Exhibit 25.1
 
securities and exchange commission
Washington, D.C. 20549
 
FORM T-1
STATEMENT OF ELIGIBILITY UNDER
THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
Check if an Application to Determine Eligibility of
a Trustee Pursuant to Section 305(b)(2)
 
U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)
31-0841368
I.R.S. Employer Identification No.
           
  800 Nicollet Mall
Minneapolis, Minnesota
     
55402
 
  (Address of principal executive offices)     (Zip Code)  
 
Richard Prokosch
U.S. Bank National Association
60 Livingston Avenue
St. Paul, MN 55107
(651) 495-3918
(Name, address and telephone number of agent for service)
Sonic Automotive, Inc.
(Issuer with respect to the Securities)
SEE TABLE OF ADDITIONAL OBLIGORS
           
  Delaware     56-2010790  
  (State or other jurisdiction of incorporation or organization)     (I.R.S. Employer Identification No.)  
           
 
           
 
6415 Idlewild Road, Suite 109
Charlotte, North Carolina
     
28202
 
  (Address of Principal Executive Offices)     (Zip Code)  
 
9.0% Senior Subordinated Notes Due 2018
Guarantees of 9.0% Senior Subordinated Notes Due 2018
(Title of the Indenture Securities)


 

Table of Additional Obligors
            
Exact Name of Registrant as Specified in its Charter (or other        
Governing Document) and Address, Including Zip Code, and        
Telephone Number, Including Area Code, of Registrant’s   State of   IRS Employer
Principal Executive Offices*   Organization   ID No.
ADI of the Southeast LLC
  South Carolina   Not Applicable
AnTrev, LLC
  North Carolina   20-0150219
Arngar, Inc.
  North Carolina   56-1063712
Autobahn, Inc.
  California   94-3124481
Avalon Ford, Inc.
  Delaware   95-3560286
Casa Ford of Houston, Inc.
  Texas   76-0430684
Cornerstone Acceptance Corporation
  Florida   59-3532504
FAA Auto Factory, Inc.
  California   94-3285893
FAA Beverly Hills, Inc.
  California   95-4673054
FAA Capitol F, Inc.
  California   94-3350030
FAA Capitol N, Inc.
  California   94-3279958
FAA Concord H, Inc.
  California   94-3264558
FAA Concord N, Inc.
  California   94-3266151
FAA Concord T, Inc.
  California   94-1730939
FAA Dublin N, Inc.
  California   94-3267515
FAA Dublin VWD, Inc.
  California   94-3267514
FAA Holding Corp.
  California   94-3338764
FAA Las Vegas H, Inc.
  Nevada   94-3330754
FAA Marin F, Inc.
  California   95-4746388
FAA Marin LR, Inc.
  California   94-3345066
FAA Poway G, Inc.
  California   33-0792049
FAA Poway H, Inc.
  California   94-3265895
FAA Poway T, Inc.
  California   94-3266152
FAA San Bruno, Inc.
  California   94-3264556
FAA Santa Monica V, Inc.
  California   95-4746387
FAA Serramonte, Inc.
  California   94-3264554
FAA Serramonte H, Inc.
  California   94-3293588
FAA Serramonte L, Inc.
  California   94-3264555
FAA Stevens Creek, Inc.
  California   94-3264553
FAA Torrance CPJ, Inc.
  California   95-4746385
FirstAmerica Automotive, Inc.
  Delaware   88-0206732
Fort Mill Ford, Inc.
  South Carolina   62-1289609
Fort Myers Collision Center, LLC
  Florida   59-3659948
Franciscan Motors, Inc.
  California   77-0112132
Frank Parra Autoplex, Inc.
  Texas   75-1364201
Frontier Oldsmobile-Cadillac, Inc.
  North Carolina   56-1621461
HMC Finance Alabama, Inc.
  Alabama   56-2198417
Kramer Motors Incorporated
  California   95-2092777
L Dealership Group, Inc.
  Texas   94-1719069
Marcus David Corporation
  North Carolina   56-1708384
Massey Cadillac, Inc.
  Tennessee   62-1434905
Massey Cadillac, Inc.
  Texas   75-2651186
Mountain States Motors Co., Inc.
  Colorado   84-1172557
Ontario L, LLC
  California   20-0366914
Philpott Motors, Ltd.
  Texas   76-0608365
Royal Motor Company, Inc.
  Alabama   63-1012554
SAI AL HC1, Inc.
  Alabama   56-2169250
SAI AL HC2, Inc.
  Alabama   63-1213085

