TABLE OF CONTENTS




| |                                                                                                                          |  |  |  |  |  |  | 
| | ------------------------------------------------------------------------------------------------------------------------ |  |  |  |  |  |  | 
| | FORM 10-KSB                                                                                                             
| | ITEM 1. DESCRIPTION OF BUSINESS                                                                                         
| | ITEM 2. DESCRIPTION OF PROPERTIES                                                                                       
| | ITEM 3. LEGAL PROCEEDINGS                                                                                               
| | ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                                                             
| | ITEM 5. MARKET FOR THE REGISTRANTS COMMON STOCK AND RELATED STOCKHOLDER MATTERS                                        
| | ITEM 6. MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS                             
| | ITEM 7. FINANCIAL STATEMENTS                                                                                            
| | ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURES                           
| | ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS: COMPLIANCE WITH SECTION 16 (a) OF THE EXCHANGE ACT
| | ITEM 10. EXECUTIVE COMPENSATION                                                                                         
| | ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT                                                 
| | ITEM 12. CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS                                                           
| | ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K                                                                               



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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549




FORM 10-KSB

(Mark One)



| |  | [X] ANNUAL REPORT UNDER SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
| |  | -----------------------------------------------------------------------------------

For the fiscal year ended December 31, 1999



| |  | [ ] TRANSITION REPORT UNDER SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
| |  | ---------------------------------------------------------------------------------------

For the transition period from ____________________ to ______________________

Commission File Number 000-24255

GLB BANCORP, INC.

(Exact Name of Registrant as Specified in its Charter)

|                                         |  |                                     
|---------------------------------------- |  | ------------------------------------
|Ohio                                     |  | 31-1529973                          
|                                        
|                                        
|                                        
|                                        
|(State or Other Jurisdiction of          |  | (I.R.S. Employer Identification No,)
|                                        
|                                        
|                                        
|                                        
|Incorporation of Organization)          
|                                        
|                                        
|                                        
|                                        
|                                        
|7001 Center Street, Mentor, Ohio         |  | 44060                               
|                                        
|                                        
|                                        
|                                        
|(Address of Principal Executive Offices) |  | (Zip Code)                          

(440) 974-0000
(Registrants Telephone Number, including Area Code)

Securities registered pursuant to Section 12 (b) of the Act: NONE
Securities registered pursuant to Section 12 (g) of the Act: Common Stock, without par value

Indicate whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12
months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the
past 90 days. Yes _ X_ No___

Indicate if disclosure of delinquent filers in response to Item 405 of
Regulation S-B is not contained herein, will not be contained, to the
registrants knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any amendment to
this Form 10-KSB. [ X ]

State issuers revenues for the most recent fiscal year. $8,241,364.

State the aggregate market value of the voting and non-voting common equity
held by non-affiliates computed by reference to the price at which the common
equity was sold, or the average bid and asked price of such common equity, as
of a specified date within the past 60 days. As of March 22, 2000, 2,133,906
shares of Common Stock of the Registrant were outstanding. The aggregate
market value of the voting stock held by non-affiliates was $12,356,669 upon
the trading price of $8.25 per share.

Documents incorporated by References:
Portions of the 1999 Annual report-Part II
Portions of the Proxy Statement for the 2000 Annual Meeting (to be filed in
March 2000)- Part III

Transitional Small Business Disclosure Format Yes____No_X_

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##### Table of Contents



GLB BANCORP, INC.

TABLE OF CONTENTS

|         |  |                                                                                                                  |  |         
|-------- |  | ---------------------------------------------------------------------------------------------------------------- |  | --------
|        
|         |  |                                                                                                                  |  | Page No.
|         |  |                                                                                                                  |  |         
|         |  | Part I                                                                                                           |  |         
|Item 1.  |  | Description of Business                                                                                          |  | 3-15    
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|Item 2.  |  | Description of Property                                                                                          |  | 15      
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|Item 3.  |  | Legal Proceedings                                                                                                |  | 15      
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|Item 4.  |  | Submission of Matters to a Vote
of Security Holders                                                              |  | 15      
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|         |  | Part II                                                                                                         
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|Item 5.  |  | Market for the Registrants
Common Stock and Related
Stockholder Matters                                         |  | 16      
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|Item 6.  |  | Management Discussion and
Analysis of Financial Condition
and Results of Operations                              |  | 16      
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|Item 7.  |  | Financial Statements                                                                                             |  | 16      
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|Item 8.  |  | Changes In and Disagreements
with Accountants on Accounting
and Financial Disclosures                            |  | 16      
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|         |  | Part III                                                                                                        
|        
|        
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|Item 9.  |  | Directors, Executive Officers,
Promoters and Control Persons:
Compliance With Section 16 (a)
of the Exchange Act |  | 17      
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|        
|Item 10  |  | Executive Compensation                                                                                           |  | 17      
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|Item 11. |  | Security Ownership of Certain
Beneficial Owners and Management                                                   |  | 17      
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|Item 12. |  | Certain Relationships and Related
Party Transactions                                                             |  | 17      
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|Item 13. |  | Exhibits and Reports on Form 8-K                                                                                 |  | 17-20   

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##### Table of Contents



PART I




ITEM 1. DESCRIPTION OF BUSINESS

Forward-Looking Statements

This report may contain certain forward-looking statements. GLB Bancorp
desires to take advantage of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 with respect to all forward-looking
statements. The words believe, expect, anticipate, estimate,
project, and similar expressions are intended to identify forward-looking
statements. GLB Bancorps ability to predict the results or effect of future
plans is inherently uncertain. Factors which could affect actual results
include interest rate trends, the economic climate in GLB Bancorps market area
and the country, loan delinquency rates, and changes in federal and state
regulations. These factors should be considered in evaluating forward-looking
statements and undue reliance should not be placed on such statements.

General

GLB Bancorp, Inc. (the Company) is a one-bank holding company that owns
all of the outstanding common stock of Great Lakes Bank (the Bank). The
Company was incorporated on March 5, 1997 for the purpose of becoming the
holding company for the Bank. The holding company reorganization of the Bank
was completed on September 12, 1997. With its main office located at 7001
Center Street, Mentor, Ohio 44060, the Bank is the only commercial bank
headquartered in Lake County, Ohio. The Company provides a focused core of
banking services, primarily for individuals and small to medium-sized
businesses.

The Companys lending activities focus primarily on secured lending for
residential and commercial real estate. Most of the Companys loans are
secured by first mortgages or junior mortgages on various types of real estate,
including single-family residential, multi-family residential, mixed use,
commercial, developed and undeveloped real estate. The Company generally does
not offer commercial loans secured exclusively by accounts receivable and
inventory.

The Company offers a broad array of deposit products, including checking
and savings accounts and certificates of deposit. Although the Company
attempts to be competitive with other financial institutions in its market
area, the Company generally sets its interest rates on deposits based on those
offered by the leading commercial banks in the area, rather than those offered
by the leading thrift institutions.

The Company also maintains relationships with correspondent banks and
other independent financial banking institutions to provide other services as
requested by customers, including loan participations in circumstances in which
the requested loan amount exceeds the Companys legal lending limit.

Merger Termination

On November 24, 1998, GLB Bancorp, Inc. and Maple Leaf Financial, Inc.
(Maple Leaf) signed an Agreement of Affiliation and Plan of Merger, which was
later amended December 29, 1998. In the third quarter of 1999, GLB Bancorp Inc.
and Maple Leaf Financial, Inc. terminated the agreement agreeing that it was in
the best interests of both companies and their shareholders. GLB Bancorp, Inc.
incurred $168,354 in pre-tax expenses in 1999 related to the proposed merger
and its termination.

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##### Table of Contents



Competition

There are many bank, savings bank, savings association, and credit union
offices located within Great Lakes Banks primary market area. The Bank faces
strong competition both in originating loans and in attracting deposits. Some
of the competitors offer products and services that are not offered by the
Bank. Some of the competitors are not subject to the same kind and amount of
regulatory restrictions and supervision to which Great Lakes Bank is subject.
Because Great Lakes Bank is a community bank that is considerably smaller than
other commercial lenders in the area, the Banks legal lending limit does not
allow it to make commercial loans in amounts many competitors can offer. Great
Lakes Bank may from time to time accommodate loan volumes in excess of its
lending limit through the sale of participations in loans to other banks.

Being the only commercial bank headquartered in Lake County, Great Lakes
Bank seeks to take competitive advantage of its local orientation. It competes
for loans principally through responsiveness to customers and its ability to
communicate effectively with them and understand and address their needs.
Great Lakes Bank competes for deposits principally by offering customers
personal attention, a variety of banking services, attractive rates, and
strategically located banking facilities. Great Lakes Bank seeks to provide
high quality banking service to professionals and small and mid-sized
businesses, as well as individuals, emphasizing quick and flexible responses to
customer demands.

Lending Activities

Great Lakes Bank is an active lender in Lake and Geauga Counties. The
Banks overall investment philosophy is to lend as much money as possible in
the community within appropriate capital and risk limits. The Bank offers
customers a variety of loans. While providing residential, commercial, and
consumer loans, the Bank specializes in real estate lending with 87.0% of total
loans being secured by real estate.

