
Adverse Effect). Company and the Company Subsidiaries have performed all of their
obligations under all such Employee Plans and Benefit Arrangements in all material aspects.
There is no pending or, to the best of Company&#146;s or Company Subsidiaries&#146; knowledge,
threatened legal action, proceeding or investigation against or involving any Employee Plan
or Benefit Arrangement, other than routine claims for benefits (other than claims which
would not have, or would not reasonably be expected to have, a Material Adverse Effect). No
condition exists that could constitute grounds for the termination of any Employee Plan
under Section&nbsp;4042 of ERISA. No &#147;prohibited transaction,&#148; as defined in Section&nbsp;406 of
ERISA or Section&nbsp;4975 of the Code, has occurred with respect to any Employee Plan, or any
other employee benefit plan maintained by Company or any of the Company Subsidiaries which
is covered by Title I of ERISA, which could subject any person (other than a person for whom
Company or any Company Subsidiary is not directly or indirectly responsible) to liability
under Title I of ERISA or to the imposition of tax under Section&nbsp;4975 of the Code (other
than any such transaction the cost or liability of which would not have, or would not
reasonably be expected to have, a Material Adverse Effect). No Employee Plan subject to
Part&nbsp;3 of Subtitle B of Title I of ERISA or Section&nbsp;412 of the Code, or both, has incurred
any &#147;accumulated funding deficiency,&#148; as defined in Section&nbsp;412 of the Code, whether or not
waived, nor has Company or any Company Subsidiary failed to make any contribution or pay any
amount due and owing as required by the terms of any Employee Plan or Benefit Arrangement.
No &#147;reportable event&#148; as defined in ERISA has occurred with respect to any of the Employee
Plans. Neither Company nor any of the Company Subsidiaries has incurred nor expects to
incur, directly or indirectly, any liability under Title IV of ERISA arising in connection
with the termination of, or a complete or partial withdrawal from, any plan covered or
previously covered by Title IV of ERISA which could constitute a liability of the Surviving
Corporation or of any of its Affiliates (including the Company Subsidiaries) at or after the
Effective Time of the Merger (other than plans maintained prior to the Effective Time of the
Merger by Parent and any of the Company Subsidiaries).


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<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Neither Company nor any of the Company Subsidiaries has provided or is required to
provide security to any Employee Plan pursuant to Section&nbsp;401(a)(29) of the Code. Each of
the Employee Plans that is intended to be a qualified plan under Section 401(a) of the Code
has received a favorable determination letter from the IRS and neither Company nor any
Company Subsidiary knows of any fact that would adversely affect the qualified status of any
such Employee Plan and which would not be correctible under the Employee Plans Correction
Resolution System (Rev. Proc. 2003-44) without material cost to Company or any of the
Company Subsidiaries. All contributions required to be made to each of the Employee Plans
under the terms of the Employee Plans, ERISA, the Code or any other applicable laws have
been timely made. Except as disclosed in the Company Disclosure Letter, as of the date
hereof, the Financial Statements of Company properly reflect all amounts required to be
accrued as liabilities to date under each of the Employee Plans. Except as disclosed in the
Company Disclosure Letter, the fair market value of the assets of each Employee Plan and
Benefit Arrangement that is funded, or required to be funded under the terms of the Employee
Plan or Benefit Arrangement, ERISA, the Code or any other applicable Law, equals or exceeds
the present value of benefit obligations, of such Employee Plan or Benefit Arrangement.
Except as disclosed in the Company Disclosure Letters, Company and the Company Subsidiaries
have no obligation to provide post-termination or retiree welfare benefits to any person for
any reason, except as may be required by The Consolidated Omnibus Budget Reconciliation Act
of 1985, as amended or similar state statute.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Except for the Scheduled Contracts or as set forth in the Company Disclosure
Letter, each Employee Plan or Benefit Arrangement and each personal services contract,
fringe benefit, consulting contract or similar arrangement with or for the benefit of any
officer, director, employee or other person can be terminated by Company within a period of
30&nbsp;days following the Effective Time of the Merger, without liability to Company or any
Company Subsidiaries. There does not now exist, nor do any circumstances exist that could
result in, any Controlled Group Liability that would be a material liability of the Company
or any of its subsidiaries following the Effective Time. &#147;<U>Controlled Group
Liability</U>&#148; means any and all liabilities (i)&nbsp;under Title IV of ERISA, (ii)&nbsp;under Section
302 of ERISA, (iii)&nbsp;under Sections&nbsp;412 and 4971 of the Code, or (iv)&nbsp;as a result of a
failure to comply with the continuation coverage requirements of Section&nbsp;601 et seq. of
ERISA and Section&nbsp;4980B of the Code.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) All group health plans of Company and Company Subsidiaries have been operated in
compliance with the group health plan continuation coverage requirements of Section&nbsp;4980B of
the Code and with the group health plan portability, access and renewability requirements of
Sections&nbsp;9801 through 9833 of the Code, and corresponding provisions of ERISA, in all
material respects.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Neither Company nor any of the Company Subsidiaries has used the services of (i)
workers who have been provided by a third party contract labor supplier for more than six
months or who may otherwise be eligible to participate in any of the Employee Plans or to an
extent that would result in the disqualification of any of the Employee Plans or the
imposition of penalties or excise taxes with respect to the IRS, the Department of Labor,
the Pension Benefit Guaranty Corporation or any other


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<P align="left" style="margin-left:3%; font-size: 10pt">Governmental Entity; (ii)&nbsp;temporary employees who have worked for more than six months
or who may otherwise be eligible to participate in any of the Employee Plans or to an extent
that would result in the disqualification of any of the Employee Plans or the imposition of
penalties or excise taxes with respect to the IRS, the Department of Labor, the Pension
Benefit Guaranty Corporation or any other Governmental Entity; (iii)&nbsp;individuals who have
provided services to Company or the Company Subsidiaries as independent contractors for more
than six months or who may otherwise be eligible to participate in the Employee Plans or to
an extent that would result in the disqualification of any of the Employee Plans or the
imposition of penalties or excise taxes with respect to the IRS, the Department of Labor,
the Pension Benefit Guaranty Corporation or any other Governmental Entity; or (iv)&nbsp;leased
employees, as that term is defined in section 414(n) of the Code.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) With respect to each Employee Plan that is funded wholly or partially through an
insurance policy, there will be no material liability of Company or the Company
Subsidiaries, as of the Closing Date, under any such insurance policy or ancillary agreement
with respect to such insurance policy in the nature of a retroactive rate adjustment, loss
sharing arrangement or other actual or contingent liability arising wholly or partially out
of events occurring prior to the Closing Date.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Except as set forth in the Company Disclosure Letter, no Company Employee Plan or
Benefit Arrangement provides a gross-up for any Taxes which may be imposed under Section
4999 of the Code relating to parachute payments or for failure to comply with the
requirements of Section&nbsp;409A of the Code.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) As of the date hereof, the compensation information that Company has furnished to
Parent for purposes of calculating the amount of any &#147;excess parachute payments&#148; (within the
meaning of Section&nbsp;280G of the Code) that may be payable in connection with the Merger,
assuming the Merger is consummated in 2005, is true and correct in all respects (except with
respect to any omissions or errors that are in the aggregate de minimis in amount.)


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.21. <U>Corporate Records</U>. The minute books of each of Company and the Company
Subsidiaries which have heretofore been made available to Parent accurately reflect all material
corporate actions taken since January&nbsp;1, 2003 to this date by the respective stockholders, board of
directors and committees of each of Company and the Company Subsidiaries.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.22. <U>Accounting Records</U>. Each of Company and the Company Subsidiaries maintains
accounting records which fairly and accurately reflect, in all material respects, its transactions,
and accounting controls exist sufficient to provide reasonable assurances that such transactions
are, in all material respects, (i)&nbsp;executed in accordance with its management&#146;s general or specific
authorization, and (ii)&nbsp;recorded as necessary to permit the preparation of financial statements in
conformity with GAAP.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.23. <U>Offices and ATMs</U>. Company has furnished to Parent a list (the &#147;<U>Company
Offices List</U>&#148;) setting forth the headquarters of each of Company and the Company Subsidiaries
(identified as such) and, as of the date hereof, each of the offices and automated


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<P align="left" style="font-size: 10pt">teller machines (&#147;<U>ATMs</U>&#148;) maintained and operated by Company or the Company
Subsidiaries (including, without limitation, representative and loan production offices and
operations centers) and the location thereof. Except as set forth on the Company Offices List, as
of the date hereof, neither Company nor any of the Company Subsidiaries maintains any other office
or ATM or conducts business at any other location, and neither Company nor the Company Subsidiaries
has applied for or received permission to open any additional branch or operate at any other
location.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.24. <U>Agreements with Regulators</U>. Except as set forth in the Company Disclosure
Letter, neither Company nor any Subsidiary of Company is a party to any supervisory agreement,
consent decree or memorandum of understanding with, or a party to any commitment letter or similar
undertaking to, or is subject to any cease-and-desist or other similar order or directive by, or is
a recipient of any extraordinary supervisory letter from, or has adopted any board resolutions
specifically applicable to Company or any Subsidiary of Company at the request of, any Governmental
Entity which restricts materially the conduct of its business, or in any manner relates to its
capital adequacy, its credit or risk management policies or its management, nor has Company been
advised by any Governmental Entity that it is contemplating issuing or requesting (or is
considering the appropriateness of issuing or requesting) any such supervisory agreement, decree,
memorandum of understanding, extraordinary supervisory letter, commitment letter, order, directive
or similar submission, or any such board resolutions which would reasonably be expected to have a
Material Adverse Effect.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25. <U>Vote Required</U>. The affirmative vote of the holders of two-thirds of the
outstanding shares of Company Stock to adopt this Agreement is the only vote of the holders of any
class or series of Company capital stock necessary to approve and adopt this Agreement and the
transactions contemplated hereby (including the Merger).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.26 <U>Power of Attorney</U>. Neither Company nor any of the Company Subsidiaries has
granted any Person a power of attorney or similar authorization that is presently in effect or
outstanding except in the ordinary course of business consistent with prior practice.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.27. <U>Facts Affecting Regulatory Approvals</U>. To the best knowledge of Company, there
is no fact, event or condition applicable to Company or the Company Subsidiaries which will, or
reasonably could be expected to, adversely affect the likelihood of securing, or unduly delay the
receipt of, the requisite approvals or consents of any Governmental Entity to the Merger and the
transactions contemplated by this Agreement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.28. <U>Indemnification</U>. Other than pursuant to the provisions of their respective
Certificate of Incorporation or Articles of Association, as the case may be, or Bylaws, or as
disclosed in the Company Disclosure Letter, the Company SEC Filings, the Merrill Lynch Agreement,
the Sandler O&#146;Neill Agreement, the Scheduled Contracts, or pursuant to non-material leases, vendor
or other similar contracts entered into in the ordinary course of business, neither Company nor any
of the Company Subsidiaries is a party to any indemnification agreement with any of its present or
past officers, directors, employees, agents or other persons who serve or served in any other
capacity with any other enterprise at the request of Company or the Company Subsidiaries
(&#147;<U>Covered Parties</U>&#148;), and, to the best knowledge of Company, there are no claims for which
any Covered Party would be entitled to indemnification by Company or the Company Subsidiaries if
such provisions were deemed in effect.


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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.29. <U>Regulatory Capitalization</U>. Bank is, and immediately prior to the Effective Time
of the Merger will be, &#147;well capitalized,&#148; as such term is defined in the rules and regulations of
the OTS, and is, and will be at such time, in full compliance with any capital commitments to the
OTS.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.30. <U>Derivative Transactions</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except as would not have, or would not reasonably be expected to have, a Material
Adverse Effect, all Derivative Transactions (as defined herein) entered into by Company or
any of its Subsidiaries were entered into in accordance with applicable rules, regulations
and policies of any Governmental Entity, and in accordance with the investment, securities,
commodities, risk management and other policies, practices and procedures employed by
Company and the Company Subsidiaries, and were entered into with counterparties who were
believed at the time to be financially responsible and able to understand (either alone or
in consultation with their advisers) and to bear the risks of such Derivative Transactions;
and Company and each of its Subsidiaries have duly performed all of their obligations under
the Derivative Transactions to the extent that such obligations to perform have accrued,
and, to Company&#146;s knowledge, there are no material breaches, violations or defaults or
allegations or assertions of such by any party thereunder. Company and the Company
Subsidiaries have adopted policies and procedures consistent with the publications of
applicable Governmental Entities with respect to their derivatives programs.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) For purposes of this Section&nbsp;4.30, &#147;<U>Derivative Transactions</U>&#148; means any swap
transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap
transaction, floor transaction or collar transaction relating to one or more currencies,
commodities, bonds, equity securities, loans, interest rates, credit-related events or
conditions or any indexes, or any other similar transaction or combination of any of these
transactions, including collateralized mortgage obligations or other similar instruments or
any debt or equity instruments evidencing or embedding any such types of transactions, and
any related credit support, collateral or other similar arrangements related to such
transactions; provided that, for the avoidance of doubt, the term &#147;<U>Derivative
Transactions</U>&#148; shall not include any Company Stock Options.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.31. <U>Trust Powers</U>. Bank does not presently maintain trust or exercise trust powers,
nor does any other Subsidiary of Company.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.32. <U>Disclosure Documents and Applications</U>. None of the information supplied or to
be supplied by Company in writing (&#147;<U>Company Supplied Information</U>&#148;) for inclusion in any
documents to be filed with the SEC, the FDIC, the OTS, the FRB, the DFI or any other Governmental
Entity in connection with the transactions contemplated in this Agreement, will, at the respective
times such documents are filed or become effective, or with respect to the Proxy Statement when
mailed, with respect to the Company Supplied Information, contain any untrue statement of a
material fact, or omit to state any material fact required to be stated therein or necessary in
order to make the statements therein, in light of the circumstances under which they were made, not
misleading.


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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.33. <U>Intellectual Property</U>. To the best knowledge of Company, Company and the
Company Subsidiaries own or have a valid license to use all patents, trade secrets, trademarks,
trade names and service marks (including any registrations or applications for registration of any
of the foregoing) (collectively, &#147;<U>Company Intellectual Property</U>&#148;) necessary to carry on
their business substantially as currently conducted, except where such failures to own or validly
license such Company Intellectual Property would not, individually or in the aggregate, reasonably
be expected to have a Material Adverse Effect. Other than in respect of Intellectual Property
licensed in the ordinary course of business, neither Company nor any of the Company Subsidiaries
has any obligation to compensate any Person for the use of any of the Company Intellectual Property
and Company has not granted to any Person any license, option or other rights to use in any manner
any of the Company Intellectual Property, whether requiring the payment of royalties or not. The
Company Intellectual Property will not be impaired by reason of the performance of this Agreement
or the consummation of the transactions contemplated hereby, except as would not, individually or
in the aggregate, in either such case, would reasonably be expected to have a Material Adverse
Effect. Neither Company nor any of the Company Subsidiaries has received any notice of
infringement of or conflict with, and to Company&#146;s knowledge, there are no infringements of or
conflicts with, the rights of others with respect to the use of any Company Intellectual Property
that, individually or in the aggregate, in either such case, would reasonably be expected to have a
Material Adverse Effect.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.34. <U>State Takeover Laws; Company Rights Plan</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No &#147;fair price,&#148; &#147;moratorium,&#148; &#147;control share acquisition&#148; or other similar
anti-takeover statute or regulation (each, a &#147;<U>Takeover Statute</U>&#148;) or, any
anti-takeover provision in the Articles or Certificate of Incorporation or Bylaws of Company
or any Subsidiary is, or at the Effective Time of the Merger will be, applicable to the
Merger or any other transactions contemplated by this Agreement.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Company has no stockholder rights plan, &#147;poison pill&#148; or other similar plan, such
previously existing plan of Company having been terminated effective February&nbsp;28, 2005.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.35. <U>Registration Obligation</U>. Neither Company nor any of the Company Subsidiaries is
under any obligation, contingent or otherwise, to register any of their respective securities under
the Securities Act, other than Company Stock issued or issuable under Company&#146;s equity compensation
plans.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.36. <U>Opinions of Merrill Lynch &#038; Co., Inc. and Sandler O&#146;Neill &#038; Partners, L.P.</U>
Company has received the opinions of Merrill Lynch &#038; Co., Inc. and Sandler O&#146;Neill &#038; Partners,
L.P., dated as of the date hereof, to the effect that, based upon and subject to the matters set
forth in the opinions, the Merger Consideration, in combination with the special $0.50 dividend to
be declared by Company immediately prior to the Closing, is fair from a financial point of view to
the holders of the Company Stock.



