<html>
<head>
	<title>pstb20171010_8k.htm</title>
	<!-- Created by RDG HTML Converter v1.1.0.0 10/10/2017 8:22:16 AM --><meta charset="utf-8"><meta name="format-detection" content="telephone=no"/>
</head>
<body style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-right: 10px; margin-left: 10px; cursor: auto;">
<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>UNITED STATES</b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>WASHINGTON, D.C. 20549</b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>FORM<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;8-K</font></b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>CURRENT REPORT</b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Pursuant to Section<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;13 or 15(d)&nbsp;of the Securities Exchange Act of 1934</font></b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">Date of Report (Date of earliest event reported):<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"> <b>October </b><b>13</b><b>, 2017</b></font></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Park Sterling Corporation</b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(Exact name of registrant as specified in its charter)</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" id="TBL1" style="width: 100%; text-indent: 0px; font-family: Times New Roman, Times, serif; font-size: 10pt;">

		<tr>
			<td style="width: 32%; vertical-align: top;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>North Carolina</b></p>
			</td>
			<td style="width: 2%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>&nbsp;</b></p>
			</td>
			<td style="width: 32%; vertical-align: top;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>001-35032</b></p>
			</td>
			<td style="width: 2%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>&nbsp;</b></p>
			</td>
			<td style="width: 32%; vertical-align: top;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>27-4107242</b></p>
			</td>
		</tr>
		<tr>
			<td style="width: 32%; vertical-align: top;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(State or other jurisdiction</p>
			</td>
			<td style="width: 2%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
			<td style="width: 32%; vertical-align: top;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(Commission File</p>
			</td>
			<td style="width: 2%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
			<td style="width: 32%; vertical-align: top;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(IRS Employer</p>
			</td>
		</tr>
		<tr>
			<td style="width: 32%; vertical-align: top;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">of incorporation)</p>
			</td>
			<td style="width: 2%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
			<td style="width: 32%; vertical-align: top;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">Number)</p>
			</td>
			<td style="width: 2%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
			<td style="width: 32%; vertical-align: top;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">Identification No.)</p>
			</td>
		</tr>

</table>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" id="TBL2" style="width: 100%; text-indent: 0px; font-family: Times New Roman, Times, serif; font-size: 10pt;">

		<tr>
			<td style="width: 49%; vertical-align: top;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>1043 E. Morehead Street, Suite 201, Charlotte, NC</b></p>
			</td>
			<td style="width: 2%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>&nbsp;</b></p>
			</td>
			<td style="width: 49%; vertical-align: top;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>28204</b></p>
			</td>
		</tr>
		<tr>
			<td style="width: 49%; vertical-align: top;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(Address of principal executive offices)</p>
			</td>
			<td style="width: 2%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
			<td style="width: 49%; vertical-align: top;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(Zip Code)</p>
			</td>
		</tr>

</table>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">Registrant<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&rsquo;s telephone number, including area code: <b>(704) 716-2134</b></font></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Not Applicable</b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(Former name or former address, if changed since last report)</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Check the appropriate box below if the Form<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&#9745;<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</font></p>

<p style="margin: 0pt 0pt 0pt 13.2pt; text-align: left; text-indent: -13.2pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&#9744;<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>

<p style="margin: 0pt 0pt 0pt 13.2pt; text-align: left; text-indent: -13.2pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&#9744;<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17 CFR 240.14d-2(b))</font></p>

<p style="margin: 0pt 0pt 0pt 13.2pt; text-align: left; text-indent: -13.2pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&#9744;<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17 CFR 240.13e-4(c))</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act (17 CFR 240.12b-2)</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Emerging growth company<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"> &#9744;</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"> &#9744;</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp; &nbsp; &nbsp;</font></p>

<div id="PGBK" style="width: 100%; margin-right: 0pt; margin-left: 0pt;">
<div id="PGNUM" style="width: 100%; text-align: center;">&nbsp;</div>

<hr style="border: currentColor; border-image: none; width: 100%; height: 2px; color: rgb(0, 0, 0); page-break-after: always; background-color: rgb(0, 0, 0);">
<div id="PGHDR" style="width: 100%; text-align: left;">&nbsp;</div>
</div>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp; &nbsp;&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Item<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</font></b><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>8</b><b>.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b><b>Other Events</b><b>.</b></font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">As previously <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">disclosed, Park Sterling Corporation (&ldquo;<b>Park Sterling</b>&rdquo;) and South State Corporation (&ldquo;<b>South State</b>&rdquo;) entered into an Agreement and Plan of Merger, dated April 26, 2017, pursuant to which and subject to the terms and conditions set forth therein, Park Sterling will merge with and into South State, with South State as the surviving corporation in the merger. The proposed merger is described in the Joint Proxy Statement/Prospectus, dated September 12, 2017, filed with the Securities and Exchange Commission (the &ldquo;<b>SEC</b>&rdquo;) and mailed to all shareholders of record of each of Park Sterling and South State in connection with the merger (the &ldquo;<b>Joint Proxy Statement/Prospectus</b>&rdquo;). </font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">A<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">s previously disclosed in the Joint Proxy Statement/Prospectus, on August 14, 2017, a putative class action complaint, captioned Roskopf v. Park Sterling Corp., C.A. No. 3:17-cv-00483 (the &ldquo;<b>Roskopf Action</b>&rdquo;), was filed in the U.S. District Court for the Western District of North Carolina in connection with the merger. On August 15, 2017, a similar class action lawsuit was filed in the same court, captioned Parshall v. Park Sterling Corp., C.A. No. 3:17-cv-00490 (the &ldquo;<b>Parshall Action</b>&rdquo; and together with the Roskopf Action, the &ldquo;<b>Actions</b>&rdquo;). Both Actions named as defendants Park Sterling and the Park Sterling board of directors, and the Parshall Action also named South State as a defendant.</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">The complaints in the Actions allege that Park Sterling, the Park Sterling board of directors and, in the Parshall Action, South State<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">, omitted and/or provided misleading information in the registration statement on Form S-4 filed with the SEC in connection with the merger in violation of the Securities Exchange Act of 1934, as amended, and related SEC regulations. </font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">Park Sterling believes that <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">the claims asserted in the Actions are without merit and specifically denies that any further supplemental disclosure is required under applicable law; however, to avoid the burden and expense of further litigation and to avoid the risk that the Actions may delay or otherwise adversely affect the consummation of the merger, Park Sterling wishes to voluntarily make the supplemental disclosures related to the proposed merger set forth below.</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Supplements to the Joint Proxy Statement/Prospectus</b></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">The following materials supplement the statements contained in the Joint Proxy Statement/Prospectus and should be read in conjunction with <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">the Joint Proxy Statement/Prospectus and the documents incorporated therein in their entirety. To the extent the information set forth herein differs from or updates information contained in the Joint Proxy Statement/Prospectus, the information set forth herein shall supersede or supplement the information in the Joint Proxy Statement/Prospectus. Nothing in this Current Report shall be deemed an admission of the legal necessity or materiality of the disclosures set forth herein, either separately or taken together. All page references are to pages in the Joint Proxy Statement/Prospectus, and terms used below, unless otherwise defined, have the meanings set forth in the Joint Proxy Statement/Prospectus.</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>The section of the Joint Proxy Statement/Prospectus titled &ldquo;The Merger<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&ndash;Background of the Merger&rdquo; is hereby amended and supplemented by </font></i><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>amending and restating the first paragraph on page 52 as follows</i><i>:</i></font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">In February 2016, Messrs. Robert R. Hill, Jr., South State<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&rsquo;s Chief Executive Officer, and James C. Mabry IV, South State&rsquo;s Executive Vice President, Investor Relations and Mergers &amp; Acquisitions, reached out to Mr. James C. Cherry, Park Sterling&rsquo;s Chief Executive Officer, regarding South State&rsquo;s interest in exploring a combination of South State and Park Sterling. Thereafter, during the first half of 2016, the parties engaged in preliminary discussions regarding a potential strategic transaction with the authorization of their respective boards of directors. As part of these preliminary discussions, South State indicated that an important element in a transaction would be the continued role in the combined company of certain members of Park Sterling&rsquo;s management team, including potentially Mr. Cherry, Donald K. Truslow, Park Sterling&rsquo;s Chief Financial Officer, Bryan Kennedy, Park Sterling&rsquo;s President, and Nancy Foster, Park Sterling&rsquo;s Chief Risk Officer. In connection with these discussions, in early May 2016, Park Sterling formally engaged Stephens as its financial advisor. The parties ultimately did not reach agreement on transaction terms and determined to cease discussions in late May 2016, with the understanding that they would remain in touch in the future.</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp; &nbsp;</p>