Loan Portfolio Composition.The following table sets forth the composition of
the loan portfolio in dollar amounts and in percentages at December 31, 1999,
1998, and 1997.

|              |                                        |   |              |            |         |  |        |      |         |   |            |            |         |  |       |      |   |   |            |            |   |  |       |      |  
|------------- | -------------------------------------- | - | ------------ | ---------- | ------- |  | ------ | ---- | ------- | - | ---------- | ---------- | ------- |  | ----- | ---- | - | - | ---------- | ---------- | - |  | ----- | ---- | -
|              |                                        |   | December 31,
|              |                                        |   |             
|              |                                        |   | 1999         |            | 1998    |  | 1997  
|              |                                        |   |              |            |         |  |       
|              |                                        |   | Amount       |            | Percent |  | Amount |      | Percent |   | Amount     |            | Percent
|              |                                        |   |              |            |         |  |        |      |         |   |            |            |        
|Type of Loan:
|             
|             
|             
|             
|              | Residential real estate                |   | $            | 37,053,118 |         |  |        | 42.4 | %       |   | $          | 28,059,900 |         |  |       | 46.5 | % |   | $          | 27,705,745 |   |  |       | 52.2 | %
|             
|             
|             
|             
|              | Residential construction               |   |              | 5,250,015  |         |  |        | 6.1  | %       |   |            | 5,398,818  |         |  |       | 8.9  | % |   |            | 6,384,980  |   |  |       | 12.0 | %
|             
|             
|             
|             
|              | Commercial real estate and other       |   |              | 34,904,601 |         |  |        | 39.9 | %       |   |            | 23,083,967 |         |  |       | 38.3 | % |   |            | 15,763,306 |   |  |       | 29.7 | %
|             
|             
|             
|             
|              | Commercial construction                |   |              | 10,182,301 |         |  |        | 11.6 | %       |   |            | 5,248,703  |         |  |       | 8.7  | % |   |            | 3,452,690  |   |  |       | 6.5  | %
|             
|             
|             
|             
|              | Consumer                               |   |              | 5,658,611  |         |  |        | 6.5  | %       |   |            | 3,625,487  |         |  |       | 6.0  | % |   |            | 3,995,899  |   |  |       | 7.5  | %
|              |                                        |   |              |            |         |  |        |      |         |   |            |            |         |  |       |      |   |   |            |            |   |  |       |     
|Total loans   |                                        |   | 93,048,646   |            |         |  | 106.5  | %    |         |   | 65,416,875 |            |         |  | 108.4 | %    |   |   | 57,302,620 |            |   |  | 107.9 | %   
|             
|             
|             
|             
|Less:        
|             
|             
|             
|             
|              | Undisbursed loans in process           |   |              | (4,885,876 | )       |  |        | -5.7 | %       |   |            | (4,489,532 | )       |  |       | -7.4 | % |   |            | (3,752,865 | ) |  |       | -7.0 | %
|             
|             
|             
|             
|              | Unamortized loan origination
fees, net |   |              | (124,897   | )       |  |        | -0.1 | %       |   |            | (114,464   | )       |  |       | -0.2 | % |   |            | (49,770    | ) |  |       | -0.1 | %
|             
|             
|             
|             
|              | Allowance for loan losses              |   |              | (625,371   | )       |  |        | -0.7 | %       |   |            | (482,418   | )       |  |       | -0.8 | % |   |            | (402,534   | ) |  |       | -0.8 | %
|              |                                        |   |              |            |         |  |        |      |         |   |            |            |         |  |       |      |   |   |            |            |   |  |       |     
|Net loans     |                                        | $ | 87,412,502   |            |         |  | 100    | %    |         | $ | 60,330,461 |            |         |  | 100   | %    |   | $ | 53,097,451 |            |   |  | 100.0 | %   
|              |                                        |   |              |            |         |  |        |      |         |   |            |            |         |  |       |      |   |   |            |            |   |  |       |     

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##### Table of Contents



The following table presents maturity information for the loan
portfolio at December 31, 1999. The table does not include prepayments or
scheduled principal repayments. Adjustable-rate mortgage loans are shown as
maturing based on contractual maturities.

|                                      |                                        |                  |            |                              |            |              |           |             |           |              |            |            |            |       |           |   |            |   |           |   |           |   |              |            |            | 
|------------------------------------- | -------------------------------------- | ---------------- | ---------- | ---------------------------- | ---------- | ------------ | --------- | ----------- | --------- | ------------ | ---------- | ---------- | ---------- | ----- | --------- | - | ---------- | - | --------- | - | --------- | - | ------------ | ---------- | ---------- | 
|                                      |                                        |                  |            | Year Ended December 31, 1999
|                                      |                                        |                  |            |                             
|                                      |                                        |                  |            |                              |            |              |           |             |           |              |            | Commercial
|                                      |                                        |                  |            | Residential                  |            | Residential  |           | Real Estate |           | Commercial  
|                                      |                                        |                  |            | Real Estate                  |            | Construction |           | And Other   |           | Construction |            | Consumer   |            | Total
|                                      |                                        |                  |            |                              |            |              |           |             |           |              |            |            |            |      
|Amount Due:                          
|                                     
|                                     
|                                     
|                                     
|Due in one year or less               |                                        | $                | 1,314,476  |                              |            | $            | 0         |             |           | $            | 6,391,264  |            |            | $     | 4,330,628 |   |            | $ | 954,634   |   |           | $ | 12,991,002   |           
|                                     
|                                     
|                                     
|                                     
|Due after one year through five years |                                        |                  | 725,476    |                              |            |              | 0         |             |           |              | 6,715,811  |            |            |       | 912,947   |   |            |   | 1,173,216 |   |           |   | 9,527,450    |           
|                                     
|                                     
|                                     
|                                     
|Due after five years                  |                                        |                  | 35,013,166 |                              |            |              | 5,250,015 |             |           |              | 21,797,526 |            |            |       | 4,938,726 |   |            |   | 3,530,761 |   |           |   | 70,530,194   |           
|                                      |                                        |                  |            |                              |            |              |           |             |           |              |            |            |            |       |           |   |            |   |           |   |           |   |              |           
|                                      |                                        | Total amount due |            | $                            | 37,053,118 |              |           | $           | 5,250,015 |              |            | $          | 34,904,601 |       |           | $ | 10,182,301 |   |           | $ | 5,658,611 |   |              | $          | 93,048,646 | 
|                                      |                                        |                  |            |                              |            |              |           |             |           |              |            |            |            |       |           |   |            |   |           |   |           |   |              |           
|Less:                                
|                                     
|                                     
|                                     
|                                     
|                                      | Undisbursed loans in process           |                  |            |                              |            |              |           |             |           |              |            |            |            |       |           |   |            |   |           |   |           |   |              | (4,885,876 | )         
|                                     
|                                     
|                                     
|                                     
|                                      | Unamortized loan origination
fees, net |                  |            |                              |            |              |           |             |           |              |            |            |            |       |           |   |            |   |           |   |           |   |              | (124,897   | )         
|                                     
|                                     
|                                     
|                                     
|                                      | Allowance for loan losses              |                  |            |                              |            |              |           |             |           |              |            |            |            |       |           |   |            |   |           |   |           |   |              | (625,371   | )         
|                                     
|                                     
|                                     
|                                     
|Net loans                             |                                        |                  |            |                              |            |              |           |             |           |              |            |            |            |       |           |   |            |   |           |   |           |   | ($87,412,502 | )         
|                                      |                                        |                  |            |                              |            |              |           |             |           |              |            |            |            |       |           |   |            |   |           |   |           |   |              |           

The following table shows the dollar amount of all loans due after
December 31, 1999 that have predetermined interest rates and the dollar amount
of all loans due after December 31, 1999 that have floating or adjustable
interest rates.

|                                 |  |                   |            |                  |  |             |            |  |  |   |            | 
|-------------------------------- |  | ----------------- | ---------- | ---------------- |  | ----------- | ---------- |  |  | - | ---------- | 
|                                 |  | December 31, 1999
|                                 |  |                  
|                                 |  |                   |            |                  |  | Floating or
|                                 |  | Fixed Rates       |            | Adjustable Rates |  | Total      
|                                 |  |                   |            |                  |  |            
|Residential real estate          |  | $                 | 25,431,608 |                  |  | $           | 11,621,510 |  |  | $ | 37,053,118 | 
|                                
|                                
|                                
|                                
|Residential construction         |  |                   | 3,609,503  |                  |  |             | 1,640,512  |  |  |   | 5,250,015  | 
|                                
|                                
|                                
|                                
|Commercial real estate and other |  |                   | 6,920,147  |                  |  |             | 27,984,454 |  |  |   | 34,904,601 | 
|                                
|                                
|                                
|                                
|Commercial construction          |  |                   | 2,843,628  |                  |  |             | 7,338,673  |  |  |   | 10,182,301 | 
|                                
|                                
|                                
|                                
|Consumer                         |  |                   | 2,872,171  |                  |  |             | 2,786,440  |  |  |   | 5,658,611  | 
|                                 |  |                   |            |                  |  |             |            |  |  |   |            | 
|Total                            |  | $                 | 41,677,057 |                  |  | $           | 51,371,589 |  |  | $ | 93,048,646 | 
|                                 |  |                   |            |                  |  |             |            |  |  |   |            | 

In order to control interest rate risk the Bank is an active seller in
the secondary mortgage market. Fixed rate mortgage loans are generally sold.
Total proceeds from the sale of mortgage loans during 1999 were $6,304,064.
Mortgage servicing is usually retained by the Bank to insure better customer
service.

