The settlement provides for (i) significant corporate governance reforms at State Bank; (ii) substantial changes to the composition of the Company’s Board of Directors (the Board is being reduced from 15 to 10 members and 3 of the 10 will be “new” directors in that they came onto the Board after the commencement of the action); and (iii) the payment of $1.2 million in cash to State Bank from insurance. The settlement was approved by the Court on August 5, 2008.