STIFEL BANK & TRUST

At Stifel Bank & Trust we believe the opportunity to help you meet your banking and lending needs is a privilege and carries with it a great responsibility. Protecting the confidential information of our clients (consumers and customers) is very important to us. With this in mind, Stifel Bank & Trust will be governed by the following privacy policy.

YOUR PRIVACY IS A TOP PRIORITY

As we work together, you often entrust us with personal and financial information. We use information given by you to provide products and services to you, to help you manage your financial resources, and to communicate better with you. We promise to protect the security, privacy, and use of your personal and financial information, including account and transaction details.

INFORMATION WE COLLECT

In order to make informed decisions about extending services to our customers, we collect non-public personal information about you from several sources:

• We receive information from you on applications or other forms, in person, via the telephone or other ways that we communicate with you. This information includes your name, address, social security number, and other personal data.

• We receive information about your transactions with us, our affiliates or other service providers, such as account balances, payment history and account activity.

• We receive information from consumer reporting agencies, such as your payment history and creditworthiness.

OPENING A NEW ACCOUNT WITH STIFEL BANK & TRUST

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means to you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

THE PRODUCTS AND SERVICES YOU USE ARE DELIVERED IN A SECURE ENVIRONMENT

When you use the Internet to access your account, you can feel confident that we use security measures that are appropriate to protect personal and financial information.

KEEPING YOUR PERSONAL INFORMATION ACCURATE AND CURRENT IS VITAL

We maintain physical, electronic, and procedural safeguards that comply with or exceed federal standards to guard your non-public personal information.

Employee access to your information is limited. Stifel Bank & Trust employees have access to client information based on their job function to assist you in your transactions, offer additional financial services, and resolve problems that might arise. All employees are instructed to use strict standards of care outlined in our Code of Conduct. Employees not adhering to these standards of conduct are subject to disciplinary action including dismissal.

We strive to keep your personal and financial information accurate. If you believe that our records or information we report to a consumer reporting agency are incorrect or out of date, please notify us. We will make any necessary corrections quickly.

HOW WE SHARE INFORMATION

Information we collect on current or former clients of Stifel Bank & Trust is shared only as permitted by law. We may share your information to implement security measures and fight fraud for your continued protection. We may also supply the most current and accurate information to credit bureaus or similar organizations.

We may share the information we collect with nonaffiliated companies to facilitate your transactions, manage risk, and provide combined services as permitted by law. If we share information with other companies with whom we contract, they must agree to maintain the confidentiality and security of your information and to use it for the specific purpose identified by us. Nonaffiliated companies include financial service companies with whom we have a joint marketing contract.

We have joint marketing contracts with:

• Financial services providers, such as credit card issuers.

We may share the information we collect as permissible with our affiliates in the Stifel Financial Corp. family to manage risk, and provide combined services including consolidated statements. Our affiliates are companies related to us by common ownership now or in the future.

Stifel does not rent or sell any client information collected through its web site or other means to any third-party marketers.

PRIVACY COMMITMENT

Stifel will continue to provide you notice of our privacy policy annually, as long as you maintain an ongoing relationship with us. This policy may change from time to time. You may review our current policy on our web site at www.stifelbank.com. When you access our web site, your information is protected through various forms of Internet security, such as passwords, data encryption, and Secure Socket Layers (SSL) technology.

If you have any questions regarding our pledge to protect your privacy, please direct them to Bank Security Officer, Stifel Bank & Trust, 955 Executive Parkway, Suite 216, St. Louis, MO 63141, or call (877) STIFEL-1.

* Affiliates include Stifel, Nicolaus & Company, Incorporated and Century Securities Associates, Inc. Century Securities is an introducing firm and uses Stifel Nicolaus as its clearing firm.