As a community bank, Great Lakes Bank also makes non conforming
mortgage loans that cannot be sold in the secondary market because the loan
amount is too large or it doesnt qualify for other reasons such as property
type, credit history or documentation requirements. The Bank, utilizing prudent
underwriting criteria will generally make these loans on an adjustable rate
basis and keep them in the Banks portfolio. By following this strategy, the
Bank is able to control interest rate risk while still providing customers with
mortgage money that may not be available elsewhere.

Construction lending continues to make up a significant portion of the
Banks lending efforts. Great Lakes Bank offers a variety of construction loan
products including construction/permanent loans to homeowners, residential
construction loans to builders, and commercial construction loans to contractors
and business owners. The Banks commitment to construction lending means
increased growth and vitality in the communities the Bank serves as well as
profitable, short-term loans that can be converted to mortgages for sale in the
secondary market or kept in the Banks portfolio. Construction loans represent a
significant portion of the Banks overall business.

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|                            |                          |        |                   |            |         |  |      |       |  
|--------------------------- | ------------------------ | ------ | ----------------- | ---------- | ------- |  | ---- | ----- | -
|                            |                          |        | December 31, 1999
|                            |                          |        |                  
|                            |                          |        | Total Dollar      |            | Percent
|Type of Construction Loans  |                          | Amount |                   | of total  
|                            |                          |        |                   |           
|Residential Construction    |                          | $      | 5,250,015         |            |         |  | 34.0 | %    
|                           
|                           
|                           
|                           
|Builder Loans               |                          |        | 3,789,308         |            |         |  | 24.6 | %    
|                           
|                           
|                           
|                           
|Commercial Construction     |                          |        | 5,728,173         |            |         |  | 37.1 | %    
|                           
|                           
|                           
|                           
|Acquisition and Development |                          |        | 664,820           |            |         |  | 4.3  | %    
|                            |                          |        |                   |            |         |  |      |      
|                            | Total Construction Loans |        | $                 | 15,432,316 |         |  |      | 100.0 | %
|                            |                          |        |                   |            |         |  |      |      

Great Lakes Bank is also active in commercial lending. In Lake County,
the primary service area, there are numerous small and medium-sized business
establishments, including light industrial, manufacturing, retail and service
businesses. The Bank makes commercial loans to these enterprises for general
business purposes, most of which loans are secured by real estate. Although
commercial loans generally bear somewhat more risk than single-family
residential mortgage loans, commercial loans tend to be higher yielding, tend to
have shorter terms and generally provide for interest-rate adjustments as
prevailing rates change. The Bank has been placing more emphasis on its
commercial loan products and expects to continue doing so in the future with its
two Business Bankers who work specifically with existing and prospective
commercial customers.

During 1999, Commercial real estate and construction lending increased
59.1% over 1998 levels with residential real estate and construction lending
increasing at a lessor percent of 26.4% over 1998 values. Despite competitive
pressures being strong in the area of commercial lending, we have been able to
increase the commercial composition of our portfolio without lowering our
underwriting standards. Instead the Bank has instituted a new loan grading
system that is being used by loan officers resulting in loans being graded
before presentation for approval.

Great Lakes Bank is also an active consumer lender offering a variety
of installment loan products including auto loans, boat financing, savings
secured loans, credit cards and second mortgages. In the area of consumer loans,
the Bank has been particularly successful with its Great Line product, a home
equity line of credit that gives the borrower flexibility and a lower interest
rate and provides the Bank with a secured loan that adjusts with market interest
rates. During 1998 the Bank began a teaser rate promotion for this product to
try and increase the use of the Great Line by customers, with the rate adjusting
to prime after 6 months. This product is still part of our lending program and
continues to bring us new business increasing by $1.3 million from 1998 to 1999.

Great Lakes Bank believes that there are significant market
opportunities for increased lending within its market area. The Bank will
continue to emphasize personal service and flexibility in lending while looking
for high quality loans that are properly priced and secured.

6



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##### Table of Contents



|                                                |                      |        |                   |           |         |  |      |       |  
|----------------------------------------------- | -------------------- | ------ | ----------------- | --------- | ------- |  | ---- | ----- | -
|                                                |                      |        | December 31, 1999
|                                                |                      |        |                  
|                                                |                      |        | Total Dollar      |           | Percent
|Type of Consumer Loans                          |                      | Amount |                   | of total 
|                                                |                      |        |                   |          
|Home Equity Loans                               |                      | $      | 637,714           |           |         |  | 11.3 | %    
|                                               
|                                               
|                                               
|                                               
|Home Equity Lines of Credit                     |                      |        | 2,786,440         |           |         |  | 49.3 | %    
|                                               
|                                               
|                                               
|                                               
|Automobile Loans                                |                      |        | 777,336           |           |         |  | 13.7 | %    
|                                               
|                                               
|                                               
|                                               
|Boat Loans                                      |                      |        | 257,424           |           |         |  | 4.5  | %    
|                                               
|                                               
|                                               
|                                               
|Passbook Loans                                  |                      |        | 157,601           |           |         |  | 2.8  | %    
|                                               
|                                               
|                                               
|                                               
|Other Secured Consumer Loans                    |                      |        | 645,158           |           |         |  | 11.4 | %    
|                                               
|                                               
|                                               
|                                               
|Credit Cards and Other Unsecured Consumer Loans |                      |        | 396,938           |           |         |  | 7.0  | %    
|                                                |                      |        |                   |           |         |  |      |      
|                                                | Total Consumer Loans |        | $                 | 5,658,611 |         |  |      | 100.0 | %
|                                                |                      |        |                   |           |         |  |      |      

Nonperforming Loans

A loan is considered by Great Lakes Bank to be nonperforming when it is
90 days or more delinquent or, if sooner, when the Bank has determined that
repayment of the loan in full is unlikely. Late charges on residential mortgages
are assessed if a payment is not received by the 15th day after the due date,
and on installment loans, late charges are assessed if a payment is not received
by the 10th day following the due date. Immediately thereafter, any borrower
whose payment is not received by the proper time is mailed a past due notice.
The borrower will be contacted by telephone if the delinquency continues to the
30th day. Late charges generally do not apply to Great Lakes Banks commercial
loans. With payments generally due on the first of each month, a commercial
borrower will be contacted if a loan payment has not been received by the tenth
day of the month. Credit card statement processing is undertaken by a third
party under contract with Great Lakes Bank. Past due notices are generated
automatically, depending on the stage of delinquency of the card holder, with
charge-offs occurring after 120 days.

It is the Banks policy to cease accruing interest on any loans where
the principal and/or interest remains unpaid for 90 days or more, unless the
loan is for a one- to four-family residential dwelling or is well
collateralized. There were no loans on nonaccrual status at December 31, 1999
and 1998, respectively.

Impaired loans include all nonaccrual and restructured commercial real
estate and other commercial loans. Residential real estate and consumer loans
are excluded from the definition of an impaired loan. Loan impairment is
measured as the present value of expected future cash flows discounted at the
loans initial interest rate, the fair value of the collateral of an impaired
collateral dependent loan or an observable market price. Interest income on
impaired loans is recognized on a cash-basis method. There were no impaired
loans at December 31, 1999 and 1998, respectively.

Not categorized as nonperforming loans are certain potential problem
loans that management believes are adequately secured and for which no material
loss is expected, but as to which certain circumstances could cause the
borrowers to be unable to comply with the existing loan repayment terms at some
future date. These potential problem loans totaled approximately $2,393,512 at
December 31, 1999.

7



---



##### Table of Contents



The following table summarizes nonperforming assets by category.