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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.37. <U>Loans; Investments</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) (i)&nbsp;The Company Disclosure Letter sets forth all evidences of indebtedness
reflected as assets on the books and records of Company and its Subsidiaries
(&#147;<U>Loans</U>&#148;) by Company and the Company Subsidiaries to executive officers (as such
term is defined in Part&nbsp;215 of Title 12 of the Code of Federal Regulations) of Company or
any of the Company Subsidiaries; (ii)&nbsp;there are no Loans to any employee, officer, director
of other Affiliate of Company or any of the Company Subsidiaries on which the borrower is
paying a rate other than that reflected in the note or the relevant credit agreement or on
which the borrower is paying a rate which was below market at the time the Loan was made;
and (iii)&nbsp;except as listed on the Company Disclosure Letter, all such Loans are and were
made in compliance in all material respects with all
applicable Laws, are evidenced in all material respects by appropriate and sufficient
documentation and, to Company&#146;s knowledge, each constitutes the legal, valid and binding
obligation of the obligor named therein, subject to bankruptcy, liquidation, receivership,
conservatorship, insolvency, moratorium, or other similar laws affecting the rights of
creditors generally and by general equitable principles.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each outstanding Loan and each commitment to extend credit has been solicited and
originated and is administered and serviced in all material respects in accordance with the
relevant loan documents, Company&#146;s underwriting standards and with all applicable
requirements of Laws.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Except as set forth on the Company Disclosure Letter, none of the agreements
pursuant to which Company or any of the Company Subsidiaries has sold Loans or pools of
Loans or participations in Loans or pools of Loans contains any obligation to repurchase or
substitute such Loans or interests therein solely on account of a payment default by the
obligor on any such Loan.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each of Company and Bank is approved by and is in good standing: (i)&nbsp;as a
supervised mortgagee by the Department of Housing and Urban Development (&#147;<U>HUD</U>&#148;) to
originate and service Title I and Title I FHA mortgage loans; (ii)&nbsp;as a GNMA I and II Issuer
by the Government National Mortgage Association (&#147;<U>Ginnie Mae</U>&#148;); (iii)&nbsp;by the
Veteran&#146;s Administration (&#147;<U>VA</U>&#148;) to originate and service VA loans; and (iv)&nbsp;as a
seller/servicer by Federal National Mortgage Association (&#147;<U>Fannie Mae</U>&#148;) and the
Federal Home Loan Mortgage Corporation (&#147;<U>Freddie Mac</U>&#148;) to originate and service
conventional residential and multi-family mortgage loans.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Except for indemnity agreements with any of such persons entered into in the
ordinary course of business consistent with prior practice, none of Company or any of the
Company Subsidiaries is now nor has ever been subject to any fine, suspension, settlement or
other agreement or other administrative agreement or sanction by, or any obligation to
indemnify, HUD, Ginnie Mae, VA, Fannie Mae, Freddie Mac or other investor, or any federal or
state agency relating to the origination, sale or servicing of mortgage or consumer loans.


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<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Each of Company and the Company Subsidiaries is in compliance in all material
respects with all applicable Laws pertaining to its or their lending activities, including,
without limitation, the Truth-In-Lending Act and Regulation&nbsp;Z, the Equal Credit Opportunity
Act and Regulation&nbsp;B, the Real Estate Settlement Procedures Act and Regulation&nbsp;X, the Fair
Credit Reporting Act, the Fair Debt Collection Practices Act, the Office of Foreign Asset
Control rules and regulations and all HUD, Ginnie Mae, Fannie Mae, Freddie Mac, other
investor and mortgage insurance company requirements relating to the origination, sale and
servicing of mortgage and consumer loans.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) All United States Treasury securities, obligations of other United States
Government agencies and corporations, obligations of States of the United States and their
political subdivisions, and other investment securities classified as &#147;held to maturity&#148; and
&#147;available for sale&#148; held by Company, Bank and the Company Subsidiaries
(other than Bank), as reflected in the Financial Statements of Company, were classified
and accounted for in accordance with Statement of Financial Accounting Standards No.&nbsp;115 and
the intentions of management.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.38. <U>Allowance for Loan Losses</U>. Company&#146;s allowance for loan losses was determined
by application of Company&#146;s policies and procedures, as those policies and procedures may have been
amended from time to time in the ordinary course of business, on a basis consistently applied from
prior periods and represents management&#146;s good faith estimate of reasonably expectable losses, net
of recoveries relating to loans and leases previously charged off, on loans and leases outstanding
(including accrued interest receivable) as of that date.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.39. <U>Compliance with Servicing Obligations</U>. Company and the Company Subsidiaries are
in compliance in all material respects with all contract, agency and investor requirements and
guidelines, and all applicable Laws, relating to the servicing and administration of loans by them,
or any of them, including properly and timely making interest rate adjustments to adjustable rate
loans.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.40. <U>Fiduciary Responsibilities</U>. Company and the Company Subsidiaries have performed
in all material respects all of their respective duties as a trustee, custodian, guardian or as an
escrow agent in a manner which complies in all material respects with all applicable Laws.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.41. <U>Controls and Procedures</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each of the principal executive officer and the principal financial officer of
Company (or each former principal executive officer and former principal financial officer
of Company, as applicable) has made all certifications required under Sections&nbsp;302 and 906
of the Sarbanes-Oxley Act of 2002 and the related rules and regulations promulgated
thereunder and under the Exchange Act (collectively, the &#147;<U>Sarbanes-Oxley Act</U>&#148;) with
respect to the Company SEC Documents, and Company has delivered to Parent a summary of any
disclosure made by management to Company&#146;s auditors and audit committee since January&nbsp;1,
2003 referred to in such certifications. For purposes of the preceding sentence, &#147;principal
executive officer&#148; and &#147;principal financial officer&#148; shall have the meanings given to such
terms in the Sarbanes-Oxley Act.


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<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Company has (i)&nbsp;designed and maintained disclosure controls and procedures (as
defined in Rule&nbsp;13a-15(e) under the Exchange Act) to ensure that material information
required to be disclosed by Company in the reports it files or furnishes under the Exchange
Act is communicated to its management by others within those entities as appropriate to
allow timely decisions regarding required disclosure, (ii)&nbsp;disclosed, based on its most
recent evaluation, to its auditors and the audit committee of its Board of Directors (A)&nbsp;any
significant deficiencies or material weaknesses in the design or
operation of internal controls over financial reporting which could adversely affect
its ability to record, process, summarize and report financial data and (B)&nbsp;any fraud,
whether or not material, that involves management or other employees who have a significant
role in its internal controls over financial reporting and (iii)&nbsp;identified for Company&#146;s
auditors any material weaknesses in internal controls. Company has provided to Parent true
and correct copies of any of the foregoing disclosures to the auditors or audit committee
that have been made in writing from January&nbsp;1, 2003 through the date hereof, and will
promptly provide to Parent true and correct copies of any such disclosure that is made after
the date hereof.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Company has designed and maintains a system of internal controls over financial
reporting (as defined in Rule&nbsp;13a-15(f) under the Exchange Act) sufficient to provide
reasonable assurance concerning the reliability of financial reporting and the preparation
of financial statements for external purposes in accordance with GAAP, including reasonable
assurance (i)&nbsp;that transactions are executed in accordance with management&#146;s general or
specific authorizations and recorded as necessary to permit preparation of financial
statements in conformity with GAAP and to maintain asset accountability and (ii)&nbsp;regarding
prevention or timely detection of any unauthorized acquisition, use or disposition of assets
that could have a material effect on Company&#146;s financial statements. Company&#146;s management,
with the participation of Company&#146;s principal executive and financial officers, has
completed an assessment of the effectiveness of Company&#146;s internal controls over financial
reporting in compliance with the requirements of Section&nbsp;404 of the Sarbanes-Oxley Act for
the year ended December&nbsp;31, 2004, and such assessment concluded that such internal controls
were effective using the framework specified in the Company&#146;s Annual Report on Form 10-K for
the fiscal year ended December&nbsp;31, 2004.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) No personal loan or other extension of credit by Company or any Company Subsidiary
to any of its or their executive officers or directors has been made or modified (other than
as permitted by Section&nbsp;13 of the Exchange Act and Section&nbsp;402 of the Sarbanes-Oxley Act)
since July&nbsp;31, 2002.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Since January&nbsp;1, 2003, (i)&nbsp;neither Company nor any of the Company Subsidiaries nor,
to Company&#146;s knowledge, any director, officer, employee, auditor, accountant or
representative of Company or any of the Company Subsidiaries has received any written
complaint, allegation, assertion, or claim that Company or any of the Company Subsidiaries
has engaged in improper or illegal accounting or auditing practices or maintains improper or
inadequate internal accounting controls and (ii)&nbsp;no attorney representing Company or any of
the Company Subsidiaries, whether or not employed by Company or any of the Company
Subsidiaries, has reported evidence of a


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<P align="left" style="margin-left:3%; font-size: 10pt">material violation of U.S. federal or state
securities Laws, a material breach of fiduciary duty or similar material violation by
Company, any of the Company Subsidiaries or any of their respective officers, directors,
employees or agents to any officer of Company, the Board of Directors of Company or any
member or committee thereof. For purposes of this Agreement, &#147;knowledge&#148; of any Person
means the actual knowledge of any officer (as such term is defined in Rule&nbsp;16a-1(f) under
the Exchange Act) of such Person.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.42. <U>CRA, Anti-Money Laundering, OFAC and Customer Information Security</U>. Bank has
received a rating of &#147;Outstanding&#148; in its most recent examination or interim review with respect to
the Community Reinvestment Act (&#147;<U>CRA</U>&#148;). Neither Company nor Bank is aware of, has been
advised of, or has reason to believe (because of Bank&#146;s Home Mortgage Disclosure Act
(&#147;<U>HMDA</U>&#148;) data for the year ended December&nbsp;31, 2004 filed with the OTS on or prior to March
1, 2005, or otherwise) that any facts or circumstances exist, which would cause Bank or any other
Company Subsidiary: (i)&nbsp;to be deemed not to be in satisfactory compliance in any material respect
with the CRA, and the regulations promulgated thereunder, or to be assigned a rating for CRA
purposes by federal or state bank regulators of lower than &#147;satisfactory&#148;; or (ii)&nbsp;to be deemed to
be operating in violation in any material respect of the Bank Secrecy Act, the Patriot Act, any
order issued with respect to anti-money laundering by the U.S. Department of the Treasury&#146;s Office
of Foreign Assets Control, or any other applicable anti-money laundering statute, rule or
regulation (collectively, the &#147;anti-money laundering laws&#148;); or (iii)&nbsp;to be deemed not to be in
satisfactory compliance in any material respect with the applicable privacy of customer information
requirements contained in any federal and state privacy laws and regulations, including without
limitation, in Title V of the Gramm-Leach-Bliley Act of 1999 and the regulations promulgated
thereunder, as well as the provisions of the information security program adopted by Bank pursuant
to 12 C.F.R. Part&nbsp;570. Neither Company nor Bank is aware of any facts or circumstances which would
cause either to believe that any non-public customer information has been disclosed to or accessed
by an unauthorized third party in a manner which would cause either Company or Bank or any other
Company Subsidiary to undertake any remedial action, except for such facts or circumstances,
individually or in the aggregate, as would not reasonably be expected to have a Material Adverse
Effect. The board of directors of Bank (or where appropriate of any other Company Subsidiary) has
adopted, and Bank (or such other Company Subsidiary) has implemented, an anti-money laundering
program that contains adequate and appropriate customer identification verification procedures that
comply with Section&nbsp;326 of the Patriot Act and such anti-money laundering program meets the
requirements in all material respects of Section&nbsp;352 of the Patriot Act and the regulations
thereunder, and Bank (or such other Company Subsidiary) has complied in all material respects with
any requirements to file reports and other necessary documents as required by the Patriot Act and
the regulations thereunder.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.43. <U>Investment Management and Related Activities</U>. Except as set forth in the
Company Disclosure Letter, none of Company, any of the Company Subsidiaries or Company&#146;s or the
Company Subsidiaries&#146; directors, officers or employees is required to be registered, licensed or
authorized under any applicable Law as an investment adviser, a broker, dealer, an insurance agency
or company, a commodity trading adviser, a commodity pool operator, a futures commission merchant,
an introducing broker, a registered representative or associated person, investment adviser,
representative or solicitor, a counseling officer, an insurance agent or broker, a sales person or
in any similar capacity with a Governmental Entity.


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<P align="center" style="font-size: 10pt">ARTICLE 5.



<P align="center" style="font-size: 10pt"><U>REPRESENTATIONS AND WARRANTIES OF PARENT</U>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent represents and warrants to Company as follows, except as set forth in the Parent
Disclosure Letter:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1. <U>Incorporation, Standing and Power</U>. Parent has been duly organized, is validly
existing and in good standing as a corporation under the laws of the State of California. Parent
is duly licensed to conduct a commercial banking business under the laws of the State of California
and its deposits are insured by the FDIC in the manner and to the fullest extent permitted under
applicable law. Merger Sub has been duly organized, is validly existing and in good standing as a
corporation under the laws of the State of Nebraska. Merger Sub has conducted no business or
operations and has no material liabilities other than its obligations under this Agreement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2. <U>Authority</U>. The execution and delivery by Parent of this Agreement, and the
consummation of the transactions contemplated hereby have been duly and validly authorized by all
necessary corporate action on the part of Parent. The execution and delivery by Merger Sub of this
Agreement, and the consummation of the transactions contemplated hereby, have been duly and validly
authorized by all necessary corporate action on the part of Merger Sub. Except for the approval
described in Section&nbsp;5.3 and previously obtained, no other corporate actions or proceedings by any
affiliate or any direct or indirect stockholder of Parent is required in connection with the
execution and delivery by Parent and Merger Sub of this Agreement or the consummation of the
transactions contemplated hereby. This Agreement is a valid and binding obligation of Parent and
Merger Sub, in each case enforceable in accordance with its terms, except as the enforceability
thereof may be limited by bankruptcy, liquidation, receivership, conservatorship, insolvency,
moratorium or other similar Laws affecting the rights of creditors generally and by general
equitable principles. Neither the execution and delivery by Parent or Merger Sub of this
Agreement, the consummation of the transactions contemplated herein, nor compliance by Parent and
Merger Sub with any of the provisions hereof, will: (a)&nbsp;conflict with or result in a breach of any
provision of its respective Certificate of Incorporation, as amended, or Bylaws, as amended; (b)
constitute a breach of or result in a default (or give rise to any rights of termination,
cancellation or acceleration, or any right to acquire any securities or assets) under any of the
terms, conditions or provisions of any note, bond, mortgage, indenture, franchise, license, permit,
agreement or other instrument or obligation to which Parent or any Subsidiary of Parent is a party,
or by which Parent or any Subsidiary of Parent or any of its properties or assets is bound (except
as would not be reasonably likely to have a material adverse effect on the ability of Parent and
Merger Sub to consummate the transactions contemplated by this Agreement); or (c)&nbsp;violate any
order, writ, injunction, decree, statute, rule or regulation applicable to Parent or any Subsidiary
of Parent or any of its respective properties or assets. No consent of, approval of, notice to or
filing with any Governmental Entity having jurisdiction over
any aspect of the business or assets of Parent or any of its Subsidiaries, or any of their
Affiliates or direct or indirect stockholders, and no consent of, approval of or notice to any
other Person, is required in connection with the execution and delivery by Parent or Merger Sub of
this Agreement or the Merger Agreement, or the consummation by Parent and Merger Sub of the Merger
or the Subsequent Mergers or the


