MEGABANK FINANCIAL

Megabank Financial Bank has specialized its lending practice in the residential construction industry. The Company's Chairman has extensive experience in the home building industry and has expanded the Bank's lending practice to date such that the Bank is one of the area's leading originators of land development and residential construction loans to small- and medium-sized homebuilders. Currently, the Bank can finance a builder or developer from the acquisition and development loan process, incl... uding assistance with special district financing, through the construction loan phase. During the five years ended December 31, 1997, the Bank originated over $750 million in total loans and during the nine months ended September 30, 1998, originated an additional $231 million of loans. While some of these loans remain on the Company's balance sheet, most have been repaid, refinanced or participated out to other financial institutions. More