Common use of Transactions With Insiders and Affiliates Clause in Contracts

Transactions With Insiders and Affiliates. Except as disclosed in the Company Reports, all transactions between the Company and the Bank and their respective executive officers and directors were conducted on an arm’s length basis and on terms and conditions at least as favorable to the Company as those that would reasonably be expected to be available from an unrelated third party. The Company and the Bank, as applicable, are in compliance with Sections 23A and 23B of the Federal Reserve Act, its implementing regulations, and the Federal Reserve Board’s Regulation O.