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<P align="left" style="font-size: 10pt">transactions contemplated hereby or thereby, except (i)&nbsp;the
approval of this Agreement by the stockholders of Company (including the filing of the Proxy
statement with the SEC); (ii)&nbsp;the approval of the FDIC under the Bank Merger Act; (iii)&nbsp;the
approval of the OTS under 12 C.F.R. &#167; 574.7 and 563.22(b)(i) and (h)(1); (iv)&nbsp;the approval of the
DFI under the CFC; (v)&nbsp;the filing of a notice with the FRB under 12 C.F.R. &#167; 225.12(d)(2); (vi)&nbsp;the
filing of the Articles of Merger with the Secretary of State of the State of Nebraska; (vii)&nbsp;with
respect to the Subsequent Mergers, the filing of the Merger Agreement (or the articles of merger
provided for therein) with the Secretaries of State of the States of California and Nebraska and
the DFI; (viii)&nbsp;filings under U.S. state corporate, banking, securities, insurance or other laws in
U.S. states where the Company or any Company Subsidiary maintains offices or transacts business;
and (ix)&nbsp;any filings required to be made with the U.S. Federal Trade Commission or Department of
Justice.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3. <U>Parent Stockholder Consent</U>. BancWest, acting as the controlling stockholder of
Parent, has approved this Agreement and the transactions contemplated hereby.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4. <U>Financing</U>. Parent has available sufficient cash or other liquid assets or
financial resources which may be used to fund the Merger and perform its other obligations
hereunder.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5. <U>Litigation</U>. No claim, action, proceeding or investigation is pending or, to the
knowledge of Parent, threatened, that seeks to delay or prevent the consummation of, or that would
be reasonably likely to materially adversely affect Parent&#146;s or Merger Sub&#146;s ability to consummate
the transactions contemplated by this Agreement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.6. <U>Compliance with Laws and Regulations</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Neither Parent nor any of its Subsidiaries is in violation of any Law, except for
such violations as would not have, or would not reasonably be expected to have, individually
or in the aggregate, a Material Adverse Effect. Except for routine examinations by
Governmental Entities charged with the supervision or regulation of banking organizations,
to the knowledge of Parent, no investigation or inquiry by any Governmental Entity with
respect to Parent or any of its Subsidiaries is pending or threatened other than, in each
case, those the outcome of which, individually or in the aggregate, would not have a
Material Adverse Effect.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Parent is not aware of, has not been advised of, and has no reason to believe that
any facts or circumstances exist, which would cause Parent or any its Subsidiaries to be
deemed to be operating in violation in any material respect of the anti-money laundering
laws, or to be deemed not to be in satisfactory compliance in any material respect with the
applicable privacy of customer information requirements contained in any federal and state
privacy laws and regulations, including without limitation, in Title V of the
Gramm-Leach-Bliley Act of 1999 and the regulations promulgated thereunder. The board of
directors of Parent has adopted and has implemented, an anti-money laundering program that
contains adequate and appropriate customer identification verification procedures that
comply with Section&nbsp;326 of the Patriot Act and such anti-money laundering program meets the
requirements in all material respects of Section&nbsp;352 of the Patriot Act and the regulations
thereunder and


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<P align="left" style="margin-left:3%; font-size: 10pt">Parent has complied in all material respects with any requirements to file
reports and other necessary documents as required by the Patriot Act and the regulations
thereunder. Parent is not aware of any facts or circumstances which would cause it to
believe that any non-public customer information has been disclosed to or accessed by an
unauthorized third party in a manner which would cause Parent to undertake any remedial
action, except for such facts or circumstances, individually or in the aggregate, as would
not reasonably be expected to have a Material Adverse Effect.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.7. <U>BNP Paribas&#146; Status as FHC</U>. BNP Paribas has duly elected to become, and meets
the applicable requirements for qualification as, a financial holding company pursuant to Section
4(l) of the BHC Act. To Parent&#146;s knowledge, there are no facts or circumstances that are
reasonably likely to result in BNP Paribas ceasing to meet any such requirements.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.8. <U>Agreements with Regulators</U>. Neither Parent nor any of its Subsidiaries, nor
BancWest, is a party to any supervisory agreement, consent decree or memorandum of understanding
with, or a party to any commitment letter or similar undertaking to, or is subject to any
cease-and-desist or other order or directive by, or is a recipient of any extraordinary supervisory
letter from, or has adopted board resolutions at the request of, any Governmental Entity other than
in each case, which, individually or in the aggregate, would not have a Material Adverse Effect,
nor has Parent been advised by any Governmental Entity that it is contemplating issuing or
requesting (or is considering the appropriateness of issuing or requesting) any such supervisory
agreement, decree, memorandum of understanding, extraordinary supervisory letter, commitment
letter, order, directive or similar submission, or any such board resolutions which would
reasonably be expected to have a Material Adverse Effect.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.9. <U>Brokers and Finders</U>. Parent is not a party to or obligated under any agreement
with any broker or finder relating to the transactions contemplated hereby, and neither the
execution of this Agreement nor the consummation of the transactions provided for herein will
result in any liability to any broker or finder.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.10. <U>Facts Affecting Regulatory Approvals</U>. To the best knowledge of Parent, there is
no fact, event or condition applicable to Parent or any of its Subsidiaries, or any of their
Affiliates or direct or indirect stockholders, which will, or reasonably could be expected to,
adversely affect the likelihood of promptly securing, or unduly delay the receipt of, the requisite
approvals or consents of any Governmental Entity to the Merger and the transactions contemplated by
this Agreement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.11. <U>CRA</U>. Parent has received a rating of &#147;satisfactory&#148; in its most recent
examination or interim review with respect to the CRA. Parent has not been advised of any material
supervisory concerns regarding Parent&#146;s compliance with the Community Reinvestment Act. Parent is
not aware of, has not been advised of, and has no reason to believe (because of Parent&#146;s December
31, 2004 HMDA data filed with the FDIC on or prior to March&nbsp;1, 2005, or otherwise) that any facts
or circumstances exist, which would cause Parent to be deemed not to be in satisfactory compliance
in any material respect with the CRA or the regulations thereunder or to be assigned a rating for
CRA purposes of lower than &#147;satisfactory.&#148;


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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.12. <U>Accuracy of Information Furnished for Company Proxy Statement and Other Filings</U>.
None of the information supplied or to be supplied by Parent in writing (&#147;<U>Parent Supplied
Information</U>&#148;) for inclusion in any documents to be filed by Company with the SEC, the FDIC, the
OTS, or any other Governmental Entity in connection with the transactions contemplated in this
Agreement, will, at the respective times such documents are filed or become effective, or with
respect to the Proxy Statement when mailed, with respect to the Parent Supplied Information,
contain any untrue statement of a material fact, or omit to state any material fact required to be
stated therein or necessary in order to make the statements therein, in light of the circumstances
under which they were made, not misleading.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.13. <U>Investment in Company Shares</U>. Neither Parent nor Merger Sub nor any Affiliate
of Parent or Merger Sub owns or controls, directly or indirectly, any capital stock of Company,
other than in accordance with and as permitted by the Confidentiality Agreement.


<P align="center" style="font-size: 10pt">ARTICLE 6.



<P align="center" style="font-size: 10pt"><U>COVENANTS OF COMPANY PENDING EFFECTIVE TIME OF THE MERGER</U>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company covenants and agrees with Parent and Merger Sub as follows:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1. <U>Limitation on Conduct Prior to Effective Time of the Merger</U>. Between the date hereof and the earlier of the Effective Time of the Merger or the
termination of the Agreement, except as contemplated by this Agreement and subject to requirements
of Law, Company agrees to conduct its business (and to cause the Company Subsidiaries to conduct
their respective businesses) in the ordinary course in substantially the manner heretofore
conducted and in accordance with sound banking practices, and Company shall not (and shall cause
the Company Subsidiaries to not), except as provided in Section&nbsp;6.1 of the Company Disclosure
Letter, without the prior written consent of Parent:



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) issue, sell or grant any Company Stock (except pursuant to the exercise of Company
Stock Options outstanding as of the date hereof), any other securities (including long term
debt) of Company or the Company Subsidiaries, or any rights, stock appreciation rights,
options or securities to acquire any Company Stock, or any other securities (including long
term debt) of Company or the Company Subsidiaries or enter into any agreements to take any
such actions;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) (i)&nbsp;other than dividends by a direct or indirect wholly-owned Subsidiary of
Company to its parent, declare, set aside or pay any dividend or make any other distribution
upon any of the capital stock of Company or the Company Subsidiaries; <U>provided</U>,
<U>however</U>, that Company may declare and pay the regular quarterly cash dividend in
respect of the second fiscal quarter of 2005 which shall not exceed $0.145 per share of
Company Stock, and for fiscal quarters thereafter, consistent with its customary
declaration, record and payment dates, regular quarterly cash dividends in respect of each
fully completed fiscal quarter prior to the Closing Date, not to exceed the lesser of (x)
$0.145 per share of Company Stock or (y)&nbsp;an amount per share of Company Stock equal to the
quotient obtained by dividing (A)&nbsp;50% of the Average Net Income of Company (where
&#147;<U>Average Net Income</U>&#148; is equal to the quotient obtained by dividing


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<P align="left" style="margin-left:3%; font-size: 10pt">(a)&nbsp;the sum of the net income of Company (1)&nbsp;for the fiscal quarter in respect of which the dividend has
been declared and (2)&nbsp;the immediately preceding fiscal quarter by (b)&nbsp;two) by (B)&nbsp;the number
of outstanding shares of Company Stock on the record date for such dividend, determined in
each case without regard to any expenses or costs associated with or arising as a result of
transactions contemplated by this Agreement or any non-recurring charges that would not
reasonably be expected to have been incurred had the transactions contemplated by this
Agreement not occurred); <U>provided</U>, <U>further</U>, <U>however</U>, that in
addition to any other dividends and distributions permitted by this Agreement, the Company
may also declare and pay, immediately prior to the Closing, a special cash dividend in an
amount not to exceed $0.50 per share of Company Stock (the &#147;<U>Special Dividend</U>&#148;); or
(ii)&nbsp;split, combine or reclassify any shares of capital stock or other securities of Company
or the Company Subsidiaries;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) purchase, redeem or otherwise acquire any capital stock or other securities of
Company or the Company Subsidiaries or any rights, options, or securities to acquire any
capital stock or other securities of Company or the Company Subsidiaries (other than the
redemption upon maturity of Company&#146;s subordinated notes, acquisitions of Company Stock
pursuant to cashless exercise provisions of any Company Stock Options or pursuant to the
surrender of shares to Company or the withholding of shares by Company to cover tax
withholding obligations under Company Stock Plans, and the
issuance of Company Stock upon the exercise of Company Stock Options that are
outstanding as of the date hereof in accordance with their present terms);



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) except as may be required to effect the transactions contemplated herein, amend its
Articles of Incorporation, as the case may be, or Bylaws;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) grant any general or uniform increase in the rate of pay of employees or employee
benefits;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) except as provided in the Company Disclosure Letter and in Section&nbsp;12.1, grant any
increase in salary, incentive compensation or employee benefits or pay any bonus to any
Person or voluntarily accelerate the vesting of any employee benefits, other than payments
of bonuses consistent with past practice pursuant to plans in effect on the date hereof and
disclosed in the Company Disclosure Letter and increases in salary consistent with the
Company&#146;s Compensation Guidelines for 2005 to Persons eligible for such salary increases,
provided that the percentage increase in salaries for all such Persons shall not exceed 3.5
percent on average and other than a retention bonus (the &#147;<U>Special Retention Bonus</U>&#148;)
which may be paid to the holders of the Company Stock Options and Company Awards (other than
restricted shares of Company Stock) which shall be outstanding immediately prior to the
Effective Time of the Merger in an amount which shall be equal to the product of (x) $0.50
and (y)&nbsp;the number of shares of Company Stock which shall be subject to each such
outstanding Company Stock Option and Company Award;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) make any capital expenditure or commitments with respect thereto in excess of
$250,000 with respect to any item or project or in the aggregate with respect


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<P align="left" style="margin-left:3%; font-size: 10pt">to any related items or projects, except for capital expenditures described in the Company Disclosure
letter and ordinary repairs, renewals and replacements;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) compromise or otherwise settle or adjust any assertion or claim of a material
deficiency in taxes (or interest thereon or penalties in connection therewith), extend the
statute of limitations with any tax authority or file any pleading in court in any tax
litigation or any appeal from an asserted deficiency, or file or amend any income or other
material federal, foreign, state or local tax return, or make any material tax election that
is inconsistent with Company&#146;s current tax election practices or that concerns a matter as
to which the Company has no current tax election practice;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) change its tax or accounting policies and procedures or any method or period of
accounting unless required by GAAP, regulatory accounting principles, changes in Law or a
Governmental Entity;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) other than in the ordinary course and in compliance with applicable Law, grant or
commit to grant any extension of credit or amend the terms of any such credit outstanding on
the date hereof to any executive officer, director or holder of 10% or more of the
outstanding Company Stock, or any Affiliate of such Person;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) close or relocate any offices at which business is conducted or open any new
offices, except as described in the Company Disclosure Letter;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) except as provided in the Company Disclosure Letter and in Section&nbsp;12.1, adopt or
enter into any new employment agreement or other employee benefit plan or arrangement or
amend or modify any employment agreement or employee benefit plan or arrangement of any such
type except for such amendments as are required by Law;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) grant any Person a power of attorney or similar authority, other than in the
ordinary course of business consistent with past practice;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) make any investment by purchase of stock or securities (including an Investment
Security), contributions to capital, property transfers or otherwise in any other Person,
except for federal funds, obligations of the United States Treasury or an agency of the
United States Government the obligations of which are entitled to or implied to have the
full faith and credit of the United States government and which have an original maturity
not in excess of one year, bank qualified investment grade municipal bonds, in any case, in
the ordinary course of business consistent with past practices and which are not designated
as trading;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) amend, modify or renew any Scheduled Contract or enter into any agreement or
contract that would be required to be a Scheduled Contract under Section&nbsp;4.15;
<U>provided</U>, that Company and any Company Subsidiary may (i)&nbsp;renew an existing
Scheduled Contract in the ordinary course of business on substantially equivalent terms if
the total obligation of the Company and any Company Subsidiary thereunder (including any
cancellation or termination payments or the effect of any required minimum notice periods
prior to cancellation or termination) shall not exceed $500,000,


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<P align="left" style="margin-left:3%; font-size: 10pt">and (ii)&nbsp;enter into ordinary course business and operations transaction agreements that (A)&nbsp;do not restrict
Company or the Company Subsidiaries (or any Affiliate of Company or the Company Subsidiaries
or the Surviving Corporation (including Merger Sub and its Subsidiaries) after the Effective
Time of the Merger) from competing in any line of business with any Person or using or
employing the services of any Person or (B)&nbsp;call for aggregate annual payments of $250,000
or more and is not terminable on 60&nbsp;days or less notice without payment of any material
termination fee or penalty;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) sell, transfer, mortgage, encumber or otherwise dispose of any assets material to
the business or financial position of the Company or any Company Subsidiary or release or
waive any material claim, except in the ordinary course of business and consistent with past
practices;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) take any action which would or could reasonably be expected to (i)&nbsp;materially
adversely affect the ability of Company to obtain any necessary approval of any Governmental
Entity required for the transactions contemplated hereby; (ii)&nbsp;materially adversely affect
Company&#146;s ability to perform its covenants and agreements under this Agreement; or (iii)
result in any of the conditions to the performance of Parent&#146;s or Company&#146;s obligations
hereunder, as set forth in Articles 9, 10 or 11 herein not being satisfied;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) make any special or extraordinary distributions or payments not in the ordinary
course of business to any Person;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) reclassify any Investment Security from held-to-maturity or available for sale to
trading, unless required by changes in GAAP or regulatory accounting requirements applicable
to federal savings banks and their holding companies generally or, other than in the
ordinary course of business and in prior consultation with Parent, restructure or materially
change its investment policies, investment securities portfolio, its hedging strategy or its
gap position, through purchases, sales or otherwise, or the manner in which the portfolio is
classified or reported;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t) sell any security other than in the ordinary course of business, except as provided
in the Company Disclosure Letter;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u) take title to any real property without conducting prior thereto any environmental
investigation ordinarily undertaken consistent with past practice;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) settle any material claim, action or proceeding involving any material liability
for monetary damages or enter into any settlement agreement containing material obligations;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w) make, acquire a participation in, or reacquire an interest in a participation sold
of, any loan, commitment to make a loan or other extension of credit, that is not in
compliance with its normal credit underwriting standards, policies and procedures as in
effect on December&nbsp;31, 2004 or which would involve a credit exposure on the part of Company
or any Company Subsidiary, greater than that set forth in Section&nbsp;6.1(w) of the Company
Disclosure Letter;


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<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) incur any indebtedness for borrowed money or assume, guaranty, endorse or otherwise
as an accommodation become responsible for the obligations of any other person, except for
(i)&nbsp;in connection with banking transactions in the ordinary course of business, (ii)
short-term borrowings (including refinancings thereof) made at prevailing market rates and
terms consistent with prior practice or (iii)&nbsp;interbank borrowings made in the ordinary
course of its banking business or (iv)&nbsp;indebtedness of the Company or any of its
wholly-owned Subsidiaries to the Company or any of its wholly-owned Subsidiaries;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y) enter into any new material line of business;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(z) engage in any material transaction or incur or sustain any material obligation not
in the ordinary course of business consistent with past practice;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(aa) adopt any stockholder rights plan, &#147;poison pill&#148; or similar plan; or



