| The company is a Wisconsin corporation organized at the direction of the Board of Directors of Reliance Savings Bank to become a bank holding company and own all of the Bank's capital stock. The Holding company has not engaged in any substantial business to date and is not expected to engage in any substantial business prior to consummation of the Conversion. The Holding company has filed an application with the Board of Governors of the Federal Reserve System, at the Federal Reserve Bank of Chicago, to become a bank holding company, and upon consummation of the Conversion will be subject to regulation by the FRB. The FRB approved its application on February 16, 1996, and thus the 15-day waiting period will expire on March 4, 1996. The Holding company also has filed an application with the Wisconsin Commissioner of Savings and Loan to become a unitary savings bank holding company and for approval to acquire the Bank. |