New York State Banking Department
To: Senior Examiner Shah - CRB
From: Sharon Cherry, Associate Attorney - Legal Division
Date: March 12, 2007
Subject: [---] Change of beneficial ownership
Section 130(7) of the Banking Law, among other things, provides that every person who is directly or indirectly the beneficial owner of more than ten per centum of any class of any equity security of a bank, shall within ten days after the close of each calendar month, if there has been any change in such ownership during such month, file with the Superintendent a statement indicating his ownership at the close of the calendar month and such changes in such ownership as have occurred during such calendar month.
The bank has provided the required Statement and it does not require any action by the Legal Division.