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(bb) agree or make any commitment to take any actions prohibited by this Section&nbsp;6.1.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2. <U>Affirmative Conduct Prior to Effective Time of the Merger</U>. Between the date hereof and the Effective Time of the Merger, Company shall (and shall
cause the Company Subsidiaries to):



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) use its commercially reasonable efforts consistent with this Agreement to maintain
and preserve intact its present business organization and to maintain and preserve its
relationships and goodwill with account holders, borrowers, key employees and others having
business relationships with Company or the Company Subsidiaries;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) use its commercially reasonable efforts to keep in full force and effect all of the
existing material permits and licenses of Company and the Company Subsidiaries;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) use its commercially reasonable efforts to maintain insurance coverage at least
equal to that now in effect on all properties which it owns or leases and on its business
operations;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) use its commercially reasonable efforts to perform its material contractual
obligations and not become in material default on any such obligations;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) use its commercially reasonable efforts to duly observe and conform in all material
respects to all lawful requirements applicable to its business;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) maintain its assets and properties in good condition and repair, normal wear and
tear excepted;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) file all Tax Returns required to be filed with any tax authority in accordance with
all applicable Laws, timely pay all Taxes due and payable as shown in


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<P align="left" style="margin-left:3%; font-size: 10pt">the respective Tax Returns that are so filed and ensure that the Tax Returns will, as of the time of filing, be
based on tax positions that have substantial support under all applicable Laws;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) promptly notify Parent regarding receipt from any tax authority of any written
notification of the commencement of an audit which could involve material financial
consequences for the Company, any request to extend the statute of limitations, any
statutory notice of deficiency, any revenue agent&#146;s report, any notice of proposed
assessment, or any other similar written notification of potential adjustments to the Tax
liabilities or attributes of Company which could involve material financial consequences for
the Company, or any actual or threatened collection enforcement activity of which Company is
aware by any Tax authority with respect to tax liabilities of Company;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) make available to Parent monthly unaudited balance sheets and income statements of
Company and Bank, as soon as available, but in no event later than within 15&nbsp;days after the
end of each calendar month;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) use its commercially reasonable efforts to obtain any third party consent with
respect to any contract, agreement, lease, license, arrangement, permit or release that is
material to the business of Company and the Company Subsidiaries on a
consolidated basis or that is contemplated in this Agreement as required in connection
with the Merger or the Subsequent Mergers;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) maintain an allowance for loan losses consistent with practices and methodology as
in effect on the date of the execution of this Agreement provided that the dollar amount of
such allowance shall be, in any event (but subject to applicable GAAP and regulatory
accounting requirements and Law), maintained at a level which is at least equal to the
amount thereof at December&nbsp;31, 2004; and



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) except as otherwise required by applicable Law, manage Company&#146;s and the Company
Subsidiaries&#146; respective assets and liabilities in all material respects in accordance with
Company&#146;s asset and liability management policy as in effect on the date hereof as
previously disclosed to Parent, unless otherwise agreed by the parties.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3. <U>Access to Information</U>. Company will afford, upon reasonable notice, to Parent
and its representatives, counsel, accountants, agents and employees reasonable access during normal
business hours to all of their business, operations, employees, properties, books, files and
records and will do everything reasonably necessary to enable Parent and its representatives,
counsel, accountants, agents and employees to make a complete examination of the financial
statements, business, assets and properties of Company and the Company Subsidiaries and the
condition thereof and to update such examination at such intervals as Parent shall deem
appropriate. Such examination shall be conducted in cooperation with the officers of Company and
the Company Subsidiaries and in such a manner as to minimize any disruption of, or interference
with, the normal business operations of Company and the Company Subsidiaries. Upon the request of
Parent, and upon Parent&#146;s execution and delivery of a customary waiver, Company will request D&#038;T to
provide reasonable access to representatives of PwC working on


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<P align="left" style="font-size: 10pt">behalf of Parent to auditors&#146; work papers with respect to the business and properties of Company and the Company Subsidiaries,
including tax accrual work papers prepared for Company and the Company Subsidiaries during the
preceding 60&nbsp;months, other than (a)&nbsp;books, records and documents covered by the attorney-client
privilege, or that are attorneys&#146; work product, and (b)&nbsp;books, records and documents that Company
or the Company Subsidiaries are legally obligated to keep confidential. No examination or review
conducted under this section shall constitute a waiver or relinquishment on the part of Parent of
the right to rely upon the representations and warranties made by Company herein. All documents
and information concerning Company and the Company Subsidiaries so obtained from any of them
(except to the extent that such documents or information are a matter of public record or require
disclosure in the Proxy Statement or any of the public portions of any applications required to be
filed with any Governmental Entity to obtain the approvals and consents required to effect the
transactions contemplated hereby), shall be subject to the Confidentiality Agreement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4. <U>Filings</U>. Company agrees that it will use all reasonable efforts through the
Effective Time of the Merger to cause each of Company&#146;s or the Company Subsidiaries&#146; reports, proxy
statements, registrations, statements and other filings required to be filed with any
applicable Governmental Entity will comply in all material respects with all the applicable
statutes, rules and regulations enforced or promulgated by the Governmental Entity with which it
will be filed and none will contain any untrue statement of material fact or omit to state a
material fact required to be stated therein or necessary to make the statements therein, in light
of the circumstances under which they were made, not misleading. Any financial statement contained
in any such report, proxy statement, registration, statement or other filing that is intended to
present the financial position of the entity to which it relates will fairly present the financial
position of such entity and will be prepared in accordance with GAAP or applicable banking
regulations consistently applied during the periods involved.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5. <U>Notices; Reports</U>. Company will promptly notify Parent of any event of which
Company obtains knowledge which has had or may reasonably be expected to have a Material Adverse
Effect, or in the event that Company determines that it is unable to fulfill any of the conditions
to the performance of Parent&#146;s obligations hereunder, as set forth in Articles 9 or 11 herein, and
Company will furnish Parent (i)&nbsp;as soon as available, and in any event within five Business Days
after it is mailed or delivered to the Board of Directors of Company or the Company Subsidiaries or
committees thereof, any report by Company or the Company Subsidiaries for submission to the Board
of Directors of Company or the Company Subsidiaries or committees thereof, relating to any such
Material Adverse Effect or event, <U>provided</U>, <U>however</U>, that Company need not furnish
to Parent communications of Company&#146;s legal counsel regarding Company&#146;s rights and obligations
under this Agreement or the transactions contemplated hereby, or books, records and documents
covered by confidentiality agreements or the attorney-client privilege, or which are attorneys&#146;
work product, (ii)&nbsp;as soon as available, all proxy statements, information statements, financial
statements, reports, letters and communications sent by Company to its stockholders or other
security holders, and, subject to applicable Law, all reports filed by Company or the Company
Subsidiaries with the SEC, the OTS or other Governmental Entities, and (iii)&nbsp;such other existing
reports as Parent may reasonably request relating to Company or the Company Subsidiaries.


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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6. <U>Company Stockholders&#146; Meeting</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) As promptly as practicable after the execution of this Agreement, Company will take
action necessary in accordance with applicable Law and its Articles of Incorporation and
Bylaws to convene a meeting of its stockholders (the &#147;<U>Company Stockholders&#146;
Meeting</U>&#148;) to consider and vote upon the approval of this Agreement and the transactions
contemplated hereby so as to permit the consummation of the transactions contemplated hereby
(such approval, the &#147;<U>Company Stockholder Approval</U>&#148;). Except as permitted by Section
6.6(b) below, the Board of Directors of Company shall recommend approval and adoption of
this Agreement and the Merger by Company&#146;s stockholders (the &#147;<U>Company
Recommendation</U>&#148;) and shall include such recommendation in the Proxy Statement. Unless
permitted by Section&nbsp;6.6(b), neither the Board of Directors of Company nor any committee
thereof shall (i)&nbsp;withdraw, modify or qualify,
or propose publicly to withdraw, modify or qualify, in any manner adverse to Parent,
the approval of this Agreement, the Merger or the Company Recommendation (any of the
foregoing, a &#147;<U>Change in the Company Recommendation</U>&#148;), or (ii)&nbsp;approve or recommend,
or propose publicly to approve or recommend, any Competing Transaction. For purposes of
this Agreement, a Change in the Company Recommendation shall include any approval or
recommendation (or public proposal to approve or recommend) by the Board of Directors of
Company or any committee thereof of a Competing Transaction, or any failure by Company&#146;s
Board of Directors to recommend against a Competing Transaction within the 10 business day
period specified in Rule&nbsp;14e-2(a) under the Exchange Act.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Board of Directors of Company shall be permitted to effect a Change in the
Company Recommendation, only if and to the extent that all of the following conditions are
met: (v)&nbsp;the Company Stockholder Approval has not been obtained, (w)&nbsp;the Board of Directors
of Company concludes in good faith (after consulting with outside legal counsel) that
failure to effect such Change in the Company Recommendation would be inconsistent with its
fiduciary duties under applicable Law; (x)&nbsp;before taking any such action, Company promptly
gives Parent (orally and in writing) notice advising Parent of the decision of the Board of
Directors of Company to take such action, including the reasons therefor and, in the event
that such decision relates to a Competing Transaction, such notice specifies the material
terms and conditions of such Competing Transaction and identifies the Person making such
Competing Transaction (and Company will also promptly give Parent such a notice with respect
to any subsequent change in such proposal) and Company has given Parent at least three (3)
Business Days after delivery of each such notice to propose revisions to the terms of this
Agreement (or to make another proposal) in response to such Competing Transaction and has
negotiated in good faith with Parent with respect to such proposed revisions or other
proposal, if any, (y)&nbsp;if such Change in the Company Recommendation relates to a Competing
Transaction received by Company or made directly to Company&#146;s stockholders, such Competing
Transaction constitutes a Superior Proposal; and (z)&nbsp;Company has complied with its
obligations set forth in Section&nbsp;6.7. Nothing contained in this Agreement shall prevent the
Board of Directors of Company from (i)&nbsp;complying with Rules&nbsp;14d-9 and/or 14e-2 under the
Exchange Act with regard to a Competing Transaction or (ii)&nbsp;making any disclosure if the
Board of Directors of Company concludes in good faith (after consulting with outside legal
counsel) failure to


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<P align="left" style="margin-left:3%; font-size: 10pt">so disclose would be inconsistent with its fiduciary duties under
applicable Law; <U>provided</U>, <U>however</U>, that any such disclosure that relates to
a Competing Transaction (other than a &#147;stop, look and listen&#148; letter or similar
communication of the type contemplated by Rule&nbsp;14d-9(f) under the Exchange Act) shall be
deemed to be a Change in Company Recommendation unless Company&#146;s Board of Directors
reaffirms the Company Recommendation in such disclosure.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Subject to Section&nbsp;6.6(b), Company will use its reasonable best efforts to obtain
the Company Stockholder Approval at the Company Stockholders&#146; Meeting and shall cause its
executive officers to use their reasonable best efforts in connection with the foregoing.
Company shall otherwise coordinate and cooperate with Parent with respect to the timing of
the Company Stockholders&#146; Meeting and will
otherwise comply with all legal requirements applicable to the Company Stockholder
Meeting.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.7. <U>No Solicitation</U>. Company shall not initiate, solicit or knowingly encourage
(including by way of furnishing information or assistance), or take any other action to facilitate,
any inquiries or the making of any proposal which constitutes, or would reasonably be expected to
lead to, any Competing Transaction (as such term is defined below), or negotiate or have any
discussions with any person in furtherance of such inquiries or to obtain a Competing Transaction,
or disclose any nonpublic information or afford access to its or the Company Subsidiaries&#146;
personnel, properties, books or records to, any Person that has made, or to Company&#146;s knowledge, is
considering making, a proposal for a Competing Transaction, or agree to or endorse any Competing
Transaction, or approve or recommend, or propose to approve or recommend, or execute or enter into,
any letter of intent, agreement in principle, merger agreement, asset purchase or share exchange or
issuance agreement, option agreement, or other similar agreement related to any Competing
Transaction or propose or agree to do any of the foregoing, or authorize any of its or the Company
Subsidiaries&#146; officers, directors or employees or any investment banker, financial advisor,
attorney, accountant or any other representative retained by it or any of its Affiliates (the
&#147;<U>Representatives</U>&#148;) to take any such action, and will cause the Representatives and the
Company Subsidiaries not to take any such action, and Company shall promptly notify Parent (orally
and in writing) of all of the relevant details relating to all inquiries and proposals which it may
receive after the date hereof relating to any of such matters, including the identity of the
offeror or Person making the request or inquiry. For purposes of this Agreement, &#147;<U>Competing
Transaction</U>&#148; shall mean any of the following involving any Person other than Parent or any of
its Affiliates: any merger, consolidation, share exchange or other business combination with or
into the Company or any Company Subsidiary; a sale, lease, exchange, mortgage, pledge, transfer or
other disposition of assets of Company or the Company Subsidiaries representing 15% or more of the
consolidated assets of Company and the Company Subsidiaries; a sale of shares of capital stock (or
securities convertible or exchangeable into or otherwise evidencing, or any agreement or instrument
evidencing, the right to acquire capital stock), representing 15% or more of the voting power of
Company or any of the Company Subsidiaries; or a tender offer or exchange offer for at least 15% of
the outstanding shares of Company. Company will immediately cease and cause to be terminated (and
will cause the Company Subsidiaries to cease and terminate) any existing activities, discussions or
negotiations with any parties (other than Parent and its Affiliates and representatives) conducted
heretofore with respect to any of the foregoing. Company shall (and shall cause the Company


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<P align="left" style="font-size: 10pt">Subsidiaries to) take the necessary steps to inform promptly the appropriate individuals or
entities referred to above of the obligations undertaken in this Section. Company shall notify
Parent (orally and in writing) within 24 hours of the receipt of any such inquiries, proposals or
offers, the request for any such information, or the initiation or continuation of any such
negotiations or discussions which are sought to be initiated or continued with Company and the
Company Subsidiaries. Company shall promptly request each other Person, other than Parent or its
Affiliates, that has, in the past twelve months, executed a confidentiality agreement in connection
with its consideration of entering into a business combination with Company and the Company
Subsidiaries (other than a business combination in which Company or a Company Subsidiary would
acquire control of such Person) to return all confidential information
heretofore furnished to such person by or on behalf of Company and the Company Subsidiaries
and enforce any such confidentiality agreements. Notwithstanding any other provision in this
Section&nbsp;6.7 or any other provision of this Agreement, prior to (but not after) the date of the
Company Stockholder Approval, and subject to compliance with the other terms of this Section&nbsp;6.7,
and to first entering into a confidentiality agreement with any such Person having provisions that
are no less favorable to Company than those contained in the Confidentiality Agreement, the Board
of Directors of Company shall be permitted to engage in discussions or negotiations with, and
provide nonpublic information or data to, any Person in response to a <I>bona fide </I>written proposal
for a Competing Transaction by such Person first made after the date hereof which was not
solicited, initiated or knowingly encouraged by Company or any of its Affiliates or any
Representative on or after the date hereof and which the Board of Directors of Company concludes in
good faith (after consultation with a financial advisor of nationally recognized reputation in
similar transactions) constitutes or is reasonably likely to result in a Superior Proposal (as
defined below), if and only to the extent that the Board of Directors of Company reasonably
determines in good faith (after consultation with outside legal counsel) that failure to do so
would be inconsistent with its fiduciary duties under applicable Law; <U>provided</U>, that
Company shall have given Parent (orally and in writing) at least three (3)&nbsp;Business Days prior
written notice of its intent to do so before taking the first of any such actions with any one such
Person; <U>provided</U>, <U>further</U>, that Company and the Board of Directors of Company shall
keep Parent informed of the status and terms of any such proposals, offers, discussions or
negotiations on a prompt basis, including by providing a copy of all material documentation or
correspondence relating thereto. For purposes of this Agreement, &#147;<U>Superior Proposal</U>&#148; shall
mean a <I>bona fide </I>unsolicited written proposal for a Competing Transaction which the Board of
Directors concludes in good faith, after consultation with a financial advisor of nationally
recognized reputation in similar transactions and its legal advisors, taking into account all
legal, financial, regulatory and other aspects of the proposal (including, without limitation, all
the terms and conditions of such proposal, including any break-up fees, expense reimbursement
provisions and conditions to consummation, as well as any revisions to the terms of the Merger or
this Agreement proposed by Parent) and the Person making the proposal (i)&nbsp;is more favorable to
Company&#146;s stockholders from a financial point of view, than the transactions contemplated by this
Agreement and (ii)&nbsp;is fully financed or reasonably capable of being fully financed, reasonably
likely to receive all required governmental approvals on a timely basis and otherwise reasonably
capable of being completed on the terms proposed; <U>provided</U>, that, for purposes of this
definition of &#147;<U>Superior Proposal</U>&#148; the term Competing Transaction shall have the meaning
assigned to such term in this Section&nbsp;6.7, except that the reference to &#147;15% or more&#148; in the
definition of Competing Transaction shall be deemed to be a reference to &#147;a majority&#148;;


