COMPANY AND PROFESSIONALS LICENSING

1. Deltec Financial and all divisions and affiliates of First National Bank of Chester County are currently exempt from state mortgage company and professionals licensing.
   
   
2. Deltec Financial and all divisions and affiliates of First National Bank of Chester County are regulated by the Office of the Comptroller of the Currency ('OCC').
   
   
3. All mortgage lending operations of Deltec Financial and all divisions and affiliates of First National Bank of Chester County are subject to the rules and regulations of the OCC. The OCC examines us annually.