|                                                 |                          |                            |            |                         |        |      |            |        |        |   |            |        |         | 
|------------------------------------------------ | ------------------------ | -------------------------- | ---------- | ----------------------- | ------ | ---- | ---------- | ------ | ------ | - | ---------- | ------ | ------- | 
|                                                 |                          |                            |            | Year Ended December 31,
|                                                 |                          |                            |            |                        
|                                                 |                          |                            |            | 1999                    |        | 1998 |            | 1997  
|                                                 |                          |                            |            |                         |        |      |            |       
|Residential family real estate:                 
|                                                
|                                                
|                                                
|                                                
|                                                 | Nonaccrual               |                            | $          | 0                       |        |      | $          | 0      |        |   | $          | 70,047 |        
|                                                
|                                                
|                                                
|                                                
|                                                 | Past due 90 days or more |                            |            | 4,267                   |        |      |            | 0      |        |   |            | 0      |        
|                                                
|                                                
|                                                
|                                                
|Commercial real estate and other:               
|                                                
|                                                
|                                                
|                                                
|                                                 | Nonaccrual               |                            |            | 0                       |        |      |            | 0      |        |   |            | 11,965 |        
|                                                
|                                                
|                                                
|                                                
|                                                 | Past due 90 days or more |                            |            | 0                       |        |      |            | 46,486 |        |   |            | 31,916 |        
|                                                
|                                                
|                                                
|                                                
|Construction:                                   
|                                                
|                                                
|                                                
|                                                
|                                                 | Nonaccrual               |                            |            | 0                       |        |      |            | 0      |        |   |            | 0      |        
|                                                
|                                                
|                                                
|                                                
|                                                 | Past due 90 days or more |                            |            | 0                       |        |      |            | 0      |        |   |            | 0      |        
|                                                
|                                                
|                                                
|                                                
|Consumer:                                       
|                                                
|                                                
|                                                
|                                                
|                                                 | Nonaccrual               |                            |            | 0                       |        |      |            | 0      |        |   |            | 0      |        
|                                                
|                                                
|                                                
|                                                
|                                                 | Past due 90 days or more |                            |            | 59,608                  |        |      |            | 994    |        |   |            | 1,406  |        
|                                                 |                          |                            |            |                         |        |      |            |        |        |   |            |       
|                                                 |                          | Total nonperforming loans  |            |                         | 63,875 |      |            |        | 47,480 |   |            |        | 115,334 | 
|                                                
|                                                
|                                                
|                                                
|Other Real Estate owned                          |                          |                            | 0          |                         |        |      | 0          |        |        |   | 0          |       
|                                                 |                          |                            |            |                         |        |      |            |        |        |   |            |       
|                                                 |                          | Total nonperforming assets |            | $                       | 63,875 |      |            | $      | 47,480 |   |            | $      | 115,334 | 
|                                                 |                          |                            |            |                         |        |      |            |        |        |   |            |       
|Loans outstanding, net                           |                          | $                          | 87,412,502 |                         |        | $    | 60,330,461 |        |        | $ | 53,097,451 |       
|                                                
|                                                
|                                                
|                                                
|Allowance for loans losses                       |                          | $                          | 625,371    |                         |        | $    | 482,418    |        |        | $ | 402,534    |       
|                                                
|                                                
|                                                
|                                                
|Allowance for loan losses to total loans, net    |                          |                            | 0.72       | %                       |        |      | 0.80       | %      |        |   | 0.75       | %     
|                                                
|                                                
|                                                
|                                                
|Nonperforming loans to total loans, net          |                          |                            | 0.07       | %                       |        |      | 0.08       | %      |        |   | 0.22       | %     
|                                                
|                                                
|                                                
|                                                
|Nonperforming loans to total assets              |                          |                            | 0.05       | %                       |        |      | 0.05       | %      |        |   | 0.17       | %     
|                                                
|                                                
|                                                
|                                                
|Allowance for loan losses to nonperforming loans |                          |                            | 979.1      | %                       |        |      | 1,016.0    | %      |        |   | 349.0      | %     

Allowance for loan losses

The amount of the allowance for loan losses is based on managements
systematic detailed analysis of risks inherent in the various segments of the
loan portfolio, managements assessment of known or probable losses inherent in
the loan portfolio at December 31, 1999 that have come to managements attention
during their ongoing analysis of credit quality, historical loss experience,
current and anticipated economic conditions and other factors.

Although management believes that it uses the best information
available to make such determinations and that the allowance for loan losses is
adequate at December 31, 1999, future adjustments to the allowance may be
necessary, and net earnings could be affected, if circumstances or economic
conditions differ substantially from the assumptions used in making the initial
determinations. Additionally, as an integral part of the examination process
bank regulatory agencies periodically review Great Lakes Banks allowance for
loan losses.

8



---



##### Table of Contents



The following is a summary of Great Lakes Banks loan loss experience
and selected ratios for the periods presented.

|                                                |                  |                                  |            |                         |        |      |            |       |        |   |            |       |        | 
|----------------------------------------------- | ---------------- | -------------------------------- | ---------- | ----------------------- | ------ | ---- | ---------- | ----- | ------ | - | ---------- | ----- | ------ | 
|                                                |                  |                                  |            | Year Ended December 31,
|                                                |                  |                                  |            |                        
|                                                |                  |                                  |            | 1999                    |        | 1998 |            | 1997 
|                                                |                  |                                  |            |                         |        |      |            |      
|Allowance for loan losses
(beginning of period) |                  | $                                | 482,418    |                         |        | $    | 402,534    |       |        | $ | 314,893    |      
|                                               
|                                               
|                                               
|                                               
|Loans charged off:                             
|                                               
|                                               
|                                               
|                                               
|                                                |                  | Residential real estate          |            |                         | 0      |      |            |       | 0      |   |            |       | 1,636  | 
|                                               
|                                               
|                                               
|                                               
|                                                |                  | Commercial real estate and other |            |                         | 3,185  |      |            |       | 14,406 |   |            |       | 4,339  | 
|                                               
|                                               
|                                               
|                                               
|                                                |                  | Construction                     |            |                         | 0      |      |            |       | 0      |   |            |       | 0      | 
|                                               
|                                               
|                                               
|                                               
|                                                |                  | Consumer                         |            |                         | 23,284 |      |            |       | 28,478 |   |            |       | 6,023  | 
|                                                |                  |                                  |            |                         |        |      |            |       |        |   |            |      
|                                                |                  | Total loans charged off          |            |                         | 26,469 |      |            |       | 42,884 |   |            |       | 11,998 | 
|                                               
|                                               
|                                               
|                                               
|Recoveries of loans previously charged off:    
|                                               
|                                               
|                                               
|                                               
|                                                |                  | Residential real estate          |            |                         | 0      |      |            |       | 0      |   |            |       | 197    | 
|                                               
|                                               
|                                               
|                                               
|                                                |                  | Commercial real estate and other |            |                         | 2,009  |      |            |       | 0      |   |            |       | 0      | 
|                                               
|                                               
|                                               
|                                               
|                                                |                  | Construction                     |            |                         | 0      |      |            |       | 0      |   |            |       | 0      | 
|                                               
|                                               
|                                               
|                                               
|                                                |                  | Consumer                         |            |                         | 16,413 |      |            |       | 2,768  |   |            |       | 2,442  | 
|                                                |                  |                                  |            |                         |        |      |            |       |        |   |            |      
|                                                | Total recoveries |                                  |            | 18,422                  |        |      |            | 2,768 |        |   |            | 2,639 |       
|                                                |                  |                                  |            |                         |        |      |            |       |        |   |            |      
|Net loans charged off                           |                  |                                  | 8,047      |                         |        |      | 40,116     |       |        |   | 9,359      |      
|                                               
|                                               
|                                               
|                                               
|Provision for loan losses                       |                  |                                  | 151,000    |                         |        |      | 120,000    |       |        |   | 97,000     |      
|                                                |                  |                                  |            |                         |        |      |            |       |        |   |            |      
|Allowance for loan losses (end of period)       |                  | $                                | 625,371    |                         |        | $    | 482,418    |       |        | $ | 402,534    |      
|                                                |                  |                                  |            |                         |        |      |            |       |        |   |            |      
|Loans outstanding:                             
|                                               
|                                               
|                                               
|                                               
|Average, net                                    |                  | $                                | 75,499,457 |                         |        | $    | 55,649,657 |       |        | $ | 46,751,096 |      
|                                               
|                                               
|                                               
|                                               
|End of period, net                              |                  | $                                | 87,412,502 |                         |        | $    | 60,330,461 |       |        | $ | 53,097,451 |      
|                                               
|                                               
|                                               
|                                               
|Net charge offs to average loans                |                  |                                  | 0.01       | %                       |        |      | 0.07       | %     |        |   | 0.02       | %    

With Great Lakes Banks emphasis on real estate secured lending,
delinquencies and chargeoffs are below industry norms. At December 31, 1999, the
Bank had 0.07% of net loans non-performing loans delinquent 90 days or more and
during 1999 the total amount of net charge offs represented 0.01% of the Banks
average total loan portfolio. Great Lakes Bank is committed to a conservative,
secured approach to lending that will result in continued low charge off rates.