<div id="PGBK" style="width: 100%; margin-right: 0pt; margin-left: 0pt;">
<div id="PGNUM" style="width: 100%; text-align: center;">&nbsp;</div>

<hr style="border: currentColor; border-image: none; width: 100%; height: 2px; color: rgb(0, 0, 0); page-break-after: always; background-color: rgb(0, 0, 0);">
<div id="PGHDR" style="width: 100%; text-align: left;">&nbsp;</div>
</div>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp; &nbsp;&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>The section of the Joint Proxy Statement/Prospectus titled &ldquo;The Merger<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&ndash;Background of the Merger&rdquo; is hereby amended and supplemented by </font></i><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>inserting the following at the end of the penultimate paragraph on page 52</i><i>:</i></font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">At this meeting, South State proposed that one Park Sterling director, Mr. Cherry, would be appointed to the South State board of directors and, in a follow-on meeting, Mr. Hill discussed with Mr. Cherry in general terms potential arrangements for Messrs. Cherry, Kennedy and Truslow and that Ms. Foster was not anticipated to have a management role in the combined company.</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>The section of the Joint Proxy Statement/Prospectus titled &ldquo;The Merger<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&ndash;Background of the Merger&rdquo; is hereby amended and supplemented by </font></i><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>inserting the following at the end of the paragraph </i><i>beginning </i><i>on page 52</i><i> </i><i>and ending on page 53</i><i>:</i></font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">After the meeting, Mr. Cherry called Mr. Hill to relay the Park Sterling board<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&rsquo;s interest in holding further discussions, and communicated the Park Sterling board&rsquo;s request that South State consider offering another seat on the South State board of directors to a current Park Sterling director to ensure the continued representation of former Park Sterling shareholders on the combined company&rsquo;s board of directors.</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>The section of the Joint Proxy Statement/Prospectus titled &ldquo;The Merger<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&ndash;Background of the Merger&rdquo; is hereby amended and supplemented by </font></i><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>inserting the following at the end of the fourth full paragraph on page 53</i><i>:</i></font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">Mr. Hill also communicated to Mr. Cherry that, if the transaction moved forward, South State would be willing to offer a second board seat to a Park Sterling director<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">.</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>The section of the Joint Proxy Statement/Prospectus titled &ldquo;The Merger<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&ndash;Background of the Merger&rdquo; is hereby amended and supplemented by </font></i><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>inserting the following at the end of the fourth full paragraph on page 54 as follows</i><i>:</i></font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">The draft merger agreement provided that Mr. Cherry and one other current member of the Park Sterling board of directors as designated by South State would be appointed to the South State board of directors.</p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>The section of the Joint Proxy Statement/Prospectus titled &ldquo;The Merger<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&ndash;Background of the Merger&rdquo; is hereby amended and supplemented by amending and restating the sixth </font></i><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>full </i><i>paragraph on page 5</i><i>4</i><i> as follows:</i></font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">On April 19, 2017, representatives of McGuireWoods provided Wachtell Lipton a revised draft of the merger agreement, <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">which included a provision that Mr. Cherry and one other current member of the Park Sterling board of directors mutually agreed by the parties would be appointed to the South State board of directors. Over the course of the following week representatives of McGuireWoods and Wachtell Lipton exchanged several additional drafts of the merger agreement and related transaction documents, and discussed and negotiated the terms and conditions set forth in the merger agreement and related transaction documents.</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>The section of the Joint Proxy Statement/Prospectus titled &ldquo;The Merger<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&ndash;Background of the Merger&rdquo; is hereby amended and supplemented by </font></i><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>inserting the following two paragraphs immediately following the sixth </i><i>full </i><i>paragraph on page 54</i><i>:</i></font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">On Friday, April 21, 2017, Mr. Hill sent to Mr. Cherry term sheets for a consulting agreement for Mr. Cherry and employment agreements for Messrs. Kennedy and Truslow and communicated that Ms. Foster would not be offered a contract.</p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">On Monday, April 24, 2017, South State provided a draft consulting agreement to Mr. Cherry and draft employment contracts to each of Messrs. Kennedy and Truslow based on the term sheets that had been provided on April 21, 2017. Between April 24 and April 26, Messrs. Cherry, Kennedy and Truslow, on the one hand, and South State, on the other hand, worked to finalize those agreements, which were executed concurrently with the execution of the merger agreement.</p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-right: 0pt; margin-left: 0pt;">
<div id="PGNUM" style="width: 100%; text-align: center;">&nbsp;</div>

<hr style="border: currentColor; border-image: none; width: 100%; height: 2px; color: rgb(0, 0, 0); page-break-after: always; background-color: rgb(0, 0, 0);">
<div id="PGHDR" style="width: 100%; text-align: left;">&nbsp;</div>
</div>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>The section of the </i><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>Joint</i><i> Proxy Statement</i><i>/Prospectus</i><i> titled &ldquo;</i><i>The Merger</i><i>&mdash;</i><i>Opinion of Park Sterling&rsquo;s Financial Advisor</i><i>&mdash;</i></font><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>Selected Public Companies Analysis</i><i>&rdquo; is </i><i>hereby </i><i>amended and supplemented </i><i>by </i><i>inserting the following </i></font><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>tabular disclosure on page 76 at the beginning of that page:</i></font><i>&nbsp;</i></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Stephens<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&rsquo;s analysis showed the following concerning the financial performance, financial condition and market performance of Park Sterling and the selected companies:</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" id="TBL8" style="margin: 0pt; width: 100%; text-indent: 0px; font-family: Times New Roman; font-size: 8pt;">

