## 

Exhibit 13

Profile

West Suburban Bancorp, Inc. ("West Suburban") is the parent bank holding company of West Suburban Bank, Lombard, Illinois (the "Bank," and together with
West Suburban, the "Company"). The Company had total consolidated assets at December 31, 1999 of approximately $1.41 billion. The Bank is the largest independent bank headquartered in
DuPage County.

West Suburban Bancorp, Inc. Financial Highlights

|                     |  | Years Ended December 31,
(Dollars in thousands, except per share data)
|-------------------- |  | ----------------------------------------------------------------------
|
|Net income           |  | $                                                                     
|Per share data       |  |                                                                       
|Earnings             |  |                                                                       
|Book value           |  |                                                                       
|Net loans            |  |                                                                       
|Total assets         |  |                                                                       
|Deposits             |  |                                                                       
|Shareholders' equity |  |                                                                       

Table of Contents

|Profile                                                                                            |  | 1 
|-------------------------------------------------------------------------------------------------- |  | --
|Letter to our Shareholders, Customers and Friends                                                  |  | 3 
|Corporate Information                                                                              |  | 4 
|Business Review                                                                                    |  | 4 
|Selected Quarterly Financial Data                                                                  |  | 4 
|Review of Operations                                                                               |  | 5 
|Report of Independent Auditors                                                                     |  | 6 
|Consolidated Financial Statements                                                                  |  | 7 
|Notes to Consolidated Financial Statements                                                         |  | 11
|Selected Financial Data                                                                            |  | 26
|Average Balance Sheets, Net Interest Income and Average Rates and Yields on a Tax Equivalent Basis |  | 27
|Management's Discussion and Analysis of Financial Condition and Results of Operations              |  | 28
|Boards of Directors                                                                                |  | 35
|Officers                                                                                           |  | 35
|Addresses of Branches                                                                              |  | 39
|Map of Branches                                                                                    |  | 41
|Shareholder Information                                                                            |  | 42

This report, including the letter to our shareholders, customers and friends, contains certain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be
covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Reform Act of 1995, as amended, and is including this statement for purposes of indicating such
intent. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies and expectations of the Company, are generally identifiable by use of the words
"believe," "expect," "intend," "anticipate," "estimate," "project" or similar expressions. The Company's ability to predict results or the actual effect of future plans or strategies is inherently
uncertain. Factors which could have a material adverse effect on the operations and future prospects of West Suburban and the Bank include, but are not limited to, changes in interest rates, general
economic conditions, legislative/regulatory changes, monetary
and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality or composition of the Bank's loan or securities portfolios, demand for
loan products, deposit flows,

1



competition, demand for financial services in the Company's market area, our implementation of new technologies, our ability to develop and maintain secure and reliable electronic systems and
accounting principles, policies and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.
Further information concerning the Company and its business, including additional factors that could materially affect the Company's financial results, is included in the Company's filings with the
Securities and Exchange Commission.

2



To Our Shareholders, Customers and Friends

Now that we have closed the book on the 1900's, we at West Suburban would like to thank our shareholders, customers and employees for their support and
contributions. Together we have experienced many ups and downs throughout the years, from getting established in the 1960's, to double-digit inflation of the 1970's, the recovery of the 1980's and the
prosperity of the high-tech 1990's.

The
Year 2000 hype that caught everyone's attention has passed. For two and a half years, West Suburban prepared for the millenium. Our systems, branches, and people were ready
because of the hard work of many employees. We were open on January 1, 2000 and conducted business as usual. We all look forward to the continued successes and challenges the new millenium will
present us.

In
1999, we opened two new full service branches to enhance our branch and ATM network. The Eola Road branch has enhanced our presence in the Aurora and Naperville, Illinois areas.
The relocation of our Villa Park branch across the street to a freestanding branch has made us more accessible to our customers and friends. In January 2000, we opened a new full service branch
in Romeoville, Illinois in a rapidly growing market which we are excited to be a part of. The spring of 2000 will see the opening of a new branch in St. Charles, Illinois. Although our brick and
mortar presence and extended hours allowed us to build our franchise, we recognize that we need to continue to provide our customers the flexibility to bank with us in the manner that they find most
convenient. Today, that means enhancing our brick and mortar network with online banking. Our web site (www.westsuburbanbank.com) will allow our
customers to transfer balances between accounts, pay bills, apply for a loans, check our rates, visit our financial services and insurance products or check our convenient hours and locations. Our
site is being tested as this letter is being written and should be available to our customers before the end of the first quarter of 2000.

The
future presents us with many challenges. New competitors arrive everyday in banking. Competition is coming from non-banks, such as insurance companies, mutual fund and
brokerage houses. Additionally, challenges are coming from internet banks, credit unions and mortgage brokers. West Suburban welcomes these challenges. Our money market checking account has been a
very successful alternative for customers who are looking for a higher yield on their federally-insured deposits. We have generated $122 million in money market deposits since April of 1997.
West Suburban Insurance Services continues to look at delivery avenues and strategic partnerships. We are looking to our call center to provide telephone customer service, which will allow our branch
personnel more time to promote our products and to provide more personalized customer service to our walk-in customers.

In
1999, our net income increased to $20.0 million up by $3.9 million from 1998. Cash dividends declared increased to $37.50 per share from $34.00 per share. Our average
assets grew by $35 million to $1.315 billion from $1.280 billion. Our book value increased slightly to $313.61 at the end of 1999 from $310.74 at the end of 1998. The increase
reflects the decrease of $37.50 per share in dividends paid to our shareholders. Our average loans increased by $61 million to $810 million for 1999. Nonperforming loans decreased by
$14 million to $5 million (.6% of total loans outstanding) at the end of 1999 from $19 million at year end 1998.

As
always, we appreciate the support that has made us the largest independent bank holding company in DuPage County. We welcome your comments, criticisms and suggestions. We could not
have achieved our success without the support of our shareholders, customers, communities, friends and employees. Thank you everyone.

Sincerely,

|Kevin J. Acker
Chairman of the Board |  | Duane G. Debs
President and CFO
|------------------------------------ |  | -------------------------------

3



Corporate Information

West
Suburban is a bank holding company headquartered in DuPage County, Illinois. West Suburban has a single class of common stock issued and outstanding. The common stock is not
traded on any stock exchange or on the over-the-counter market. West Suburban's per share ending book value and dividends declared for the last two years are set forth as
follows:

|Year |  | Quarter |  | Ending
Book Value |        | Dividends
Declared
|---- |  | ------- |  | ----------------- | ------ | ------------------
|1999 |  | 4th     |  | $                 | 313.61 |                   
|     |  | 3rd     |  |                   | 323.29 |                   
|     |  | 2nd     |  |                   | 320.48 |                   
|     |  | 1st     |  |                   | 319.50 |                   
|1998 |  | 4th     |  | $                 | 310.74 |                   
|     |  | 3rd     |  |                   | 317.87 |                   
|     |  | 2nd     |  |                   | 317.43 |                   
|     |  | 1st     |  |                   | 311.72 |                   

The
dividend declared in the 4th quarter of 1999 included a special $10.00 per share dividend payable on January 3, 2000 to shareholders of record as of December 15,
1999. Similarly, the dividend declared in the 4th quarter of 1998 included a special $10.00 per share dividend payable on January 4, 1999 to shareholders of record as of December 15,
1998.

Business Review

As of December 31, 1999, the Company has total assets of approximately $1.41 billion and operated 27 full service branches as well as 8 limited
service branches throughout DuPage, Kane, Kendall and Will Counties. The Bank focuses on providing retail and commercial banking products and services in the markets that it services. The Company had
527 full-time equivalent employees at December 31, 1999.