9



---



##### Table of Contents



The following table sets forth the allocation of Great Lakes Banks
allowance for loan losses by category and the percent of loans in each category
to total loans at the dates indicated. The portion of the allowance for loan
losses allocated to each category does not represent the total available for
future losses that may occur within the loan category because the total loan
loss allowance is a valuation reserve applicable to the entire loan portfolio.
Great Lakes Bank has specific loan reserves with the remaining reserve allocated
based on loan types.

|             |                                  |       |   |                         |         |             |  |            |        |             |   |         |         |             |  |       |        |   |   |            |         |  |  |       |        |  
|------------ | -------------------------------- | ----- | - | ----------------------- | ------- | ----------- |  | ---------- | ------ | ----------- | - | ------- | ------- | ----------- |  | ----- | ------ | - | - | ---------- | ------- |  |  | ----- | ------ | -
|             |                                  |       |   | Year Ended December 31,
|             |                                  |       |   |                        
|             |                                  |       |   | 1999                    |         | 1998        |  | 1997      
|             |                                  |       |   |                         |         |             |  |           
|             |                                  |       |   |                         |         |             |  | Percent of |        |             |   |         |         | Percent of  |  |       |        |   |   | Percent of
|             |                                  |       |   |                         |         |             |  | Loans to   |        |             |   |         |         | Loans to    |  |       |        |   |   | Loans to  
|             |                                  |       |   | Amount                  |         | Total Loans |  | Amount     |        | Total Loans |   | Amount  |         | Total Loans
|             |                                  |       |   |                         |         |             |  |            |        |             |   |         |         |            
|Type of loan
|            
|            
|            
|            
|             | Residential real estate          |       | $ | 85,050                  |         |             |  | 13.60      | %      |             | $ | 111,052 |         |             |  | 42.89 | %      |   | $ | 107,617    |         |  |  | 48.35 | %     
|            
|            
|            
|            
|             | Commercial real estate and other |       |   | 375,223                 |         |             |  | 60.00      | %      |             |   | 285,094 |         |             |  | 35.29 | %      |   |   | 204,804    |         |  |  | 27.51 | %     
|            
|            
|            
|            
|             | Construction                     |       |   | 66,915                  |         |             |  | 10.70      | %      |             |   | 21,949  |         |             |  | 16.28 | %      |   |   | 20,877     |         |  |  | 17.17 | %     
|            
|            
|            
|            
|             | Consumer                         |       |   | 98,183                  |         |             |  | 15.70      | %      |             |   | 64,323  |         |             |  | 5.54  | %      |   |   | 69,236     |         |  |  | 6.97  | %     
|             |                                  |       |   |                         |         |             |  |            |        |             |   |         |         |             |  |       |        |   |   |            |         |  |  |      
|             |                                  | Total |   | $                       | 625,371 |             |  |            | 100.00 | %           |   | $       | 482,418 |             |  |       | 100.00 | % |   | $          | 402,534 |  |  |       | 100.00 | %
|             |                                  |       |   |                         |         |             |  |            |        |             |   |         |         |             |  |       |        |   |   |            |         |  |  |      

Securities

The Company classifies its securities as either held to maturity or
available-for-sale. Securities may be in interest-bearing deposits, U. S.
Government and agency obligations, state and local government obligations and
government-guaranteed, mortgage-backed securities. Great Lakes Bank generally
does not invest in securities that are rated less than investment grade by a
nationally recognized statistical rating organization. A goal of the Companys
investment policy is to limit interest-rate risk. GLB Bancorps operations
independent of Great Lakes Bank consist principally of investments in a small
number of financial institutions or holding companies, which investments are
treated as available-for-sale and represent less than 5% of the outstanding
shares of those institutions or holding companies.

The following table sets forth the carrying value of the Companys
investment portfolio at the dates indicated.

|                    |                               |   |                         |           |      |   |           |           |  |   |           |           | 
|------------------- | ----------------------------- | - | ----------------------- | --------- | ---- | - | --------- | --------- |  | - | --------- | --------- | 
|                    |                               |   | Year Ended December 31,
|                    |                               |   |                        
|                    |                               |   | 1999                    |           | 1998 |   | 1997     
|                    |                               |   |                         |           |      |   |          
|Available-for-Sale:
|                   
|                   
|                   
|                   
|                    | Equity Securities             |   | $                       | 4,512,090 |      |   | $         | 2,791,814 |  |   | $         | 0         | 
|                   
|                   
|                   
|                   
|Held to Maturity:  
|                   
|                   
|                   
|                   
|                    | U.S. Treasury and other U.S  
|                   
|                   
|                   
|                   
|                    | Government agency obligations |   | $                       | 2,000,233 |      |   | $         | 2,007,742 |  |   | $         | 1,614,300 | 
|                   
|                   
|                   
|                   
|                    | Equity Securities             |   |                         | 0         |      |   |           | 0         |  |   |           | 5,000     | 
|                    |                               |   |                         |           |      |   |           |           |  |   |           |          
|Total               |                               | $ | 2,000,233               |           |      | $ | 2,007,742 |           |  | $ | 1,619,300 |          
|                    |                               |   |                         |           |      |   |           |           |  |   |           |          

10



---



##### Table of Contents



The following table sets forth the scheduled maturities of held to
maturity securities at December 31, 1999.

|                                |       |   |           |           |       |  |                  |   | 
|------------------------------- | ----- | - | --------- | --------- | ----- |  | ---------------- | - | 
|                                |       |   |           |           |       |  | Weighted average
|                                |       |   | Amount    |           | Yield
|                                |       |   |           |           |      
|Due in one year or less         |       | $ | 1,500,928 |           |       |  | 5.62             | %
|                               
|                               
|                               
|                               
|Due from one year to five years |       |   | 499,305   |           |       |  | 5.31             | %
|                                |       |   |           |          
|                                | Total |   | $         | 2,000,233 |      
|                                |       |   |           |          

Sources of funds
Deposits

Savings deposits are a major source of funds. Great Lakes Bank offers a
number of alternatives for depositors designed to attract both commercial and
regular consumer checking and savings customers, including regular and money
market savings accounts, NOW accounts, and a variety of fixed-maturity,
fixed-rate certificates with maturities ranging from seven days to 60 months.
The Bank also provides travelers checks, official checks, money orders, ATM
services, and IRA accounts. Great Lakes Bank also offers a large-balance deposit
account product known as the Golden Passbook Account at an attractive rate of
interest for a relatively low minimum balance of $2,500.

The Bank has also had great success in developing a commercial checking
account business. Great Lakes Banks commercial checking account offers a
simple, inexpensive flat rate service fee for most small businesses instead of
the complicated per transaction method used by many financial institutions.

The Banks most substantial deposits were investors Messrs. Jerome T.
and Richard M. Osborne, individually and with affiliated companies and immediate
family members. Their combined total deposits were approximately $8.3 million as
of December 31, 1999, $6.7 million as of December 31, 1998, and $5.1 million as
of December 31, 1997.

11



---



##### Table of Contents



The distribution of deposit accounts by type and rate is set forth in
the following tables as of the indicated dates.

|                                   |  |              |            |       |  |         |      |        |  |       |       |         |  |   |            |         |  |  |      |   |  |  |       |  
|---------------------------------- |  | ------------ | ---------- | ----- |  | ------- | ---- | ------ |  | ----- | ----- | ------- |  | - | ---------- | ------- |  |  | ---- | - |  |  | ----- | -
|                                   |  | December 31,
|                                   |  |             
|                                   |  | 1999         |            | 1998 
|                                   |  |              |            |      
|                                   |  |              |            |       |  | Average |      |        |  |       |       |         |  |   |            | Average
|                                   |  | Amount       |            | Yield |  | Percent |      | Amount |  | Yield |       | Percent
|                                   |  |              |            |       |  |         |      |        |  |       |       |        
|Noninterest bearing demand
Deposit |  | $            | 16,526,276 |       |  |         | 0.00 | %      |  |       | 20.1  | %       |  | $ | 12,886,078 |         |  |  | 0.00 | % |  |  | 18.8  | %
|                                  
|                                  
|                                  
|                                  
|Interest bearing demand
Deposit    |  |              | 9,116,668  |       |  |         | 1.44 | %      |  |       | 11.1  | %       |  |   | 7,154,389  |         |  |  | 2.23 | % |  |  | 10.4  | %
|                                  
|                                  
|                                  
|                                  
|Savings                            |  |              | 41,940,268 |       |  |         | 3.69 | %      |  |       | 51.1  | %       |  |   | 35,144,171 |         |  |  | 3.76 | % |  |  | 51.2  | %
|                                   |  |              |            |       |  |         |      |        |  |       |       |         |  |   |            |         |  |  |      |   |  |  |       |  
|Total Transaction accounts         |  |              | 67,583,212 |       |  |         |      |        |  |       | 82.3  | %       |  |   | 55,184,638 |         |  |  |      |   |  |  | 80.4  | %
|                                  
|                                  
|                                  
|                                  
|Certificates:                     
|                                  
|                                  
|                                  
|                                  
|4.00% and less                     |  |              | 92,061     |       |  |         |      |        |  |       | 0.1   | %       |  |   | 74,665     |         |  |  |      |   |  |  | 0.1   | %
|                                  
|                                  
|                                  
|                                  
|4.01%  5.00%                      |  |              | 6,957,454  |       |  |         |      |        |  |       | 8.5   | %       |  |   | 3,556,146  |         |  |  |      |   |  |  | 5.2   | %
|                                  
|                                  
|                                  
|                                  
|5.01%  6.00%                      |  |              | 4,275,620  |       |  |         |      |        |  |       | 5.2   | %       |  |   | 6,652,027  |         |  |  |      |   |  |  | 9.7   | %
|                                  
|                                  
|                                  
|                                  
|6.01%    7.00%                    |  |              | 2,243,348  |       |  |         |      |        |  |       | 2.7   | %       |  |   | 2,170,829  |         |  |  |      |   |  |  | 3.1   | %
|                                  
|                                  
|                                  
|                                  
|7.01%  8.00%                      |  |              | 992,968    |       |  |         |      |        |  |       | 1.2   | %       |  |   | 1,016,821  |         |  |  |      |   |  |  | 1.5   | %
|                                  
|                                  
|                                  
|                                  
|                                   |  |              |            |       |  |         |      |        |  |       |       |         |  |   |            |         |  |  |      |   |  |  |       |  
|                                  
|                                  
|                                  
|                                  
|Total Certificate accounts         |  |              | 14,561,451 |       |  |         | 5.32 | %      |  |       | 17.7  | %       |  |   | 13,470,488 |         |  |  | 5.62 | % |  |  | 19.6  | %
|                                   |  |              |            |       |  |         |      |        |  |       |       |         |  |   |            |         |  |  |      |   |  |  |       |  
|                                  
|                                  
|                                  
|                                  
|                                  
|Total Deposits                     |  | $            | 82,144,663 |       |  |         | 3.80 | %      |  |       | 100.0 | %       |  | $ | 68,655,126 |         |  |  | 4.06 | % |  |  | 100.0 | %
|                                   |  |              |            |       |  |         |      |        |  |       |       |         |  |   |            |         |  |  |      |   |  |  |       |  