2


 

            
Exact Name of Registrant as Specified in its Charter (or other        
Governing Document) and Address, Including Zip Code, and        
Telephone Number, Including Area Code, of Registrant’s   State of   IRS Employer
Principal Executive Offices*   Organization   ID No.
SAI Ann Arbor Imports, LLC
  Michigan   20-0073215
SAI Atlanta B, LLC
  Georgia   58-2436174
SAI Broken Arrow C, LLC
  Oklahoma   73-1590233
SAI Charlotte M, LLC
  North Carolina   56-2044965
SAI Clearwater T, LLC
  Florida   59-3501017
SAI Columbus Motors, LLC
  Ohio   31-1604259
SAI Columbus T, LLC
  Ohio   31-1604285
SAI Columbus VWK, LLC
  Ohio   31-1604276
SAI FL HC1, Inc.
  Florida   59-3501024
SAI FL HC2, Inc.
  Florida   59-3501021
SAI FL HC3, Inc.
  Florida   59-3523301
SAI FL HC4, Inc.
  Florida   59-3523302
SAI FL HC5, Inc.
  Florida   59-3523304
SAI FL HC6, Inc.
  Florida   59-3552436
SAI FL HC7, Inc.
  Florida   59-2214873
SAI Fort Myers B, LLC
  Florida   65-0938819
SAI Fort Myers H, LLC
  Florida   65-0938812
SAI Fort Myers M, LLC
  Florida   59-3535971
SAI Fort Myers VW, LLC
  Florida   65-0938821
SAI GA HC1, LP
  Georgia   03-0447179
SAI Georgia, LLC
  Georgia   58-2399219
SAI Irondale Imports, LLC
  Alabama   63-1213083
SAI Irondale L, LLC
  Alabama   63-1213161
SAI Lansing CH, LLC
  Michigan   Not Applicable
SAI Long Beach B, Inc.
  California   26-0234207
SAI MD HC1, Inc.
  Maryland   52-2172032
SAI Monrovia B, Inc.
  California   20-8944726
SAI Montgomery B, LLC
  Alabama   56-2139902
SAI Montgomery BCH, LLC
  Alabama   63-1012553
SAI Montgomery CH, LLC
  Alabama   63-1204447
SAI Nashville CSH, LLC
  Tennessee   62-1708483
SAI Nashville H, LLC
  Tennessee   62-1708487
SAI Nashville M, LLC
  Tennessee   56-2122487
SAI Nashville Motors, LLC
  Tennessee   26-1707286
SAI NC HC2, Inc.
  North Carolina   26-3751321
SAI OH HC1, Inc.
  Ohio   31-0743366
SAI OK HC1, Inc.
  Oklahoma   74-2936323
SAI Oklahoma City C, LLC
  Oklahoma   73-1618268
SAI Oklahoma City H, LLC
  Oklahoma   73-1620712
SAI Oklahoma City T, LLC
  Oklahoma   73-1593440
SAI Orlando CS, LLC
  Florida   65-0938818
SAI Peachtree, LLC
  Georgia   Not Applicable
SAI Plymouth C, LLC
  Michigan   Not Applicable
SAI Riverside C, LLC
  Oklahoma   73-1574888
SAI Rockville Imports, LLC
  Maryland   52-2172034
SAI Rockville L, LLC
  Maryland   52-2172033
SAI Stone Mountain T, LLC
  Georgia   Not Applicable
SAI TN HC1, LLC
  Tennessee   62-1708491
SAI TN HC2, LLC
  Tennessee   62-1708490
SAI TN HC3, LLC
  Tennessee   62-1708484

3


 

