Jan 9th, 14:05 system announcement
by Lindsay Druart

L&L Bank and Trust Update

*Interest payments
All interest paid up until the ban will be honored. Accounts that were adjusted yesterday will be adjusted again over the next few days. Interest accural will stop from yesterday forth until we have reached a resolve.

*Bank Licensing
L&L Bank and Trust has scheduled an appointment with the Georgia Department of Banking and Finance to go through the motions of pushing forth with a state chartered credit union or holding company. The results of the meeting will be posted the following day after the meeting. This will affect the SL side of the bank if we are granted the charter. We would have to enforce the Patriot Act as well as the Truth in Lending Act amoung other laws to operate services. More information about that will come shortly. I am compiling the advisory committee for the bank as well. If you would like to be apart, please call my office at 404-433-7968 and leave me a message and I will return your call this weekend.

*Linden Lab Petitioning
We have submitted our corporation certificate, articles of incorporation, IRS W9, and a copy of our bank statement from Wachovia to Linden Labs and we are waiting on a ruling. We have been asked for additional information which I am working to submit.

*Terminal Placement
A terminal will be placed in the main branch only starting Saturday morning 1/12/2008. The withdrawal limit has not been set yet but will be reflected in our ability to liquidate assets quickly.

*Continued Services
The following services will continue: Brokerage Exchange, Currency Exchange, Account Transfers, Direct Deposit, Affiliate Accounts, and Loans. The services will go back into rotation once the ATMs are placed again. We will hold of on affiliate terminals until we have solidified the new plans.

New services will launch a bit faster than the initial plan be we are working hard behind the scenes. Please give us a bit of time to process currency exchanges as our Paypal account is waiting for funds to be transferred in. I should have any waiting payments processed by the end of the day. I am doing most of the system side maintenance myself so please allow me to work on the problem.

I will not be answering IMs as they get capped but feel free to email me at lindsay.druart@gmail.com and I will respond within 24 hours. Thank you for your patience and your business.

Sincerely,

Lindsay Druart, CEO
http://www.myllbt.com
lindsay.druart@gmail.com