SENIOR MANAGEMENT

Mr. Pierce joined AIG in January 1999, and has served as President & Chief Executive Officer and a Board Member of AIG Bank since the bank was chartered in May 2000.

Prior to his employment with AIG Bank, Mr. Pierce was with Beneficial Corporation from 1982 until 1998. During his tenure with Beneficial’s banking subsidiary, Beneficial National Bank, he served as President and Chief Executive Officer, a position he held from 1991 to 1998; Executive Vice President, Senior Vice President and Chief Financial Officer and Vice President, Controller. He served on the Board of Directors of other Beneficial Corporation subsidiaries, including Beneficial National Bank USA, Beneficial Savings Bank and WESCO Insurance, and also held management positions with Beneficial Commercial Corporation and Beneficial Mortgage Corporation.

Prior to his affiliation with Beneficial, Mr. Pierce was employed by the public accounting firm, Main Hurdman (Peat Marwick), from 1978-1982.

Mr. Pierce serves on the Board of Directors of the Wilmington Renaissance Corporation and the Delaware Financial Literacy Institute, and is a member of the Finance Committee of the Delaware Community Foundation.

Mr. Pierce graduated Magna Cum Laude from the University of Pennsylvania’s Wharton School of Business with a BS in Economics, and he is a CPA.

Mr. Ellis joined AIG Bank in August 2007 as Senior Vice President and General Counsel.

Prior to his employment with AIG Bank, Mr. Ellis was a partner with Duane Morris LLP, representing clients on banking, corporate, and bank-related securities matters at both the federal and state levels. Mr. Ellis also served as the General Counsel of County Bank of Rehoboth Beach, Delaware, as well as counsel with Seward & Kissel LLP.

Mr. Ellis served as the State Bank Commissioner of Delaware under two Governors, the Honorable Thomas Carper, U.S. Senator, D-DE, and the Honorable Michael Castle, U.S. Representative, R-DE, from 1988 until 1994. In addition, he has served as Legislative Counsel of the Conference of State Bank Supervisors, the professional association of the financial institution regulators of the fifty states, from 1980 until 1988. While there, he served as liaison with the National Governors’ Association and the National Conference of State Legislators.

Mr. Ellis served as Minority Counsel to the Banking Committee of the United States House of Representatives from 1978 until 1980. During his tenure with the committee, he worked on matters as diverse as bank regulatory reform, assisted housing programs, urban development and the Chrysler bailout. In addition, Mr. Ellis is a co-author of Banking Law in the United States (1st & 2nd editions), Butterworth’s Legal Publishers.

Mr. Ellis earned a Juris Doctor from the American University and a BA from the George Washington University.

Mr. Marini joined AIG in December 1999, and served as Vice President of Finance, assisting in the chartering of AIG Bank in 2000. Mr. Marini was subsequently promoted to Senior Vice President and Chief Financial Officer in 2001 and has served as the Bank’s Senior Vice President of Treasury and Capital Markets since 2007.

Prior to joining AIG Bank, Mr. Marini served as Vice President and Controller for Chase Manhattan Bank Delaware from 1994-1999. In this role, Mr. Marini was responsible for managing the Bank’s legal, regulatory and tax reporting functions. During his tenure with Chase, he served as a member of the Bank’s Trust Committee and was an appointed Officer for several of the corporation’s subsidiaries. Mr. Marini began his banking career in 1985 with Manufacturer’s Hanover Bank (Delaware) prior to the Chemical Banking Corporation merger and the subsequent merger with The Chase Manhattan Corporation.

Prior to his affiliation with Chase Manhattan Bank, Mr. Marini was employed by a prominent Philadelphia based law firm where he worked as an Accountant.

Since 1994, Mr. Marini has been an active member of Financial Executives International.

Mr. Marini graduated from Stockton State College with a BS in Accounting/Finance.

Mr. Molendyke joined AIG Bank in April 2011 as Senior Vice President and Chief Credit Officer to manage the Bank's national lending activities.

Prior to joining AIG Bank, Mr. Molendyke served as the Executive Vice President - Chief Lending Officer for a $1.3 billion federal credit union, responsible for their national lending programs. Mr. Molendyke has also served as Director of Business Banking for Susquehanna Bank, with assets of $13 billion, building a small business sales program for their Delaware Valley division. In addition, Mr. Molendyke was the First Senior Vice President and Retail Lending Director for Hudson United Bank, an $8 billion commercial bank, responsible for all retail lending programs throughout their four state foot print.