            
Exact Name of Registrant as Specified in its Charter (or other        
Governing Document) and Address, Including Zip Code, and        
Telephone Number, Including Area Code, of Registrant’s   State of   IRS Employer
Principal Executive Offices*   Organization   ID No.
SAI Tulsa N, LLC
  Oklahoma   73-1079837
SAI Tulsa T, LLC
  Oklahoma   46-0487821
SAI VA HC1, Inc.
  Virginia   26-3751398
Santa Clara Imported Cars, Inc.
  California   94-1705756
Sonic Advantage PA, LP
  Texas   20-0163203
Sonic Agency, Inc.
  Michigan   30-0085765
Sonic Automotive F&I, LLC
  Nevada   88-0444271
Sonic Automotive of Chattanooga, LLC
  Tennessee   62-1708471
Sonic Automotive of Nashville, LLC
  Tennessee   62-1708481
Sonic Automotive of Nevada, Inc.
  Nevada   88-0378636
Sonic Automotive of Texas, L.P.
  Texas   76-0586658
Sonic Automotive Support, LLC
  Nevada   20-0507885
Sonic Automotive West, LLC
  Nevada   88-0444344
Sonic Automotive-1495 Automall Drive, Columbus, Inc.
  Ohio   31-1604281
Sonic Automotive-1720 Mason Ave., DB, Inc.
  Florida   59-3523303
Sonic Automotive-1720 Mason Ave., DB, LLC
  Florida   57-1072509
Sonic Automotive 2424 Laurens Rd., Greenville, Inc.
  South Carolina   58-2384994
Sonic Automotive – 2490 South Lee Highway, LLC
  Tennessee   62-1708486
Sonic Automotive 2752 Laurens Rd., Greenville, Inc.
  South Carolina   58-2384996
Sonic Automotive-3401 N. Main, TX, L.P.
  Texas   76-0586794
Sonic Automotive-3700 West Broad Street, Columbus, Inc.
  Ohio   31-1604296
Sonic Automotive-4000 West Broad Street, Columbus, Inc.
  Ohio   31-1604301
Sonic Automotive-4701 I-10 East, TX, L.P.
  Texas   76-0586659
Sonic Automotive-5221 I-10 East, TX, L.P.
  Texas   76-0586795
Sonic Automotive 5260 Peachtree Industrial Blvd., LLC
  Georgia   62-1716095
Sonic Automotive-6008 N. Dale Mabry, FL, Inc.
  Florida   59-3535965
Sonic Automotive-9103 E. Independence, NC, LLC
  North Carolina   56-2103562
Sonic-2185 Chapman Rd., Chattanooga, LLC
  Tennessee   56-2126660
Sonic – Buena Park H, Inc.
  California   33-0978079
Sonic – Cadillac D, L.P.
  Texas   46-0476882
Sonic – Calabasas A, Inc.
  California   73-1642537
Sonic – Calabasas M, Inc.
  California   20-8742825
Sonic – Calabasas V, Inc.
  California   76-0728573
Sonic-Camp Ford, L.P.
  Texas   76-0613472
Sonic – Capitol Cadillac, Inc.
  Michigan   38-3642334
Sonic – Capitol Imports, Inc.
  South Carolina   16-1616391
Sonic – Carrollton V, L.P.
  Texas   75-2896744
Sonic – Carson F, Inc.
  California   75-2989450
Sonic – Carson LM, Inc.
  California   73-1626525
Sonic – Chattanooga D East, LLC
  Tennessee   56-2220962
Sonic – Clear Lake N, L.P.
  Texas   76-0597723
Sonic – Clear Lake Volkswagen, L.P.
  Texas   11-3694324
Sonic – Coast Cadillac, Inc.
  California   95-4711579
Sonic – Denver T, Inc.
  Colorado   75-3092054
Sonic – Denver Volkswagen, Inc.
  Colorado   Not Applicable
Sonic Development, LLC
  North Carolina   56-2140030
Sonic Divisional Operations, LLC
  Nevada   20-1890447
Sonic – Downey Cadillac, Inc.
  California   73-1626782
Sonic – Englewood M, Inc.
  Colorado   73-1627281
Sonic eStore, Inc.
  North Carolina   01-0689836

4


 

