DIRECTOR COMPENSATION

Exhibit 10.12

DIRECTOR COMPENSATION

The following compensation arrangements have been established for the Board of Directors of the Company: All outside directors will receive an annual retainer of $40,000. The chairpersons of the Audit Committee, the Compensation Committee, the Risk Oversight Committee, and the Nominating/Governance Committee will for this service receive retainers of $12,500, of $10,000, of $7,500, and of $7,500 respectively. In January 2012, one non-employee director served as non-executive Chairman of the Board of the Company’s subsidiary bank in China and received a retainer of $10,417. An employee director subsequently assumed the role and was not paid an additional retainer. Outside directors also receive a meeting fee of $1,500 for each Committee meeting attended. Outside directors also receive an annual grant of $50,000 of stock. No separate compensation is paid to directors who are also employees of the Company.