Selected Quarterly Financial Data

|                          |  | First
Quarter |        | Second
Quarter |   | Third
Quarter |  | Fourth
Quarter
|------------------------- |  | ------------- | ------ | -------------- | - | ------------- |  | --------------
|
|1999                      |  |               |        |                |   |               |  |               
|Interest income           |  | $             | 22,090 |                | $ | 22,173        |  | $             
|Net interest income       |  |               | 12,954 |                |   | 13,068        |  |               
|Provision for loan losses |  |               | 548    |                |   | 491           |  |               
|Noninterest income        |  |               | 5,886  |                |   | 2,145         |  |               
|Noninterest expense       |  |               | 8,091  |                |   | 7,984         |  |               
|Net income                |  |               | 6,919  |                |   | 4,650         |  |               
|Earnings per share        |  |               | 16.00  |                |   | 10.75         |  |               
|1998                      |  |               |        |                |   |               |  |               
|Interest income           |  | $             | 23,128 |                | $ | 23,393        |  | $             
|Net interest income       |  |               | 12,469 |                |   | 12,519        |  |               
|Provision for loan losses |  |               | 250    |                |   | 237           |  |               
|Noninterest income (loss) |  |               | 2,415  |                |   | 2,508         |  |               
|Noninterest expense       |  |               | 7,727  |                |   | 7,405         |  |               
|Net income                |  |               | 4,526  |                |   | 5,112         |  |               
|Earnings per share        |  |               | 10.47  |                |   | 11.81         |  |               

4



Review of Operations

West Suburban was presented with a number of opportunities and challenges during 1999. Along with meeting the challenges relating to Y2K, we remained committed
to profitable controlled growth and focused on providing customer convenience and innovative products and services.

Our
commitment to profitable controlled growth resulted in the expansion of our presence in Aurora, with the opening of our third Aurora branch at 335 North Eola Road in February. In
September, we relocated our Villa Park branch to a freestanding branch located at 40 East St. Charles Road. The new branch allows us to offer a full service lobby and drive-up. We also
opened a new branch in Romeoville during January 2000. We expect our growth to continue and are presently scheduled to open a new branch in St. Charles during the spring of 2000.

One
of our top priorities is to provide products and services to customers in the most convenient manner possible. In 1999, we were able to offer more convenience to customers in a
number of ways. We realize that people are busy and that the decision to apply for a loan does not always occur during banking hours, not even our non-traditional extended banking hours.
Since April 1999, our customers have been able to apply for loans 24 hours a day, 7 days a week by simply dialing (877) 400-7497. The expansion of our Call
Center provides a quick and convenient response for our customers which in turn allows us to enhance the level of service that our lobby customers experience. We also improved the level of convenience
that we offer our commercial customers by teaming-up with Synergy Resources, a leasing company, to make lease financing easier and more flexible. By leasing through West Suburban, our
business customers are able to obtain payment arrangements that fit virtually any budget.

Beginning
in March 2000, West Suburban will again improve the level of convenience available to our customers with the introduction of West Suburban Online Banking. This is a
new service that will give our customers the option of banking with us 24 hours a day, 7 days a week on the internet. West Suburban Online Banking will allow customers to check balances,
confirm transactions, review account statements and activity, transfer funds, pay bills, order checks and request stop payments.

Over
the past year, West Suburban continued to develop new and innovative products to serve the varied needs of our customers. In April, we introduced our Easy Access Line of Credit.
This loan product was developed to benefit small and medium sized businesses, giving those businesses the opportunity to borrow in a manner that is convenient and suitable for their needs.

These
product and service introductions, along with our existing products and services, reflect our dedication to meeting the needs of our customers. In order to continue to improve
our products and services we made a significant investment in a new Marketing Central Information File system during January 1999. Our new system has enabled us to better identify the needs of
our customers and has assisted in the development of products and services that address those needs.

At
West Suburban Bank, we feel our responsibility extends beyond our immediate customer base and into the communities we serve. As in the past, we have expressed this on the
institutional and individual levels.

West
Suburban Bank welcomes the challenges and opportunities that 2000 and beyond will present. We will continue to strive to achieve additional efficiencies in operations and we will
aggressively pursue new customers and new relationships with our existing customers. We anticipate that our innovative
financial thinking and our dedication to serving our customers and shareholders alike will lead to continued success in the years ahead.

5



## 

REPORT OF INDEPENDENT AUDITORS

Board
of Directors and Shareholders
West Suburban Bancorp, Inc.
Lombard, Illinois

We
have audited the consolidated balance sheet of West Suburban Bancorp, Inc. (the "Company") as of December 31, 1999, and the related consolidated statements of income,
changes in shareholders' equity, and cash flows for the year ended December 31, 1999. These financial statements are the responsibility of the Company's management. Our responsibility is to
express an opinion on these financial statements based on our audit. The consolidated balance sheet of West Suburban Bancorp, Inc. as of December 31, 1998 and the related consolidated
statements of income, changes in shareholders' equity, and cash flows for each of the two years in the period ended December 31, 1998 were audited by other auditors whose report, dated
January 29, 1999, expressed an unqualified opinion on those statements.

We
conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit
provides a reasonable basis for our opinion.

In
our opinion, the 1999 consolidated financial statements present fairly, in all material respects, the financial position of West Suburban Bancorp, Inc. at
December 31, 1999 and the results of its operations and cash flows for the year then ended in conformity with generally accepted accounting principles.



Oak
Brook, Illinois
February 4, 2000

6



WEST SUBURBAN BANCORP, INC.
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 1999 AND 1998
(Dollars in thousands)

|                                                                                                |  | 1999 |           | 1998
|----------------------------------------------------------------------------------------------- |  | ---- | --------- | ----
|Assets                                                                                          |  |      |           |     
|Cash and due from banks                                                                         |  | $    | 49,838    |     
|Federal funds sold                                                                              |  |      | 47,395    |     
|Commercial paper                                                                                |  |      | 69,849    |     
|                                                                                                |  |      |           |     
|Total cash and cash equivalents                                                                 |  |      | 167,082   |     
|Securities                                                                                      |  |      |           |     
|Available for sale (amortized cost of $167,068 in 1999; $204,947 in 1998)                       |  |      | 163,453   |     
|Held to maturity (fair value of $170,637 in 1999; $172,590 in 1998)                             |  |      | 174,375   |     
|                                                                                                |  |      |           |     
|Total securities                                                                                |  |      | 337,828   |     
|Loans, less allowance for loan losses of $10,759 in 1999; $9,998 in 1998                        |  |      | 845,706   |     
|Premises and equipment, net                                                                     |  |      | 35,709    |     
|Other real estate                                                                               |  |      | 3,488     |     
|Accrued interest and other assets                                                               |  |      | 18,249    |     
|                                                                                                |  |      |           |     
|Total assets                                                                                    |  | $    | 1,408,062 |     
|                                                                                                |  |      |           |     
|Liabilities and shareholders' equity                                                            |  |      |           |     
|Deposits                                                                                        |  |      |           |     
|Noninterest-bearing                                                                             |  | $    | 124,563   |     
|Interest-bearing                                                                                |  |      | 1,129,692 |     
|                                                                                                |  |      |           |     
|Total deposits                                                                                  |  |      | 1,254,255 |     
|Accrued interest and other liabilities                                                          |  |      | 18,174    |     
|                                                                                                |  |      |           |     
|Total liabilities                                                                               |  |      | 1,272,429 |     
|Shareholders' equity                                                                            |  |      |           |     
|Common stock, no par value; 15,000,000 shares authorized; 432,495 shares issued and outstanding |  |      | 3,457     |     
|Surplus                                                                                         |  |      | 38,066    |     
|Retained earnings                                                                               |  |      | 96,288    |     
|Accumulated other comprehensive (loss) income                                                   |  |      | (2,178    | )   
|                                                                                                |  |      |           |     
|Total shareholders' equity                                                                      |  |      | 135,633   |     
|                                                                                                |  |      |           |     
|Total liabilities and shareholders' equity                                                      |  | $    | 1,408,062 |     
|                                                                                                |  |      |           |     

See
accompanying notes to consolidated financial statements.

