The Risk Management Committee and Board of Directors Resolutions Establishing Such Committee

This Charter sets forth the purpose, procedures and duties of the Risk Management Committee. The Committee assists the Board of Directors with understanding and assessing the existing, potential and prospective impact of risk position on future Bank performance. The Committee oversees and works with Bank management to establish strong risk management systems that identify, measure, control and monitor risk and develop key policies with respect to oversight of such risks.

This policy regarding committee charters describes (i) the process by which Bank directors create Committees and appoint members, (ii) the rules regarding how Board Committees are governed and (iii) the rules regarding the authority which may be exercised by Bank Committees.

This model policy is intended to be modified by the bank to meet its specific organization’s needs.

Materials in this policy were prepared by the Boardman & Clark LLP Banking Group.