		<tr>
			<td style="width: 13%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 5%; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 1%; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Tier 1</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Total</b></p>
			</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>MRQ</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>MRQ</b></p>
			</td>
			<td style="width: 6%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;"><b>Price /</b></td>
			<td style="width: 6%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 7%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
		</tr>
		<tr>
			<td style="width: 13%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 5%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>NPAs /</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>TCE /</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Leverage</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Capital</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Capital</b></p>
			</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Core</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Core</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>MRQ</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>MRQ</b></p>
			</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>TBV<font style="font-size: 7pt;"><sup>(5)</sup></font></b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Price /</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Price /</b></p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Price /</b></p>
			</td>
		</tr>
		<tr>
			<td style="width: 13%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 5%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Assets</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>TA<font style="font-size: 7pt;"><sup>(1)</sup></font></b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Ratio</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Ratio</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Ratio</b></p>
			</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>ROAA<font style="font-size: 7pt;"><sup>(2)</sup></font></b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>ROAE<font style="font-size: 7pt;"><sup>(3)</sup></font></b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>NIM<font style="font-size: 7pt;"><sup>(4)</sup></font></b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Efficiency</b></p>
			</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>per share</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>LTM EPS</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>2017E EPS</b></p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>2018E EPS</b></p>
			</td>
		</tr>
		<tr>
			<td style="width: 13%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; font-family: Times New Roman; font-size: 8pt;"><b>Company</b></p>
			</td>
			<td style="width: 5%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Ticker</b></p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(%)</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(%)</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(%)</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(%)</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(%)</b></p>
			</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(%)</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(%)</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(%)</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(%)</b></p>
			</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(x)</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(x)</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(x)</b></p>
			</td>
			<td style="width: 7%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(x)</b></p>
			</td>
		</tr>
		<tr>
			<td style="width: 13%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 5%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 13%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Fidelity Southern Corporation</p>
			</td>
			<td style="width: 5%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">LION</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.45</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">7.98</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.48</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.51</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.20</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.95</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">11.62</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.17</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">72.5</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.75</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.3</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">14.9</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.3</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 13%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">FB Financial Corporation</p>
			</td>
			<td style="width: 5%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">FBK</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.63</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.34</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.46</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.42</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.28</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.30</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.39</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">4.28</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">73.4</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.28</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">19.2</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">20.8</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">16.2</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 13%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">First Bancorp</p>
			</td>
			<td style="width: 5%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">FBNC</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.64</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.17</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.17</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.49</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.36</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.97</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.35</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.96</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">66.4</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.49</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">23.2</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">18.0</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">14.7</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 13%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">State Bank Financial Corporation</p>
			</td>
			<td style="width: 5%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">STBZ</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.49</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.67</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">14.90</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">14.78</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">15.53</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.42</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.23</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">4.59</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">58.7</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.99</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">19.5</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">19.8</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">17.6</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 13%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Xenith Bankshares, Inc.</p>
			</td>
			<td style="width: 5%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">XBKS</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.00</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.38</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.74</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.15</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.23</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.74</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">5.24</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.29</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">60.1</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.41</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">NM&nbsp;</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">24.2</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">18.0</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 13%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">HomeTrust Bancshares, Inc.</p>
			</td>
			<td style="width: 5%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">HTBI</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.77</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.66</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.17</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">14.87</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">15.83</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.49</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.72</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.33</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">76.5</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.36</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">29.2</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">27.5</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">24.3</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 13%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Franklin Financial Network, Inc.</p>
			</td>
			<td style="width: 5%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">FSB</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.15</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.85</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.28</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">11.75</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">15.09</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.96</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">11.42</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.29</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">52.8</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.94</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">16.7</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">15.3</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">11.6</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 13%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Atlantic Capital Bancshares, Inc.</p>
			</td>
			<td style="width: 5%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">ACBI</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.33</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.27</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.09</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.30</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.31</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.30</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.67</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.12</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">76.1</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.76</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">34.2</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">27.3</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">20.2</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 13%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Access National Corporation</p>
			</td>
			<td style="width: 5%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">ANCX</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.57</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.65</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.90</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.25</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">11.51</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.08</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.09</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.46</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">65.8</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.55</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">17.9</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">19.3</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">15.4</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 13%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Southern National Bancorp of Virginia, Inc.</p>
			</td>
			<td style="width: 5%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">SONA</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.96</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.16</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.56</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.69</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.63</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.94</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.53</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.87</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">50.1</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.02</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">22.3</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">NM</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">15.3</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 13%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">First Community Bancshares, Inc.</p>
			</td>
			<td style="width: 5%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">FCBC</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.42</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.34</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">11.07</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">14.74</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">15.79</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.93</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">6.63</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">4.01</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">61.6</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.88</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">17.3</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">17.0</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.5</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 13%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Carolina Financial Corporation</p>
			</td>
			<td style="width: 5%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">CARO</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.71</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.58</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.49</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">14.09</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">14.97</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.28</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.74</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.93</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">63.8</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.18</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">18.2</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">17.4</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">14.7</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 13%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Old Line Bancshares, Inc.</p>
			</td>
			<td style="width: 5%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">OLBK</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.59</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.10</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.60</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.51</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.27</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.08</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">11.66</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.67</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">56.8</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.13</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">22.3</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">17.3</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.5</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 13%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">WashingtonFirst Bankshares, Inc.</p>
			</td>
			<td style="width: 5%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">WFBI</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.37</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.01</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.86</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">11.53</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.90</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.87</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.72</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.48</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">64.0</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.98</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">19.9</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">18.5</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">16.6</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 13%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">75th Percentile</p>
			</td>
			<td style="width: 5%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.44</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.52</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.70</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.74</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">15.06</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.08</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">11.57</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.95</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">71.0</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.17</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">22.3</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">20.8</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">17.3</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 13%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Average</p>
			</td>
			<td style="width: 5%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.93</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.01</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.34</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.22</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.85</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.95</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.86</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.67</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">64.2</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.05</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">21.0</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">19.8</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">16.1</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 13%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Median</p>
			</td>
			<td style="width: 5%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.67</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.75</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.32</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.29</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.50</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.96</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.29</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.57</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">63.9</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.99</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">19.5</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">18.5</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">15.4</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 13%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">25th Percentile</p>
			</td>
			<td style="width: 5%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.51</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.70</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.14</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.61</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.24</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.88</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">7.11</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.30</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">59.0</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.79</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">17.9</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">17.3</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.8</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 13%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Park Sterling Corporation</p>
			</td>
			<td style="width: 5%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">PSTB</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.46</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.89</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.99</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.01</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.48</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.93</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.41</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.68</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">63.6</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.27</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">22.8</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">20.8</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">17.8</p>
			</td>
		</tr>

</table>

<hr style="margin: 3pt auto 3pt 0px; border: currentColor; border-image: none; width: 10%; height: 1px; text-align: left; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0);">
<table border="0" cellpadding="0" cellspacing="0" id="TBL3" style="width: 100%; font-size: 10pt;">

		<tr>
			<td colspan="1" style="width: 14.6%; vertical-align: middle;">
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">(1)&nbsp;&nbsp;&nbsp;&nbsp; Tangible Common Equity / Tangible Assets.</p>
			</td>
		</tr>
		<tr>
			<td colspan="1" style="width: 45.2%; vertical-align: middle;">
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">(2)&nbsp;&nbsp;&nbsp;&nbsp; Return on Average Assets. Core income excludes extraordinary items, nonrecurring items and gains / (losses) on sale of securities.</p>
			</td>
		</tr>
		<tr>
			<td colspan="1" style="width: 45.2%; vertical-align: middle;">
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">(3)&nbsp;&nbsp;&nbsp;&nbsp; Return on Average Equity. Core income excludes extraordinary items, nonrecurring items and gains / (losses) on sale of securities.</p>
			</td>
		</tr>
		<tr>
			<td style="width: 11.1%; vertical-align: middle;">
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">(4)&nbsp;&nbsp;&nbsp;&nbsp; Net Interest Margin.</p>
			</td>
		</tr>
		<tr>
			<td style="width: 11.1%; vertical-align: middle;">
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">(5)&nbsp;&nbsp;&nbsp;&nbsp; Tangible Book Value.</p>
			</td>
		</tr>

</table>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-right: 0pt; margin-left: 0pt;">
<div id="PGNUM" style="width: 100%; text-align: center;">&nbsp;</div>

<hr style="border: currentColor; border-image: none; width: 100%; height: 2px; color: rgb(0, 0, 0); page-break-after: always; background-color: rgb(0, 0, 0);">
<div id="PGHDR" style="width: 100%; text-align: left;">&nbsp;</div>
</div>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>The section of the Joint Proxy Statement/Prospectus titled &ldquo;The Merger</i><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>&mdash;</i><i>Opinion of Park Sterling&rsquo;s Financial Advisor</i><i>&mdash;</i></font><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>Selected Public Companies Analysis</i><i>&rdquo; is hereby amended and supplemented by replacing </i><i>all of </i><i>the </i></font><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>tabular disclosure on page 78, in its entirety, with the following:</i></font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" id="TBL5" style="width: 100%; text-indent: 0px; font-family: Times New Roman, Times, serif; font-size: 10pt;">

