FLORIDIAN CUSTODY SERVICES, INC.
WESTON, FLORIDA

About Floridian Custody Services Floridian Custody Services, Inc. (“FCS”) is a wholly owned subsidiary of Floridian Community Holdings, Inc. (“FCH”), a bank holding company regulated by the Federal Reserve Bank of Atlanta. Floridian Community Bank (“FCB”) is a multi-branch state chartered FDIC insured institution, which is also a wholly owned subsidiary of FCH. Both FCB and FCS are based in Davie, Florida. FCS is a third party custodian that has been engaged in the business of providing clearing and custody services to deposit brokers and their clients since August, 2008. During that period, FCS also agreed to sub-service approximately $230 million in assets under custody for Banco Popular North America. In its role as a third party custodian, FCS safe-keeps FDIC insured Certificates of Deposit (“CDs”) on behalf of investors located throughout the United States. The CDs (or evidences thereof) are safe-kept by FCS in accordance with the FDIC’s insurance requirements. The investors in the CDs are typically institutional clients such as credit unions, banks, municipalities and the like, who purchase the CDs through their deposit brokers for the safety of principal that is provided by the FDIC insurance and to obtain more attractive yields over U.S. Treasury securities. Clients who wish to invest in the CDs are instructed by their brokers to wire transfer their funds into a settlement account maintained by FCS at FCB. FCS then establishes the CDs at FDIC insured institutions in FCS’s name as custodian, while maintaining records of the investors’ beneficial ownership interests consistent with FDIC third party custodian record-keeping requirements. The investors have the option to wire transfer funds for multiple settlements and FCS will disburse the funds to invest in the CDs on their behalf in accordance with their deposit brokers’ instructions. FCS will issue safekeeping receipts to the investors upon obtaining confirmation of the CDs’ terms from their deposit brokers and the issuing depository institutions. When a CD matures, the principal is returned to the investor upon receipt of the funds from the issuing depository institution or reinvested, if so directed by the investor’s deposit broker. In its role as a third party custodian, FCS safe-keeps FDIC insured Certificates of Deposit (“CDs”) on behalf of investors located throughout the United States. The CDs (or evidences thereof) are safe-kept by FCS in accordance with the FDIC’s insurance requirements. The investors in the CDs are typically institutional clients such as credit unions, banks, municipalities and the like, who purchase the CDs through their deposit brokers for the safety of principal that is provided by the FDIC insurance and to obtain more attractive yields over U.S. Treasury securities.