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FIRREA STATEMENT <br />As per FIRREA bulletin #94-55, last updated June 7, 1994, the OCC, FRB, FDIC <br />and OTS have agreed to reduce the original FIRREA supervisory appraisal standards <br />from 14 to 5. The accompanying appraisal does meet or exceed the following FIRREA <br />Standards: <br />1. Complies with Uniform Standards for Professional Appraisal Practice (USPAP). <br />2. Is sufficiently written and informative to support the institution's lending <br />decision. <br />3. Analysis, deductions and/or discounts are appropriately discussed, when <br />necessary. <br />4. Is based on the definition of Market Value as stated earlier in this appraisal. <br />5. This appraisal was performed by a State licensed or Certified appraiser. <br />25 <br />