7



WEST SUBURBAN BANCORP, INC.
CONSOLIDATED STATEMENTS OF INCOME
YEARS ENDED DECEMBER 31, 1999, 1998 AND 1997
(Dollars in thousands, except per share data)

|                                                              |  | 1999 |        | 1998 |   | 1997  
|------------------------------------------------------------- |  | ---- | ------ | ---- | - | ------
|Interest income                                               |  |      |        |      |   |       
|Loans, including fees                                         |  | $    | 65,646 |      | $ | 64,884
|Securities                                                    |  |      |        |      |   |       
|Taxable                                                       |  |      | 20,636 |      |   | 22,034
|Exempt from federal income tax                                |  |      | 1,548  |      |   | 1,656 
|Federal funds sold                                            |  |      | 1,833  |      |   | 3,089 
|Commercial paper                                              |  |      | 142    |      |   |      
|                                                              |  |      |        |      |   |       
|Total interest income                                         |  |      | 89,805 |      |   | 91,663
|Interest expense                                              |  |      |        |      |   |       
|Deposits                                                      |  |      | 37,112 |      |   | 41,874
|Other                                                         |  |      | 148    |      |   | 180   
|                                                              |  |      |        |      |   |       
|Total interest expense                                        |  |      | 37,260 |      |   | 42,054
|                                                              |  |      |        |      |   |       
|Net interest income                                           |  |      | 52,545 |      |   | 49,609
|Provision for loan losses                                     |  |      | 3,084  |      |   | 2,563 
|                                                              |  |      |        |      |   |       
|Net interest income after provision for loan losses           |  |      | 49,461 |      |   | 47,046
|Noninterest income                                            |  |      |        |      |   |       
|Service fees on deposit accounts                              |  |      | 3,467  |      |   | 3,247 
|Net gain on sales of loans held for sale                      |  |      | 376    |      |   | 807   
|Loan servicing fees                                           |  |      | 271    |      |   | 402   
|Net realized gain on sales of securities available for sale   |  |      | 91     |      |   | 553   
|Net gain on sales of other real estate                        |  |      | 59     |      |   | 546   
|Litigation settlements                                        |  |      | 3,555  |      |   |      
|Write-down of carrying value of securities available for sale |  |      |       |      |   | (3,200
|Other                                                         |  |      | 4,486  |      |   | 5,061 
|                                                              |  |      |        |      |   |       
|Total noninterest income                                      |  |      | 12,305 |      |   | 7,416 
|Noninterest expense                                           |  |      |        |      |   |       
|Salaries and employee benefits                                |  |      | 17,329 |      |   | 15,947
|Occupancy                                                     |  |      | 3,359  |      |   | 3,303 
|Furniture and equipment                                       |  |      | 4,556  |      |   | 4,266 
|Other real estate                                             |  |      | 69     |      |   | 291   
|Other                                                         |  |      | 7,354  |      |   | 7,354 
|                                                              |  |      |        |      |   |       
|Total noninterest expense                                     |  |      | 32,667 |      |   | 31,161
|                                                              |  |      |        |      |   |       
|Income before income tax expense                              |  |      | 29,099 |      |   | 23,301
|Income tax expense                                            |  |      | 9,054  |      |   | 7,123 
|                                                              |  |      |        |      |   |       
|Net income                                                    |  | $    | 20,045 |      | $ | 16,178
|                                                              |  |      |        |      |   |       
|Earnings per share (432,495 shares outstanding)               |  | $    | 46.35  |      | $ | 37.41 
|                                                              |  |      |        |      |   |       

See
accompanying notes to consolidated financial statements.

8



WEST SUBURBAN BANCORP, INC.
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
YEARS ENDED DECEMBER 31, 1999, 1998 AND 1997
(Dollars in thousands)

|                                                 |  | Common Stock |       | Surplus |   | Retained Earnings |  | Accumulated Other Comprehensive Income (Loss) |         | Total Shareholders' Equity |  
|------------------------------------------------ |  | ------------ | ----- | ------- | - | ----------------- |  | --------------------------------------------- | ------- | -------------------------- | -
|Balance, January 1, 1997                         |  | $            | 3,457 |         | $ | 38,066            |  | $                                             | 77,439  |                            | $
|Comprehensive income                             |  |              |       |         |   |                   |  |                                               |         |                            |  
|Net income                                       |  |              |      |         |   |                  |  |                                               | 21,784  |                            |  
|Change in accumulated other comprehensive income |  |              |      |         |   |                  |  |                                               |        |                            |  
|                                                 |  |              |       |         |   |                   |  |                                               |         |                            |  
|Total comprehensive income                       |  |              |       |         |   |                   |  |                                               |         |                            |  
|Cash dividends declared-$18.50 per share         |  |              |      |         |   |                  |  |                                               | (8,001  | )                          |  
|Purchase of minority interest in subsidiaries    |  |              |      |         |   |                  |  |                                               | (208    | )                          |  
|                                                 |  |              |       |         |   |                   |  |                                               |         |                            |  
|Balance, December 31, 1997                       |  |              | 3,457 |         |   | 38,066            |  |                                               | 91,014  |                            |  
|Comprehensive income                             |  |              |       |         |   |                   |  |                                               |         |                            |  
|Net income                                       |  |              |      |         |   |                  |  |                                               | 16,178  |                            |  
|Change in accumulated other comprehensive income |  |              |      |         |   |                  |  |                                               |        |                            |  
|                                                 |  |              |       |         |   |                   |  |                                               |         |                            |  
|Total comprehensive income                       |  |              |       |         |   |                   |  |                                               |         |                            |  
|Cash dividends declared-$34.00 per share         |  |              |      |         |   |                  |  |                                               | (14,705 | )                          |  
|Purchase of minority interest in subsidiaries    |  |              |      |         |   |                  |  |                                               | (26     | )                          |  
|                                                 |  |              |       |         |   |                   |  |                                               |         |                            |  
|Balance, December 31, 1998                       |  |              | 3,457 |         |   | 38,066            |  |                                               | 92,461  |                            |  
|Comprehensive income                             |  |              |       |         |   |                   |  |                                               |         |                            |  
|Net income                                       |  |              |      |         |   |                  |  |                                               | 20,045  |                            |  
|Change in accumulated other comprehensive income |  |              |      |         |   |                  |  |                                               |        |                            |  
|                                                 |  |              |       |         |   |                   |  |                                               |         |                            |  
|Total comprehensive income                       |  |              |       |         |   |                   |  |                                               |         |                            |  
|Cash dividends declared-$37.50 per share         |  |              |      |         |   |                  |  |                                               | (16,218 | )                          |  
|                                                 |  |              |       |         |   |                   |  |                                               |         |                            |  
|Balance, December 31, 1999                       |  | $            | 3,457 |         | $ | 38,066            |  | $                                             | 96,288  |                            | $
|                                                 |  |              |       |         |   |                   |  |                                               |         |                            |  

See
accompanying notes to consolidated financial statements.

9



WEST SUBURBAN BANCORP, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
YEARS ENDED DECEMBER 31, 1999, 1998 AND 1997
(Dollars in thousands)

