Warren Bank - Savings

July 22, 2008

Recent news media reports have suggested weakness in Michigan's banking system. Contrary to these recent reports, Warren Bank is a sound, well managed financial institution. According to State and Federal regulations, the Bank is extremely well capitalized and has liquid assets for over 131 million dollars. Warren Bank has been a part of this community for many years and will continue to be so for many years to come. The fundamentals of our business, and banking in general, are solid and will show improvements over the coming quarters.

Thank you for your trust and confidence.

Sincerely,
Signature
Damian S. Kassab
Charman of the Board and CEO

July 23, 2008

Order ABA’s recently revised Quick Reference Guide to Banking Regulations.

REGULATORS
Reich: 'Reprehensible' Media Coverage Stokes Public Fears About Banking System
Widespread media coverage -- particularly by television reporters -- about privately prepared lists of problem banks has "stoked public fears" about the banking system's health following the IndyMac closing, Office of Thrift Supervision Director John Reich said this week at the ABA Summer Meeting in Orlando, Fla.

"Seemingly oblivious to the fact that they could drive otherwise healthy banks to fail and push troubled institutions away from potential solutions toward ruin, TV reporters staked out banks on these rogue lists, interviewed customers and stoked public fears," Reich said. "In a time when consumer confidence is already flagging and the general public is skittish and understandably concerned about what their financial futures will hold, this behavior goes beyond irresponsible. It's reprehensible." Read Reich's speech.


	July 22, 2008 Recent news media reports have suggested weakness in Michigan's banking system. Contrary to these recent reports, Warren Bank is a sound, well managed financial institution. According to State and Federal regulations, the Bank is extremely well capitalized and has liquid assets for over 131 million dollars. Warren Bank has been a part of this community for many years and will continue to be so for many years to come. The fundamentals of our business, and banking in general, are solid and will show improvements over the coming quarters. Thank you for your trust and confidence. Sincerely, Damian S. Kassab Charman of the Board and CEO July 23, 2008 Order ABA’s recently revised Quick Reference Guide to Banking Regulations. REGULATORS Reich: 'Reprehensible' Media Coverage Stokes Public Fears About Banking System Widespread media coverage -- particularly by television reporters -- about privately prepared lists of problem banks has "stoked public fears" about the banking system's health following the IndyMac closing, Office of Thrift Supervision Director John Reich said this week at the ABA Summer Meeting in Orlando, Fla. "Seemingly oblivious to the fact that they could drive otherwise healthy banks to fail and push troubled institutions away from potential solutions toward ruin, TV reporters staked out banks on these rogue lists, interviewed customers and stoked public fears," Reich said. "In a time when consumer confidence is already flagging and the general public is skittish and understandably concerned about what their financial futures will hold, this behavior goes beyond irresponsible. It's reprehensible." Read Reich's speech.