Effective January 1, 2011 issuers of corporate stock must begin reporting corporate actions that affect stock basis, including but not limited to mergers, stock splits, stock dividends, recapitalizations and distributions in excess of cumulative earnings and profits. The following information is intended to meet the requirements of public disclosure pursuant to Treasury Regulation 1.6045B-1 (a)(3) and (b)(4) for People's Bank of Commerce. The Internal Revenue Service issued Form 8937 in December 2011 for reporting corporate actions.