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George P. Rutland

January 1, 1993

Chairman of the Board, President and CEO Northeast Savings, F.A. Hartford, Connecticut Current: Chairman & CEO – TaiPan Corporation (Deceased) – Carlsbad, California

George P. Rutland is the Chairman of the Board, President and Chief Executive Officer of Northeast Savings, F.A. Mr. Rutland joined Northeast Savings in July, 1988 from CalFed Inc., a major California based financial services company, where he served as their President and Chief Executive Officer. CalFed’s principle subsidiary, California Federal Savings and Loan Association, is the fourth largest thrift institution in the country. It operates in four states and has insurance subsidiaries in all 50 states. Prior to joining CalFed, Mr. Rutland was a Senior Executive Vice President at Crocker Bank where he headed the division which oversaw Crocker’s 360 branch system and had responsibility for their agricultural, commercial and real estate lending and operations division. Mr. Rutland started his banking career in 1954 in the accounting and trust division at Citibank. Mr. Rutland is a graduate of Pace University, where he earned his bachelor’s degree in accounting. Mr. Rutland is a member of the Board of Trustees of Pace University, New York, and Chairman of the Board of Trustees of the International Aids Research Hospital Foundation. Mr. and Mrs. Rutland make their home in Avon, Connecticut. “This country was built on the premise that any individual who was determined to succeed, could succeed.”