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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.8. <U>Applications</U>. Company will promptly prepare or cause to be prepared the Proxy
Statement and will duly send the same to the holders of the Company Stock in connection with the
Company Stockholders&#146; Meeting, and further agrees to provide any information requested by Parent
for the preparation of any applications necessary to consummate the transactions contemplated
hereby. Company shall afford Parent a reasonable opportunity to review and comment on the Proxy
Statement and all amendments and supplements thereto before the filing thereof with the SEC.
Company covenants and agrees that, with respect to the information relating to Company or the
Company Subsidiaries, the Proxy Statement will comply in all
material respects with the provisions of applicable Law, and will not contain any untrue
statement of material fact or omit to state any material fact required to be stated therein or
necessary to make the statements contained therein, in light of the circumstances under which they
were made, not misleading. Company will use its commercially reasonable efforts to assist Parent
in obtaining all approvals or consents of Governmental Entities necessary to effect the Merger and
the transactions contemplated herein.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.9. <U>Subsequent Mergers</U>. Company shall, and shall cause Bank to, cooperate in all
reasonable respects with Parent in Parent&#146;s efforts to obtain the approval of or consent to the
Subsequent Mergers by all Governmental Entities whose approval or consent is required for the
consummation thereof (including without limitation the execution and filing by Bank along with
Parent of an application to the FDIC under the Bank Merger Act). Company and Parent shall take all
action necessary and appropriate to cause the merger of Bank with and into Parent, with Parent as
the surviving institution, immediately following the Merger, including by executing (in the case of
Parent) and causing Bank to execute (in the case of Company), upon request of Parent, the Merger
Agreement. After such approvals or consents have been obtained with respect to the Subsequent
Mergers, as well as all required approvals or consents by any Governmental Entity with respect to
the Merger, or prior thereto if notices are being sent pursuant to Section&nbsp;7.2, Company and Bank
will cooperate in all reasonable respects with Parent to facilitate the mailing or posting in a
timely fashion of any notices to customers of the Bank or other Persons with respect to the
Subsequent Mergers deemed necessary or appropriate by Parent, the cost thereof to be borne by
Parent. At Parent&#146;s request, and at its expense, Company and the Company Subsidiaries shall
cooperate in all reasonable respects to facilitate the divestiture to third parties of any branches
or assets of Company or any Company Subsidiary which may be required by any Governmental Entity as
a condition to approval or consent to the Merger, any such divestiture to be subject to
consummation of the Merger. By its execution of this Agreement, Company, in its capacity as the
sole shareholder of Bank, shall be deemed to have duly approved the Merger Agreement and the
transactions contemplated therein. For the avoidance of doubt, the consummation of the Subsequent
Mergers pursuant to the Merger Agreement shall be subject to and conditioned upon the prior
consummation of the Merger pursuant to the terms and provisions of this Agreement, and the
Subsequent Mergers shall be consummated immediately following the Merger, subject to the terms and
conditions hereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.10. <U>Takeover Statute</U>. If any Takeover Statute is or may become applicable to the
Merger or the other transactions contemplated by this Agreement, each of Parent and Company and
their respective Board of Directors shall grant such approvals and take such actions as are
necessary so that such transactions may be consummated as promptly as practicable on the terms
contemplated by this Agreement or by the Merger, and otherwise act to eliminate or minimize the
effects of such statute or regulation on such transactions.


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<P align="center" style="font-size: 10pt">ARTICLE 7.



<P align="center" style="font-size: 10pt"><U>COVENANTS OF PARENT AND MERGER SUB</U>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent and Merger Sub covenant and agree with Company as follows:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1. <U>Limitation on Conduct Prior to Effective Time of the Merger</U>. Between the date
hereof and the Effective Time of the Merger, except as contemplated by this Agreement and subject
to requirements of Law, each of Parent and its Subsidiaries shall not, without the prior written
consent of Company:



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) take any action which would or is reasonably likely to (i)&nbsp;adversely affect the
ability to obtain any necessary approvals of any Governmental Entity required for the
transactions contemplated hereby; (ii)&nbsp;adversely affect Parent&#146;s ability to perform its
covenants and agreements under this Agreement; or (iii)&nbsp;result in any of the conditions to
the performance of Company&#146;s or Parent&#146;s obligations hereunder, as set forth in Articles 10
or 11 herein not being satisfied; or



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) agree or make any commitment to take any actions prohibited by this Section&nbsp;7.1.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2. <U>Applications</U>. Parent will, as promptly as practicable, prepare and file in final
form or cause to be prepared and filed in final form (it being recognized that the FDIC or other
applicable Governmental Entities may require supplemental filings after such filing in final form)
(i)&nbsp;an application for approval of the Merger with the FDIC (which shall be filed not later than 30
days from the date hereof); (ii)&nbsp;an application for approval of the Merger with the OTS; (iii)&nbsp;a
notice to the FRB under 12 C.F.R. &#167; 225.12(d)(2); and (iv)&nbsp;any other applications or notices
necessary to consummate the transactions contemplated hereby, and further agrees to provide any
information reasonably requested by Company required for the preparation of any applications
necessary to consummate the transactions contemplated hereby. Parent shall afford Company a
reasonable opportunity to review, subject to applicable Law, all such applications (except for
confidential portions thereof) and all correspondence, amendments and supplements thereto before
the filing thereof and provide Company with copies of any such correspondence, amendments or
supplements at the time that they are filed. With the cooperation of Company and Bank pursuant to
Section&nbsp;6.9, Parent will provide (or cooperate to enable Company or Bank to provide notices
required by Company or Bank) as promptly as practicable any required notices to customers or other
Persons with respect to the Subsequent Mergers in order to facilitate the Closing at the earliest
date practical, consistent with Section&nbsp;3.1, including providing such notices in advance of receipt
of the required approvals or consents for the Subsequent Mergers if the date thereof can be
reasonably anticipated. Parent agrees to timely provide any information reasonably requested by
Company which is necessary for the preparation of the Proxy Statement and all amendments and
supplements thereto, and agrees that the information provided by it for
use in the Proxy Statement will comply in all material respects with the provisions of
applicable Law, and will not contain any untrue statement of material fact or omit to state any
material fact required to be stated therein or necessary to make the statements contained therein,
in light of the circumstances under which they were made, not misleading.


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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3. <U>Notices; Reports</U>. Parent will promptly notify Company in the event that Parent
determines that it is unable to fulfill any of the conditions to the performance of Company&#146;s
obligations hereunder, as set forth in Articles 9 or 10 herein.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4. <U>Indemnification and Directors&#146; and Officers&#146; Insurance</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) From and after the Effective Time of the Merger, Parent shall, to the fullest
extent permitted by applicable Law, indemnify, defend and hold harmless, and provide
advancement of expenses to, each person who is now, or has been at any time prior to the
date hereof or who becomes prior to the Effective Time of the Merger, an officer or director
of Company or any of its Subsidiaries and any such person presently or formerly serving at
the request of Company or any of its Subsidiaries as a director, officer, employee, agent,
trustee or fiduciary of another corporation, partnership, joint venture, trust or other
enterprise, or under or with respect to any employee benefit plan (the &#147;<U>Indemnified
Parties</U>&#148;) against all losses, claims, damages, costs, expenses, liabilities, penalties,
or judgments or amounts that are paid in settlement of or in connection with any claim,
action, suit, proceeding or investigation whether civil, criminal, or administrative, based
in whole or in part on or arising in whole or in part out of the fact that such person is or
was a director or officer of Company or any Subsidiary of Company, or pertaining to any
matter existing or occurring, or any acts or omissions occurring, at or prior to the
Effective Time of the Merger, whether asserted or claimed prior to, or at or after, the
Effective Time of the Merger (including matters, acts or omissions occurring in connection
with the approval of this Agreement and the consummation of the transactions contemplated
hereby) (&#147;<U>Indemnified Liabilities</U>&#148;) (x)&nbsp;to the same extent such persons are
indemnified or have the right to advancement of expenses as of the date of this Agreement by
Company pursuant to Company&#146;s Articles of Incorporation, Bylaws and indemnification
agreements, if any, in existence on the date hereof (all such agreements being listed in the
Company Disclosure Letter) with any directors or officers of Company and its Subsidiaries
and (y)&nbsp;without limitation of, and in addition to clause (x), to the fullest extent
permitted by Law.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) For a period of six years after the Effective Time of the Merger, Parent shall
cause to be maintained in effect the current policies of directors&#146; and officers&#146; liability
insurance maintained by Company (<U>provided</U>, that the Surviving Corporation may
substitute therefor policies with a substantially comparable insurer of at least the same
coverage, amounts and retentions containing terms and conditions which are no less
advantageous to the insured) with respect to claims arising from facts or events which
occurred at or before the Effective Time of the Merger; <U>provided</U>, <U>however</U>,
that the Surviving Corporation shall not be obligated to make annual premium payments
for such insurance to the extent such premiums exceed 200% of the premiums paid as of the
date hereof by Company for such insurance (&#147;<U>Company&#146;s Current Premium</U>&#148;), and if such
premiums for such insurance would at any time exceed 200% of Company&#146;s Current Premium, then
the Surviving Corporation shall cause to be maintained policies of insurance which, in the
Surviving Corporation&#146;s good faith determination, provide the maximum coverage available at
an annual premium equal to 200% of Company&#146;s Current Premium.


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<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Parent shall pay (as incurred) all expenses, including reasonable fees and expenses
of counsel, that an Indemnified Person may incur in enforcing the indemnity and other
obligations provided for in this Section&nbsp;7.4.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If the Surviving Corporation or any of its successors or assigns (i)&nbsp;consolidates
with or merges into any other person and shall not be the continuing or surviving
corporation or entity of such consolidation or merger, or (ii)&nbsp;transfers or conveys all or
substantially all of its properties and assets to any person, then, and in each such case,
to the extent necessary, proper provision shall be made so that the successors and assigns
of the Surviving Corporation, as the case may be, shall assume the obligations set forth in
this Section&nbsp;7.4.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The provisions of this Section&nbsp;7.4, (i)&nbsp;are intended to be for the benefit of, and
shall be enforceable by, each Indemnified Party, his or her heirs and representatives and
(ii)&nbsp;are in addition to, and not in substitution for, any other rights to indemnification or
contribution that any such person may have or contract or otherwise.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.5. <U>Limitation on Parent Conduct Prior to Effective Time of the Merger</U>. Parent
agrees that it shall not, and it shall not permit Merger Sub, to take any action which would or
could reasonably be expected to (i)&nbsp;materially adversely affect the ability of Parent to obtain any
necessary approval of any Governmental Entity required for the transactions contemplated hereby;
(ii)&nbsp;materially adversely affect Parent&#146;s ability to perform its covenants and agreements under
this Agreement; or (iii)&nbsp;result in any of the conditions to the performance of Parent&#146;s or
Company&#146;s obligations hereunder, as set forth in Articles 9, 10 or 11 herein not being satisfied.


<P align="center" style="font-size: 10pt">ARTICLE 8.



<P align="center" style="font-size: 10pt"><U>ADDITIONAL COVENANTS</U>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The parties hereto hereby mutually covenant and agree with each other as follows:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1. <U>Commercially Reasonable Efforts</U>. Subject to the terms and conditions of this
Agreement, each party will use its commercially reasonable efforts to take, or cause to be taken,
all actions and to do, or cause to be
done, all things necessary, proper or advisable under applicable Laws to consummate the
transactions contemplated by this Agreement as promptly as practicable.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2. <U>Public Announcements</U>. No press release or other public disclosure of matters
related to this Agreement or any of the transactions contemplated hereby shall be made by Parent or
Company unless the other party shall have provided its prior consent (which shall not be
unreasonably withheld, delayed or conditioned) to the form and substance thereof; <U>provided</U>,
<U>however</U>, that nothing herein shall be deemed to prohibit any party hereto from making any
disclosure which its counsel deems necessary or advisable in order to fulfill such party&#146;s
disclosure obligations imposed by Law.


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<P align="center" style="font-size: 10pt">ARTICLE 9.



<P align="center" style="font-size: 10pt"><U>CONDITIONS PRECEDENT TO THE MERGER</U>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The obligations of each of the parties hereto to consummate the transactions contemplated
herein are subject to the satisfaction, on or before the Closing Date, of the following conditions:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1. <U>Stockholder Approval</U>. The Agreement and the transactions contemplated hereby
shall have received all requisite approvals of the stockholders of Company.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2. <U>No Judgments or Orders</U>. No judgment, decree, injunction, order or proceeding
shall be outstanding by any Governmental Entity of competent jurisdiction which prohibits the
Merger.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3. <U>Regulatory Approvals</U>. To the extent required by applicable Law, all approvals or
consents of any Governmental Entity, including, without limitation, those of the FDIC, the OTS and
the DFI, shall have been obtained or granted for the Merger and the applicable waiting period under
all Laws shall have expired; provided, that, no such approvals or consents shall have imposed any
condition or restriction as a result of the combination of Company and Bank with Parent that would
reasonably be expected to have a Material Adverse Effect (measured on a scale relative to Company)
on Parent. All other statutory or regulatory requirements for the valid completion of the
transactions contemplated hereby shall have been satisfied.


<P align="center" style="font-size: 10pt">ARTICLE 10.



<P align="center" style="font-size: 10pt"><U>CONDITIONS PRECEDENT TO THE OBLIGATIONS OF COMPANY</U>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All of the obligations of Company to effect the transactions contemplated hereby shall be
subject to the satisfaction, on or before the Closing Date, of the following conditions, any of
which may be waived in writing by Company:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1. <U>Representations and Warranties; Performance of Covenants</U>. All the covenants,
terms and conditions of this Agreement to be complied with and performed by Parent or Merger Sub on
or before the Closing Date shall have been complied with and performed in all material respects.
Each of the representations and warranties of Parent contained in Article&nbsp;5 hereof shall have been
true and correct in all material respects on and as of the date of this Agreement and (except to
the extent such representations and warranties speak as of an earlier date or for changes expressly
contemplated by this Agreement) on and as of the Closing Date.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2. <U>Officers&#146; Certificate</U>. There shall have been delivered to Company on the
Closing Date a certificate executed by the Chief Executive Officer and the Chief Financial Officer
of Parent and Merger Sub certifying, to the best of their knowledge, compliance with all of the
provisions of Section&nbsp;10.1.


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<P align="center" style="font-size: 10pt">ARTICLE 11.



<P align="center" style="font-size: 10pt"><U>CONDITIONS PRECEDENT TO OBLIGATIONS OF PARENT AND MERGER SUB</U>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All of the obligations of Parent and Merger Sub to effect the transactions contemplated hereby
shall be subject to the satisfaction, on or before the Closing Date, of the following conditions,
any of which may be waived in writing by Parent:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1. <U>Representations and Warranties; Performance of Covenants</U>. All the covenants,
terms and conditions of this Agreement to be complied with and performed by Company at or before
the Closing Date shall have been complied with and performed in all material respects. Each of the
representations and warranties of Company contained in Article&nbsp;4 hereof shall have been true and
correct in all respects on and as of the date of this Agreement and (except to the extent such
representations and warranties speak as of an earlier date or for changes expressly contemplated by
this Agreement) on and as of the Closing
Date, subject to such exceptions as would not (individually or in the aggregate) have, or
would not be reasonably expected to have, a Material Adverse Effect, with the same effect as though
such representations and warranties had been made on and as of the Closing Date (it being
understood that, for purposes of determining the effect of such exceptions, all Material Adverse
Effect and materiality qualifications contained in such representations and warranties shall be
disregarded); <U>provided</U> that the representations and warranties of Company contained in
Sections&nbsp;4.1(a), 4.6(a), 4.25, 4.34(b) and 4.36 shall be true and correct in all respects and
Section&nbsp;4.2 shall be true and correct other than in any immaterial respects.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2. <U>Authorization of Merger</U>. All corporate actions of the Company necessary to
authorize the execution, delivery and performance of this Agreement by Company and the consummation
of the transactions contemplated hereby shall have been duly and validly taken by the Board of
Directors and stockholders of Company.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3. <U>Officers&#146; Certificate</U>. There shall have been delivered to Parent on the Closing
Date a certificate executed by the Chief Executive Officer and the Chief Financial Officer of
Company certifying, to the best of their knowledge, compliance with all of the provisions of
Sections&nbsp;11.1 and 11.2.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4. <U>Employee Benefit Plans.</U> Parent shall have received satisfactory evidence that
Company has complied in all material respects with its obligations with respect to employee benefit
plans, programs and arrangements, including, without limitation, the Company 401(k) Plan and the
Company Stock Options, under Article&nbsp;12 of this Agreement.