|                                                                                 |  | 1999 |         | 1998 |   | 1997     |  
|-------------------------------------------------------------------------------- |  | ---- | ------- | ---- | - | -------- | -
|Cash flows from operating activities                                             |  |      |         |      |   |          |  
|Net income                                                                       |  | $    | 20,045  |      | $ | 16,178   |  
|Adjustments to reconcile net income to net cash provided by operating activities |  |      |         |      |   |          |  
|Depreciation                                                                     |  |      | 3,874   |      |   | 3,456    |  
|Provision for loan losses                                                        |  |      | 3,084   |      |   | 2,563    |  
|Deferred income tax (benefit) expense                                            |  |      | (519    | )    |   | (243     | )
|Net premium amortization and discount accretion of securities                    |  |      | 670     |      |   | 720      |  
|Net realized gain on sales of securities available for sale                      |  |      | (91     | )    |   | (553     | )
|Write-down of carrying value of securities available for sale                    |  |      |        |      |   | 3,200    |  
|Net gain on sales of loans held for sale                                         |  |      | (376    | )    |   | (807     | )
|Proceeds from sales of loans held for sale                                       |  |      | 30,003  |      |   | 63,170   |  
|Origination of loans held for sale                                               |  |      | (25,500 | )    |   | (62,363  | )
|Loss (gain) on sales of premises and equipment                                   |  |      | 33      |      |   | 49       |  
|Net gain on sales of other real estate                                           |  |      | (59     | )    |   | (546     | )
|Decrease in accrued interest and other assets                                    |  |      | 1,266   |      |   | 1,909    |  
|Decrease in accrued interest and other liabilities                               |  |      | (650    | )    |   | (2,754   | )
|                                                                                 |  |      |         |      |   |          |  
|Net cash provided by operating activities                                        |  |      | 31,780  |      |   | 23,979   |  
|Cash flows from investing activities                                             |  |      |         |      |   |          |  
|Securities available for sale                                                    |  |      |         |      |   |          |  
|Proceeds from sales                                                              |  |      | 21,614  |      |   | 55,482   |  
|Proceeds from maturities                                                         |  |      | 91,797  |      |   | 168,502  |  
|Purchases                                                                        |  |      | (76,489 | )    |   | (213,613 | )
|Securities held to maturity                                                      |  |      |         |      |   |          |  
|Proceeds from maturities                                                         |  |      | 69,713  |      |   | 281,684  |  
|Purchases                                                                        |  |      | (72,031 | )    |   | (253,862 | )
|Purchase of minority interest in subsidiaries                                    |  |      |        |      |   | (26      | )
|Net (increase) decrease in loans                                                 |  |      | (83,547 | )    |   | (14,813  | )
|Purchases of premises and equipment                                              |  |      | (6,329  | )    |   | (5,774   | )
|Proceeds from sales of premises and equipment                                    |  |      | 106     |      |   | 18       |  
|Proceeds from sales of other real estate                                         |  |      | 1,304   |      |   | 3,680    |  
|                                                                                 |  |      |         |      |   |          |  
|Net cash (used in) provided by investing activities                              |  |      | (53,862 | )    |   | 21,278   |  
|Cash flows from financing activities                                             |  |      |         |      |   |          |  
|Net increase in deposits                                                         |  |      | 98,303  |      |   | 11,003   |  
|Decrease in Federal Home Loan Bank advances                                      |  |      |        |      |   |         |  
|Cash dividends paid                                                              |  |      | (16,002 | )    |   | (9,731   | )
|                                                                                 |  |      |         |      |   |          |  
|Net cash provided by financing activities                                        |  |      | 82,301  |      |   | 1,272    |  
|Net increase (decrease) in cash and cash equivalents                             |  |      | 60,219  |      |   | 46,529   |  
|Beginning cash and cash equivalents                                              |  |      | 106,863 |      |   | 60,334   |  
|                                                                                 |  |      |         |      |   |          |  
|Ending cash and cash equivalents                                                 |  | $    | 167,082 |      | $ | 106,863  |  
|                                                                                 |  |      |         |      |   |          |  
|Supplemental disclosures of cash flow information                                |  |      |         |      |   |          |  
|Cash paid for                                                                    |  |      |         |      |   |          |  
|Interest on deposits and other borrowings                                        |  | $    | 37,085  |      | $ | 44,762   |  
|Income taxes                                                                     |  |      | 10,522  |      |   | 6,563    |  
|Transfers from loans to other real estate                                        |  |      | 2,991   |      |   | 2,427    |  

See
accompanying notes to consolidated financial statements.

10



WEST SUBURBAN BANCORP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands)

Note 1Nature of Business and Summary of Significant Accounting Policies

West Suburban Bancorp, Inc. ("West Suburban") through the branch network of its subsidiary, West Suburban Bank (the "Bank," and together with West
Suburban the "Company") provides financial and other banking services to customers located primarily in the western suburbs of Chicago. Customers in these areas are the primary users of the Company's
loan and deposit services. A major portion of loans are secured by various forms of collateral including real estate, business assets, consumer property and other items, although borrower cash flow is
expected to be the primary source of repayment.

While
the Company's principal decision makers monitor the revenue streams of the various products and services, operations are managed and financial performance is evaluated on a
Company-wide basis. Accordingly, all of the Company's banking operations are considered by management to be aggregated in one reportable operating segment.

Principles of ConsolidationThe consolidated financial statements include the accounts of West Suburban and the Bank. Significant intercompany accounts and transactions have been
eliminated.

Basis of AccountingThe accompanying consolidated financial statements are prepared in accordance with generally accepted accounting principles and conform to general practices
within the banking industry. A summary of significant accounting policies follows.

Use of EstimatesThe preparation of the consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities, including the allowance for loan losses, fair values of financial instruments and disclosure of contingent assets and
liabilities at the date of the consolidated financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates.

SecuritiesDebt and marketable equity securities are classified into two categories, "held to maturity" and "available for sale." Held to maturity securities include
those debt securities where the Company has both the ability and positive intent to hold them to maturity. Securities not meeting these criteria are classified as available for sale. Held to maturity
securities are carried at amortized cost and available for sale securities are carried at fair value with net unrealized gains and losses (net of tax) reported in accumulated other comprehensive
income as a separate component of shareholders' equity. Gains or losses on disposition are based on the net proceeds and the adjusted carrying amount of the specific securities sold. Any decline in
the carrying values of securities which is deemed to be other than temporary is charged against current earnings. The Company does not engage in trading activities, futures, forward commitments,
interest rate swaps or option contracts.

Loans and Allowance for Loan LossesLoans are stated at the amount of unpaid principal, reduced by an allowance for loan losses. Interest on loans is recognized based upon the principal amount
outstanding. Accrual of interest is generally discontinued on a loan 90 days past due or when management believes, after considering economic and business conditions and collection efforts,
that the borrower's financial condition is such that collection of

11



principal
or interest is doubtful. In some circumstances, a loan more than 90 days past due can remain on accrual if it is fully secured and in the process of collection. When a loan is placed
on nonaccrual, interest earned but not collected is charged back to interest income. When payments are received on nonaccrual loans they are first applied to principal, then to expenses incurred for
collection and finally to interest income.

The
allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the
allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated
quarterly based on management's periodic review of loan collectibility in light of historical loan loss experience, the nature and volume of the loan portfolio, adverse situations that may affect the
borrower's ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to
significant revision as more information becomes available or as future events change.

The
Company reviews commercial, real estate construction and non-residential mortgage loans quarterly to determine impairment, if any. Impairment is measured based on the
present value of expected future cash flows discounted at the loan's effective interest rate, the loan's observable market price, or the fair value of the loan's collateral, if repayment of the loan
is collateral dependent. A valuation allowance is maintained for the amount of impairment. Generally, loans 90 days or more past due and all loans on a nonaccrual basis are considered for
impairment. Impairment is considered in total for smaller-balance loans of similar nature, such as residential real estate and consumer loans, and on an individual basis for other loans. Interest
income on impaired loans is recognized in a manner consistent with the Company's interest policy.

Loans Held for SaleLoans are identified as either held for investment or held for sale upon origination. Loans held for sale are recorded at the lower of amortized cost or market
value, determined on an aggregate basis. Unrealized losses, if any, are recognized on a current basis by charges to earnings. At December 31, 1999 and 1998, the cost and market value of loans
held for sale were approximately the same.

Premises and EquipmentPremises and equipment are stated at cost less accumulated depreciation, which is generally computed on the straight-line method over the estimated
useful lives of the assets.

Other Real EstateOther real estate includes properties acquired in partial or total settlement of problem loans. The properties are recorded at the lower of cost or fair value
less estimated selling costs at the date acquired. Losses recognized at the time of acquisition of such properties are charged to the allowance for loan losses. Any subsequent decline in value is
charged to current operations. The revenue received from, and expenses incurred in maintaining, such properties are also included in current operations.

IntangiblesThe Company accounted for the acquisition of a savings association in 1990 using the purchase method of accounting. Related intangibles are being amortized
over 15 years on the straight-line method and are included in accrued interest and other assets. The Company incurred $3 million of goodwill as a result of the acquisition.
The remaining unamortized goodwill was $1 million as of December 31, 1999. Long-lived assets and certain identifiable intangibles used in operations are

12



reviewed
for impairment whenever events or changes in circumstances indicate that the carrying amount of assets might not be recoverable.

