Farmington State Bank, d/b/a Moonstone Bank:

The FTX deposit at issue is safe and it is clear from our last published Call Report that there is more than sufficient liquidity, in Fed Funds sold, to cover the deposit.

As soon as negative news surrounding FTX began to circulate in early November, the Bank took immediate action to place a hold on the account, in light of competing claims and an attempt by potentially unauthorized persons to withdraw the funds. We also have been in contact with both the FTX debtor-in-possession and the Bahamian Joint Provisional Liquidator.

We look forward to an order from the Delaware Bankruptcy Court, which should tell us exactly where to transfer the FTX deposit. Our sole concern has been to have a clear direction on who, the FTX debtor-in-possession or the Bahamian Joint Provisional Liquidator, is entitled to the deposit, because we cannot be put in a position to pay the deposit back twice. We intend to file a motion with the Delaware Bankruptcy Court asking for clear direction.