FELDMAN FINANCIAL ADVISORS, INC.TC Bancshares, Inc. • March 12th, 2021
This letter sets forth the agreement (“Agreement”) between TC Federal Bank (the “Bank”) and Feldman Financial Advisors, Inc. (“FFA”), whereby the Bank has engaged FFA to provide an independent appraisal of the estimated aggregate pro forma market value (the “Valuation”) of the Bank in connection with the conversion of the Bank from the mutual to stock form of organization and the simultaneous issuance of common stock by the Bank or a newly formed holding company (the “Conversion”).
