First Financial Corporation of Western Maryland

In November 1996, First Financial Corporation of Western Maryland entered into a definitive agreement with Keystone Financial, Inc., pursuant to which First Financial Corporation would merge with and into American Trust Bank, N.A., a subsidiary of Keystone. First Financial Corporation of Western Maryland operated as the holding company of First Federal Savings Bank of Western Maryland, as of March 31, 1997. The bank provided retail and commercial financial products, and services to the customers in the mid-Atlantic region of the United States. The bank’s operations consisted of attracting deposits from the general public; and investing such deposits in real estate loans, consumer loans, commercial business loans, investment and mortgage-backed securities, and interest-earning deposits. As of the above date, it operated 10 offices in western Maryland.