		<tr>
			<td style="width: 18%; vertical-align: middle;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 1%; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Tier 1</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Total</b></p>
			</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>MRQ</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>MRQ</b></p>
			</td>
			<td style="width: 6%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;"><b>Price /</b></td>
			<td style="width: 6%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 7%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
		</tr>
		<tr>
			<td style="width: 18%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>NPAs /</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>TCE /</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Leverage</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Capital</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Capital</b></p>
			</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Core</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Core</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>MRQ</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>MRQ</b></p>
			</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>TBV</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Price /</b></p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Price /</b></p>
			</td>
		</tr>
		<tr>
			<td style="width: 18%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Assets</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>TA</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Ratio</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Ratio</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Ratio</b></p>
			</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>ROAA</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>ROAE</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>NIM</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Efficiency</b></p>
			</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>per share</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>2017E EPS</b></p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>2018E EPS</b></p>
			</td>
		</tr>
		<tr>
			<td style="width: 18%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Company</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Ticker</b></p>
			</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(%)</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(%)</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(%)</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(%)</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(%)</b></p>
			</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(%)</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(%)</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(%)</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(%)</b></p>
			</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(x)</b></p>
			</td>
			<td style="width: 6%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(x)</b></p>
			</td>
			<td style="width: 7%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(x)</b></p>
			</td>
		</tr>
		<tr>
			<td style="width: 18%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 7%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 18%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Trustmark Corporation</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">TRMK</p>
			</td>
			<td style="width: 1%; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.84</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.80</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.90</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.79</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.61</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.91</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">7.83</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.44</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">68.7</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.95</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">18.5</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">16.8</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 18%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Home BancShares, Inc.</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">HOMB</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.87</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.72</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.63</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.01</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.97</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.92</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">14.30</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">4.64</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">36.9</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.70</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">19.1</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">15.6</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 18%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Simmons First National Corporation</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">SFNC</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.48</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.38</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.94</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.75</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">14.40</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.07</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">7.72</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.98</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">62.3</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.38</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">16.0</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.2</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 18%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Community Bank System, Inc.</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">CBU</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.30</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.16</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.35</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">18.10</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">19.10</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.33</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.28</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.60</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">60.7</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.69</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">23.4</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">21.5</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 18%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">United Community Banks, Inc.</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">UCBI</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.91</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.71</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.54</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">11.23</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.04</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.09</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.55</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.36</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">55.6</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.15</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">17.3</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">15.4</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 18%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Capital Bank Financial Corp.</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">CBF</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.80</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.62</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">11.63</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.43</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.96</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.97</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">7.41</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.68</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">58.6</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.14</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">22.3</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">19.2</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 18%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Renasant Corporation</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">RNST</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.77</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.00</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.59</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.86</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">15.03</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.21</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.01</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">4.26</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">60.2</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.67</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">18.9</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">15.8</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 18%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">WesBanco, Inc.</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">WSBC</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.49</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.34</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.97</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.21</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">14.22</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.11</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">7.96</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.38</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">54.7</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.40</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">16.4</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">14.9</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 18%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Northwest Bancshares, Inc.</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">NWBI</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.08</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.94</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.53</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">14.00</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">14.87</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.79</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">6.50</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.70</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">67.4</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.06</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">18.1</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">17.0</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 18%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">FCB Financial Holdings, Inc.</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">FCB</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.50</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.26</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.50</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.20</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.80</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.68</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">15.23</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.25</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">43.4</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.22</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">18.0</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">15.0</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 18%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Provident Financial Services, Inc.</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">PFS</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.85</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.14</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.25</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">11.64</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.50</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.97</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">7.35</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.09</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">57.3</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.09</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">17.8</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">16.2</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 18%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Customers Bancorp, Inc.</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">CUBI</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.34</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">6.63</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.07</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">11.41</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.05</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.19</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.35</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.85</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">42.2</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.48</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.3</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.5</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 18%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">NBT Bancorp Inc.</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">NBTB</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.65</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">7.46</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.08</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">11.43</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.40</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.94</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.09</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.41</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">61.4</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.68</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">20.7</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">18.5</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 18%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Union Bankshares Corporation</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">UBSH</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.53</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.36</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.79</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.77</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.29</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.94</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">7.87</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.61</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">63.6</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.28</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">18.6</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">15.7</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 18%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">75th Percentile</p>
			</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.87</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.32</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.58</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.38</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">14.36</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.21</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.23</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.69</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">62.1</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.60</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">19.0</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">16.9</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 18%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Median</p>
			</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.79</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.87</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.16</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.50</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.45</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.08</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.48</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.52</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">59.4</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.25</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">18.3</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">15.7</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 18%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">25th Percentile</p>
			</td>
			<td style="width: 6%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.50</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.34</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.39</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">11.48</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.84</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.95</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">7.75</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.37</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">54.9</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.10</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">17.5</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">15.1</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 18%; vertical-align: bottom;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; text-indent: -9pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">South State Corporation</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">SSB</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">0.35</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.85</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.00</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.80</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.30</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.25</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.67</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">4.08</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">60.7</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: bottom;">&nbsp;</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.85</p>
			</td>
			<td style="width: 6%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">21.7</p>
			</td>
			<td style="width: 7%; vertical-align: bottom;">
			<p style="margin: 0pt; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">17.9</p>
			</td>
		</tr>

</table>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>The section of the Joint Proxy Statement/Prospectus titled &ldquo;The Merger</i><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>&mdash;</i><i>Opinion of Park Sterling&rsquo;s Financial Advisor</i><i>&mdash;</i></font><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>Selected Transaction Analysis</i><i>&rdquo; is hereby amended and supplemented by adding the following </i></font><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>tabular disclosure</i><i> </i><i>immediately following the </i><i>existing </i><i>tabular disclosure on page 79</i><i>:</i></font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" id="TBL6" style="margin: 0pt; width: 100%; text-indent: 0px; font-family: Times New Roman; font-size: 8pt;">

