Kim Saunders

The Eads Group, Inc. (“EGI”), a national multidisciplinary consulting services firm whose mission is to expand access to capital for more individuals by enhancing the operational and strategic capabilities of institutional clients, both for-and not-for- profit. The Eads Group’s niche industries include community banks, minority banks (“MDIs”) and community development financial institutions (“CDFIs”). EGI’s Strategic Partners include B&C International, Onset Capital Partners, Agility Consulting & Training, PRWT, FIRM Consulting Group, Center for Board Excellence, Municipal Bond Portfolio Analysis, LLC and the Carolinas Financial Network. Ms. Saunders is a high-energy, broad-impact leader with over 32 years of financial services industry experience. She has specialized expertise in commercial banking, financial and general management, credit administration, asset management, community and economic development, turnaround management and corporate governance. She has more than a decade of CEO experience in leading MDIs and has spent 19 years as a C Suite Executive in MDI and CDFI Banks. Ms. Saunders has been involved in the start-up phase of three de novo banks and led the turnaround and transformation of two century-old community banks.

»2nd Female President and CEO to lead this century old and the largest North Carolina based majority African American owned Bank and its publicly traded Holding Company, M&F Bancorp. »Appointed member of the FDIC’s Advisory Committee on Community Banking, the Federal Reserve Bank of Richmond’s Community Depository Institutions Advisory Council, and former Consumer Financial Protection Bureau’s Community Bank Advisory Council. »Vice Chairman of the Independent Community Bankers Association’s Minority Bank Council »National Bankers Association Board Member. »2009: Recognized as one of the state’s exceptional women leaders by both NC Magazine and the Triangle Business Leader Media Magazine. »2010: One of the Nation’s Most Powerful Women in Business by Black Enterprise Magazine. »2012: Selected by the Triangle Business Journal for one of its 2012 Women in Business Awards. •Guided the institution through its first acquisition in 86 years. In March 2008, M&F Bancorp completed its acquisition of Mutual Community Savings Bank, in a stock for stock merger transaction, which expanded the Bank’s operations into the Greensboro, NC Market. As a result, M&F Bank is now a $300 million dollar institution based in Durham, Raleigh, Greensboro, Winston-Salem, and Charlotte. Contributed to the first major non-organic fusion of capital in 50+ years. Obtained $11.7M in new capital under the US Treasury TARP program. •Contributed to the Bank sustaining Outstanding CRA Rating. The Bank also received a Bank Enterprise Award, of more than $300,000, from the CDFI Fund in December 2013, in recognition of its lending activities in economically distressed communities. •Served as a panelist for the FDIC’s national study on Brokered Deposits and its National MDI Conference, as well as for the FDIC Chairman’s Atlanta Region panel on Community Banking.

»2nd Female President and CEO to lead the then oldest continuously operating African American owned Bank in the United States. »Improved the Bank’s overall operating and financial performance by more than $1 million within the first 12 months of my administration. •Consolidated Bank and Trust Company (“CB&T”) was more than 100 years old and was the successor organization of the first U.S. financial institution ever organized and led by an African American woman (Maggie Lena Walker). Joined the Bank in December 2003 and CB&T had been under a Written Agreement with its regulators since 2000 and was suffering significant losses. Under my leadership and direct management, the Bank quickly achieved a remarkable turnaround. •CB&T obtained full compliance” with and termination of its Written Agreement, as well obtained upgrades in its overall regulatory status. The Bank’s loan portfolio delinquencies were reduced significantly and the net charge-off and recovery performance reached above its U.S. peer group banks’ performance. •Successfully spearheaded the Bank’s efforts to secure additional investment capital. As a result, the Bank secured $5 million in additional equity capital and became a well-capitalized financial institution by becoming a part of a majority woman owned and managed publicly traded two-bank holding company, the Abigail Adams National Bancorp, Inc. through a stock swap transaction. In addition, to these significant financial and regulatory achievements and despite a 50% reduction in headcount in early 2004, due to my management and leadership style, the Bank’s management team and staff maintained a positive morale and esprit de corps.

»Served as President and CEO in the absence of the President and CEO. »Interim Bank President during the terminal illness of the founding President and CEO. »Member of the Asset Liability Management and Information Technology Steering Committee. »Head of the Management Loan Committee. »Secretary of the Board of Directors Loan Committee. •Joined this de novo OCC chartered community development financial institution (“CDFI”) at its inception to organize, develop, manage, and oversee the Bank’s entire lending and credit administration activities. The Bank’s primary mission is to strengthen the underserved communities of Washington, D.C. Responsibilities included management of the Bank’s major operating lines of business-its lending, retail branch, resource development and mission oriented deposit activities, as well as credit administration.

»Produced a 60% annual growth in the loan portfolio. »Created and implemented the Bank’s Fannie Mae Seller Servicer and mortgage backed securities program that resulted in a 91% increase in profitability and national recognition for the Bank. •Organized, managed, and expanded this de novo minority Bank’s entire lending and credit administration activities. Marketed the Bank’s services and products to institutions, corporations, and individuals. Serviced the largest portfolio of client accounts, which included commercial, consumer, residential, and commercial real estate loans. Reported directly to the President and CEO, with additional reporting responsibility to the Board of Directors. Served on the Asset Liability and Investment Management and Marketing Committees.