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Charles E. Allen

January 1, 2003

Chairman, President and CEO and Co-founder Graimark Realty Advisors, Inc. – Detroit, Michigan

Following a distinguished career in commercial banking, Charles Allen co-founded Graimark Realty Advisers, a real estate development, investment and asset management company. For more than five years, Graimark provided asset management and disposition services to the Resolution Trust Corporation and the FDIC during which time it was the country’s largest African-American asset management contractor handling portfolios that exceeded $2 billion in 26 states. Graimark is presently engaged in developing single-family communities in underserved urban areas. Mr. Allen is past president of AAA of Michigan and of the national AAA association based in Orlando, Florida. He serves on numerous other corporate and civic boards, including Blue Cross and Blue Shield of Michigan, the Detroit Branch of the 7th Federal Reserve Bank of Chicago, the Detroit Economic Club, and the United Negro College Fund.