CASH 2018 Special Proxy Statement

• WSFS Financial Corporation (WSFS) • 1st Source Corporation (SRCE) • Westamerica Bancorporation (WABC) • FB Financial Corporation (FBK) • Washington Trust Bancorp, Inc. (WASH) • City Holding Company (CHCO) • Peoples Bancorp Inc. (PEBO) • Bryn Mawr Bank Corporation (BMTC) • Stock Yards Bancorp, Inc. (SYBT) • First Financial Corporation (THFF) • First Defiance Financial Corp. (FDEF) • Nicolet Bankshares, Inc. (NCBS) • Arrow Financial Corporation (AROW) • Live Oak Bancshares, Inc. (LOB) • Old Second Bancorp, Inc. (OSBC) • Carolina Financial Corporation (CARO) • Farmers National Banc Corp. (FMNB) Crestmark Comparable Group • Triumph Bancorp, Inc. (TBK) • ECN Capital Corporation (ECN) • National Commerce Corporation (NCOM) • Live Oak Bancshares, Inc. (LOB) • CAI International, Inc. (CAI) • People’s Utah Bancorp (PUB) • Northeast Bancorp (NBN) • Marlin Business Services Corp. (MRLN) The table below sets forth the mean and median data for the Meta Comparable Group and the Crestmark Comparable Group: Meta Comparable Group Multiples Crestmark Comparable Group Multiples Mean Median Mean Median Tangible Book Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 247% 241% 186% 184% LTM EPS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.1x 19.6x 17.9x 18.3x 2018E EPS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.4x 15.6x 15.3x 16.9x 2019E EPS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.4x 14.0x 12.3x 13.2x Taking into account the results of the selected companies analysis, Raymond James applied the mean and median of the price to TBV multiples and price to EPS multiples to the corresponding financial data for each of 49