Income TaxesIncome tax expense is the sum of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and
liabilities are the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities, computed using enacted tax rates. A valuation
allowance, if needed, reduces deferred tax assets to the amount expected to be realized.

Earnings Per ShareEarnings per share is calculated on the basis of the daily weighted average number of shares outstanding. The Company has no securities that may have a
dilutive effect on its outstanding common stock.

Cash FlowsFor purposes of reporting cash flows, cash and cash equivalents include cash and due from banks, federal funds sold and commercial paper. Generally, federal
funds are sold for one day periods. Maturities of commercial paper generally are less than 60 days.

Comprehensive IncomeComprehensive income includes net income and other comprehensive income. The Company's other comprehensive income consists of the changes in unrealized gains
and losses on available for sale securities, net of reclassification adjustments and tax effects.

ReclassificationsCertain reclassifications have been made in prior years' financial statements to conform with the current year's presentation.

13



Note 2Securities

The amortized cost and fair value of securities available for sale are as follows at December 31:

|                                            |  | 1999
|------------------------------------------- |  | ----
|
|Corporate                                   |  | $   
|U.S. government agencies and corporations   |  |     
|U.S. Treasury                               |  |     
|States and political subdivisions           |  |     
|                                            |  |     
|Total debt securities                       |  |     
|Preferred stock and other equity securities |  |     
|                                            |  |     
|Total                                       |  | $   
|                                            |  |     

|                                            |  | 1998
|------------------------------------------- |  | ----
|
|Corporate                                   |  | $   
|U.S. government agencies and corporations   |  |     
|U.S. Treasury                               |  |     
|States and political subdivisions           |  |     
|                                            |  |     
|Total debt securities                       |  |     
|Preferred stock and other equity securities |  |     
|                                            |  |     
|Total                                       |  | $   
|                                            |  |     

The
amortized cost and fair value of securities held to maturity are as follows at December 31:

|                                          |  | 1999
|----------------------------------------- |  | ----
|
|U.S. government agencies and corporations |  | $   
|States and political subdivisions         |  |     
|                                          |  |     
|Total                                     |  | $   
|                                          |  |     

|                                          |  | 1998
|----------------------------------------- |  | ----
|
|U.S. government agencies and corporations |  | $   
|States and political subdivisions         |  |     
|                                          |  |     
|Total                                     |  | $   
|                                          |  |     

14



The
amortized cost and fair value of debt securities available for sale and held to maturity at December 31, 1999 by contractual maturity are as follows:

|                                   |  | Available for Sale |         | Held to Maturity
|---------------------------------- |  | ------------------ | ------- | ----------------
|
|Due in 1 year or less              |  | $                  | 47,688  |                 
|Due after 1 year through 5 years   |  |                    | 104,389 |                 
|Due after 5 years through 10 years |  |                    |        |                 
|Due after 10 years                 |  |                    | 6,818   |                 
|                                   |  |                    |         |                 
|Total                              |  | $                  | 158,895 |                 
|                                   |  |                    |         |                 

Expected
maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

Sales
of securities available for sale were as follows:

|                      |  | 1999 |        | 1998 |   | 1997   |  
|--------------------- |  | ---- | ------ | ---- | - | ------ | -
|Proceeds from sales   |  | $    | 21,614 |      | $ | 55,482 |  
|Gross realized gains  |  |      | 97     |      |   | 558    |  
|Gross realized losses |  |      | (6     | )    |   | (5     | )

Securities
with a carrying value of approximately $13,389 and $13,155 at December 31, 1999 and 1998, respectively, were pledged to secure public deposits, fiduciary activities
and for other purposes required or permitted by law.

Note 3Loans

Major classifications of loans were as follows at December 31:

|                          |  | 1999 |         | 1998 |  
|------------------------- |  | ---- | ------- | ---- | -
|Commercial                |  | $    | 212,505 |      | $
|Consumer                  |  |      | 10,451  |      |  
|Indirect automobile       |  |      | 81,782  |      |  
|Real estate               |  |      |         |      |  
|Residential               |  |      | 169,035 |      |  
|Commercial                |  |      | 160,522 |      |  
|Home equity               |  |      | 126,496 |      |  
|Construction              |  |      | 79,526  |      |  
|Held for sale             |  |      | 338     |      |  
|VISA-credit card          |  |      | 12,960  |      |  
|Other                     |  |      | 2,850   |      |  
|                          |  |      |         |      |  
|Total                     |  |      | 856,465 |      |  
|Allowance for loan losses |  |      | (10,759 | )    |  
|                          |  |      |         |      |  
|Loans, net                |  | $    | 845,706 |      | $
|                          |  |      |         |      |  

The
Company makes commercial, personal and residential loans primarily to customers throughout the western suburbs of Chicago. The Company's real estate construction loans are
generally made within its market area.

15



Loans
on which the accrual of interest has been discontinued or reduced amounted to $3,544, $14,979 and $3,042 at December 31, 1999, 1998 and 1997, respectively. Interest
income on nonaccrual loans was immaterial in 1999, 1998 and 1997.

Changes
in the allowance for loan losses were as follows for the years ended December 31:

|                           |  | 1999 |        | 1998 |   | 1997   |  
|-------------------------- |  | ---- | ------ | ---- | - | ------ | -
|Balance, beginning of year |  | $    | 9,998  |      | $ | 9,772  |  
|Provision for loan losses  |  |      | 3,084  |      |   | 2,563  |  
|Loans charged-off          |  |      | (2,586 | )    |   | (2,732 | )
|Recoveries                 |  |      | 263    |      |   | 395    |  
|                           |  |      |        |      |   |        |  
|Balance, end of year       |  | $    | 10,759 |      | $ | 9,998  |  
|                           |  |      |        |      |   |        |  

In
1999, the Company revised its methodology of identifying impaired loans to include only nonperforming commercial, real estate construction and non-residential mortgage
loans and other loans with a valuation allowance. Amounts reported for 1998 and 1997 have been restated to reflect this change. Accordingly, the impaired loans as of December 31 on this new
method are summarized as follows:

|                                                                                |  | 1999 |       | 1998 |   | 1997  
|------------------------------------------------------------------------------- |  | ---- | ----- | ---- | - | ------
|Year-end loans with no allocated allowance for loan losses                      |  | $    | 3,269 |      | $ | 14,476
|Year-end loans with allocated allowance for loan losses                         |  |      | 484   |      |   | 4,404 
|                                                                                |  |      |       |      |   |       
|Total                                                                           |  | $    | 3,753 |      | $ | 18,880
|                                                                                |  |      |       |      |   |       
|Amount of the allowance for loan losses allocated to impaired loans at year-end |  | $    | 338   |      | $ | 1,708 
|Average of impaired loans during the year                                       |  |      | 7,244 |      |   | 21,855
|Interest income recognized during impairment                                    |  |      | 49    |      |   | 836   

Nonperforming
loans were as follows at December 31:

|Loans past due over 90 days still on accrual |  | $ | 1,184 |  | $ | 3,621  |  | $ | 4,829
|-------------------------------------------- |  | - | ----- |  | - | ------ |  | - | -----
|Nonaccrual loans                             |  |   | 3,544 |  |   | 14,979 |  |   | 3,042
|                                             |  |   |       |  |   |       
|Total                                        |  | $ | 4,728 |  | $ | 18,600 |  | $ | 7,871
|                                             |  |   |       |  |   |       

Mortgage
loans serviced for others are not included in the accompanying consolidated balance sheets. Servicing loans for others generally consists of collecting mortgage payments,
maintaining escrow accounts, disbursing payments to investors and foreclosure processing. At December 31, 1999 and 1998, the Company was servicing loans for the benefit of others with aggregate
unpaid principal balances of $77,389 and $116,989, respectively. The Company generally sells mortgage loans with servicing released. Mortgage servicing rights are not material.