Mr. Molendyke was also affiliated with Chemical Bank for eleven years and has held direct and indirect lending positions at Summit Bank, Wilmington Trust and Mellon Bank throughout his career. Mr. Molendyke has served on the Board of Susquehanna Mortgage Corporation, ALCO, ALLL committees, and has participated in numerous community and outreach events as well.

Mr. Molendyke earned his MBA in Finance from Fairleigh Dickinson University, received a BA in Economics from Muhlenberg College, and graduated from the Consumer Bankers Association School of Retail Bank Management.

Ms. Robins joined AIG Bank in March 2000, and currently holds the position of Senior Vice President and Chief Compliance Officer. In this role, she is responsible for administering the Bank’s Regulatory Compliance Program, as well ensuring the Bank meets the needs of the community in her role as the Community Reinvestment Act Officer. Prior to assuming her current responsibilities, Ms. Robins was responsible for Quality Assurance, Third Party Arrangements and Business Continuity. Ms. Robins has also served as the Bank’s Vice President of Operations/Risk Management and Project Manager for significant non-IT projects.

Before joining AIG Bank, Ms. Robins was a Compliance Consultant for The Outsourcing Partnership in Langhorne, PA. In this role, she was responsible for generating new leads for the company and provided compliance management for a variety of community banks with assets of up to approximately $1 billion. Ms. Robins began her career in 1990 in the management training program of First Virginia Bank in Falls Church, VA, a regional bank with $9 billion in assets. She spent several years as a Branch Manager before developing her compliance experience managing the Holding Company’s HMDA and CRA data reporting.

Ms. Robins has a BA in Sociology from the University of Virginia, and has been awarded the professional designation of Certified Regulatory Compliance Manager.

Mr. Rossiter joined AIG Bank in November 1999 to manage Operations, Compliance and Community Reinvestment activities for the Bank. He later assumed the position of Senior Vice President and Chief Operating Officer.

Prior to joining AIG Bank, Mr. Rossiter was with Sears Roebuck and Company of Chicago, Illinois from 1997 until 1999 as Vice President of Compliance and Operational Risk Management for their credit group. Prior to Sears, Chase Manhattan Bank employed Mr. Rossiter for a total of thirteen years (1996-1997, 1982-1992). Mr. Rossiter also held positions with NatWest Bank (Delaware) from 1995-1996 as Director of Operational and Compliance Risk Management and with American Express Centurion Bank from 1992-1995 as the Director of Compliance and Community Reinvestment.

He has been involved in several community organizations, serving in various capacities. Currently, he is serving on the Board of Directors and other Board committees for the Delaware Community Investment Corporation, the Board of Directors for the New Castle Economics Development Council and is being nominated to a Board position with the West End Neighborhood House.

Mr. Rossiter graduated from the University of Delaware with a BS in Economics.

Rich Smith joined AIG Bank in January 2006 as Senior Vice President and Chief Marketing Officer and is responsible for marketing and strategy for all of the Bank’s products and services. Mr. Smith has over 18 years of experience in financial services marketing and product development. He joined AIG in 2000 and held management positions with other AIG business units before joining AIG Bank, including, Vice President of U.S. Consumer Markets for the AIG Domestic Accident and Health Division and Marketing Director for AIG Direct (21st Century Insurance)-AIG’s former domestic personal lines insurance company.

Prior to his employment with AIG, Mr. Smith was with the credit card division of Bank One (Chase) from 1998 to 2000 as First Vice President and Marketing Director of Balance Build, where he had responsibility for customer loan growth and oversaw more than 35 million customer impressions per month and an annual P&L of $230 million. From 1990 to 1998, Mr. Smith held several management positions at MBNA America (Bank of America), including First Vice President and Department Manager in Product Development where he was responsible for developing new products and business opportunities.

Mr. Smith serves on the North American Advisory Board of the CMO Council, the Governing Body of the CMO Executive Summit, and the Executive Board of the Boy Scouts of America, Del-Mar-Va Council, Inc.

Mr. Smith graduated from the University of Delaware’s Lerner College of Business and Economics with a MBA and holds a BS in Economics from Penn State University. He also received an Associate in Personal Insurance from the American Institute of Chartered Property Casualty Underwriters and the Insurance Institute of America.