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<P align="center" style="font-size: 10pt">ARTICLE 12.



<P align="center" style="font-size: 10pt"><U>EMPLOYEE BENEFITS</U>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1. <U>Employee Benefits</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) After the Effective Time of the Merger, Parent shall continue the Company 401(k)
Plans for the benefit of employees of Company and the Company Subsidiaries who continue to
be employed by the Surviving Corporation after the Effective Time of the Merger (&#147;Continuing
Employees&#148;), provided that Parent in its sole discretion, may elect to cease contributions
to the Company 401(k) Plans on or after the Payroll Conversion Date. Continuing Employees
shall be eligible to participate in equivalent plans maintained by Parent (including the
401(k) and pension plans of Parent) on and after the Payroll Conversion Date.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Following the Effective Time of the Merger and until on or after the Payroll
Conversion Date, Continuing Employees shall continue to participate in the Company Employee
Plans and Benefit Arrangements (other than equity-based plans or arrangements). On and
after the Payroll Conversion Date, Continuing Employees shall become eligible for the
compensation and employee benefit plans and benefit arrangements of Parent (including,
without limitation, the medical, dental, vision, 401(k) and pension plans of Parent) on the
same terms as such plans and arrangements are generally offered from time to time to
employees of Parent in comparable positions with Parent (subject to any applicable
restrictions or limitations on new entrants or categories of entrants), it being understood
that, except as otherwise provided in this Section&nbsp;12.1 or under the terms of any such
Company Employee Plan or Benefit Arrangement, or compensation and employee benefit plans and
arrangements or applicable Law, Parent shall be entitled from time to time to modify,
terminate or supplement any such employee plans or benefit arrangements or to substitute new
employee plans or benefit arrangements for such employee plans or benefit arrangements in
the exercise of their business judgment.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) With respect to any employee plans and benefit arrangements of Parent in which any
Continuing Employee first becomes eligible to participate on or after the Effective Time of
the Merger (&#147;<U>New Plans</U>&#148;), Parent shall (i)&nbsp;waive all pre-existing conditions,
exclusions and waiting periods with respect to participation and coverage requirements under
any such New Plans, except to the extent such conditions or exclusions would have been
recognized under the Company Employee Plans or Benefit Arrangements, (ii)&nbsp;recognize service
of the Continuing Employees which was credited under Company Employee Plans or Benefit
Arrangements prior to the Payroll Conversion Date for purposes of eligibility, vesting and
benefit accruals under the New Plans (but not for purposes of benefit accrual under any
employee pension plans), (iii)&nbsp;credit any deductibles, co-payments or other out-of-pocket
expenses for the current calendar year for each employee and dependent recognized or
recognizable under the Company Employee Plans or Benefit Arrangements, and (iv)&nbsp;apply any
increase in any of the employee&#146;s portion of the premium cost, deductibles, co-payments and
other out-of-pocket costs no earlier than the later of the first day of the first plan year
beginning after


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<P align="left" style="margin-left:3%; font-size: 10pt">the Effective Time of the Merger of either the Company Employee Plan or
Benefit Arrangement or the employee plan or benefit arrangement of the Parent. In addition
to the foregoing, with respect to all vacation, volunteer time, funeral time, school
conferences, sick time, personal time, and sabbatical leave that has been accrued through
the Effective Time of the Merger (&#147;<U>PTO</U>&#148;) by any Continuing Employee under the
applicable PTO Plan, Parent shall, or shall cause its Subsidiaries to, at its discretion,
either pay the Continuing Employee his or her PTO as soon as practicable after the Effective
Time of the Merger or allow such Continuing Employee to convert such PTO into vacation or
sick leave (or a combination thereof); provided, however, that any such converted PTO may be
subject to a maximum cap, with any excess PTO to be paid in cash to the Continuing Employee
as soon as practicable after the Effective Time of the Merger. Company agrees that it will
accrue as a liability on its financial statements prior to the Closing its good faith
estimate of the dollar amount attributable to such PTO and will advise Parent in writing of
the amount of such accrual at least five (5)&nbsp;Business Days prior to the Closing Date.
Notwithstanding anything in this Agreement to the contrary,
those individuals who are currently receiving retiree welfare benefits from the Company
and individuals who retire within the twelve month period following the Effective Time of
the Merger and are eligible for retiree welfare benefits from the Company under the terms of
the applicable retiree welfare plan as in effect immediately prior to the Effective Time of
the Merger, shall be entitled to retiree welfare benefits in effect immediately prior to the
Effective Time of the Merger for employees of the Company and its Subsidiaries. Continuing
Employees who retire after the twelve month period following the Effective Time of the
Merger shall be eligible for retiree welfare benefits of Parent as may be in effect from
time to time for similarly situated employees of the Parent.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Parent agrees that after the Effective Time of the Merger, Parent will pay or
provide for the year ending December&nbsp;31, 2005, to those persons employed by Company or the
Company Subsidiaries immediately prior to the Effective Time of the Merger and who are
eligible, a credit to the employee&#146;s account under the Commercial Federal Bank Amended and
Restated Deferred Compensation Plan for Highly Compensated Employees (the &#147;<U>Deferred
Compensation Plan</U>&#148;) a percentage of compensation through December&nbsp;31, 2005, or if
earlier, the date of termination of employment (provided such termination of employment
shall be involuntary and not due to death, Disability or Cause) as a result of the
consummation of the transactions contemplated under this Agreement in accordance with the
terms of the Deferred Compensation Plan as in effect immediately prior to the Effective Time
of the Merger. Company agrees that it will accrue as a liability on its financial
statements prior to the Closing its good faith estimate of the dollar amount attributable to
such deferred compensation account credit and will advise Parent in writing of the amount of
such accrual at least five (5)&nbsp;Business Days prior to the Closing Date. Company also
represents and warrants that the only employees of Company and the Company Subsidiaries who
are participating in the Deferred Compensation Plan are those that are identified as such in
the Company Disclosure Letter and agrees that after the execution and delivery of this
Agreement, no other employees shall be designated as participants therein.


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<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) (i)&nbsp;Except with respect to employees described in Section&nbsp;12.1(e)(ii) below, Parent
will pay and provide to employees of Company or the Company Subsidiaries whose employment
terminates on or within twelve months after the Effective Date of the Merger as a result of
the consummation of the transactions contemplated under this Agreement severance benefits
under conditions and in an amount that are no less favorable to the employee than those
contained in the Company Severance Plan as disclosed in the Company Disclosure Letter as in
effect on the date this Agreement is executed.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Parent will pay and provide to Employees of the Company or the Company
Subsidiaries whose employment terminates on or after the Effective Time of the Merger and
who, as a result, become eligible for benefits under the terms of the Change in Control
Agreements as disclosed in the Company Disclosure Letter, the benefits to which the employee
is entitled under the terms of the Change in Control Agreements.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Parent will cause the Surviving Corporation to assume and perform all of the
obligations of Company under the terms of the Deferred Compensation Plan and any directors
plans, subject to Parent&#146;s right to amend such plans in accordance with their terms, other
than to reduce the amount of benefits previously accrued or required to be credited under
Section&nbsp;12.1(d) hereof or to adversely affect the timing or manner of payment of any
benefits due or the intended tax effect to any participant (other than the right, after the
Effective Time of the Merger, to receive distributions in the form of Company Stock).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2. <U>Company Stock Options, Company Awards and the Company Stock Option Plans</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) As soon as practicable following the date of this Agreement, the Board of Directors
of Company (or, if appropriate, any committee administering the Company Stock Option Plans)
shall adopt such resolutions or take such other actions as are required (including, if
necessary, amending any of the Company Stock Option Plans) to provide for the cancellation
of all outstanding Company Stock Options upon the Effective Time of the Merger, in exchange
for a cash payment by Parent of an amount equal to (i)&nbsp;the excess, if any, of (x)&nbsp;the Merger
Consideration plus the Special Dividend less the amount, if any, of the Special Retention
Bonus paid over (y)&nbsp;the exercise price per share of Company Stock subject to such Company
Stock Option, multiplied by (ii)&nbsp;the number of shares of Company Stock subject to such
Company Stock Option for which such Company Stock Option shall not theretofore have been
exercised, whether vested or unvested and whether or not then exercisable. Such payment
shall be made by Parent as soon as practicable, but no more than two business days after the
Effective Time of the Merger.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) At the Effective Time of the Merger, each right of any kind, contingent or accrued,
to receive shares of Company Stock or benefits measured by the value of a number of shares
of Company Stock, granted under the Employee Plans and Benefit Arrangements (including,
stock appreciation rights, restricted stock units,


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<P align="left" style="margin-left:3%; font-size: 10pt">deferred stock units, phantom units and other deferral amounts), other than Company Stock Options and shares of Company Stock
subject to restriction (each, a &#147;<U>Company Award</U>&#148;), which is outstanding immediately
prior to the Effective Time of the Merger shall cease to represent a right or award with
respect to shares of Company Stock and shall be converted, at the Effective Time of the
Merger, into a right or award with respect to (i)&nbsp;the Merger Consideration plus the Special
Dividend less the amount, if any, of the Special Retention Bonus paid multiplied by (ii)&nbsp;the
number of shares of Company Stock subject to such Company Award, whether vested or unvested
(and the Company Awards otherwise shall remain subject to the terms of the Employee Plans
and Benefit Arrangements and the agreements or letters evidencing grants thereunder).
Company agrees that it or its relevant committee shall take such action prior to the
Effective Time of the Merger as may be required under the terms of any Company Employee Plan
or Benefit Arrangement to pay such Company Awards in cash.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) All amounts payable pursuant to this Section&nbsp;12.2 shall be subject to any required
withholding of taxes and shall be paid without interest. It is understood that any payments
made by Parent to holders of Company Stock Options and Company Awards pursuant to this
Section&nbsp;12.2 shall be allocable to the portion of the Closing Date following the Effective
Time of the Merger for purposes of Section&nbsp;1.1502-76(b)(1)(ii)(B) of the Treasury
Regulations.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Board of Directors of Company (or, if appropriate, any committee administering
the Company Stock Option Plans and the Employee Plans and Benefit Arrangements) shall adopt
such resolutions or take such actions as are required to delete as of the Effective Time of
the Merger the provision in any other Benefit Arrangements of Company providing for the
issuance, transfer or grant of Company Stock or any interest in respect of Company Stock and
to ensure that following the Effective Time of the Merger no holder of a Company Stock
Option or Company Award or any participant in any Company Stock Option Plan or other
Employee Plan or Benefit Arrangements shall have any right thereunder to acquire any Company
Stock or any capital stock of the Surviving Corporation.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) (i)&nbsp;Parent shall, or shall cause the Surviving Corporation to, continue to maintain
the Company&#146;s 2005 annual bonus plan(s) (other than the Management Incentive Plan) (the
&#147;<U>Bonus Plans</U>&#148;) for the 2005 fiscal year and shall pay in cash to employees all bonus
amounts due under such Bonus Plans pursuant to the terms of the Bonus Plans. Any
participant in the Bonus Plans who incurs an involuntary termination of employment without
cause following the Effective Time of the Merger and prior to the date on which bonuses are
paid under the Bonus Plans shall be paid a bonus at such time as bonuses are paid to
similarly situated active participants equal to the product of (x)&nbsp;the amount of bonus that
would have been paid to such participant had such participant continued in the employ of the
Company through the applicable payment date and (y)&nbsp;a fraction, the numerator of which is
the number of days in the bonus plan year during which the participant was employed by the
Company and the denominator of which is 365. Company agrees that it will accrue as a
liability on its financial statements prior to the Closing its good faith estimate of the
dollar amount attributable to such bonus amounts and will advise Parent in writing of the
amount of such accrual at least five (5)


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<P align="left" style="margin-left:3%; font-size: 10pt">Business Days prior to the Closing Date. Bonuses
for the 2005 fiscal year will be paid no later than 2 <FONT style="font-size: 70%"><SUP>1</SUP></FONT>/<FONT style="font-size: 60%">2</FONT> months following the end of the
fiscal year.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Parent shall continue to maintain the Company&#146;s Management Incentive Plan (the
&#147;Management Incentive Plan&#148;) for the 2005 fiscal year and shall pay in cash to participants
who are employed on February&nbsp;28, 2006, 50% of the maximum amount due under such Management
Incentive Plan for 2005 pursuant to the terms of the Management Incentive Plan, regardless
of whether Bank meets its performance goal(s) for 2005. Any participant in the Management
Incentive Plan who incurs an involuntary termination of employment without cause following
the Effective Time of the Merger and prior to February&nbsp;28, 2006 shall be paid a bonus under
the Management Incentive Plan at such time as bonuses are paid to similarly situated active
participants equal to the product of (x)&nbsp;the amount of bonus that would have been paid to
such participant had such participant continued in the employ of the Company through the
applicable payment date and (y)&nbsp;a fraction, the numerator of which is the number of days in the Management
Incentive Plan year during which the participant was employed by the Company and the
denominator of which is 365. Company agrees that it will accrue as a liability on its
financial statements prior to the Closing its good faith estimate of the dollar amount
attributable to such bonus amounts payable under the Management Incentive Plan and will
advise Parent in writing of the amount of such accrual at least five (5)&nbsp;Business Days prior
to the Closing Date. Bonuses for the 2005 fiscal year will be paid no later than 2 <FONT style="font-size: 70%"><SUP>1</SUP></FONT>/<FONT style="font-size: 60%">2</FONT> months
following the end of the fiscal year.


<P align="center" style="font-size: 10pt">ARTICLE 13.



