Beverly E. Ledbetter

Old Stone Corporation is a Bank Holding Company. On January 29, 1993, the Office of Thrift Supervision declared the Company's principal subsidiary, Old Stone Bank, a Federal Savings Bank, a stock savings bank, insolvent, and appointed the Resolution Trust Company as receiver. The Company's only surviving active subsidiary following the Bank Closing was Old Stone Securities Company, a registered securities broker-dealer, which provided brokerage services to retail and institutional clients. Old Stone Corporation transferred all of the accounts associated with the registered securities broker-dealer business of Old Stone Securities as of December 31, 2001, to Morgan Stanley Dean Witter. Any remaining assets of Old Stone Securities were liquidated in 2002.