[Additional columns below]

[Continued from above table, first column(s) repeated]

|                                   |  |              |            |       |  |         |      |   |  |  |       |  
|---------------------------------- |  | ------------ | ---------- | ----- |  | ------- | ---- | - |  |  | ----- | -
|                                   |  | December 31,
|                                   |  |             
|                                   |  | 1997        
|                                   |  |             
|                                   |  |              |            |       |  | Average
|                                   |  | Amount       |            | Yield |  | Percent
|                                   |  |              |            |       |  |        
|Noninterest bearing demand
Deposit |  | $            | 8,288,832  |       |  |         | 0.00 | % |  |  | 16.0  | %
|                                  
|                                  
|                                  
|                                  
|Interest bearing demand
Deposit    |  |              | 4,800,162  |       |  |         | 2.07 | % |  |  | 9.2   | %
|                                  
|                                  
|                                  
|                                  
|Savings                            |  |              | 27,926,967 |       |  |         | 3.67 | % |  |  | 53.7  | %
|                                   |  |              |            |       |  |         |      |   |  |  |       |  
|Total Transaction accounts         |  |              | 41,015,961 |       |  |         |      |   |  |  | 78.9  | %
|                                  
|                                  
|                                  
|                                  
|Certificates:                     
|                                  
|                                  
|                                  
|                                  
|4.00% and less                     |  |              | 93,493     |       |  |         |      |   |  |  | 0.2   | %
|                                  
|                                  
|                                  
|                                  
|4.01%  5.00%                      |  |              | 2,222,724  |       |  |         |      |   |  |  | 4.3   | %
|                                  
|                                  
|                                  
|                                  
|5.01%  6.00%                      |  |              | 5,403,988  |       |  |         |      |   |  |  | 10.3  | %
|                                  
|                                  
|                                  
|                                  
|6.01%    7.00%                    |  |              | 2,304,459  |       |  |         |      |   |  |  | 4.4   | %
|                                  
|                                  
|                                  
|                                  
|7.01%  8.00%                      |  |              | 971,291    |       |  |         |      |   |  |  | 1.9   | %
|                                  
|                                  
|                                  
|                                  
|                                   |  |              |            |       |  |         |      |   |  |  |       |  
|                                  
|                                  
|                                  
|                                  
|Total Certificate accounts         |  |              | 10,995,955 |       |  |         | 5.56 | % |  |  | 21.1  | %
|                                   |  |              |            |       |  |         |      |   |  |  |       |  
|                                  
|                                  
|                                  
|                                  
|                                  
|Total Deposits                     |  | $            | 52,011,916 |       |  |         | 3.95 | % |  |  | 100.0 | %
|                                   |  |              |            |       |  |         |      |   |  |  |       |  

The following table sets forth the amount of time deposits that are
$100,000 or more, including certificates of deposit, by time remaining until
maturity.

|                               |       |   |                   |           | 
|------------------------------ | ----- | - | ----------------- | --------- | 
|                               |       |   | December 31, 1999
|                               |       |   |                  
|Three months or less           |       | $ | 1,119,512         |          
|                              
|                              
|                              
|                              
|Four months through 6 months   |       |   | 1,579,046         |          
|                              
|                              
|                              
|                              
|Seven months through 12 months |       |   | 1,704,403         |          
|                              
|                              
|                              
|                              
|Over twelve months             |       |   | 771,906           |          
|                               |       |   |                   |          
|                               | Total |   | $                 | 5,174,867 | 
|                               |       |   |                   |          

Borrowings

Deposits and repayment of loan principal are the primary source of
funds for the Companys lending activities and other general business purposes.
However, during periods when the supply of lendable funds or funds available for
general business purposes cannot meet the demand for loans or such general
business purposes, the Bank can obtain funds through loans (advances) from the
FHLB. The FHLB generally limits advances to 25% of assets with a total borrowing
limit of 40% of assets from all borrowing sources. Advances are collateralized
by any combination of the following assets and collateralization rates: one- to
four-family first mortgage loans, not past due greater than 90 days, pledged on
a blanket basis at 150% of the advance amount, specifically identified mortgage
loans at 125% of the advance amount and various types of investment and
mortgage-backed securities at rates ranging from 101-110% of the advance amount.
FHLB stock owned by the Bank is pledged as additional collateral but is not
available as primary collateral.

12



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##### Table of Contents



|                                                                         |  |                         |            |      |  |      |           |   |  |   |           |  
|------------------------------------------------------------------------ |  | ----------------------- | ---------- | ---- |  | ---- | --------- | - |  | - | --------- | -
|                                                                         |  | Year Ended December 31,
|                                                                         |  |                        
|                                                                         |  | 1999                    |            | 1998 |  | 1997
|                                                                         |  |                         |            |      |  |     
|Maximum amount outstanding:                                             
|                                                                        
|                                                                        
|                                                                        
|                                                                        
|FHLB advances                                                            |  | $                       | 10,500,000 |      |  | $    | 9,000,000 |   |  | $ | 7,500,000 |  
|                                                                        
|                                                                        
|                                                                        
|                                                                        
|Average amount of FHLB advances and
other borrowings outstanding         |  |                         | 9,294,355  |      |  |      | 7,512,097 |   |  |   | 6,410,417 |  
|                                                                        
|                                                                        
|                                                                        
|                                                                        
|Weighted average interest rate of total
Borrowings based on period ended |  |                         | 6.60       | %    |  |      | 6.78      | % |  |   | 6.81      | %

The following table sets forth certain information as to FHLB advances
and other borrowings at the dates indicated.

|                 |  |              |            |               |  |          |      |               |  |        |           |               |  |  |      |   |  |          |           |  |  |  |      |  
|---------------- |  | ------------ | ---------- | ------------- |  | -------- | ---- | ------------- |  | ------ | --------- | ------------- |  |  | ---- | - |  | -------- | --------- |  |  |  | ---- | -
|                 |  | December 31,
|                 |  |             
|                 |  | 1999         |            | 1998          |  |          | 1997
|                 |  |              |            |               |  |          |     
|                 |  |              |            |               |  | Weighted |      |               |  |        |           | Weighted      |  |  |      |   |  | Weighted
|                 |  |              |            |               |  | Average  |      |               |  |        |           | Average       |  |  |      |   |  | Average 
|                 |  | Amount       |            | Interest Rate |  | Amount   |      | Interest Rate |  | Amount |           | Interest Rate
|                 |  |              |            |               |  |          |      |               |  |        |           |              
|FHLB advances    |  | $            | 10,500,000 |               |  |          | 6.60 | %             |  | $      | 9,000,000 |               |  |  | 6.78 | % |  | $        | 7,500,000 |  |  |  | 6.81 | %
|                 |  |              |            |               |  |          |      |               |  |        |           |               |  |  |      |   |  |          |           | 
|Total borrowings |  | $            | 10,500,000 |               |  |          |      |               |  | $      | 9,000,000 |               |  |  |      |   |  | $        | 7,500,000 | 
|                 |  |              |            |               |  |          |      |               |  |        |           |               |  |  |      |   |  |          |           | 

Employees

As of December 31, 1999, the Bank had 59 full-time and 19 part-time employees.
None of the Banks employees are represented by any collective bargaining group.
Management considers its employee relations to be good. The Holding Company
currently has no paid employees.

Regulation and Supervision

The Company is a bank holding company within the meaning of the Bank
Holding Company (BHC) Act. As such, the Company is subject to regulation,
supervision and examination by the Board of Governors of the Federal Reserve
Bank of Cleveland. The Company is required to file annual reports with the FRB
and to provide the FRB such additional information as the FRB may require. The
Act requires the prior approval of the Federal Reserve Board for a bank holding
company to acquire or hold more than a 5% voting interest in any bank and
restricts interstate banking activities.

The Bank is an Ohio-chartered commercial bank. The deposits of the Bank
are insured to a maximum of $100,000 per depositor through the Bank Insurance
Fund (BIF) administered by the FDIC. As a state-chartered, non-member bank,
the Bank is primarily regulated by the FDIC and the Division.

The Company and the Bank are extensively regulated under federal and
state law. These federal and state laws are intended to protect depositors, not
shareholders. Federal and state laws applicable to bank holding companies and
banks regulate, among other things, the range of permissible business
activities, investments, reserves against deposits, capital levels, lending
activities and practices, the nature and amount of collateral for loans,
establishment of branches, mergers, dividends, and a variety of other important
matters.