		<tr>
			<td style="width: 26%; vertical-align: middle;">&nbsp;</td>
			<td style="width: 25%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 12%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 8%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Premium</b></p>
			</td>
			<td style="width: 7%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
		</tr>
		<tr>
			<td style="width: 26%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 25%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 12%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Price / TBV</b></p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Price /<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</font></b></p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Price /<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</font></b></p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>to Core</b></p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Market</b></p>
			</td>
		</tr>
		<tr>
			<td style="width: 26%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 25%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 12%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Annc.</b></p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>TBV</b></p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>LTM EPS</b></p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>NTM EPS</b></p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Deposits</b></p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Premium</b></p>
			</td>
		</tr>
		<tr>
			<td style="width: 26%; vertical-align: middle; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Buyer</b></p>
			</td>
			<td style="width: 25%; vertical-align: middle; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Target</b></p>
			</td>
			<td style="width: 12%; vertical-align: middle; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>Date</b></p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(x)</b></p>
			</td>
			<td style="width: 7%; vertical-align: middle; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(x)</b></p>
			</td>
			<td style="width: 8%; vertical-align: middle; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(x)</b></p>
			</td>
			<td style="width: 7%; vertical-align: middle; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(%)</b></p>
			</td>
			<td style="width: 7%; vertical-align: middle; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;"><b>(%)</b></p>
			</td>
		</tr>
		<tr>
			<td style="width: 26%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 25%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 12%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 8%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 26%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">PacWest Bancorp</p>
			</td>
			<td style="width: 25%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">CU Bancorp</p>
			</td>
			<td style="width: 12%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">4/6/2017</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.80</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">24.5</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">22.6</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">17.6</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">(0.1)</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 26%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Home BancShares Inc.</p>
			</td>
			<td style="width: 25%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Stonegate Bank</p>
			</td>
			<td style="width: 12%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3/27/2017</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.41</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">20.7</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">19.5</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">21.0</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">6.3</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 26%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Simmons First National Corp.</p>
			</td>
			<td style="width: 25%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">First Texas BHC Inc.</p>
			</td>
			<td style="width: 12%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1/23/2017</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.50</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">26.1</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">-</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">20.5</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">-</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 26%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Columbia Banking System Inc.</p>
			</td>
			<td style="width: 25%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Pacific Continental Corp.</p>
			</td>
			<td style="width: 12%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1/9/2017</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.06</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">27.2</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">22.7</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">21.1</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">33.9</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 26%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Simmons First National Corp.</p>
			</td>
			<td style="width: 25%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Southwest Bancorp Inc.</p>
			</td>
			<td style="width: 12%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12/14/2016</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.12</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">NM</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">26.8</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">18.5</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">27.7</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 26%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Pacific Premier Bancorp</p>
			</td>
			<td style="width: 25%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Heritage Oaks Bancorp</p>
			</td>
			<td style="width: 12%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12/13/2016</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.14</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">25.3</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">21.6</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">15.0</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">7.6</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 26%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Independent Bk Group Inc.</p>
			</td>
			<td style="width: 25%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Carlile Bancshares Inc.</p>
			</td>
			<td style="width: 12%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">11/21/2016</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.45</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">22.0</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">-</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">14.2</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">-</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 26%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">First Interstate BancSystem</p>
			</td>
			<td style="width: 25%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Cascade Bancorp</p>
			</td>
			<td style="width: 12%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">11/17/2016</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.15</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">23.4</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">20.4</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.1</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">9.5</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 26%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Community Bank System Inc.</p>
			</td>
			<td style="width: 25%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Merchants Bancshares Inc.</p>
			</td>
			<td style="width: 12%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10/24/2016</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.96</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">19.2</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">18.3</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">11.4</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">34.0</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 26%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">United Bankshares Inc.</p>
			</td>
			<td style="width: 25%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Cardinal Financial Corp.</p>
			</td>
			<td style="width: 12%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8/18/2016</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.24</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">19.6</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">18.5</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">19.5</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.7</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 26%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">First Midwest Bancorp Inc.</p>
			</td>
			<td style="width: 25%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Standard Bancshares Inc.</p>
			</td>
			<td style="width: 12%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">6/28/2016</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.45</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">18.4</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">-</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">6.0</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">-</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 26%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">People&#39;s United Financial Inc.</p>
			</td>
			<td style="width: 25%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Suffolk Bancorp</p>
			</td>
			<td style="width: 12%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">6/27/2016</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.96</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">20.5</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">19.7</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">11.7</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">42.8</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 26%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">South State Corporation</p>
			</td>
			<td style="width: 25%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Southeastern Bank Finl Corp.</p>
			</td>
			<td style="width: 12%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">6/17/2016</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.87</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">16.2</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">-</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">10.8</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">43.5</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 26%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Bar Harbor Bankshares</p>
			</td>
			<td style="width: 25%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Lake Sunapee Bank Grp</p>
			</td>
			<td style="width: 12%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">5/5/2016</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.63</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">14.0</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">-</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">-</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">20.7</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 26%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">WesBanco Inc.</p>
			</td>
			<td style="width: 25%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Your Community Bankshares Inc.</p>
			</td>
			<td style="width: 12%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">5/3/2016</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.73</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.4</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">13.6</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">-</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">15.7</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 26%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Mechanics Bank</p>
			</td>
			<td style="width: 25%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">California Repub Bancorp</p>
			</td>
			<td style="width: 12%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">4/28/2016</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.94</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">23.8</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">-</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">14.6</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">50.1</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 26%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Old National Bancorp</p>
			</td>
			<td style="width: 25%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Anchor BanCorp Wisconsin Inc.</p>
			</td>
			<td style="width: 12%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1/12/2016</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.23</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">12.4</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">29.4</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">5.8</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">8.1</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 26%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">OceanFirst Financial Corp.</p>
			</td>
			<td style="width: 25%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Cape Bancorp Inc.</p>
			</td>
			<td style="width: 12%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1/5/2016</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.41</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">23.2</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">20.5</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">5.5</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">21.1</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 26%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">75th Percentile</p>
			</td>
			<td style="width: 25%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 12%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.36</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">23.8</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">22.6</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">18.8</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">33.9</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 26%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Median</p>
			</td>
			<td style="width: 25%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 12%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.04</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">20.7</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">20.5</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">14.4</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">20.7</p>
			</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 26%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">25th Percentile</p>
			</td>
			<td style="width: 25%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 12%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">1.76</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">18.4</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">19.2</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">11.3</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">7.8</p>
			</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 26%; vertical-align: middle; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">South State Corp.<font style="font-size: 7pt;"><sup>(1)(2)</sup></font></p>
			</td>
			<td style="width: 25%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Park Sterling Corp.</p>
			</td>
			<td style="width: 12%; vertical-align: middle;">
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">4/27/2017</p>
			</td>
			<td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 8pt; vertical-align: middle;">&nbsp;</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">2.34</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">23.5</p>
			</td>
			<td style="width: 8%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">20.8</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">19.0</p>
			</td>
			<td style="width: 7%; vertical-align: middle;">
			<p style="margin: 0pt; text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">3.1</p>
			</td>
		</tr>

</table>

<table border="0" cellpadding="0" cellspacing="0" style="margin: 0pt; width: 100%; text-indent: 0px; font-size: 8pt;">

		<tr style="vertical-align: top;">
			<td style="width: 18pt;">
			<p style="margin: 0pt; font-size: 8pt;">(1)</p>
			</td>
			<td>
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Transaction value based on SSB&rsquo;s closing stock price of $90.55 as of April 25, 2017 and a fixed exchange ratio of 0.1400.</p>
			</td>
		</tr>
		<tr style="vertical-align: top;">
			<td style="width: 18pt;">
			<p style="margin: 0pt; font-size: 8pt;">(2)</p>
			</td>
			<td>
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 8pt;">Transaction valuation based on PSTB TBV per share of $5.41 as of March 31, 2017, LTM EPS of $0.54, NTM EPS of $0.61 as of April 25, 2017, core deposits per share of $38.29 as of&nbsp;March 31, 2017 and closing stock price of $12.29 as of April 25, 2017.</p>
			</td>
		</tr>

</table>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt 0pt 0pt 36pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">*<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-right: 0pt; margin-left: 0pt;">
<div id="PGNUM" style="width: 100%; text-align: center;">&nbsp;</div>

<hr style="border: currentColor; border-image: none; width: 100%; height: 2px; color: rgb(0, 0, 0); page-break-after: always; background-color: rgb(0, 0, 0);">
<div id="PGHDR" style="width: 100%; text-align: left;">&nbsp;</div>
</div>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp; &nbsp;&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>IMPORTANT ADDITIONAL INFORMATION</b></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">In connection with the proposed transaction between South State and Park Sterling, South State <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">has filed with the SEC a Registration Statement on Form S-4 that includes a definitive Joint Proxy Statement of South State and Park Sterling and a Prospectus of South State, dated September 12, 2017, as well as other relevant documents concerning the proposed transaction. The proposed transaction involving South State and Park Sterling will be submitted to Park Sterling&rsquo;s shareholders and South State&rsquo;s shareholders for their consideration. This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. <b>Shareholders of South State and shareholders of Park Sterling are urged to read the registration statement and the </b><b>J</b><b>oint </b><b>P</b><b>roxy </b><b>S</b><b>tatement/</b><b>P</b><b>rospectus </b><b>regarding the transaction and any other relevant documents filed with the SEC, as well as any amendments or supplements to those documents, because they </b><b>do and will </b><b>contain important information.</b></font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Shareholders <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">may obtain a free copy of the definitive Joint Proxy Statement/Prospectus, as well as other filings containing information about South State and Park Sterling, without charge, at the SEC&rsquo;s website (http://www.sec.gov). Copies of the Joint Proxy Statement/Prospectus and the filings with the SEC that are incorporated by reference in the Joint Proxy Statement/Prospectus can also be obtained, without charge, by directing a request to South State Corporation, 520 Gervais Street, Columbia, South Carolina 29201, Attention: John C. Pollok, Senior Executive Vice President, CFO and COO, (800) 277-2175 or to Park Sterling Corporation, 1043 E. Morehead Street, Suite 201, Charlotte, North Carolina 28204, Attention: Donald K. Truslow, (704) 323-4292.</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-transform: uppercase; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Participants in THE Solicitation</b></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">South State, Park Sterling and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding South State<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&rsquo;s directors and executive officers is available in its definitive proxy statement, which was filed with the SEC on March 6, 2017, and certain of its Current Reports on Form 8-K. Information regarding Park Sterling&rsquo;s directors and executive officers is available in its definitive proxy statement, which was filed with the SEC on April 13, 2017, and certain of its Current Reports on Form 8-K. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is contained in the Joint Proxy Statement/Prospectus and other relevant materials filed with the SEC. Free copies of this document may be obtained as described in the preceding paragraph.</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-right: 0pt; margin-left: 0pt;">
<div id="PGNUM" style="width: 100%; text-align: center;">&nbsp;</div>

