Brickell Bank letter to clients – Banesco USA

May 21, 2019

Dear Valued Client:

We are pleased to announce our forthcoming merger with Banesco USA, a Florida State Chartered bank founded in 2006 and recently named, “Business of the Year”, by the South Florida Business Journal.

For now, there is no action needed on your part – just continue banking as usual for the next several months. Brickell Bank and Banesco USA will remain separate companies until regulatory approval is obtained and the transaction is complete. We expect this to be around midsummer, at which point you will receive a welcome package from Banesco USA with more specific information, including details about your accounts and additional banking options.

Banesco USA shares our same commitment to high-quality personal service and will bring you an enhanced level of financial strength and an expanded suite of products and services including five branches in Miami and one in San Juan, Puerto Rico; comprehensive commercial lending products; easy mobile access to your accounts; and state-of-the-art online banking, wire transfer and bill pay experiences.

In anticipation of some questions that you may have about this transition, attached is a brief list of frequently-asked-questions (FAQ) and you may find additional information about Banesco USA on their website at www.banescousa.com. In the meantime, please contact your advisor at Brickell Bank should you wish clarification or additional information. Our main telephone number is (305) 347-8300.

Your business and banking relationship are truly appreciated, and we are pleased to share this exciting news with you.

Sincerely,

G. Frederick Reinhardt

Chairman & CEO

Banesco USA Frequently Asked Questions:

Q: Who is Banesco USA and where are they located?

A: Founded in 2006 and based in Coral Gables, Banesco USA is an independent Florida State
Chartered bank (https://banescousa.com/OFR-Cert-of-Good-Standing.pdf) with $1.3 billion in
assets as of March 31, 2019. Banesco USA is part of Banesco Americas Corporation, a
worldwide group of financial institutions with presence in 15 countries. Since its foundation
Banesco USA has offered banking services and solutions to business owners, their families and
consumers within the communities they serve. Their mission is to provide the best and safest
banking experience protected by the latest technology to make banking more convenient to our
customers.

The bank has 5 branches in Coral Gables, Hialeah, Weston, Doral and one in San Juan Puerto
Rico. It plans to open a branch in Aventura, FL, in the second quarter of 2019. Banesco USA has a 5-
star rating from the Bauer Financial rating service and a BB- Fitch Rating. Visit www.BanescoUSA.com

Q: Who is the management of Banesco USA?

A: Banesco’s Management team is comprised of 11 Executives who bring vast experience in each
of their Respective areas.  Banesco USA’s President & CEO is Jorge Salas, a banking executive
with extensive experience as an international banker and a member of the Banesco Group for 18
years.

Its Chairman of the Board is Carlos Palomares, a banking executive with more than 40 years of
experience in U.S. and international financial markets. He is the former Chairman of Miami Dade
County’s Beacon Council and a member of Greater Miami Chamber of Commerce.

Q: Who should I call for questions about my Brickell Bank account?

A: You should contact your current account officer at Brickell Bank.

Q: Have the telephone numbers to call Brickell Bank from Brazil and Venezuela changed?

A: The numbers will remain the same until further notice.  From Brazil, please dial 0800-892-1678
and from Venezuela please dial 0800-102-9572.

Q: When do you anticipate the merger with Banesco USA to be completed?

A: There are several steps required to complete the acquisition and it will take several months
before everything is completed. Applications will be filed in the next few days with the governing
regulators and, once the regulatory approval is received, the transaction can then be completed.
We anticipate the closing of the transaction will be sometime in midsummer of this year. As soon
as we have the closing date, we will let you know. The conversion of systems is scheduled for
November.

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