13



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##### Table of Contents



The Federal Deposit Insurance Corporation Improvement Act of 1991
(FDICIA) expanded significantly the authority of federal agencies to regulate
the activities of federal and state banks and their holding companies. The FRB
and the FDIC have extensive authority to prevent and to remedy unsafe and
unsound practices and violations of applicable laws by depository institutions
and their holding companies. The agencies may assess civil money penalties,
issue cease-and-desist or removal orders, seek injunctions, and publicly
disclose such actions.

Bank Holding Company Regulation

The BHC Act also prohibits a bank holding company, with certain
exceptions, from acquiring more than five percent of the voting shares of any
company that is not a bank and from engaging in any business other than banking
or managing or controlling banks. Under the BHC Act, the Federal Reserve is
authorized to approve the ownership of shares by a bank holding company in any
company, the activities of which the Federal Reserve has determined to be so
closely related to banking or to managing or controlling banks as to be a proper
incident thereto. The Federal Reserve has by regulation determined that certain
activities are closely related to banking within the meaning of the BHC Act.
These activities include: operating a savings association, mortgage company,
finance company, or credit card company; performing certain data processing
operations; providing investment and financial advice; and acting as an
insurance agent for certain types of credit-related insurance.

It is the FRBs policy that bank holding companies serve as a source of
strength for their subsidiary banking institutions. The FRB considers the
adequacy of a bank holding companys capital on essentially the same
risk-adjusted basis as capital adequacy is determined by the FDIC at the bank
subsidiary level. In the case of a bank holding company with less than $150
million in total consolidated assets, the FRBs regulations provide that the
capital adequacy requirements will generally be applied on a bank-only (rather
than consolidated) basis. In general, bank holding companies are required to
maintain a minimum ratio of total capital to risk-weighted assets of 8% and Tier
1 capital (consisting principally of shareholders equity) of at least 4%. Bank
holding companies are also subject to a leverage ratio requirement. The minimum
required leverage ratio for the highest rated companies is 3%. The minimum
required leverage ratio for all other bank holding companies is 4% or higher.

As a bank holding company subject to regulation by the FRB, the Company
must comply with policy statements issued by the FRB. The FRBs policy statement
governing payment of cash dividends provides that a bank holding company should
not pay cash dividends on common stock unless (i) the organizations net income
for the past year is sufficient to fully fund the dividends and (ii) the
prospective rate of earnings retention appears consistent with the
organizations capital needs, asset quality and overall financial condition. For
small bank holding companies (those with less than $150 million in assets), the
FRBs position is that such companies should not pay dividends so long as they
have a debt-to-equity ratio of 1:1 or greater.

The Gramm-Leach-Bliley Act (the Act) was enacted into law on November
12, 1999. It repeals key provisions of the Glass Steagall Act to permit
commercial banks to affiliate with investment banks, substantially modifies the
Bank Holding Company Act of 1956 to permit companies that own commercial banks
to engage in any type of financial activity, and allows subsidiaries of banks to
engage in a broad range of financial acitivites that are not permitted by banks
themselves. The result is that banks of all sizes will be able to offer a wide
range of financial products and services without the prior restraints of
outdated laws. Also, banking companies and other financial service companies,
such as insurance and securities companies will be able to combine more readily.
Other important provisions include restrictions on the privacy of customer
information, increased access to the Federal Home Loan Bank System by community
banks, and changes to the requirements imposed by the Community Reinvestment
Act. Several effective dates have been established for various aspects of this
regualtion with March 11, 2000 being the date that Financial Holding Companies
would be established. At this time, GLB Bancorp is watching the financial
industry for its reaction to this legislation. We intend to proceed cautiously
and allow others to blaze any new trails.

14



---



##### Table of Contents






ITEM 2. DESCRIPTION OF PROPERTIES

The Company conducts its business at its main office headquartered in Mentor,
Ohio and its nine branches located in Lake County (two were opened in February
1999 and one was opened in October 1999). The Company owns four of its offices
and leases six offices, including the three newly opened offices. The total net
book value of the Companys premises and equipment was $3,233,718 at December
31, 1999. See Note 4 of Notes to Consolidated Financial Statements Exhibit 13.

Listed below are the branches of the Bank and their locations:

|                     |  |                                       |  |             
|-------------------- |  | ------------------------------------- |  | ------------
|Branch               |  | Location                              |  | Owned/Leased
|                     |  |                                       |  |             
|Main Office          |  | 7001 Center Street, Mentor            |  | Owned       
|                    
|                    
|                    
|                    
|Heisley              |  | 9365 Mentor Avenue, Mentor            |  | Owned       
|                    
|                    
|                    
|                    
|Painesville Township |  | 1522 Mentor Avenue, Mentor            |  | Leased      
|                    
|                    
|                    
|                    
|Wickliffe            |  | 29933 Euclid Avenue, Wickliffe        |  | Leased      
|                    
|                    
|                    
|                    
|Willoughby           |  | 38600 Lakeshore Boulevard, Willoughby |  | Owned       
|                    
|                    
|                    
|                    
|Willoughby Hills     |  | 28500 Chardon Road, Willoughby Hills  |  | Leased      
|                    
|                    
|                    
|                    
|Mentor Lakeshore     |  | 7742 Lakeshore Boulevard, Mentor      |  | Owned       
|                    
|                    
|                    
|                    
|Eastlake             |  | 34580 Lakeshore Boulevard, Eastlake   |  | Leased      
|                    
|                    
|                    
|                    
|Painesville          |  | 58 South Park Place, Painesville      |  | Leased      
|                    
|                    
|                    
|                    
|Downtown Willoughby  |  | 4012 Erie St, Willoughby              |  | Leased      




ITEM 3. LEGAL PROCEEDINGS

The nature of the Banks business generates a certain amount of litigation
involving matters arising in the ordinary course of business. However, in the
opinion of management, any liabilities that may result would not be expected to
have a material adverse effect on the consolidated financial statements of the
Company. In addition, no proceedings are pending nor are any known to be
threatened or contemplated by anyone against the Bank by government authorities
or others.




ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None

15



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##### Table of Contents



PART II




ITEM 5. MARKET FOR THE REGISTRANTS COMMON STOCK AND RELATED STOCKHOLDER MATTERS

The Companys common stock is currently traded on the Nasdaq Small Cap
Market. The approximate number of shareholders at December 31, 1999 was 186
which does not include the number of persons whose stock is held in nominee or
street name accounts through brokers.

The Company and the Bank have paid no dividends to shareholders in the
past nor does the Company anticipate paying any dividends in the near future.
The Companys current philosophy to grow through branch expansion and
acquisitions has made a limited amount of capital available, particularly with
the guidelines established by federal bank regulatory authorities requiring
capital levels to be above certain levels and regulatory guidelines which could
limit the amounts subsidiaries can pay as dividends and the amount of dividends
which holding companies and their subsidiaries may pay.

The following table shows the high and low sales prices of GLB common
stock since public trading of GLB common stock began.

|      |                                    |  |                        |       |     |  |   |       |  | 
|----- | ---------------------------------- |  | ---------------------- | ----- | --- |  | - | ----- |  | 
|      |                                    |  | GLB Common Stock Price
|      |                                    |  |                       
|      |                                    |  | High                   |       | Low
|      |                                    |  |                        |       |    
|1998:
|     
|     
|     
|     
|      | Second Quarter (from May 19, 1998) |  | $                      | 17.50 |     |  | $ | 13.25 | 
|     
|     
|     
|     
|      | Third Quarter                      |  | $                      | 14.06 |     |  | $ | 11.00 | 
|     
|     
|     
|     
|      | Fourth Quarter                     |  | $                      | 14.75 |     |  | $ | 10.25 | 
|     
|     
|     
|     
|1999:
|     
|     
|     
|     
|      | First Quarter                      |  | $                      | 12.25 |     |  | $ | 10.00 | 
|     
|     
|     
|     
|      | Second Quarter                     |  | $                      | 11.38 |     |  | $ | 9.50  | 
|     
|     
|     
|     
|      | Third Quarter                      |  | $                      | 10.50 |     |  | $ | 8.13  | 
|     
|     
|     
|     
|      | Fourth Quarter                     |  | $                      | 10.00 |     |  | $ | 8.06  | 




ITEM 6. MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The Managements Discussion and Analysis is incorporated by reference to the
Annual Report to Shareholders for the year ended December 31, 1999, included
here with as Exhibit 13.




ITEM 7. FINANCIAL STATEMENTS

The Financial Statements are incorporated by reference to the Annual Report to
Shareholders for the year ended December 31, 1999 as Exhibit 13.




ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURES

None

16



---



##### Table of Contents



PART III




ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS: COMPLIANCE WITH SECTION 16 (a) OF THE EXCHANGE ACT

The information concerning Directors and Executive officers of the Registrant is
incorporated by reference from the Companys Definitive Proxy Statement to be
filed with the Securities and Exchange Commission in March 2000.




ITEM 10. EXECUTIVE COMPENSATION

The information concerning Executive Compensation of the Registrant is
incorporated by reference from the Companys Definitive Proxy Statement to be
filed with the Securities and Exchange Commission in March 2000.




ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The information concerning Security Ownership of Certain Beneficial Owners and
Management of the Registrant is incorporated by reference from the Companys
Definitive Proxy Statement to be filed with the Securities and Exchange
Commission in March 2000.