<P align="center" style="font-size: 10pt"><U>TERMINATION</U>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.1. <U>Termination</U>. This Agreement may be terminated at any time prior to the
Effective Time of the Merger, whether before or after approval of this Agreement by the
stockholders of Company, upon the occurrence of any of the following:



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) By mutual agreement of the parties, in writing;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) By Parent or Company upon the failure of the stockholders of Company to give the
Company Stockholder Approval at the duly convened Company Stockholders&#146; Meeting;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) By Company, upon written notice to Parent, if there shall have been a breach by
Parent or Merger Sub of any of the covenants or agreements or any of the representations or
warranties set forth in this Agreement on the part of Parent or Merger Sub, which breach,
either individually or in the aggregate, would result in the failure of the condition set
forth in Section&nbsp;10.1 and which breach has not been cured within 60&nbsp;days following written
notice thereof to Parent or, by its nature, cannot be cured within such time period;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) By Parent, upon written notice to Company, if there shall have been a breach by
Company of any of the covenants or agreements or any of the


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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="margin-left:3%; font-size: 10pt">representations or warranties set forth in this Agreement on the part of Company, which breach, either individually or in
the aggregate, would result in the failure of the condition set forth in Section&nbsp;11.1 and
which breach has not been cured within 60&nbsp;days following written notice thereof to Company
or, by its nature, cannot be cured within such time period;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) By Company or Parent if (i)&nbsp;there shall be enacted or adopted hereafter any Law or
regulation that makes consummation of the Merger illegal or otherwise prohibited or if any
judgment, injunction, order or decree enjoining Parent or Company from consummating the
Merger is entered by any Governmental Entity of competent jurisdiction and such judgment,
injunction, order or decree shall become final and nonappealable, or (ii)&nbsp;any Governmental
Entity which must grant a regulatory
approval or consent required for consummation of the Merger has denied such approval or
consent and such denial has become final and nonappealable; <U>provided</U>,
<U>however</U>, that such right to terminate this Agreement under clause (ii)&nbsp;of this
Section&nbsp;13.1(e) shall not be available to Company or Parent if either such party&#146;s failure
to comply in all material respects with Section&nbsp;6.8 or 7.2, respectively, was a cause of
such action;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) By Company or Parent if any conditions set forth in Article&nbsp;9 shall not have been
met by March&nbsp;31, 2006; <U>provided</U>, <U>however</U>, that this Agreement shall not be
terminated pursuant to this Section&nbsp;13.1(f) if the relevant condition shall have failed due
to the failure of the party seeking to terminate to comply in all material respects with its
obligations under this Agreement;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) By Company if any of the conditions set forth in Article&nbsp;10 shall not have been met
or waived (to the extent such can be legally waived) by March&nbsp;31, 2006; <U>provided</U>,
<U>however</U>, that this Agreement shall not be terminated pursuant to this Section
13.1(g) if the relevant condition shall have failed due to the failure of Company to comply
in all material respects with its obligations under this Agreement;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) By Parent if any of the conditions set forth in Article&nbsp;11 shall not have been met
or waived (to the extent such can be legally waived) by March&nbsp;31, 2006; <U>provided</U>,
<U>however</U>, that this Agreement shall not be terminated pursuant to this Section
13.1(h) if the relevant condition shall have failed due to the failure of Parent to comply
in all material respects with its obligations under this Agreement;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) By Parent if Company or the Company Subsidiaries shall have breached in any
material respect any of their obligations contained in Sections&nbsp;6.6 or 6.7 or Company shall
have breached in any material respect its obligation under Section&nbsp;6.8 to promptly prepare
or cause to be prepared the Proxy Statement and to send the same to the holders of Company
Stock in connection with the Company Stockholders&#146; Meeting;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) By Parent if the Board of Directors of Company shall have failed to recommend
adoption of this Agreement at the duly convened Company Stockholders&#146; Meeting, or there has
otherwise been a Change in Company Recommendation, whether or not permitted by the terms
hereof; or


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<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) By Company if the Board of Directors of Company shall, concurrently with such
termination, authorize Company to enter into an agreement with respect to a Competing
Transaction; <U>provided</U>, <U>however</U>, that Company may only exercise its right to
terminate this Agreement pursuant to this Section&nbsp;13.1(k) if (i)&nbsp;Company shall have complied
in all material respects with Section&nbsp;6.7 (including, without limitation, providing to
Parent at least three (3)&nbsp;Business Days prior written notice of its intention to take such
termination action); (ii)&nbsp;the Board of Directors of Company concludes in good faith (after
consultation with a financial advisor of nationally recognized reputation in similar
transactions) that such Competing Transaction constitutes a Superior Proposal; (iii)&nbsp;the
Board of Directors of Company reasonably determines in good faith (after consultation with
outside legal counsel) that the failure to exercise such right of termination would be
inconsistent with its fiduciary duties under applicable Law; and (iv)&nbsp;simultaneously with such termination, Company shall make a payment to Parent in an
amount equal to the Termination Fee (as such term is defined below) ; <U>provided</U>, that
for purposes of this Section&nbsp;13.1(k) the term &#147;Competing Transaction&#148; shall have the meaning
set forth in Section&nbsp;6.7, except that the reference to &#147;15% or more&#148; in the definition of
Competing Transaction shall be deemed to be a reference to &#147;a majority.&#148;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2. <U>Effect of Termination</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the event of termination of this Agreement by either Company or Parent as
provided in Section&nbsp;13.1, neither Company nor Parent shall have any further obligation or
liability to the other party except with respect to the last sentence of Section&nbsp;6.3,
Section&nbsp;13.1(k)(iv) and this Section&nbsp;13.2; <U>provided</U>, <U>however</U>, that nothing
herein shall relieve any party from liability for any willful and material breach of the
warranties and representations made by it, or willful and material failure in performance of
any of its covenants, agreements or obligations hereunder.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Company shall pay Parent (by Fed wire transfer of immediately available funds to
such account as may be designated by Parent in writing to Company) an amount equal to
$40,000,000 (the &#147;<U>Termination Fee</U>&#148;) if this Agreement is terminated as follows:



<P align="left" style="margin-left:6%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) if Parent shall terminate this Agreement pursuant to Sections&nbsp;13.1(i) or
(j)&nbsp;then Company shall pay Parent the Termination Fee on the Business Day following
such termination;



<P align="left" style="margin-left:6%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if (A)&nbsp;either party shall terminate this Agreement pursuant to Section
13.1(b) and (B)&nbsp;at any time after the date of this Agreement and before the date of
the Company Stockholders&#146; Meeting, a <I>bona fide </I>Competing Transaction (or a proposal
therefor) shall have been publicly announced or otherwise publicly communicated to
Company&#146;s stockholders; and if (C)&nbsp;within twelve (12)&nbsp;months of the date of such
termination of this Agreement, Company or any of its Subsidiaries executes any
definitive agreement with respect to, or consummates, any Competing Transaction,
then Company shall pay to Parent the Termination Fee on the Business Day following
such execution or consummation; <U>provided</U>, that for purposes of this
paragraph (ii)&nbsp;the term &#147;Competing


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<P align="left" style="margin-left:6%; font-size: 10pt">Transaction&#148; shall have the meaning set forth in
Section&nbsp;6.7, except that the reference to &#147;15% or more&#148; in the definition of
Competing Transaction shall be deemed to be a reference to &#147;a majority&#148;; and



<P align="left" style="margin-left:6%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) if (A)&nbsp;either party shall terminate this Agreement pursuant to Sections
13.1(f), (g)&nbsp;or (h)&nbsp;or Parent shall terminate this Agreement pursuant to Section
13.1(d), (B)&nbsp;at any time after the date of this Agreement and before such
termination a <I>bona fide </I>Competing Transaction (or a proposal therefor) shall have
been publicly announced or otherwise communicated to the Board of Directors of
Company and (C)&nbsp;following such public announcement or communication of such
Competing Transaction (or a proposal therefor), Company shall have
intentionally breached (and not cured after notice thereof) any of its
representations, warranties, covenants or agreements set forth in this Agreement,
which breach shall have materially contributed to the failure of the Effective Time
of the Merger to occur prior to the termination of this Agreement, then Company
shall pay to Parent 50% of the Termination Fee on the Business Day following such
termination; and if (D)&nbsp;within twelve (12)&nbsp;months of the date of such termination of
this Agreement, Company or any of its Subsidiaries executes any definitive agreement
with respect to, or consummates, any Competing Transaction, then Company shall pay
to Parent the remaining 50% of the Termination Fee on the Business Day following
such execution or consummation; <U>provided</U>, that for purposes of this
paragraph (iii)&nbsp;the term &#147;<U>Competing Transaction</U>&#148; shall have the meaning set
forth in Section&nbsp;6.7, except that the reference to &#147;15% or more&#148; in the definition
of Competing Transaction shall be deemed to be a reference to &#147;a majority.&#148;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If Company fails to pay all amounts due to Parent on the dates specified in this
Section&nbsp;13.2, then Company shall pay all costs and expenses (including legal fees and
expenses) incurred by Parent in connection with any action or proceeding (including the
filing of any lawsuit) taken by it to collect such unpaid amounts, together with interest on
such unpaid amounts at the prime lending rate prevailing at such time, as published in the
Wall Street Journal, from the date such amounts were required to be paid until the date
actually received by Parent.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Parent (for itself and its Affiliates) hereby agrees that, upon any termination of
this Agreement under circumstances where Parent is entitled to a Termination Fee under this
Section&nbsp;13.2 and Parent receives such Termination Fee, Parent and its Affiliates shall be
precluded from any other remedy against Company, at law or in equity or otherwise, and
neither Parent nor any of its Affiliates shall seek (and Parent shall cause its Affiliates
not to seek) to obtain any recovery, judgment, or damages of any kind, including
consequential, indirect, or punitive damages, against Company or any Company Subsidiary or
any of their respective directors, officers, employees, partners, managers, members or
stockholders in connection with this Agreement or the transactions contemplated hereby.



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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="center" style="font-size: 10pt">ARTICLE 14.



<P align="center" style="font-size: 10pt"><U>MISCELLANEOUS</U>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1. <U>Expenses</U>. Except as otherwise provided herein, all Expenses incurred by Parent,
Merger Sub and Company in connection with or related to the authorization, preparation and
execution of this Agreement, the solicitation of stockholder approvals and all other matters
related to the closing of the transactions contemplated hereby, including, without limitation of
the generality of the foregoing, all fees and expenses of agents, representatives, counsel and
accountants employed by either such party or its Affiliates, shall be borne solely and entirely by
the party which has incurred the same. &#147;<U>Expenses</U>&#148; as used in this Agreement shall include all
reasonable out-of-pocket expenses (including all fees and expenses of attorneys, accountants,
investment bankers, experts and consultants to the party and its Affiliates) incurred by the party
or on its behalf in connection with the consummation of the transactions contemplated by this
Agreement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.2. <U>Notices</U>. Any notice, request, instruction or other document to be given
hereunder by any party hereto to another shall be in writing and delivered personally or by
confirmed facsimile transmission or sent by a recognized overnight courier service or by registered
or certified mail, postage prepaid, with return receipt requested, addressed as follows:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="29%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">To Parent or Merger Sub:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" valign="top" align="left">Bank of the West</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" valign="top" align="left">180 Montgomery Street, 25th Floor</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" valign="top" align="left">San Francisco, California 94104</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3">Douglas C. Grigsby</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3">Vice Chairman <FONT style="font-family: Symbol">&#045;</FONT> Finance</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3">and</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3">J. Michael Shepherd, Esq.,</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3">Senior Executive Vice President and</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3">General Counsel</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3">Facsimile Number:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(415) 765-4895<BR>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">With a copy to:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" valign="top" align="left">Pillsbury Winthrop Shaw Pittman LLP</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" valign="top" align="left">50 Fremont Street, 10th Floor</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" valign="top" align="left">San Francisco, California 94105</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3">Rodney R. Peck, Esq.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3">Patricia F. Young, Esq.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3">Facsimile Number:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(415) 983-1200<BR>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">To Company:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" valign="top" align="left">Commercial Federal Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" valign="top" align="left">13220 California Street</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" valign="top" align="left">Omaha, Nebraska 68154</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3">David S. Fisher</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3">Executive Vice President and</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3">Chief Financial Officer</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3">Facsimile Number:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(402) 514-5304</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="29%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">With a copy to:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" valign="top" align="left">Wachtell, Lipton, Rosen &#038; Katz</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" valign="top" align="left">51 West 52nd Street</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" valign="top" align="left">New York, NY 10019</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3">Craig M. Wasserman</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3">Nicholas G. Demmo</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3">Facsimile Number:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(212) 403-2000</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any such notice, request, instruction or other document shall be deemed received (i)&nbsp;on the
date delivered personally or delivered by confirmed facsimile transmission, (ii)&nbsp;on the next
Business Day after it was sent by overnight courier, delivery charges prepaid; or (iii)&nbsp;on the
fourth Business Day after it was sent by registered or certified mail, postage prepaid. Any of the
persons shown above may change its address for purposes of this section by giving notice in
accordance herewith.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.3. <U>Assignment</U>. All terms and conditions of this Agreement shall be binding upon
and shall inure, to the extent permitted by Law, to the benefit of the parties hereto and their
respective permitted transferees and successors and permitted assigns; <U>provided</U>,
<U>however</U>, that this Agreement and all rights, privileges, duties and obligations of the
parties hereto, without the prior written approval of the other parties hereto, may not be
transferred, assigned or delegated by any party hereto (by operation of Law or otherwise) and any
such attempted transfer, assignment or delegation shall be null and void.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.4. <U>Counterparts</U>. This Agreement and any exhibit hereto may be executed in one or
more counterparts, all of which, taken together, shall constitute one original document and shall
become effective when one or more counterparts have been signed by the appropriate parties and
delivered to each party hereto.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.5. <U>Effect of Representations and Warranties</U>. The representations and warranties
contained in this Agreement shall terminate immediately after the Effective Time of the Merger.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.6. <U>Third Parties</U>. Each party hereto intends that this Agreement shall not benefit
or create any right or cause of action to any person other than parties hereto, except as provided
in Section&nbsp;7.4(e). As used in this Agreement the term &#147;parties&#148; shall refer only to Parent, Merger
Sub and Company as the context may require.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.7. <U>Lists; Exhibits; Integration</U>. The Confidentiality Agreement and each Exhibit
and the Company Disclosure Letter and the Parent Disclosure Letter delivered pursuant to this
Agreement shall be in writing and shall constitute a part of this Agreement, although the
Confidentiality Agreement and each such Exhibit and the Company Disclosure Letter and the Parent
Disclosure Letter need not be attached to each copy of this Agreement. This Agreement, together
with the Confidentiality Agreement and each Exhibit and the Company Disclosure Letter and the
Parent Disclosure Letter, constitutes the entire agreement between the parties pertaining to the
subject matter hereof and supersedes all prior agreements and understandings of the parties in
connection therewith.


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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.8. <U>Knowledge</U>. Whenever any statement herein or in any list, certificate or other document delivered to
any party pursuant to this Agreement is made &#147;to the knowledge&#148; or &#147;to the best knowledge&#148; of any
party or another Person, such party or other Person shall make such statement based upon the actual
knowledge of an executive officer of such Person.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.9. <U>Governing Law</U>. This Agreement shall be governed by, and construed in accordance
with, the Laws of the State of California, regardless of the Laws that might otherwise govern under
applicable principles of conflict of Laws thereof (except to the extent that mandatory provisions
of federal Law or the NBCA are applicable).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.10. <U>Captions</U>. The captions contained in this Agreement are for convenience of
reference only and do not form a part of this Agreement and shall not affect the interpretation
hereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.11. <U>Severability</U>. If any portion of this Agreement shall be deemed by a court of
competent jurisdiction to be unenforceable, the remaining portions shall be valid and enforceable
only if, after excluding the portion deemed to be unenforceable, the remaining terms hereof shall
provide for the consummation of the transactions contemplated herein in substantially the same
manner and with substantially the same effect as originally set forth at the date this Agreement
was executed.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.12. <U>Waiver and Modification; Amendment</U>. No waiver of any term, provision or
condition of this Agreement, in any one or more instances, shall be deemed to be or construed as a
further or continuing waiver of any such term, provision or condition of this Agreement. Except as
otherwise required by Law, this Agreement, when executed and delivered, may be modified or amended
by action of the Boards of Directors of Parent, Merger Sub and Company without action by their
respective stockholders. This Agreement may be modified or amended or any provision hereof waived
only by an instrument of equal formality signed by the parties or their duly authorized agents.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.13. <U>Enforcement; Jurisdiction</U>. The parties agree that irreparable damage would
occur in the event that any of the provisions of this Agreement were not performed in accordance
with their specific terms or were otherwise breached, for which monetary damages would not be an
adequate remedy, and accordingly, each party agrees that the other party shall be entitled to an
injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the
terms and provisions hereof, this being in addition to any other remedy to which the parties are
entitled at law or in equity. Any suit, action or proceeding seeking to enforce any provision of,
or based on any matter arising out of or in connection with, this Agreement or the transactions
contemplated hereby or thereby may be brought in any federal or state court located in the States
of California or Nebraska, and each of the parties hereby consents to the jurisdiction of such
courts (and of the appropriate appellate courts therefrom) in any such suit, action or proceeding and irrevocably
waives, to the fullest extent permitted by Law, any objection which it may now or hereafter have to
the laying of the venue of any such suit, action or proceeding in any such court or that any such
suit, action or proceeding which is brought in any such court has been brought in an inconvenient
forum. Process in any such suit, action or proceeding may be served on any party anywhere in the
world, whether within or without the jurisdiction of any


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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">such court. Without limiting the
foregoing, each party agrees that service of process on such party as provided in Section&nbsp;14.2
shall be deemed effective service of process on such party.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.14. <U>Waiver of Jury Trial</U>. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY
AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.15. <U>Attorneys&#146; Fees</U>. If any legal action or any arbitration upon mutual agreement
is brought for the enforcement of this Agreement or because of an alleged dispute, controversy,
breach, or default in connection with this Agreement, the prevailing party shall be entitled to
recover reasonable attorneys&#146; fees and all other reasonable costs and expenses incurred in that
action or proceeding, in addition to any other relief to which it may be entitled.


