Federal Trust Corporation

Federal Trust Corporation ("Federal Trust") is the sole shareholder of Federal Trust Bank (the "Bank") and Federal Trust Mortgage Company (the "Mortgage Company"). Federal Trust operates as a unitary savings and loan holding company. Federal Trust’s primary business activity is the operation of the Bank and the Mortgage Company. The Bank is a federally-chartered stock savings bank. The Bank’s deposits are insured up to applicable limits by the Federal Deposit Insurance Corporation. The Bank provides a wide range of banking services to individual and corporate customers through its 11 full-service branch offices located in Orange, Seminole, Volusia, Lake and Flagler Counties, Florida. Until April 30, 2008, the Mortgage Company originated residential mortgage loans, purchased and sold mortgage loans in the secondary market, and serviced residential mortgage loans including loans in the Bank’s portfolio.