16



Note 4Premises and Equipment

Major classifications of these assets are summarized as follows at December 31:

|                              |  | 1999 |         | 1998 |  
|----------------------------- |  | ---- | ------- | ---- | -
|Land                          |  | $    | 8,333   |      | $
|Premises                      |  |      | 31,751  |      |  
|Furniture and equipment       |  |      | 31,768  |      |  
|                              |  |      |         |      |  
|Total                         |  |      | 71,852  |      |  
|Less accumulated depreciation |  |      | (36,143 | )    |  
|                              |  |      |         |      |  
|Premises and equipment, net   |  | $    | 35,709  |      | $
|                              |  |      |         |      |  

Note 5Deposits

The major categories of deposits are summarized as follows at December 31:

|                                              |  | 1999 |           | 1998
|--------------------------------------------- |  | ---- | --------- | ----
|Demand and other noninterest-bearing deposits |  | $    | 124,563   |     
|NOW                                           |  |      | 213,754   |     
|Money market checking                         |  |      | 121,666   |     
|Savings                                       |  |      | 297,141   |     
|Time deposits                                 |  |      |           |     
|Less than $100,000                            |  |      | 318,959   |     
|$100,000 and greater                          |  |      | 178,172   |     
|                                              |  |      |           |     
|Total                                         |  | $    | 1,254,255 |     
|                                              |  |      |           |     

At
December 31, 1999, the scheduled maturities of time deposits were as follows:

|2000                |  | $ | 398,257 |  | 
|------------------- |  | - | ------- |  | 
|2001                |  |   | 66,503  |  | 
|2002                |  |   | 15,401  |  | 
|2003                |  |   | 12,439  |  | 
|2004 and thereafter |  |   | 4,531   |  | 
|                    |  |   |         | 
|Total               |  | $ | 497,131 |  | 
|                    |  |   |         | 

Note 6Income Taxes

Income tax expense is as follows for the years ended December 31:

|         |  | 1999 |       | 1998 |   | 1997 
|-------- |  | ---- | ----- | ---- | - | -----
|Current  |  |      |       |      |   |      
|Federal  |  | $    | 8,232 |      | $ | 6,525
|State    |  |      | 1,341 |      |   | 841  
|Deferred |  |      | (519  | )    |   | (243 
|         |  |      |       |      |   |      
|Total    |  | $    | 9,054 |      | $ | 7,123
|         |  |      |       |      |   |      

17



A
reconciliation between taxes computed at the statutory income tax rates and the consolidated effective tax rates follows:

|                                                       |  | 1999 |   | 1998 |   | 1997 |  
|------------------------------------------------------ |  | ---- | - | ---- | - | ---- | -
|Statutory income tax rate                              |  | 35.0 | % | 35.0 | % | 35.0 | %
|(Decrease) increase in taxes resulting from            |  |      |   |      |   |      |  
|Tax-exempt income                                      |  | (2.1 | ) | (3.1 | ) | (2.8 | )
|State income taxes, net of federal tax benefit         |  | 2.8  |   | 2.3  |   | 3.0  |  
|Resolution of the Internal Revenue Service
examination |  |     |   |     |   | (3.4 | )
|Dividends to employee stock ownership plan             |  | (3.0 | ) | (2.2 | ) | (1.3 | )
|Other items, net                                       |  | (1.6 | ) | (1.4 | ) | 0.5  |  
|                                                       |  |      |   |      |   |      |  
|Effective tax rates                                    |  | 31.1 | % | 30.6 | % | 31.0 | %
|                                                       |  |      |   |      |   |      |  

The
temporary differences which created deferred tax assets and liabilities at December 31 are detailed below:

|                                                 |  | 1999 |       | 1998
|------------------------------------------------ |  | ---- | ----- | ----
|Deferred tax assets                              |  |      |       |     
|Allowance for loan losses                        |  | $    | 4,066 |     
|Deferred compensation                            |  |      | 1,348 |     
|Unrealized loss on securities available for sale |  |      | 1,437 |     
|                                                 |  |      |       |     
|Total deferred tax assets                        |  |      | 6,851 |     
|Deferred tax liabilities                         |  |      |       |     
|Depreciation                                     |  |      | 662   |     
|Unrealized gain on securities available for sale |  |      |      |     
|Other                                            |  |      | 176   |     
|                                                 |  |      |       |     
|Total deferred tax liabilities                   |  |      | 838   |     
|                                                 |  |      |       |     
|Net deferred tax assets                          |  | $    | 6,013 |     
|                                                 |  |      |       |     

Net
deferred tax assets are included in accrued interest and other assets. No valuation allowance was considered necessary for deferred tax assets.

18



## 

Note 7Employee Benefit Plans

The Bank maintains a noncontributory employee stock ownership plan (the "Plan") covering employees who have satisfied specific requirements set forth in the
Plan. The Plan provides incentives to participants by granting them an interest in the Company's common stock in which the Plan invests. An individual account is established for each participant and
the benefits payable upon retirement, termination, disability or death are based upon service, the amount of the employer's contributions and any income, expenses, gains or losses allocated to the
participant's account. Contributions are determined by the board of directors of the Bank and were $1,479 in 1999, $1,387 in 1998 and $1,347 in 1997. The Bank also maintains deferred compensation
plans in which former and current executive officers participate. The deferred compensation expense for the years ended December 31, 1999, 1998 and 1997 amounted to $140, $140 and $204,
respectively.

Note 8Financial Instruments with Off-Balance-Sheet Risk

The Company is a party to off-balance-sheet financial instruments to meet the financing needs of its customers. These financial instruments include
commitments to extend credit and standby letters of credit. These financial instruments involve, to varying degrees, elements of credit and interest rate risks. The contractual amounts of those
instruments reflect the extent of involvement the Company has in particular classes of financial instruments.

The
Company's exposure to credit risk in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is
the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. The
Company generally requires collateral or other security to support financial instruments with credit risk. A summary of the contractual exposure to off-balance-sheet risk as of
December 31 is as follows:

|                                                                       |  | 1999 |         | 1998
|---------------------------------------------------------------------- |  | ---- | ------- | ----
|Financial instruments whose contractual amounts represent credit risks |  |      |         |     
|Commitments to extend credit                                           |  | $    | 368,768 |     
|Letters of credit                                                      |  |      | 14,766  |     
|                                                                       |  |      |         |     
|Total                                                                  |  | $    | 383,534 |     
|                                                                       |  |      |         |     

Commitments
to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed
expiration dates or other termination provisions and may require payment of a fee. Since many of the commitments are expected to expire without being exercised, the total commitment amounts do not
necessarily represent future cash requirements. The Company evaluates each customer's creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed
necessary by the Company, is based on management's credit evaluation of the counterparty. Collateral held varies and may include accounts receivable, inventory, property and equipment or commercial or
residential properties.

Letters
of credit are conditional commitments issued by the Company to either extend credit to a customer or guarantee the performance of a customer to a third party. Guarantees of
performance are primarily issued to support public and private borrowing arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan
facilities to customers. The

19



Company
holds collateral supporting those commitments for which collateral is deemed necessary. The extent and nature of collateral held for those commitments varies.

Note 9Commitments and Contingent Liabilities

The Company is a party to various legal actions arising from normal business activities. Management believes that pending actions are either without merit or
that the ultimate liability, if any, resulting from them will not materially affect the Company's consolidated financial position or results of operations.

In
accordance with the regulations of the Board of Governors of the Federal Reserve System, the Bank must maintain noninterest-earning reserves as vault cash or deposits with the
Federal Reserve Bank of Chicago. At December 31, 1999, the required reserves were approximately $12,014.

Note 10Fair Value of Financial Instruments

Estimated fair values of financial instruments have been calculated based on certain assumptions and selected data. For short-term maturing assets
(i.e., cash and due from banks, federal funds sold and commercial paper) their estimated fair values approximate their carrying values. Similarly, for loans and deposits with variable interest rates,
it has been assumed that their estimated fair values also approximate their carrying values. Because of their short-terms the carrying value amount of accrued interest receivable and payable
approximate their fair value.

