Pelican Financial Inc.

As of April 21, 2006, Pelican Financial Inc. was acquired by Stark Bank Group Ltd. Pelican Financial, Inc. operates as the holding company for Pelican National Bank (bank). The bank primarily provides retail banking services primarily in Naples, Cape Coral, Bonita Springs, and Fort Myers in Florida. It accepts time and demand deposits from the general public; and originates secured and unsecured consumer, commercial, commercial real estate, residential construction, and single-family residential mortgage loans, as well as home equity and personal lines of credit. Pelican National also offers other services, including money orders, traveler’s checks, cashier’s checks and savings bonds, wire transfer and direct deposit services, and safe deposit boxes. As of December 31, 2004, the bank operated six branches in Florida. Pelican Financial was incorporated in 1997 and is based in Ann Arbor, Michigan.