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Dear Valued Customer,

On December 31, 2013, the holding company that owns

Murphy Bank purchased the holding company that owned

Old Towne Bank. Since that time, we have diligently

worked to make the ownership transition as seamless

as possible for you.

We are committed to continuing the same tradition of

reliability, integrity and responsiveness that Old Towne

Bank customers enjoyed for the last 108 years. While you

will continue to be served by the same familiar faces that

you have grown accustomed to, we believe that the added

benefits that Murphy Bank brings will help enhance your

overall banking relationship.

As of January 2, 2014, we expanded lobby and cut-off

hours for same-day credit at each Old Towne Bank branch.

When our transition process is completed, you will have

access to three additional branch locations and more ATMs

for your banking convenience.

The next step in this process is converting operating

systems between Old Towne Bank and Murphy Bank,

scheduled to occur over the weekend of April 26, 2014.

As expected, there will be some changes to accounts.

This comprehensive welcome packet is designed to help

you understand those changes by providing you with

information about the products and services Murphy

Bank offers—many of which were not available through

Old Towne Bank. It also includes information about your

Murphy Bank account, account disclosures, office locations

and contact information.

If you find you still have questions, please do not hesitate

to contact us.

Thank you for your support during this process. We are

proud to be your bank and look forward to serving your

financial needs!

Sincerely,

Andrew Murphy

President, Murphy Bank