November 06, 2008

Written agreement with Paramount Bancorp

For immediate release

The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Paramount Bancorp, Inc., a registered bank holding company, Paramount Bank, a state chartered member bank, both of Farmington Hills, Michigan, the Federal Reserve Bank of Chicago, and the Michigan Office of Financial and Insurance Regulation.

A copy of the Written Agreement is attached.

Last Update: November 06, 2008