HEMLOCK FEDERAL BANK

As a community-oriented financial institution, Hemlock Federal seeks to serve the financial needs of communities in its market area. Hemlock Federal's business involves attracting deposits from the general public and using such deposits, together with other funds, to originate primarily one- to four-family residential mortgage loans and, to a lesser extent, multi-family, consumer and other loans in its market area. The Bank also invests in mortgage-backed and other securities and other permissible investments.