KNBT BANCORP

KNBT Bancorp is a Pennsylvania corporation recently organized by Keystone Savings Bank. Keystone Savings Bank is a Pennsylvania-chartered mutual savings bank organized in 1925. Keystone Savings Bank’s main office is in Bethlehem, Pennsylvania and, as of the date of this document, it has 19 offices located in Lehigh, Northampton and Carbon Counties, Pennsylvania. As of March 31, 2003, Keystone Savings Bank had total assets of $1.0 billion, total deposits of $797.4 million and retained earnings of $114.3 million.