Bank with Confidence. . . a word from the President

July 23, 2008

Dear Guardian Customers:

The media has given a lot of attention to the banking industry in recent days. Here at Guardian Savings Bank, we want to assure you that our bank continues to be strong and remains an important part of our community.

Guardian is well capitalized. Capital serves as a “buffer” against any loss. Guardian’s core capital is 18%, well above the 3% required by regulators.

Guardian has been making traditional mortgage loans to credit worthy persons in our community to purchase homes since 1919. Many banks with problems have been making sub-prime and nontraditional loans particularly the kind that required no proof or verification of income.

Guardian is insured by the FDIC and your deposits are insured up to the maximum allowed by law. You can be confident your insured deposits are safe. FDIC insurance is backed by the full faith and credit of the United States Government.

Since 1919 Guardian has been serving the community. We want you to know we appreciate your business. If you have any questions about your accounts, please do not hesitate to call us at 618-876-5544.

Sincerely,

GUARDIAN SAVINGS BANK

James R. Seiz

President