<hr style="border: currentColor; border-image: none; width: 100%; height: 2px; color: rgb(0, 0, 0); page-break-after: always; background-color: rgb(0, 0, 0);">
<div id="PGHDR" style="width: 100%; text-align: left;">&nbsp;</div>
</div>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>SIGNATURE</b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p>

<p style="margin: 0pt; text-align: left; text-indent: 27.5pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Date:<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"> October 13, 2017</font></p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-family: Times New Roman; font-size: 10pt;">

		<tr>
			<td valign="top" width="50%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</font></p>
			</td>
			<td colspan="2" valign="top" width="38%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><b>PARK STERLING CORPORATION</b></p>
			</td>
			<td valign="top" width="12%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</font></p>
			</td>
		</tr>
		<tr>
			<td valign="top" width="50%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</font></p>
			</td>
			<td valign="top" width="3%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</font></p>
			</td>
			<td valign="top" width="35%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</font></p>
			</td>
			<td valign="top" width="12%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</font></p>
			</td>
		</tr>
		<tr>
			<td valign="top" width="50%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</font></p>
			</td>
			<td valign="top" width="3%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</font></p>
			</td>
			<td align="left" nowrap="nowrap" valign="bottom" width="35%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</font></p>
			</td>
			<td valign="top" width="12%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</font></p>
			</td>
		</tr>
		<tr>
			<td align="left" style="text-align: left;" valign="top" width="50%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</font></p>
			</td>
			<td style="text-align: left;" valign="top" width="3%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman; font-size: 10pt;">By: </font></p>
			</td>
			<td align="left" nowrap="nowrap" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;" valign="top" width="35%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman; font-size: 10pt;">/s/ Donald K. Truslow</font></p>
			</td>
			<td valign="top" width="12%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</font></p>
			</td>
		</tr>
		<tr>
			<td valign="top" width="50%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</font></p>
			</td>
			<td valign="top" width="3%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</font></p>
			</td>
			<td valign="top" width="35%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman; font-size: 10pt;">Donald K. Truslow</font></p>
			</td>
			<td valign="top" width="12%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</font></p>
			</td>
		</tr>
		<tr>
			<td valign="top" width="50%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</font></p>
			</td>
			<td valign="top" width="3%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</font></p>
			</td>
			<td valign="top" width="35%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">Chief Financial Officer</font></p>
			</td>
			<td valign="top" width="12%">
			<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</font></p>
			</td>
		</tr>

