FEDERAL DEPOSIT INSURANCE CORPORATION

IN RE: National Advisors Trust Company, FSB (In Organization)
Overland Park, Kansas
Application for Federal Deposit Insurance (Savings Association Insurance Fund)

ORDER

The undersigned, acting under delegated authority, has fully considered all relevant facts and information relating to the factors of Section 6 of the Federal Deposit Insurance Act regarding the application for Federal deposit insurance for National Advisors Trust Company, FSB, a proposed new Federal savings bank to be located at 10901 Lowell Avenue, Suite 120, Overland Park, Johnson County, Kansas, and has concluded that the application should be approved.

Accordingly, it is hereby ORDERED, for the reasons set forth in the attached Statement, that the application submitted by National Advisors Trust Company, FSB, for Federal deposit insurance be, and the same hereby is, approved subject to the following conditions:

1. That beginning paid-in-capital funds of not less than $4,000,000 be provided and that the Tier 1 capital to assets ratio, as defined in Part 325 of the FDIC's Rules and Regulations at the time of application, be maintained at not less than eight percent during the first three years of operation;

2. That any changes in proposed management or proposed ownership (10 percent or more of stock including new acquisitions of or subscriptions to 10 percent or more of the stock), will render this commitment null and void unless such proposal is approved by the Regional Director of the FDIC's Kansas City Regional Office prior to the opening of the institution;

3. That Federal deposit insurance shall not become effective unless and until the applicant has been established as a Federal savings bank, that it has authority to conduct a banking business, and that its establishment and operation as a bank have been fully approved by the Office of Thrift Supervision;

4. That National Advisors Holdings, Inc. obtain approval from the Office of Thrift Supervision to acquire voting stock control of the institution prior to its opening;

5. That the insured institution shall be engaged in the business of receiving deposits other than trust funds;

6. That if Federal deposit insurance has not become effective within twelve months from the date of the ORDER, or unless, in the meantime, the FDIC approves a request for an extension of time, the consent granted shall expire at the end of the said twelve-month period; and

7. That until the conditional commitment herein granted for deposit insurance becomes effective, the FDIC shall have the right to alter, suspend, or withdraw said commitment should any interim development be deemed by the FDIC to warrant such action.

Dated at Washington, D.C., this day of , 2001.

By: John M. Lane
Associate Director
Division of Supervision

FEDERAL DEPOSIT INSURANCE CORPORATION

IN RE: National Advisors Trust Company, FSB (In Organization)
Overland Park, Kansas
Application for Federal Deposit Insurance (Savings Association Insurance Fund)

STATEMENT

Pursuant to the provision of Section 5 of the Federal Deposit Insurance Act (12 U.S.C. § 1815), an application for Federal deposit insurance with membership in the Savings Association Insurance Fund has been filed on behalf of National Advisors Trust Company, FSB, a proposed new Federal savings bank to be located at 10901 Lowell Avenue, Suite 120, Overland Park, Johnson County, Kansas.

National Advisors Trust Company, FSB will be a wholly-owned subsidiary of National Advisors Holdings, Inc., a unitary savings and loan holding company. National Advisors Trust Company, FSB's focus will be solely on trust services. National Advisors Trust Company, FSB intends to build its customer base through client referrals made by certified financial planners or other financial services firms. By virtue of having a Federal savings bank charter, National Advisors Trust Company, FSB will be able to exercise trust powers in all 50 states and the District of Columbia.

For the purposes of this proposal, the investment in fixed assets is reasonable, capital is adequate, future earnings prospects are favorable, and management is considered satisfactory. No formal objections to this application have been filed with the FDIC. Corporate powers to be exercised are consistent with the purpose of the Federal Deposit Insurance Act. No undue risk to the Savings Association Insurance Fund is apparent.

Accordingly, based upon careful evaluation of all available facts and information, the Associate Director, acting under delegated authority, has concluded that approval of the application is warranted, subject to the conditions enumerated in the ORDER.

ASSOCIATE DIRECTOR
DIVISION OF SUPERVISION
FEDERAL DEPOSIT INSURANCE CORPORATION