The
fair values for securities were derived from quoted market values, or, when quotes were not available, the fair value was estimated based on quoted prices of comparable
securities. The fair values for fixed rate loans were estimated by discounting the future cash flows from loan repayments using current interest rates for loans having comparable maturities. The fair
values for time deposits were estimated by discounting cash flows at discount rates comparable to current market rates for similar maturing liabilities.

Off-balance-sheet
financial instruments which totaled $383,534 and $346,840 at December 31, 1999 and 1998, respectively, are primarily comprised of unfunded loan
commitments which are generally priced at market at the time of funding. Estimated fair value of off-balance-sheet financial instruments is not considered material.

While
these estimates of fair value are based on management's judgement of the most appropriate factors as of the balance sheet date, there is no assurance that the estimated fair
values would have been realized if the assets would have been disposed of or the liabilities settled at that date, since market values may differ depending on various circumstances. The estimated fair
values would also not apply to subsequent dates.

20



The
estimated fair values of the Company's financial instruments as of December 31 are set forth in the table below:

|                                      |  | 1999 |           | 1998
|------------------------------------- |  | ---- | --------- | ----
|
|Financial assets                      |  |      |           |     
|Cash and cash equivalents             |  | $    | 167,082   |     
|Securities                            |  |      |           |     
|Available for sale                    |  |      | 163,453   |     
|Held to maturity                      |  |      | 174,375   |     
|Loans, less allowance for loan losses |  |      | 845,706   |     
|Accrued interest                      |  |      | 9,059     |     
|Financial liabilities                 |  |      |           |     
|Deposits                              |  |      | 1,254,255 |     
|Accrued interest                      |  |      | 4,547     |     

Note 11Related Party Transactions

Certain directors and officers of the Company, and some of the corporations and firms with which these individuals are associated, are customers of the Bank in
the ordinary course of business. Loans to them do not involve more than the normal risk of collectibility and were made on substantially the same terms, including interest rates and collateral
provided, as those prevailing for comparable loans in transactions with others.

Certain
officers and directors of the Company, their affiliates and companies in which they have 10% or more beneficial ownership, have loans totaling $25,908 and $17,944 at
December 31, 1999 and 1998, respectively. During 1999, $35,545 in new loans and $27,581 in loan payments were made. Similarly, related parties had deposits totaling $13,416 at
December 31, 1999.

Note 12Capital Requirements

West Suburban and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital
requirements may result in the initiation of actions by regulators that could have direct material effects on the financial statements. Under capital adequacy guidelines and the regulatory framework
for prompt corrective action, each entity must meet specific capital guidelines that involve quantitative measures of each entity's assets, liabilities, and certain off-balance-sheet items
as calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgements by the regulators about components, risk weightings and other
factors.

Regulations
require West Suburban and the Bank to maintain minimum capital amounts and ratios (set forth in the table below). Management believes that as of December 31, 1999,
that West Suburban and the Bank met the capital adequacy requirements.

21



Management's
present policy is to limit dividends from the Bank, so that the Bank qualifies as a "well-capitalized" institution as defined by the Federal Deposit Insurance
Corporation Improvement Act of 1991, thereby minimizing the amount of Federal Deposit Insurance Corporation ("FDIC") insurance premiums paid by the Bank and providing capital to fund growth. As of
December 31, 1999, the Bank could pay, in the aggregate, dividends of approximately $15 million to West Suburban while remaining a "well-capitalized" institution. Dividends
from the Bank are West Suburban's primary source of cash flow.

As
of December 31, 1999 and 1998, the most recent notifications from the FDIC categorized the Bank as "well capitalized" under the regulatory framework for prompt corrective
action. To be categorized as "well-capitalized" the Bank must maintain minimum ratios for total capital to risk weighted assets, Tier 1 capital to risk weighted assets and Tier 1 capital
to average assets as set forth in the table. There are no conditions or events since that notification that management believes would result in a change of the category.

The
capital amounts and ratios of West Suburban and the Bank are presented in the tables below:

|                                         |  |   |         |  |      | For Capital Adequacy Purposes |   | To Be Well Capitalized | 
|---------------------------------------- |  | - | ------- |  | ---- | ----------------------------- | - | ---------------------- | 
|
|
|
|Total capital (to risk weighted assets)  |  |   |         |  |      |                               |   |                        | 
|West Suburban Bancorp, Inc.              |  | $ | 146,340 |  | 12.3 | %                             | $ | 95,548                 | 
|West Suburban Bank                       |  |   | 132,280 |  | 11.2 |                               |   | 94,429                 | 
|Tier 1 capital (to risk weighted assets) |  |   |         |  |      |                               |   |                        | 
|West Suburban Bancorp, Inc.              |  |   | 135,581 |  | 11.4 |                               |   | 47,774                 | 
|West Suburban Bank                       |  |   | 121,521 |  | 10.3 |                               |   | 47,215                 | 
|Tier 1 capital (to average assets)       |  |   |         |  |      |                               |   |                        | 
|West Suburban Bancorp, Inc.              |  |   | 135,581 |  | 10.1 |                               |   | 53,825                 | 
|West Suburban Bank                       |  |   | 121,521 |  | 9.0  |                               |   | 53,744                 | 

|                                         |  |   |         |  |      | For Capital Adequacy Purposes |   | To Be Well Capitalized | 
|---------------------------------------- |  | - | ------- |  | ---- | ----------------------------- | - | ---------------------- | 
|
|
|
|Total capital (to risk weighted assets)  |  |   |         |  |      |                               |   |                        | 
|West Suburban Bancorp, Inc.              |  | $ | 142,703 |  | 13.5 | %                             | $ | 84,721                 | 
|West Suburban Bank                       |  |   | 127,241 |  | 12.2 |                               |   | 83,490                 | 
|Tier 1 capital (to risk weighted assets) |  |   |         |  |      |                               |   |                        | 
|West Suburban Bancorp, Inc.              |  |   | 132,660 |  | 12.5 |                               |   | 43,361                 | 
|West Suburban Bank                       |  |   | 117,198 |  | 11.3 |                               |   | 41,745                 | 
|Tier 1 capital (to average assets)       |  |   |         |  |      |                               |   |                        | 
|West Suburban Bancorp, Inc.              |  |   | 132,660 |  | 10.4 |                               |   | 51,275                 | 
|West Suburban Bank                       |  |   | 117,198 |  | 9.2  |                               |   | 51,179                 | 

22



Note 13Common Stock

On May 13, 1998, the shareholders approved an amendment to West Suburban's Articles of Incorporation, the effect of which was to redesignate each share
of Class A Common Stock and each share of Class B Common Stock outstanding as Common Stock. Additionally, the number of votes per share of Common Stock was reduced from five votes per
share to one vote per share on all matters submitted to the shareholders of West Suburban. The amendment to West Suburban's Articles of Incorporation also increased the number of shares of Common
Stock that West Suburban is authorized to issue from two million to fifteen million shares.

Note 14Other Comprehensive Income

Other comprehensive income components and related taxes were as follows:

|                                                                       |  | 1999 |        | 1998 |   | 1997  |  
|---------------------------------------------------------------------- |  | ---- | ------ | ---- | - | ----- | -
|Unrealized holding (losses) gains on available for sale securities     |  | $    | (4,201 | )    | $ | 1,535 |  
|Less reclassification adjustments for gains later recognized in income |  |      | (91    | )    |   | (553  | )
|Tax effect                                                             |  |      | 1,705  |      |   | (389  | )
|                                                                       |  |      |        |      |   |       |  
|Other comprehensive (loss) income                                      |  | $    | (2,587 | )    | $ | 593   |  
|                                                                       |  |      |        |      |   |       |  

Note 15New Accounting Pronouncements

In
June 1998, the Financial Accounting Standards Board ("FASB") issued SFAS 133, "Accounting for Derivative Instruments and Hedging Activities," which provides a
comprehensive and consistent standard for the recognition and measurement of derivatives and hedging activities. This standard requires all derivatives to be recorded on the balance sheet at fair
value and establishes accounting guidelines for hedges of changes in the fair value of assets, liabilities, or firm commitments (referred to as fair value hedges); hedges of the variable cash flows of
forecasted transactions (cash flow hedges); and hedges of foreign currency exposures of net investment in foreign operations. SFAS 133 is effective for the year 2001. The Company has not yet
determined if the adoption of SFAS 133 will have an effect on the Company's financial condition or results of operations.