            
Exact Name of Registrant as Specified in its Charter (or other        
Governing Document) and Address, Including Zip Code, and        
Telephone Number, Including Area Code, of Registrant’s   State of   IRS Employer
Principal Executive Offices*   Organization   ID No.
Sonic – Fort Mill Chrysler Jeep, Inc.
  South Carolina   56-2044964
Sonic – Fort Mill Dodge, Inc.
  South Carolina   58-2285505
Sonic-Fort Worth T, L.P
  Texas   75-2897202
Sonic – Frank Parra Autoplex, L.P.
  Texas   82-0552132
Sonic Fremont, Inc.
  California   20-5957935
Sonic – Harbor City H, Inc.
  California   95-4876347
Sonic Houston JLR, LP
  Texas   20-5961741
Sonic Houston LR, LP
  Texas   20-0168127
Sonic – Houston V, L.P.
  Texas   76-0684038
Sonic-Integrity Dodge LV, LLC
  Nevada   88-0430677
Sonic – Jersey Village Volkswagen, L.P.
  Texas   42-1597939
Sonic – Lake Norman Chrysler Jeep, LLC
  North Carolina   56-2044997
Sonic-Las Vegas C East, LLC
  Nevada   88-0470273
Sonic-Las Vegas C West, LLC
  Nevada   88-0470284
Sonic-Lloyd Nissan, Inc.
  Florida   59-3560057
Sonic-Lloyd Pontiac-Cadillac, Inc.
  Florida   59-3560058
Sonic – Lone Tree Cadillac, Inc.
  Colorado   75-2994986
Sonic – LS, LLC
  Delaware   68-0510218
Sonic – LS Chevrolet, L.P.
  Texas   76-0594652
Sonic-Lute Riley, L. P.
  Texas   75-2812871
Sonic-Manhattan Fairfax, Inc.
  Virginia   52-2173072
Sonic – Massey Cadillac, L.P.
  Texas   46-0465823
Sonic – Massey Chevrolet, Inc.
  California   73-1626792
Sonic – Massey Pontiac Buick GMC, Inc.
  Colorado   71-0868348
Sonic – Mesquite Hyundai, L.P.
  Texas   75-3090092
Sonic Momentum B, L.P.
  Texas   20-0161887
Sonic Momentum JVP, L.P.
  Texas   20-0163315
Sonic Momentum VWA, L.P.
  Texas   20-0163368
Sonic-Newsome Chevrolet World, Inc.
  South Carolina   57-1077344
Sonic-Newsome of Florence, Inc.
  South Carolina   57-1077343
Sonic-North Charleston, Inc.
  South Carolina   58-2460639
Sonic-North Charleston Dodge, Inc.
  South Carolina   58-2479700
Sonic of Texas, Inc.
  Texas   76-0586661
Sonic – Okemos Imports, Inc.
  Michigan   20-2258139
Sonic Peachtree Industrial Blvd., L.P.
  Georgia   56-2089761
Sonic – Plymouth Cadillac, Inc.
  Michigan   30-0040929
Sonic-Reading, L.P.
  Texas   76-0605765
Sonic Resources, Inc.
  Nevada   88-0508574
Sonic-Richardson F, L.P.
  Texas   75-2901775
Sonic-Riverside Auto Factory, Inc.
  Oklahoma   73-1591124
Sonic-Sam White Nissan, L.P.
  Texas   76-0597722
Sonic – Sanford Cadillac, Inc.
  Florida   01-0595473
Sonic Santa Monica M, Inc.
  California   20-2610019
Sonic Santa Monica S, Inc.
  California   20-4402178
Sonic – Saturn of Silicon Valley, Inc.
  California   20-0163283
Sonic – Serramonte I, Inc.
  California   81-0575704
Sonic-Shottenkirk, Inc.
  Florida   56-3575773
Sonic – South Cadillac, Inc.
  Florida   Not Applicable
Sonic-Stevens Creek B, Inc.
  California   94-2261540
Sonic – Stone Mountain T, L.P.
  Georgia   20-0163252

5


 

