More Financial System Stabilization Measures

1. NEW TREASURY CAPITAL PURCHASE PROGRAM OFFERS CAPITAL TO U.S. BANKS AND THRIFTS, WITH STRINGS ATTACHED; ENROLLMENT ACTION NEEDED BY NOVEMBER 14

Following the lead of several European central banks, the U.S. Treasury announced on October 14 a capital purchase program (the "Program") pursuant to which it will purchase up to $250 billion of preferred stock to be issued by U.S. banks, savings associations and their holding companies. However, prompt action must be taken in order to participate. Qualifying financial institutions that wish to participate in the Program must elect to do so by 5:00 pm EDT on November 14, 2008. Treasury will determine eligibility and capital allocations for interested applicants in consultation with the appropriate federal banking agency.