CONVERSION VALUATION APPRAISALS
Savings Institution / Offering Size ($Millions)

Atlantic Liberty Financial Corp. - NY / $17.1
ASB Bancorp, Inc. - NC / $55.8
Atlas Bank - NY (merger conversion) / $15.5
BCSB Bancorp, Inc. - MD (second step) / $19.8
Brookline Bancorp, Inc. - MA  (MHC) / $136.7
CBM Bancorp, Inc. - MD / $42.3
Central Federal Bancshares, Inc. - MO / $17.9
Central Plains Bancshares, Inc. - NE / $41.3
Community First Bancorp - MA / $2.8
Eagle Bancorp Montana, Inc. - MT  (MHC) / $4.6
Eagle Bancorp Montana, Inc. - MT (second step) / $24.6
Eureka Financial Corp. - PA (second step) / $7.6
EWSB Bancorp, Inc. - WI / $7.5
Fairmount Bancorp, Inc. - MD / $4.4
​First Seacoast Bancorp - NH (MHC) / $27.4
First Seacoast Bancorp - NH (second step) / $28.1
First Pennsylvania Savings - PA (merger conversion) / $1.6
FloridaFirst Bancorp, Inc. - FL / $27.0
Fraternity Community Bancorp, Inc. - MD / $15.9
Fullerton Federal Savings - MD (merger conversion) / $0.8
Gaston Federal Bancorp - NC / $21.1
Heritage Financial Group - GA (MHC) / $33.7
Heritage Financial Group - GA (second step) / $65.9
Home Federal Bancorp - LA (second step) / $19.5
HomeTrust Bancshares, Inc. - NC / $211.6
Keystone State Savings Bank - PA (merger conversion) /$1.8
Louisiana Bancorp, Inc. - LA / $65.3
Madison Bancorp, Inc. - MD / $6.1
MB Bancorp, Inc. - MD / $21.2
​Monroe Federal Bancorp, Inc. - OH / $5.3
​NSTS Bancorp, Inc. - IL  / $52.9
Peoples Bankcorp, Inc. - NY / $1.3
PFS Bancorp, Inc. - IL / $17.3
Roma Financial Corp. - NJ (MHC) / $98.2
Security Bancorp, Inc. - TN / $4.4
SFB Bancorp, Inc. - TN / $7.7
SFSB, Inc. - MD (MHC)/ $13.4
SHS Bancorp, Inc. - PA / $8.2
Sunshine Financial, Inc. - FL / $12.3
​Systematic Savings Bank - MO / $6.0
TC Bancshares, Inc. - GA / $49.0
Texas Community Bancshares, Inc. - TX / $32.1
United American Savings Bank - PA / $3.0
Viewpoint Financial Group - TX (MHC) / $116.0
Viewpoint Financial Group - TX (second step) / $198.6
Vigilant Federal Savings Bank - MD (merger conversion) / $3.0
Wellesley Bancorp, Inc. - MA / $22.5

Insurance Company / Offering Size ($Millions)

​ARI Mutual Insurance Company - PA / $28.0
Eastern Insurance Holdings - PA / $74.8
Educators Mutual Life Insurance Company - PA / $57.8
Illinois Casualty Company - IL / $35.0
Lebanon Mutual Insurance Company - PA / NA
Nodak Mutual Insurance Company - ND / $103.5
Physicians' Insurance Program Exchange - PA / $9.4
Positive Physicians Insurance Exchange - PA / $15.7
Professional Casualty Association - PA / $11.1
Standard Mutual Insurance Company - IL / $24.0

STRATEGIC PLANNING

Advance Bank - MD
Central Bancorp, Inc. - MA
Falmouth Bancorp, Inc. - MA
First Federal Bank - AL
Laurel Capital Group, Inc. - PA
​Municipal Employees Credit Union - MD
Mutual Community Savings Bank - NC

CREDIT UNION CLIENTS

Achieva Credit Union - FL
AMOCO Federal Credit Union - TX
Avadian Credit Union - AL
Elevations Credit Union - CO
First Basin Credit Union - TX
Five Star Credit Union - AL
​Freedom Federal Credit Union - MD
Georgia's Own Credit Union - GA
HAR-CO Credit Union - MD
IC Federal Credit Union - MA
Monterey Credit Union - CA
Municipal Employees Credit Union - MD
Redstone Federal Credit Union - AL
Texas Dow Employees Credit Union - TX
Velocity Credit Union - TX

BUSINESS PLANS

Abington Bank - PA
Alliance Bank - PA
Amalgamated Bank - NY
Bank of Ruston - LA
Beneficial Mutual Savings Bank - PA
Brookline Savings Bank - MA
​Capitol Federal Savings Bank - KS
Century Bank - OH
Citizens Community Federal - WI
Clifton Savings Bank - NJ
Coastway Community Bank - RI
​Fifth District Savings Bank - LA
​First Bank Richmond - IN
First Federal of Port Angeles - WA
Franklin Federal Savings Bank - VA
Gaston Federal S&LA - NC
​Gouverneur S&LA - NY
HAR-CO Credit Union - MD
Home Bank - LA
Kaiser Federal Bank - CA
LaPorte Savings Bank - IN
Malvern Federal Savings Bank - PA
MBL Bank - LA
Midwest Federal S&LA - MO
OmniAmerican Bank - TX
Opportunity Bank - MT
​Oritani Savings Bank - NJ
People's United Bank - CT
SharePlus Federal Bank - TX
​Somerset Savings Bank - NJ
Sound Community Bank - WA
State-Investors Bank - LA
William Penn Bank - PA

DE NOVO BUSINESS PLANS

Banco BuenaVentura - CA
Congressional Bank - MD
First Florida Bank - FL
Frontier Bank - UT
Golden First Bank - NY
Passumpsic Bancorp - VT
Tarpon National Bank - FL

VALUATION AND CONSULTING

Airbus Americas - VA
CIMNET, Inc. - PA
​Citizens Banking Corporation - FL
CompuCredit Corporation - GA
Commonwealth National Bank - AL
Conference of State Bank Supervisors - DC
Damascus Community Bank - MD
Delaware Department of Insurance
District of Columbia Dept. of Insurance, Securities & Banking
Downey Communications, Inc. - MD
Eagle Bancorp Montana, Inc. - MT
Empower IT, Inc. - MD
Fidelity Bancorp, Inc. - PA
FirstFed Bancorp, Inc. - AL
Global Environment Fund - DC
Harbourton Mortgage Investment Corp. - VA
HomeTrust Bank - NC
HopFed Bancorp, Inc. - KY
IBERIABANK Corp. - LA
​Illinois Department of Insurance
Imperial Business Credit, Inc. - CA
Intrieve Inc. - OH
Leesport Financial Corp. - PA
Marquette Savings Bank - PA
Mesia.com Corp. - VA
Mutual Capital Investment Fund - PA
Northway Financial, Inc. - NH
Old Line Bancshares, Inc. - MD
Pennsylvania Insurance Department
Pinnacle Bancshares, Inc. - AL
Prosperity Banking Company - FL
Rhode Island Depositors' Economic Protection Corp.
Riverside Banking Company - FL
Rothschild Realty Managers, LLC - NY
Salisbury Bank - CT
Southern Banc Company - AL
Sterling Financial Corp. - WA
Temple-Inland Financial Services - TX
Trans World Corporation - NY
USGI Holdings, Inc. - CT