            
Exact Name of Registrant as Specified in its Charter (or other        
Governing Document) and Address, Including Zip Code, and        
Telephone Number, Including Area Code, of Registrant’s   State of   IRS Employer
Principal Executive Offices*   Organization   ID No.
Sonic Tysons Corner H, Inc.
  Virginia   20-3544845
Sonic Tysons Corner Infiniti, Inc.
  Virginia   20-3545061
Sonic – University Park A, L.P.
  Texas   75-2963437
Sonic-Volvo LV, LLC
  Nevada   88-0437180
Sonic Walnut Creek M, Inc.
  California   42-1591184
Sonic – West Covina T, Inc.
  California   95-4876089
Sonic-Williams Cadillac, Inc.
  Alabama   63-1213084
Sonic Wilshire Cadillac, Inc.
  California   20-5004388
SRE Alabama – 2, LLC
  Alabama   56-2202484
SRE Alabama – 3, LLC
  Alabama   56-2206042
SRE Alabama – 4, LLC
  Alabama   87-0696606
SRE Alabama – 5, LLC
  Alabama   20-0162209
SrealEstate Arizona-1, LLC
  Arizona   86-0996112
SrealEstate Arizona-2, LLC
  Arizona   88-0468215
SrealEstate Arizona-3, LLC
  Arizona   88-0468217
SrealEstate Arizona-4, LLC
  Arizona   88-0468213
SrealEstate Arizona-5, LLC
  Arizona   86-1063441
SrealEstate Arizona-6, LLC
  Arizona   42-1591193
SrealEstate Arizona-7, LLC
  Arizona   20-0150251
SRE California – 1, LLC
  California   74-3040427
SRE California – 2, LLC
  California   74-3040911
SRE California – 3, LLC
  California   45-0475638
SRE California – 4, LLC
  California   74-3041078
SRE California – 5, LLC
  California   47-0861563
SRE California – 6, LLC
  California   41-2038013
SRE Colorado – 1, LLC
  Colorado   87-0696649
SRE Colorado – 2, LLC
  Colorado   87-0696643
SRE Colorado – 3, LLC
  Colorado   20-0150257
SRE Florida-1, LLC
  Florida   58-2560889
SRE Florida-2, LLC
  Florida   58-2560900
SRE Florida-3, LLC
  Florida   58-2560868
SRE Georgia-1, L.P.
  Georgia   58-2560891
SRE Georgia-2, L.P.
  Georgia   58-2555514
SRE Georgia-3, L.P.
  Georgia   58-2554985
SRE Holding, LLC
  North Carolina   56-2198745
SRE Maryland – 1, LLC
  Maryland   20-0162227
SRE Maryland – 2, LLC
  Maryland   20-0162236
SRE Michigan – 3, LLC
  Michigan   32-0011078
SRE Nevada – 1, LLC
  Nevada   88-0468209
SRE Nevada – 2, LLC
  Nevada   88-0465280
SRE Nevada – 3, LLC
  Nevada   88-0465279
SRE Nevada – 4, LLC
  Nevada   68-0552010
SRE Nevada – 5, LLC
  Nevada   73-1638705
SRE North Carolina – 1, LLC
  North Carolina   20-0162253
SRE North Carolina – 2, LLC
  North Carolina   20-0162267
SRE North Carolina – 3, LLC
  North Carolina   20-0162281
SRE Oklahoma – 1, LLC
  Oklahoma   20-0150172
SRE Oklahoma – 2, LLC
  Oklahoma   87-0696541
SRE Oklahoma – 3, LLC
  Oklahoma   87-0696522
SRE Oklahoma – 4, LLC
  Oklahoma   20-0150244

6


 