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<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the parties to this Agreement have duly executed this Agreement as of the
day and year first above written.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">BANK OF THE WEST<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Don J. McGrath
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Its: Chairman and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">BEAR MERGER CO., INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Douglas C. Grigsby
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Its: President and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">COMMERCIAL FEDERAL CORPORATION<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ William A. Fitzgerald
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Its: Chairman and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>f10037exv99w1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="right" style="font-size: 10pt"><B>EXHIBIT 99.1</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="59%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><IMG src="f10037f1003700.gif" alt="(BANK OF THE WEST LOGO)">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><IMG src="f10037f1003701.gif" alt="(COMMERCIAL FEDERAL BANK LOGO)"></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">FOR IMMEDIATE RELEASE
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MEDIA CONTACTS:</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>BancWest Corporation</U>:</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">John Stafford (415)&nbsp;765-4850</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Gerry Keir (808)&nbsp;525-7086</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>Commercial Federal Corporation:</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Hal Garyn (402)&nbsp;514-5336 (analysts)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Roger Lewis (402)&nbsp;514-5315 (media)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">BANCWEST CORPORATION ANNOUNCES ACQUISITION



<P align="center" style="font-size: 10pt">OF COMMERCIAL FEDERAL CORPORATION BY BANK OF THE WEST



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(SAN FRANCISCO, Calif. and OMAHA, Neb., June&nbsp;13, 2005) &#151; BancWest Corporation announced today
that its Bank of the West subsidiary has signed a definitive agreement to acquire Commercial
Federal Corporation (NYSE: CFB). In a cash transaction valued at $1.36&nbsp;billion, Bank of the West
will pay $34 for each Commercial Federal share, with a special 50-cent-per-share dividend paid at
closing.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Omaha-based Commercial Federal is the parent company of Commercial Federal Bank, the nation&#146;s
12<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>-largest thrift, which operates 198 branches in seven states in the Midwest,
Colorado and Arizona. As of March&nbsp;31, 2005, Commercial Federal Corporation had total assets of
$10.4&nbsp;billion, deposits of $6.5&nbsp;billion and loans of $7.8&nbsp;billion. In 2004, the company earned
$76.4&nbsp;million.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BancWest Corporation, whose principal subsidiaries are Bank of the West and First Hawaiian
Bank, is the seventh largest bank holding company operating in the Western United States with
assets of $51.4&nbsp;billion. BancWest is a wholly owned subsidiary of BNP Paribas, which has
previously announced plans to increase its retail banking presence in the Western United States.
The transaction solidifies BancWest&#146;s position in the Midwest and adds significant market share in
several major metropolitan areas.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After the deal closes, Commercial Federal branches will become part of San Francisco-based
Bank of the West, which will be the third largest commercial bank headquartered west of the
Mississippi River. The acquisition will add three new states (Missouri, Oklahoma and Kansas) to
BancWest&#146;s branch footprint. Following the acquisition, BancWest will have approximately $64
billion in assets and serve more than 4&nbsp;million customer accounts through 739 locations in 20
states.


<P align="center" style="font-size: 10pt">(more)



<P align="center" style="font-size: 10pt">&nbsp;
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<P align="left" style="font-size: 10pt">BancWest Corporation Announces Acquisition<BR>
Of Commercial Federal Corporation by Bank of the West<BR>
Page 2 of 4


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Commercial Federal&#146;s service-oriented philosophy is a perfect match for Bank of the West.
It&#146;s a logical extension of Bank of the West&#146;s expansion into the Midwest begun with last year&#146;s
acquisition of Community First Bancshares,&#148; said BancWest President and Chief Executive Officer Don
J. McGrath.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Commercial Federal operates in high-growth retail markets that complement our existing
footprint and provide us with opportunities for additional fill-in acquisitions. We&#146;ll add
dramatically to our market share in Denver &#150; we&#146;ll have nearly 100 Colorado branches. We will also
become one of the leading banks in Omaha and Des Moines.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Although the sign on the door will change, Commercial Federal customers will find the same
familiar faces in their branches. And they&#146;ll receive the same personal service they expect,
because that&#146;s been a Bank of the West tradition since 1874,&#148; said McGrath, who is also chairman
and chief executive officer of Bank of the West.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Commercial Federal has already begun to make a transition from a traditional thrift to a
commercial bank, and we see opportunities as we continue along that path to offer a broader array
of business banking and consumer products,&#148; McGrath said.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;William Fitzgerald, Commercial Federal chairman and chief executive officer, said: &#147;This
merger offers a compelling value for our shareholders and provides an opportunity for our employees
to join another strong and caring company that is growing rapidly. Our customers will have access
to a wider selection of products and services in consumer and commercial banking, investments and
insurance. I know Bank of the West has the same commitment that we have to supporting the
communities where they do business. We&#146;re pleased that this tradition of community support will
continue here in Omaha and everywhere Commercial Federal operates.&#148;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The purchase price represents 1.8 times book value, 14.8 times consensus 2006 earnings and a
27&nbsp;percent premium to the average closing price of Commercial Federal stock over the past six
months.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The boards of directors of BNP Paribas, BancWest Corporation and Commercial Federal
Corporation have approved the transaction. The merger requires approval from Commercial
Federal shareholders and federal and state banking regulators. Once all approvals have been
received, the merger is expected to close in the fourth quarter of this year.


<P align="center" style="font-size: 10pt">(more)



<P align="center" style="font-size: 10pt">&nbsp;
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<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="left" style="font-size: 10pt">BancWest Corporation Announces Acquisition<BR>
Of Commercial Federal Corporation by Bank of the West<BR>
Page 3 of 4


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BancWest&#146;s track record &#150; 15 acquisitions across 17 states since 1990 &#150; demonstrates its
ability to manage integrations seamlessly, McGrath said. Its most recent acquisitions were the 2002
purchase of United California Bank ($10.5&nbsp;billion assets, 115 branches in California) and last
year&#146;s purchase of Community First Bancshares ($5.5&nbsp;billion assets, 166 locations in 12 states) and
USDB Bancorp ($1.2&nbsp;billion assets, 19 California branches).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;With each acquisition, we&#146;ve added assets and customers and improved our operating
efficiency,&#148; McGrath added.


<P align="left" style="font-size: 10pt"><B>About Commercial Federal Corporation</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial Federal Corporation (NYSE:CFB) is the parent company of Commercial Federal Bank
(www.comfedbank.com), a $10.4-billion federal savings bank founded in Omaha in 1887. It has 198
branches in Nebraska, Iowa, Colorado, Kansas, Oklahoma, Missouri and Arizona. Commercial Federal
operations include consumer and commercial banking services, including retail banking, commercial
and industrial lending, small business banking, construction lending, cash management, and
insurance and investment services.


<P align="left" style="font-size: 10pt"><B>About Bank of the West</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank
of the West (<U>www.bankofthewest.com</U>), which is based in San Francisco, has $41.0&nbsp;billion
in assets. It has 480 banking locations in 16 Western and Midwestern states: California, Oregon,
Washington, Idaho, Nevada, Utah, Arizona, New Mexico, Colorado, Wyoming, Nebraska, North and South
Dakota, Minnesota, Iowa and Wisconsin. Founded in San Jose, California in 1874 as Farmers National
Gold Bank, Bank of the West is the fourth-largest commercial bank headquartered west of the
Mississippi.


<P align="left" style="font-size: 10pt"><B>About BancWest</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BancWest
Corporation (<U>www.bancwestcorp.com</U>) is a bank holding company with assets of $51.4
billion and headquarters offices in Honolulu, Hawaii, and San Francisco, California. Besides Bank
of the West, BancWest&#146;s other principal subsidiary First Hawaiian Bank (56 branches in Hawaii,
three in Guam and two in Saipan). BancWest is a wholly owned subsidiary of BNP Paribas
(<U>www.bnpparibas.com</U>), a European leader in banking and financial services, with a
significant and growing presence in the United Sates and leading positions in Asia. The most
profitable bank in the Euro zone, it has a presence in over 85 countries with close to 100,000
employees.


<P align="center" style="font-size: 10pt"># # #



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="left" style="font-size: 10pt">BancWest Corporation Announces Acquisition<BR>
Of Commercial Federal Corporation by Bank of the West<BR>
Page 4 of 4


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#183; This release contains forward-looking statements, including statements regarding
anticipated timing of the transaction and possible performance of the combined company after the
transaction is completed. Such statements reflect management&#146;s best judgment as of this date, but
they involve risks and uncertainties that could cause actual results to differ materially from
those presented. Factors that could cause such differences include, without limitation: (1)&nbsp;the
possibility that regulatory approvals may be delayed or denied or that burdensome conditions may be
imposed in connection with such approvals; (2)&nbsp;the possibility of customer or employee attrition
following this transaction; (3)&nbsp;failure to fully realize expected cost savings from the
transaction; (4)&nbsp;lower than expected revenues following the transaction; (5)&nbsp;problems or delays in
bringing together the two companies; (6)&nbsp;the possibility of adverse changes in global, national or
local economic or monetary conditions, (7)&nbsp;competition and change in the financial services
business, and (8)&nbsp;other factors described in our recent filings with the Securities and Exchange
Commission. Those factors or others could result, for example, in delay or termination of the
transaction discussed above. Readers should carefully consider those risks and uncertainties in
reading this release. Except as otherwise required by law, BancWest and Commercial Federal
Corporation disclaim any obligation to update any forward-looking statements included herein to
reflect future events or developments.


<P align="center" style="font-size: 10pt"># # #



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the proposed transaction, Commercial Federal will be filing proxy
statements and other materials with the Securities and Exchange Commission. Investors are urged to
read the proxy statement and these materials when they are available because they contain important
information.


<P align="center" style="font-size: 10pt"># # #



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial Federal and its officers and directors may be deemed to be participants in the
solicitation of proxies with respect to the proposed transaction matters. Information regarding
such individuals is included in Commercial Federal&#146;s proxy statements and Annual Reports on Form
10-K previously filed with the Securities and Exchange Commission, and in the proxy statement
relating to the merger when it becomes available. Investors may obtain a free copy of the proxy
statements and other relevant documents when they become available as well as other materials filed
with the Securities and Exchange Commission concerning Commercial Federal and these individuals at
the Securities and Exchange Commission&#146;s website at http://www.sec.gov. These materials and other
documents may also be obtained for free from Commercial Federal Corporation by sending an e-mail to
investorrelations@commercialfed.com.


<P align="center" style="font-size: 10pt"># # #




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>


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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>4
<FILENAME>f10037exv99w2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w2</TITLE>
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<BODY bgcolor="#FFFFFF">
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="right" style="font-size: 10pt"><B>EXHIBIT 99.2</B>



<P align="left" style="font-size: 10pt"><IMG src="f10037f1003702.gif" alt="(BNP PARIBAS LOGO)">



<P align="right" style="font-size: 10pt">14<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> June&nbsp;2005



<P align="center" style="font-size: 10pt"><B>Acquisition of Commercial Federal Corporation :</B>



<P align="center" style="font-size: 10pt"><B>A further step in BNP Paribas&#146; retail banking expansion<BR>
in the Western US</B>


<P align="left" style="font-size: 10pt">BNP Paribas takes a further step in its expansion strategy in the Western US through BancWest
Corporation (&#147;BancWest&#148;), its wholly owned subsidiary.


<P align="left" style="font-size: 10pt">BancWest announced today that its subsidiary, Bank of the West, has reached an agreement to acquire
Commercial Federal Corporation (&#147;Commercial Federal&#148;), a NYSE listed company (CFB), headquartered
in Omaha, Nebraska.


<P align="left" style="font-size: 10pt">BancWest currently operates through 541 branches in 17 Western states, primarily California and
Hawaii. It operates under the brands of First Hawaiian Bank in Hawaii, and Bank of the West on the
Western US Mainland. Commercial Federal operates through 198 branches in 7 states.


<P align="left" style="font-size: 10pt">This transaction underscores BNP Paribas&#146; expansion strategy in US retail banking and its
disciplined acquisition policy. Following the transaction, BancWest will have in excess of 4.2
million accounts and over 700 branches, enhancing its presence in high growth markets. BancWest
will operate in 20 states with 100&nbsp;million inhabitants, and benefit from some of the strongest
demographic growth trends in the US.


<P align="left" style="font-size: 10pt">On Monday 13th of June&nbsp;2005, the Board of Directors of Commercial Federal approved an agreement for
the sale of 100% of the company to Bank of the West. The transaction was also approved by the
boards of BNP Paribas, BancWest and Bank of the West. Commercial Federal shareholders will receive
at closing US $34.5 per share, of which a cash payment of US $34.0 from BancWest and US $0.5 as a
special one-time dividend. In total, this US $1.36&nbsp;billion (1.12&nbsp;billion Euros) purchase price
represents a 27% premium to the average closing stock price of Commercial Federal over the past six
months, and is equivalent to 14.8 times 2006 consensus earnings and 1.8 times book value as at 31
March&nbsp;2005. Subsequent to the transaction, all Commercial Federal activities will continue under
the Bank of the West brand.



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">In 2004, Commercial Federal reported total revenues of US $382&nbsp;million, net income of US $76
million, and a RoE of 10.1%. The bank had US $10.4&nbsp;billion of assets as of March&nbsp;31st, 2005. Bank
of the West will accelerate the growth of the franchise, by enhancing product offering, increasing
sales efficiency, generating pre-tax revenue synergies estimated at US $ 12&nbsp;million in 2007, net of
associated costs.


<P align="left" style="font-size: 10pt">The merger will also generate significant pre-tax cost synergies estimated at US $54&nbsp;million,
decreasing the cost-income ratio of Commercial Federal towards Bank of the West standard, creating
shareholder value from 2006 onwards. The transaction presents limited execution risk given
BancWest&#146;s proven integration track record and the similarity between both banks&#146; business models
and operating systems.


<P align="left" style="font-size: 10pt">In a statement following the agreement, Baudouin Prot, CEO of BNP Paribas said: &#147;I recently
reiterated that the US is one of our major priorities for expansion in retail banking. This
transaction is a good example of our well-defined and focused expansion strategy. It is in line
with our policy of value-creating transactions in businesses and geographies with strong growth
potential where there is limited execution risk. This acquisition also represents a great example
of our efficient use of capital &#147;.


<P align="left" style="font-size: 10pt">In addition, Don McGrath, President and CEO of BancWest said: &#147;Commercial Federal is an excellent
franchise that has built strong relationships with its clients and is an excellent fit for Bank of
the West. It operates in high-growth retail markets that complement our existing footprint. We will
add substantially to our market share in Denver, and become one of the leading banks in Omaha and
Des Moines. We see great opportunities to leverage this franchise. It offers significant potential
for BancWest&#146;s further organic growth in that region.&#148;


<P align="left" style="font-size: 10pt">The transaction, recommended by the Board of Directors, is currently subject to approval by
Commercial Federal&#146;s shareholders and by various regulatory agencies in the US. The transaction is
expected to close in the fourth quarter of 2005. BNP Paribas was advised by Morgan Stanley, Lehman
Brothers and Goldman Sachs.


<P align="left" style="font-size: 10pt"><B>About BNP Paribas and BancWest</B>


<P align="left" style="font-size: 10pt">BNP Paribas (www.bnpparibas.com) is a European leader in banking and financial services, with a
significant and growing presence in the United States and leading positions in Asia. BNP Paribas is
the leading bank in the Euro zone in terms of net income in 2004. The group has one of the largest

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="font-size: 10pt">international banking networks, present in over 85 countries with close to 100,000 employees,
including 67,000 in Europe. BNP Paribas enjoys key positions in its three core businesses:
Corporate and Investment Banking, Asset Management &#038; Services and Retail Banking.


<P align="left" style="font-size: 10pt">BancWest Corporation is a wholly-owned subsidiary of BNP Paribas with assets of US $51.4&nbsp;billion
and headquarters offices in Honolulu, Hawaii and San Francisco, California. Its subsidiaries Bank
of the West and First Hawaiian Bank, are respectively the 5th largest commercial bank in California
and the largest bank in Hawaii.


<P align="left" style="font-size: 10pt"><B>Press contacts:</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mich&#232;le SICARD
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(33) 1 40 14 70 61
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>michele.sicard@bnpparibas.com</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Carine LAURU
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(33) 1 42 98 15 91
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>carine.lauru@bnpparibas.com</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">C&#233;line CASTEX
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(33) 1 40 14 65 16
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>celine.castex@bnpparibas.com</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Christelle MALDAGUE
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(33) 1 42 98 56 48
</TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top"><U>christelle.maldague@bnpparibas.com</U><BR></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">H&#233;l&#232;ne REGNARD
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(33) 1 40 14 65 14
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>helene.regnard@bnpparibas.com</U></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>


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