Director Compensation Adjustment and Executive Title Change Authorization

Summary

The Board of the Bank has approved a reduction in monthly fees for directors and committee members, effective December 1, 2008. Directors' fees will decrease from $2,000 to $1,500 per month, and committee member fees for the audit and loan committees will decrease from $500 to $375 per month. Additionally, Mr. Martin E. Plourd's title has been changed from Executive Vice President/Chief Operating Officer to Senior Executive Vice President/Chief Operating Officer, effective immediately.

EX-10.1 2 a5838195ex10_1.txt EXHIBIT 10.1 Exhibit 10.1 - Director Compensation and Executive Title Change The Board of the Bank authorized a decrease in directors' fees for Board member services to $1,500 from $2,000 per month effective December 1, 2008. The Boards of the Company and the Bank, as applicable, also authorized a decrease to $375 from $500 per month for members of each committee of the following committees effective December 1, 2008: audit (Company committee) and loan (Bank committee). The Board of the Bank approved a title change for Mr. Martin E. Plourd from Executive Vice President/Chief Operating Officer to Senior Executive Vice President/Chief Operating Officer effective immediately.