            
Exact Name of Registrant as Specified in its Charter (or other        
Governing Document) and Address, Including Zip Code, and        
Telephone Number, Including Area Code, of Registrant’s   State of   IRS Employer
Principal Executive Offices*   Organization   ID No.
SRE Oklahoma – 5, LLC
  Oklahoma   20-0150266
SRE South Carolina – 2, LLC
  South Carolina   58-2560892
SRE South Carolina – 3, LLC
  South Carolina   54-2106363
SRE South Carolina – 4, LLC
  South Carolina   03-0431822
SRE Tennessee-1, LLC
  Tennessee   56-2200186
SRE Tennessee-2, LLC
  Tennessee   56-2202429
SRE Tennessee-3, LLC
  Tennessee   56-2202479
SRE Tennessee-4, LLC
  Tennessee   20-0162289
SRE Tennessee-5, LLC
  Tennessee   20-0162295
SRE Tennessee-6, LLC
  Tennessee   20-0162304
SRE Tennessee-7, LLC
  Tennessee   20-0162314
SRE Tennessee-8, LLC
  Tennessee   20-0162318
SRE Tennessee-9, LLC
  Tennessee   20-0162324
SRE Texas-1, L.P.
  Texas   74-2962385
SRE Texas-2, L.P.
  Texas   74-2963860
SRE Texas-3, L.P.
  Texas   74-2963859
SRE Texas-4, L.P.
  Texas   45-0474729
SRE Texas-5, L.P.
  Texas   77-0589837
SRE Texas-6, L.P.
  Texas   90-0079415
SRE Texas-7, L.P.
  Texas   33-1001169
SRE Texas-8, L.P.
  Texas   82-0540594
SRE Virginia – 1, LLC
  Virginia   52-2252370
SRE Virginia – 2, LLC
  Virginia   20-0162340
Stevens Creek Cadillac, Inc.
  California   77-0093380
Town and Country Ford, Incorporated
  North Carolina   56-0887416
Village Imported Cars, Inc.
  Maryland   52-0896186
Windward, Inc.
  Hawaii   94-2659042
Z Management, Inc.
  Colorado   84-1172797
          * The principal executive office of all of the additional obligors is 6415 Idlewild Road, Suite 109, Charlotte, North Carolina 28212. Their telephone number is (704) 566-2400.

7


 

FORM T-1
Item 1.   GENERAL INFORMATION. Furnish the following information as to the Trustee.
  a)   Name and address of each examining or supervising authority to which it is subject.
          Comptroller of the Currency
          Washington, D.C.
  b)   Whether it is authorized to exercise corporate trust powers.
               Yes
Item 2.   AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.
    None
 
Items 3-15   Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.
Item 16.   LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.
  1.   A copy of the Articles of Association of the Trustee.*
 
  2.   A copy of the certificate of authority of the Trustee to commence business.*
 
  3.   A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*
 
  4.   A copy of the existing bylaws of the Trustee.**
 
  5.   A copy of each Indenture referred to in Item 4. Not applicable.
 
  6.   The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.
 
  7.   Report of Condition of the Trustee as of December 31, 2009 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.
* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.
** Incorporated by reference to Exhibit 25.1 to registration statement on S-4, Registration Number 333-159463 filed on August 21, 2009.

8


 

SIGNATURE
     Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of St. Paul, State of Minnesota on the 23rd of March 2010.
             
 
  By:   /s/ Richard Prokosch
 
Richard Prokosch
   
 
      Vice President    
         
By:
  /s/ Raymond Haverstock
 
Raymond Haverstock
   
 
  Vice President    

9


 

Exhibit 6
CONSENT
     In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.
Dated: March 23, 2010
             
 
  By:   /s/ Richard Prokosch
 
Richard Prokosch
   
 
      Vice President    
         
By:
  /s/ Raymond Haverstock
 
Raymond Haverstock
   
 
  Vice President    

10


 

Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
Exhibit 7
As of 12/31/2009
($000’s)
             
    12/31/2009
Assets
       
Cash and Balances Due From
    $6,198,904  
Depository Institutions
       
Securities
    43,054,635  
Federal Funds
    3,431,853  
Loans & Lease Financing Receivables
    189,772,027  
Fixed Assets
    4,797,639  
Intangible Assets
    13,399,731  
Other Assets
    15,721,341  
 
     
Total Assets
    $276,376,130  
 
       
Liabilities
       
Deposits
    $194,253,182  
Fed Funds
    10,148,686  
Treasury Demand Notes
    0  
Trading Liabilities
    345,396  
Other Borrowed Money
    31,068,244  
Acceptances
    0  
Subordinated Notes and Debentures
    7,629,967  
Other Liabilities
    6,705,043  
 
     
Total Liabilities
    $250,150,518  
 
       
Equity
       
Minority Interest in Subsidiaries
    $1,629,447  
Common and Preferred Stock
    18,200  
Surplus
    12,642,020  
Undivided Profits
    11,935,945  
 
     
Total Equity Capital
    $26,225,612  
 
       
Total Liabilities and Equity Capital
    $276,376,130  
 
To the best of the undersigned’s determination, as of the date hereof, the above financial information is true and correct.
U.S. Bank National Association
By:       /s/ Richard Prokosch
             Vice President
Date: March 23, 2010

11