</table>

<p style="margin: 0pt 0pt 0pt 234pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>&nbsp;</b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
</body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "pstb20171010_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 232396}]
{"company-data": {"conformed-name": "Park Sterling Corp", "cik": "0001507277", "assigned-sic": "6022", "irs-number": "274107242", "state-of-incorporation": "NC", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-35032", "film-number": "171136763"}, "business-address": {"street1": "1043 E. MOREHEAD STREET", "street2": "SUITE 201", "city": "CHARLOTTE", "state": "NC", "zip": "28204", "phone": "704-716-2134"}, "mail-address": {"street1": "1043 E. MOREHEAD STREET", "street2": "SUITE 201", "city": "CHARLOTTE", "state": "NC", "zip": "28204"}}
pstb20171010_8k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section
13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
October
13
, 2017
Park Sterling Corporation
(Exact name of registrant as specified in its charter)
North Carolina
001-35032
27-4107242
(State or other jurisdiction
(Commission File
(IRS Employer
of incorporation)
Number)
Identification No.)
1043 E. Morehead Street, Suite 201, Charlotte, NC
28204
(Address of principal executive offices)
(Zip Code)
Registrant
's telephone number, including area code:
(704) 716-2134
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form
8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☑
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act (17 CFR 240.12b-2)
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act
☐
Item
8
.01
Other Events
.
As previously
disclosed, Park Sterling Corporation ("
Park Sterling
") and South State Corporation ("
South State
") entered into an Agreement and Plan of Merger, dated April 26, 2017, pursuant to which and subject to the terms and conditions set forth therein, Park Sterling will merge with and into South State, with South State as the surviving corporation in the merger. The proposed merger is described in the Joint Proxy Statement/Prospectus, dated September 12, 2017, filed with the Securities and Exchange Commission (the "
SEC
") and mailed to all shareholders of record of each of Park Sterling and South State in connection with the merger (the "
Joint Proxy Statement/Prospectus
").
A
s previously disclosed in the Joint Proxy Statement/Prospectus, on August 14, 2017, a putative class action complaint, captioned Roskopf v. Park Sterling Corp., C.A. No. 3:17-cv-00483 (the "
Roskopf Action
"), was filed in the U.S. District Court for the Western District of North Carolina in connection with the merger. On August 15, 2017, a similar class action lawsuit was filed in the same court, captioned Parshall v. Park Sterling Corp., C.A. No. 3:17-cv-00490 (the "
Parshall Action
" and together with the Roskopf Action, the "
Actions
"). Both Actions named as defendants Park Sterling and the Park Sterling board of directors, and the Parshall Action also named South State as a defendant.
The complaints in the Actions allege that Park Sterling, the Park Sterling board of directors and, in the Parshall Action, South State
, omitted and/or provided misleading information in the registration statement on Form S-4 filed with the SEC in connection with the merger in violation of the Securities Exchange Act of 1934, as amended, and related SEC regulations.
Park Sterling believes that
the claims asserted in the Actions are without merit and specifically denies that any further supplemental disclosure is required under applicable law; however, to avoid the burden and expense of further litigation and to avoid the risk that the Actions may delay or otherwise adversely affect the consummation of the merger, Park Sterling wishes to voluntarily make the supplemental disclosures related to the proposed merger set forth below.
Supplements to the Joint Proxy Statement/Prospectus
The following materials supplement the statements contained in the Joint Proxy Statement/Prospectus and should be read in conjunction with
the Joint Proxy Statement/Prospectus and the documents incorporated therein in their entirety. To the extent the information set forth herein differs from or updates information contained in the Joint Proxy Statement/Prospectus, the information set forth herein shall supersede or supplement the information in the Joint Proxy Statement/Prospectus. Nothing in this Current Report shall be deemed an admission of the legal necessity or materiality of the disclosures set forth herein, either separately or taken together. All page references are to pages in the Joint Proxy Statement/Prospectus, and terms used below, unless otherwise defined, have the meanings set forth in the Joint Proxy Statement/Prospectus.
The section of the Joint Proxy Statement/Prospectus titled "The Merger
–Background of the Merger" is hereby amended and supplemented by
amending and restating the first paragraph on page 52 as follows
:
In February 2016, Messrs. Robert R. Hill, Jr., South State
's Chief Executive Officer, and James C. Mabry IV, South State's Executive Vice President, Investor Relations and Mergers & Acquisitions, reached out to Mr. James C. Cherry, Park Sterling's Chief Executive Officer, regarding South State's interest in exploring a combination of South State and Park Sterling. Thereafter, during the first half of 2016, the parties engaged in preliminary discussions regarding a potential strategic transaction with the authorization of their respective boards of directors. As part of these preliminary discussions, South State indicated that an important element in a transaction would be the continued role in the combined company of certain members of Park Sterling's management team, including potentially Mr. Cherry, Donald K. Truslow, Park Sterling's Chief Financial Officer, Bryan Kennedy, Park Sterling's President, and Nancy Foster, Park Sterling's Chief Risk Officer. In connection with these discussions, in early May 2016, Park Sterling formally engaged Stephens as its financial advisor. The parties ultimately did not reach agreement on transaction terms and determined to cease discussions in late May 2016, with the understanding that they would remain in touch in the future.
The section of the Joint Proxy Statement/Prospectus titled "The Merger
–Background of the Merger" is hereby amended and supplemented by
inserting the following at the end of the penultimate paragraph on page 52
:
At this meeting, South State proposed that one Park Sterling director, Mr. Cherry, would be appointed to the South State board of directors and, in a follow-on meeting, Mr. Hill discussed with Mr. Cherry in general terms potential arrangements for Messrs. Cherry, Kennedy and Truslow and that Ms. Foster was not anticipated to have a management role in the combined company.
The section of the Joint Proxy Statement/Prospectus titled "The Merger
–Background of the Merger" is hereby amended and supplemented by
inserting the following at the end of the paragraph
beginning
on page 52
and ending on page 53
:
After the meeting, Mr. Cherry called Mr. Hill to relay the Park Sterling board
's interest in holding further discussions, and communicated the Park Sterling board's request that South State consider offering another seat on the South State board of directors to a current Park Sterling director to ensure the continued representation of former Park Sterling shareholders on the combined company's board of directors.
The section of the Joint Proxy Statement/Prospectus titled "The Merger
–Background of the Merger" is hereby amended and supplemented by
inserting the following at the end of the fourth full paragraph on page 53
:
Mr. Hill also communicated to Mr. Cherry that, if the transaction moved forward, South State would be willing to offer a second board seat to a Park Sterling director
.
The section of the Joint Proxy Statement/Prospectus titled "The Merger
–Background of the Merger" is hereby amended and supplemented by
inserting the following at the end of the fourth full paragraph on page 54 as follows
:
The draft merger agreement provided that Mr. Cherry and one other current member of the Park Sterling board of directors as designated by South State would be appointed to the South State board of directors.
The section of the Joint Proxy Statement/Prospectus titled "The Merger
–Background of the Merger" is hereby amended and supplemented by amending and restating the sixth
full
paragraph on page 5
4
as follows:
On April 19, 2017, representatives of McGuireWoods provided Wachtell Lipton a revised draft of the merger agreement,
which included a provision that Mr. Cherry and one other current member of the Park Sterling board of directors mutually agreed by the parties would be appointed to the South State board of directors. Over the course of the following week representatives of McGuireWoods and Wachtell Lipton exchanged several additional drafts of the merger agreement and related transaction documents, and discussed and negotiated the terms and conditions set forth in the merger agreement and related transaction documents.
The section of the Joint Proxy Statement/Prospectus titled "The Merger
–Background of the Merger" is hereby amended and supplemented by
inserting the following two paragraphs immediately following the sixth
full
paragraph on page 54
:
On Friday, April 21, 2017, Mr. Hill sent to Mr. Cherry term sheets for a consulting agreement for Mr. Cherry and employment agreements for Messrs. Kennedy and Truslow and communicated that Ms. Foster would not be offered a contract.
On Monday, April 24, 2017, South State provided a draft consulting agreement to Mr. Cherry and draft employment contracts to each of Messrs. Kennedy and Truslow based on the term sheets that had been provided on April 21, 2017. Between April 24 and April 26, Messrs. Cherry, Kennedy and Truslow, on the one hand, and South State, on the other hand, worked to finalize those agreements, which were executed concurrently with the execution of the merger agreement.
The section of the
Joint
Proxy Statement
/Prospectus
titled "
The Merger
—