ITEM 12. CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS

The information concerning Certain Relationships and Related Party Transactions
of the Registrant is incorporated by reference from the Companys Definitive
Proxy Statement to be filed with the Securities and Exchange Commission in March
2000.




ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K

(a) Exhibits

|        |      |             |                                                                                                                                                                                                                                                                                                                                                                
|------- | ---- | ----------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|EXHIBIT
|NUMBER  |      | DESCRIPTION
|        |      |            
|*       | 3.a  |             | Amended and Restated Articles of Incorporation of GLB Bancorp,
Inc. (incorporated by reference to Exhibit 3.a to the Registration
Statement on Form SB-2 filed by GLB Bancorp, Inc. on March 20, 1998,
Commission File No. 333-48387)                                                                                                                          
|       
|       
|       
|       
|*       | 3.b  |             | Code of Regulations, as amended, of GLB Bancorp, Inc. (incorporated
by reference to Exhibit 3.b to the Registration Statement on Form
SB-2 filed by GLB Bancorp, Inc. on March 20, 1998, Commission
File No. 333-48387)                                                                                                                                        
|       
|       
|       
|       
|**      | 4    |             | Instruments defining the rights of holders                                                                                                                                                                                                                                                                                                                     
|       
|       
|       
|       
|**      | 9    |             | Voting trust agreement                                                                                                                                                                                                                                                                                                                                         
|       
|       
|       
|       
|*       | 10.a |             | 1998 Stock Option and Incentive Plan of GLB Bancorp, Inc.
(incorporated by reference to Exhibit 10.a to the Registration
Statement on Form SB-2 filed by GLB Bancorp, Inc. on March
20, 1998, Commission File No. 333-48387)                                                                                                                                   
|       
|       
|       
|       
|*       | 10.b |             | Indenture of Lease dated March 1, 1998 between Richard M. Osborne,
Trustee, and Great Lakes Bank, for the 58 South Park Place branch
(Painesville, Ohio) (incorporated by reference to Exhibit 10.b
to the Registration Statement on Form SB-2 filed by GLB Bancorp,
Inc. on March 20, 1998, Commission File No. 333-48387)                                    
|       
|       
|       
|       
|*       | 10.c |             | Indenture of Lease dated May 1, 1997 between Richard M.
Osborne, Trustee, and Great Lakes Bank, for the 29933 Euclid
Avenue branch (Wickliffe, Ohio) (incorporated by reference to
Exhibit 10.c to the Registration Statement on Form SB-2 filed
by GLB Bancorp, Inc. on March 20, 1998, Commission File No.
333-48387)                                        
|       
|       
|       
|       
|        | 10.d |             | Indenture of Lease dated October 30, 1999 between Shoreway
Circle, Inc. and Great Lakes Bank for the 34580 Lakeshore
Blvd branch (Mentor, Ohio)                                                                                                                                                                                                                
|       
|       
|       
|       
|*       | 10.e |             | Federal Home Loan Bank of Cincinnati Blanket Agreement
for Advances and Security Agreement, dated July 22, 1996
(incorporated by reference to Exhibit 10.e to the Registration
Statement on form SB-2 filed by GLB Bancorp, Inc. on March 20,
1998,Commission File No. 333-48387)                                                                              
|       
|       
|       
|       
|*       | 10.f |             | Lease Agreement by and between Great Lakes Bank and
Collinwood Properties Co., LLC dated September 16, 1998, for
the 28500 Chardon Road branch (Willoughby Hills, Ohio)
(incorporated herein by reference to Exhibit 10.f included in
Part II of GLB Bancorp, Inc.s Form S-4 Registration Statement
(Commission File No. 333-71771) filed on February 4, 1999)
|       
|       
|       
|       
|        | 10.g |             | Indenture of Lease dated December 15, 1998 between First Merit
Bank and Great Lakes Bank for the 4012 Erie Street branch
(Willoughby, Ohio)                                                                                                                                                                                                                    
|       
|       
|       
|       
|***     | 11   |             | Statement re: computation of per share earnings                                                                                                                                                                                                                                                                                                                
|       
|       
|       
|       
|***     | 13   |             | GLB Bancorp, Inc.s Annual Report to Shareholders for the year ended December 31, 1999                                                                                                                                                                                                                                                                         
|       
|       
|       
|       
|**      | 16   |             | Letter on change in certifying accountant                                                                                                                                                                                                                                                                                                                      
|       
|       
|       
|       
|**      | 18   |             | Letter on change in accounting principles                                                                                                                                                                                                                                                                                                                      
|       
|       
|       
|       
|*       | 21   |             | Subsidiaries of GLB Bancorp, Inc. (incorporated herein by reference
to Exhibit 21 included in Part II of GLB Bancorp, Inc.s Form S-4
Registration Statement (commission File No. 333-71771) filed on
February 4, 1999)                                                                                                                                        
|       
|       
|       
|       
|**      | 22   |             | Published report regarding matters submitted to vote                                                                                                                                                                                                                                                                                                           
|       
|       
|       
|       
|**      | 23   |             | Consent of experts and counsel                                                                                                                                                                                                                                                                                                                                 
|       
|       
|       
|       
|**      | 24   |             | Power of Attorney                                                                                                                                                                                                                                                                                                                                              
|       
|       
|       
|       
|***     | 27   |             | Financial Data Schedule                                                                                                                                                                                                                                                                                                                                        
|       
|       
|       
|       
|       
|       
|       
|*       | X    |             | Incorporated by reference                                                                                                                                                                                                                                                                                                                                      
|       
|       
|       
|       
|**      | X    |             | Not applicable                                                                                                                                                                                                                                                                                                                                                 
|       
|       
|       
|       
|***     | X    |             | Filed herewith                                                                                                                                                                                                                                                                                                                                                 



| |  | (b) No reports on Form 8-K were filed this quarter.
| |  | ---------------------------------------------------

17



---



##### Table of Contents



SIGNATURES

Pursuant to the requirements of Sections 13 and 15 (d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

GLB BANCORP, INC.

|        |  |                                                                     |  |       |  |               
|------- |  | ------------------------------------------------------------------- |  | ----- |  | --------------
|By: /s/ |  | Richard T. Flenner, Jr.                                             |  | Date: |  | March 21, 2000
|        |  |                                                                     |  |       |  |               
|        |  | Richard T. Flenner, Jr., President
(Duly Authorized Representative)
|       
|By: /s/ |  | Cheryl J. Mihitsch                                                  |  | Date: |  | March 21, 2000
|        |  |                                                                     |  |       |  |               
|        |  | Cheryl J. Mihitsch, Treasurer
(Duly Authorized Representative)     

Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.

|        |  |                                   |  |       |  |               
|------- |  | --------------------------------- |  | ----- |  | --------------
|By: /s/ |  | Jerome T. Osborne                 |  | Date: |  | March 21, 2000
|        |  |                                   |  |       |  |               
|        |  | Jerome T. Osborne,               
|       
|       
|       
|       
|        |  | Chairman of the Board            
|       
|       
|       
|       
|       
|By: /s/ |  | Richard M. Osborne                |  | Date: |  | March 21, 2000
|        |  |                                   |  |       |  |               
|        |  | Richard M. Osborne,              
|       
|       
|       
|       
|        |  | Vice Chairman of the Board       
|       
|       
|       
|       
|       
|By: /s/ |  | Richard T. Flenner, Jr.           |  | Date: |  | March 21, 2000
|        |  |                                   |  |       |  |               
|        |  | Richard T. Flenner, Jr., Director
|       
|       
|       
|       
|        |  | President                        
|       
|       
|       
|       
|       
|By: /s/ |  | Gerorge X. Mechir                 |  | Date: |  | March 21, 2000
|        |  |                                   |  |       |  |               
|        |  | George X. Mechir, Director       
|       
|       
|       
|       
|       
|By: /s/ |  | George C. Lott                    |  | Date: |  | March 21, 2000
|        |  |                                   |  |       |  |               
|        |  | George C. Lott, Director         
|       
|       
|       
|       
|       
|By: /s/ |  | Thomas J. Smith                   |  | Date: |  | March 21, 2000
|        |  |                                   |  |       |  |               
|        |  | Thomas J. Smith, Director        
|       
|       
|       
|       
|       
|By: /s/ |  | Edward R. Pike                    |  | Date: |  | March 21, 2000
|        |  |                                   |  |       |  |               
|        |  | Edward R. Pike, Director         
|       
|       
|       
|       
|       
|By: /s/ |  | Joseph T. Svete                   |  | Date: |  | March 21, 2000
|        |  |                                   |  |       |  |               
|        |  | Joseph T. Svete, Director        
|       
|       
|       
|       
|       
|By: /s/ |  | Jim Brown                         |  | Date: |  | March 21, 2000
|        |  |                                   |  |       |  |               
|        |  | Jim Brown, Director              
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|By: /s/ |  | Thomas Wheeler                    |  | Date: |  | March 21, 2000
|        |  |                                   |  |       |  |               
|        |  | Thomas Wheeler, Director         
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|By: /s/ |  | James V. Fryan                    |  | Date: |  | March 21, 2000
|        |  |                                   |  |       |  |               
|        |  | James V. Fryan, Director         

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