Common use of Common Control Clause in Contracts

Common Control. The Company is not and, after giving effect to the offering and sale of the Shares, will not be under the control (as defined in the BHCA and the Federal Reserve’s Regulation Y (12 C.F.R. Part 225)) (“BHCA Control”) of any company (as defined in the BHCA and the Federal Reserve’s Regulation Y). The Company is not in BHCA Control of any federally insured depository institution other than the Bank. The Bank is not under the BHCA Control of any company (as defined in the BHCA and the Federal Reserve’s Regulation Y) other than Company. Except for the Company’s ownership interest in the Bank, neither the Company nor the Bank controls, in the aggregate, more than 5% of the outstanding shares of any class of voting securities, directly or indirectly, of any federally insured depository institution. The Bank is not subject to the liability of any commonly controlled depository institution pursuant to Section 5(e) of the Federal Deposit Insurance Act (12 U.S.C. § 1815(e)).

Common Control. The Company is not and, after giving effect to the offering and sale of the SharesCompany Stock, will not be under the control (as defined in the BHCA and the Federal ReserveReserve Board’s Regulation Y (12 C.F.R. Part 225)) (“BHCA Control”),”) of any company (as defined in the BHCA and the Federal ReserveReserve Board’s Regulation Y). The Company is not in BHCA Control of any federally insured depository institution other than the Bank. The Bank is not under the BHCA Control of any company (as defined in the BHCA and the Federal ReserveReserve Board’s Regulation Y) other than Company. Except for the Company’s ownership interest in the Bank, neither Neither the Company nor the Bank controls, in the aggregate, more than 5% five percent of the outstanding shares of any class of voting securitiesclass, directly or indirectly, of any federally insured depository institution, except for the Company’s ownership of 100% of the capital stock of the Bank. The Bank is not subject to the liability of any commonly controlled depository institution pursuant to Section 5(e) of the Federal Deposit Insurance Act (12 U.S.C. § 1815(e))FDI Act.