LOANS

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American Marine Bank

The FDIC is suing former directors and ofcers of American Marine Bank for their role in approving at least 11 high-risk loans that violated the bank's written policies.

PROJECT LOCATIONS
Borrower 1 Pacica 2 Summerhill Estates LLC 3 Midtown Joint Ventures LLC 4 River Canyon Real Estate LLC 5 Western Pennsylvania Senior Living Limited Partnership 6 Robert & Brendas Spokane LLC 7 Amani LLC 8 WCC Tenzen 9 Spanaway 19 LLC 10 Quincy Street 11 Umani 12 Campus Crest Properties Project location Bainbridge Island Bainbridge Island Orem, Utah Douglas County, Colorado Stanton, Pa Spokane Seattle Factoria Spanaway Port Townsend Seattle Federal Way

WASHINGTON

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HISTORY
1948: American Marine Bank opens as Bainbridge Island Bank. 1970: Bainbridge Island Bank is renamed American Marine Bank. 1999: AMB Financial Services Corp., a holding company for the bank, is formed. 2009: The bank suffers a loss of nearly $20 million from defaulted loans; FDIC orders bank to increase its loan-loss reserve. 2009: Calling the bank undercapitalized, regulators order the bank to raise capital or face a merger. 2010: Regulators close American Marine Bank.

DEFENDANTS
Rex Townsend, CEO Barbara Kaye, chief credit ofcer Renzo Lucioni, executive vice Gary Winter, executive vice Bess Alpaugh, ofcer and director Carl Berg, ofcer and director Jeffrey Goller, ofcer and director Thomas Kilbane, ofcer and director Andrew Mueller, ofcer and director Alice Tawresey, ofcer and director

president, chief nancial ofcer president, chief credit ofcer

DEFENDANTS THAT APPROVED EACH LOAN

1 Midtown JV 2 River Canyon 3 Pacica 4 Western PA 5 Umani 6 Summerhill Est. 7 WCC Tenzen 8 Spanaway 19 9 Quincy Street 10 Campus Crest 11 Robert & Brendas

Bess Alpaugh Carl Berg Jeffrey Goller Barbara Kaye Thomas Kilbane Renzo Lucioni Andrew Mueller Alice Tawresey Rex Townsend Gary Winter

Loan amount in millions $4.000 $4.000 $1.950 $3.000 $3.220 $1.406 $5.000 $1.100 $1.845 $4.000 $3.200

Approval date May 17, 2005 Jan. 6, 2006 June 14, 2006 Dec. 28, 2006 Jan. 29, 2007 May 15, 2007 May 24, 2007 June 18, 2007 Aug. 31, 2007 Oct. 24, 2007 Dec. 10, 2007
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