Opinion of Park Sterling's Financial Advisor
—
Selected Public Companies Analysis
" is
hereby
amended and supplemented
by
inserting the following
tabular disclosure on page 76 at the beginning of that page:
Stephens
's analysis showed the following concerning the financial performance, financial condition and market performance of Park Sterling and the selected companies:
Tier 1
Total
MRQ
MRQ
Price /
NPAs /
TCE /
Leverage
Capital
Capital
Core
Core
MRQ
MRQ
TBV
(5)
Price /
Price /
Price /
Assets
TA
(1)
Ratio
Ratio
Ratio
ROAA
(2)
ROAE
(3)
NIM
(4)
Efficiency
per share
LTM EPS
2017E EPS
2018E EPS
Company
Ticker
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(x)
(x)
(x)
(x)
Fidelity Southern Corporation
LION
1.45
7.98
8.48
9.51
12.20
0.95
11.62
3.17
72.5
1.75
13.3
14.9
13.3
FB Financial Corporation
FBK
0.63
9.34
10.46
12.42
13.28
1.30
12.39
4.28
73.4
3.28
19.2
20.8
16.2
First Bancorp
FBNC
1.64
8.17
10.17
12.49
13.36
0.97
9.35
3.96
66.4
2.49
23.2
18.0
14.7
State Bank Financial Corporation
STBZ
0.49
12.67
14.90
14.78
15.53
1.42
9.23
4.59
58.7
1.99
19.5
19.8
17.6
Xenith Bankshares, Inc.
XBKS
2.00
13.38
10.74
12.15
13.23
0.74
5.24
3.29
60.1
1.41
NM
24.2
18.0
HomeTrust Bancshares, Inc.
HTBI
1.77
12.66
12.17
14.87
15.83
0.49
3.72
3.33
76.5
1.36
29.2
27.5
24.3
Franklin Financial Network, Inc.
FSB
0.15
8.85
9.28
11.75
15.09
0.96
11.42
3.29
52.8
1.94
16.7
15.3
11.6
Atlantic Capital Bancshares, Inc.
ACBI
0.33
10.27
9.09
10.30
13.31
0.30
2.67
3.12
76.1
1.76
34.2
27.3
20.2
Access National Corporation
ANCX
0.57
8.65
8.90
10.25
11.51
1.08
12.09
3.46
65.8
2.55
17.9
19.3
15.4
Southern National Bancorp of Virginia, Inc.
SONA
0.96
10.16
10.56
12.69
13.63
0.94
8.53
3.87
50.1
2.02
22.3
NM
15.3
First Community Bancshares, Inc.
FCBC
1.42
10.34
11.07
14.74
15.79
0.93
6.63
4.01
61.6
1.88
17.3
17.0
13.5
Carolina Financial Corporation
CARO
0.71
10.58
10.49
14.09
14.97
1.28
10.74
3.93
63.8
2.18
18.2
17.4
14.7
Old Line Bancshares, Inc.
OLBK
0.59
8.10
8.60
9.51
12.27
1.08
11.66
3.67
56.8
2.13
22.3
17.3
13.5
WashingtonFirst Bankshares, Inc.
WFBI
0.37
9.01
9.86
11.53
13.90
0.87
8.72
3.48
64.0
1.98
19.9
18.5
16.6
75th Percentile
1.44
10.52
10.70
13.74
15.06
1.08
11.57
3.95
71.0
2.17
22.3
20.8
17.3
Average
0.93
10.01
10.34
12.22
13.85
0.95
8.86
3.67
64.2
2.05
21.0
19.8
16.1
Median
0.67
9.75
10.32
12.29
13.50
0.96
9.29
3.57
63.9
1.99
19.5
18.5
15.4
25th Percentile
0.51
8.70
9.14
10.61
13.24
0.88
7.11
3.30
59.0
1.79
17.9
17.3
13.8
Park Sterling Corporation
PSTB
0.46
8.89
9.99
12.01
12.48
0.93
8.41
3.68
63.6
2.27
22.8
20.8
17.8
(1)     Tangible Common Equity / Tangible Assets.
(2)     Return on Average Assets. Core income excludes extraordinary items, nonrecurring items and gains / (losses) on sale of securities.
(3)     Return on Average Equity. Core income excludes extraordinary items, nonrecurring items and gains / (losses) on sale of securities.
(4)     Net Interest Margin.
(5)     Tangible Book Value.
The section of the Joint Proxy Statement/Prospectus titled "The Merger
—
Opinion of Park Sterling's Financial Advisor
—
Selected Public Companies Analysis
" is hereby amended and supplemented by replacing
all of
the
tabular disclosure on page 78, in its entirety, with the following:
Tier 1
Total
MRQ
MRQ
Price /
NPAs /
TCE /
Leverage
Capital
Capital
Core
Core
MRQ
MRQ
TBV
Price /
Price /
Assets
TA
Ratio
Ratio
Ratio
ROAA
ROAE
NIM
Efficiency
per share
2017E EPS
2018E EPS
Company
Ticker
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(x)
(x)
(x)
Trustmark Corporation
TRMK
0.84
8.80
9.90
12.79
13.61
0.91
7.83
3.44
68.7
1.95
18.5
16.8
Home BancShares, Inc.
HOMB
0.87
9.72
10.63
12.01
12.97
1.92
14.30
4.64
36.9
3.70
19.1
15.6
Simmons First National Corporation
SFNC
1.48
9.38
10.94
13.75
14.40
1.07
7.72
3.98
62.3
2.38
16.0
13.2
Community Bank System, Inc.
CBU
0.30
8.16
10.35
18.10
19.10
1.33
9.28
3.60
60.7
3.69
23.4
21.5
United Community Banks, Inc.
UCBI
0.91
8.71
8.54
11.23
12.04
1.09
10.55
3.36
55.6
2.15
17.3
15.4
Capital Bank Financial Corp.
CBF
0.80
10.62
11.63
13.43
13.96
0.97
7.41
3.68
58.6
2.14
22.3
19.2
Renasant Corporation
RNST
0.77
9.00
10.59
12.86
15.03
1.21
9.01
4.26
60.2
2.67
18.9
15.8
WesBanco, Inc.
WSBC
0.49
8.34
9.97
13.21
14.22
1.11
7.96
3.38
54.7
2.40
16.4
14.9
Northwest Bancshares, Inc.
NWBI
1.08
8.94
10.53
14.00
14.87
0.79
6.50
3.70
67.4
2.06
18.1
17.0
FCB Financial Holdings, Inc.
FCB
0.50
10.26
10.50
12.20
12.80
1.68
15.23
3.25
43.4
2.22
18.0
15.0
Provident Financial Services, Inc.
PFS
0.85
9.14
9.25
11.64
12.50
0.97
7.35
3.09
57.3
2.09
17.8
16.2
Customers Bancorp, Inc.
CUBI
0.34
6.63
9.07
11.41
13.05
1.19
13.35
2.85
42.2
1.48
12.3
10.5
NBT Bancorp Inc.
NBTB
0.65
7.46
9.08
11.43
12.40
0.94
9.09
3.41
61.4
2.68
20.7
18.5
Union Bankshares Corporation
UBSH
0.53
8.36
9.79
10.77
13.29
0.94
7.87
3.61
63.6
2.28
18.6
15.7
75th Percentile
0.87
9.32
10.58
13.38
14.36
1.21
10.23
3.69
62.1
2.60
19.0
16.9
Median
0.79
8.87
10.16
12.50
13.45
1.08
8.48
3.52
59.4
2.25
18.3
15.7
25th Percentile
0.50
8.34
9.39
11.48
12.84
0.95
7.75
3.37
54.9
2.10
17.5
15.1
South State Corporation
SSB
0.35
8.85
10.00
12.80
13.30
1.25
8.67
4.08
60.7
2.85
21.7
17.9
The section of the Joint Proxy Statement/Prospectus titled "The Merger
—
Opinion of Park Sterling's Financial Advisor
—
Selected Transaction Analysis
" is hereby amended and supplemented by adding the following
tabular disclosure
immediately following the
existing
tabular disclosure on page 79
:
Premium
Price / TBV
Price /
Price /
to Core
Market
Annc.
TBV
LTM EPS
NTM EPS
Deposits
Premium
Buyer
Target
Date
(x)
(x)
(x)
(%)
(%)
PacWest Bancorp
CU Bancorp
4/6/2017
2.80
24.5
22.6
17.6
(0.1)
Home BancShares Inc.
Stonegate Bank
3/27/2017
2.41
20.7
19.5
21.0
6.3
Simmons First National Corp.
First Texas BHC Inc.
1/23/2017
2.50
26.1
-
20.5
-
Columbia Banking System Inc.
Pacific Continental Corp.
1/9/2017
3.06
27.2
22.7
21.1
33.9
Simmons First National Corp.
Southwest Bancorp Inc.
12/14/2016
2.12
NM
26.8
18.5
27.7
Pacific Premier Bancorp
Heritage Oaks Bancorp
12/13/2016
2.14
25.3
21.6
15.0
7.6
Independent Bk Group Inc.
Carlile Bancshares Inc.
11/21/2016
2.45
22.0
-
14.2
-
First Interstate BancSystem
Cascade Bancorp
11/17/2016
2.15
23.4
20.4
12.1
9.5
Community Bank System Inc.
Merchants Bancshares Inc.
10/24/2016
1.96
19.2
18.3
11.4
34.0
United Bankshares Inc.
Cardinal Financial Corp.
8/18/2016
2.24
19.6
18.5
19.5
1.7
First Midwest Bancorp Inc.
Standard Bancshares Inc.
6/28/2016
1.45
18.4
-
6.0
-
People's United Financial Inc.
Suffolk Bancorp
6/27/2016
1.96
20.5
19.7
11.7
42.8
South State Corporation
Southeastern Bank Finl Corp.
6/17/2016
1.87
16.2
-
10.8
43.5
Bar Harbor Bankshares
Lake Sunapee Bank Grp
5/5/2016
1.63
14.0
-
-
20.7
WesBanco Inc.
Your Community Bankshares Inc.
5/3/2016
1.73
13.4
13.6
-
15.7
Mechanics Bank
California Repub Bancorp
4/28/2016
1.94
23.8
-
14.6
50.1
Old National Bancorp
Anchor BanCorp Wisconsin Inc.
1/12/2016
1.23
12.4
29.4
5.8
8.1
OceanFirst Financial Corp.
Cape Bancorp Inc.
1/5/2016
1.41
23.2
20.5
5.5
21.1
75th Percentile
2.36
23.8
22.6
18.8
33.9
Median
2.04
20.7
20.5
14.4
20.7
25th Percentile
1.76
18.4
19.2
11.3
7.8
South State Corp.
(1)(2)
Park Sterling Corp.
4/27/2017
2.34
23.5
20.8
19.0
3.1
(1)
Transaction value based on SSB's closing stock price of $90.55 as of April 25, 2017 and a fixed exchange ratio of 0.1400.
(2)
Transaction valuation based on PSTB TBV per share of $5.41 as of March 31, 2017, LTM EPS of $0.54, NTM EPS of $0.61 as of April 25, 2017, core deposits per share of $38.29 as of March 31, 2017 and closing stock price of $12.29 as of April 25, 2017.
*
*     *
IMPORTANT ADDITIONAL INFORMATION
In connection with the proposed transaction between South State and Park Sterling, South State
has filed with the SEC a Registration Statement on Form S-4 that includes a definitive Joint Proxy Statement of South State and Park Sterling and a Prospectus of South State, dated September 12, 2017, as well as other relevant documents concerning the proposed transaction. The proposed transaction involving South State and Park Sterling will be submitted to Park Sterling's shareholders and South State's shareholders for their consideration. This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Shareholders of South State and shareholders of Park Sterling are urged to read the registration statement and the
J
oint
P
roxy
S
tatement/
P
rospectus
regarding the transaction and any other relevant documents filed with the SEC, as well as any amendments or supplements to those documents, because they
do and will
contain important information.
Shareholders
may obtain a free copy of the definitive Joint Proxy Statement/Prospectus, as well as other filings containing information about South State and Park Sterling, without charge, at the SEC's website (http://www.sec.gov). Copies of the Joint Proxy Statement/Prospectus and the filings with the SEC that are incorporated by reference in the Joint Proxy Statement/Prospectus can also be obtained, without charge, by directing a request to South State Corporation, 520 Gervais Street, Columbia, South Carolina 29201, Attention: John C. Pollok, Senior Executive Vice President, CFO and COO, (800) 277-2175 or to Park Sterling Corporation, 1043 E. Morehead Street, Suite 201, Charlotte, North Carolina 28204, Attention: Donald K. Truslow, (704) 323-4292.
Participants in THE Solicitation
South State, Park Sterling and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding South State
's directors and executive officers is available in its definitive proxy statement, which was filed with the SEC on March 6, 2017, and certain of its Current Reports on Form 8-K. Information regarding Park Sterling's directors and executive officers is available in its definitive proxy statement, which was filed with the SEC on April 13, 2017, and certain of its Current Reports on Form 8-K. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is contained in the Joint Proxy Statement/Prospectus and other relevant materials filed with the SEC. Free copies of this document may be obtained as described in the preceding paragraph.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date:
October 13, 2017
PARK STERLING CORPORATION
By:
/s/ Donald K. Truslow
Donald K. Truslow
Chief Financial Officer