Dear Customers,

After 26 wonderful years at State Street Bank and an incredible 51 years in the banking industry, the time has come to announce my retirement. Working with so many of you has been an honor and privilege, and I am deeply grateful for the relationships and memories we have built together.

Throughout my tenure, I have had the pleasure of witnessing your businesses and families grow and thrive. Your trust and partnership have been the cornerstones of our success, and I am immensely proud of the accomplishments we have achieved together. Working with the exceptional team at State Street Bank has been one of the greatest joys of my career, and I am proud of the bank we have built and grown over the years.

As I step down, I am thrilled to announce that the board of directors elected Scott Smith as President of State Street Bank. Scott has been an integral part of our team for 37 years and has been my trusted partner for the past 26 years. His extensive experience across all areas of the bank, including lending, Trust Services, and bank operations, makes him the perfect person to lead State Street Bank into the future.

Deciding to retire is never easy, but knowing that the bank is in such capable hands with Scott gives me great comfort and confidence. I am excited to see the continued growth and success of State Street Bank under his leadership.

Thank you for your support, dedication, and friendship over the years. It has truly been a remarkable journey.

Warm regards,

Mike Mahair