23



Note 16Condensed Financial InformationParent Only

Condensed Balance Sheets December 31, 1999 and 1998

|                                           |  | 1999 |         | 1998
|------------------------------------------ |  | ---- | ------- | ----
|Assets                                     |  |      |         |     
|Cash on deposit in subsidiary              |  | $    | 21,471  |     
|Equity investment in subsidiary            |  |      | 120,453 |     
|Intangibles, net                           |  |      | 1,120   |     
|Other assets                               |  |      | 16      |     
|                                           |  |      |         |     
|Total assets                               |  | $    | 143,060 |     
|                                           |  |      |         |     
|Liabilities and shareholders' equity       |  |      |         |     
|Dividends payable                          |  | $    | 7,352   |     
|Other liabilities                          |  |      | 75      |     
|                                           |  |      |         |     
|Total liabilities                          |  |      | 7,427   |     
|Shareholders' equity                       |  |      | 135,633 |     
|                                           |  |      |         |     
|Total liabilities and shareholders' equity |  | $    | 143,060 |     
|                                           |  |      |         |     

Condensed Statements of Income Years Ended December 31, 1999, 1998 and 1997

|                                                               |  | 1999 |        | 1998 |   | 1997  
|-------------------------------------------------------------- |  | ---- | ------ | ---- | - | ------
|Income                                                         |  |      |        |      |   |       
|Dividends from subsidiary                                      |  | $    | 14,727 |      | $ | 9,488 
|Interest income on securities                                  |  |      | 212    |      |   | 135   
|Interest income on deposits in subsidiary                      |  |      | 361    |      |   | 730   
|                                                               |  |      |        |      |   |       
|Total income                                                   |  |      | 15,300 |      |   | 10,353
|Expense                                                        |  |      |        |      |   |       
|Amortization of intangibles                                    |  |      | 204    |      |   | 204   
|Other                                                          |  |      | 427    |      |   | 593   
|                                                               |  |      |        |      |   |       
|Total expense                                                  |  |      | 631    |      |   | 797   
|                                                               |  |      |        |      |   |       
|Income before income tax expense                               |  |      | 14,669 |      |   | 9,556 
|Income tax expense                                             |  |      | 57     |      |   | 107   
|                                                               |  |      |        |      |   |       
|Income before equity in undistributed net income of subsidiary |  |      | 14,612 |      |   | 9,449 
|Equity in undistributed net income of subsidiary               |  |      | 5,433  |      |   | 6,729 
|                                                               |  |      |        |      |   |       
|Net income                                                     |  | $    | 20,045 |      | $ | 16,178
|                                                               |  |      |        |      |   |       

24



Condensed Statements of Cash Flows Years Ended December 31, 1999, 1998 and 1997

|                                                                                 |  | 1999 |         | 1998 |   | 1997    |  
|-------------------------------------------------------------------------------- |  | ---- | ------- | ---- | - | ------- | -
|Cash flows from operating activities                                             |  |      |         |      |   |         |  
|Net income                                                                       |  | $    | 20,045  |      | $ | 16,178  |  
|Adjustments to reconcile net income to net cash provided by operating activities |  |      |         |      |   |         |  
|Equity in undistributed net income of subsidiary                                 |  |      | (5,433  | )    |   | (6,729  | )
|Net premium amortization and discount accretion of securities                    |  |      |        |      |   | (135    | )
|Amortization of intangibles                                                      |  |      | 204     |      |   | 204     |  
|Decrease (increase) in other assets                                              |  |      | 107     |      |   | (16     | )
|Increase (decrease) in other liabilities                                         |  |      | 74      |      |   | (22     | )
|                                                                                 |  |      |         |      |   |         |  
|Net cash provided by operating activities                                        |  |      | 14,997  |      |   | 9,480   |  
|Cash flows from investing activities                                             |  |      |         |      |   |         |  
|Securities available for sale                                                    |  |      |         |      |   |         |  
|Proceeds from maturities                                                         |  |      | 5,000   |      |   | 45,000  |  
|Purchases                                                                        |  |      | (5,000  | )    |   | (44,865 | )
|Purchase of minority interest in subsidiaries                                    |  |      |        |      |   | (26     | )
|                                                                                 |  |      |         |      |   |         |  
|Net cash provided by (used in) investing activities                              |  |      |        |      |   | 109     |  
|Cash flows from financing activities                                             |  |      |         |      |   |         |  
|Cash dividends paid                                                              |  |      | (16,002 | )    |   | (9,731  | )
|                                                                                 |  |      |         |      |   |         |  
|Net (decrease) increase in cash                                                  |  |      | (1,005  | )    |   | (142    | )
|Beginning cash                                                                   |  |      | 22,476  |      |   | 22,618  |  
|                                                                                 |  |      |         |      |   |         |  
|Ending cash                                                                      |  | $    | 21,471  |      | $ | 22,476  |  
|                                                                                 |  |      |         |      |   |         |  

25



## 

SELECTED FINANCIAL DATA

The following table consists of financial data derived from the Consolidated Financial Statements of the Company. This information should be read together with
Management's Discussion and Analysis of Financial Condition and Results of Operations and the Company's Consolidated Financial Statements included elsewhere in this report (dollars in thousands,
except per share data).

|                                                    |  | Years Ended December 31, |          
|--------------------------------------------------- |  | ------------------------ | ---------
|
|Selected operating data                             |  |                          |          
|Interest income                                     |  | $                        | 89,805   
|Interest expense                                    |  |                          | 37,260   
|                                                    |  |                          |          
|Net interest income                                 |  |                          | 52,545   
|Provision for loan losses                           |  |                          | 3,084    
|                                                    |  |                          |          
|Net interest income after provision for loan losses |  |                          | 49,461   
|Noninterest income (1)                              |  |                          | 12,305   
|Noninterest expense                                 |  |                          | 32,667   
|                                                    |  |                          |          
|Income before income tax expense                    |  |                          | 29,099   
|Income tax expense                                  |  |                          | 9,054    
|                                                    |  |                          |          
|Net income                                          |  | $                        | 20,045   
|                                                    |  |                          |          
|Per share data                                      |  |                          |          
|Earnings                                            |  | $                        | 46.35    
|Cash dividends declared                             |  |                          | 37.50    
|Book value                                          |  |                          | 313.61   
|Selected balances, end of year                      |  |                          |          
|Securities                                          |  | $                        | 337,828  
|Net loans                                           |  |                          | 845,706  
|Total assets                                        |  |                          | 1,408,062
|Deposits                                            |  |                          | 1,254,255
|Shareholders' equity                                |  |                          | 135,633  
|Ratios                                              |  |                          |          
|Return on average total assets                      |  |                          | 1.52     
|Return on average shareholders' equity              |  |                          | 14.36    
|Cash dividends declared to net income               |  |                          | 80.91    
|Average equity to average total assets              |  |                          | 10.61    
|Net interest margin(2)                              |  |                          | 4.37     

---

|(1) |  | Noninterest income includes the following gains on sales of loans for the years ended December 31, 1999, 1998, 1997, 1996 and 1995 respectively: $376, $807, $280, $151 and $110. Noninterest income includes litigation
settlements of $3,555 and $2,344 in 1999 and 1997, respectively, for settlements of claims related to investments that the Company made in prior years. Noninterest income also includes a $3,200 write-down of carrying value of securities available for
sale in 1998.
|--- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(2) |  | Net interest margin is presented on a tax equivalent basis, assuming a federal income tax rate of 35%.                                                                                                                                                                                                                                                                                                                                                                                           

26



AVERAGE BALANCE SHEETS, NET INTEREST INCOME AND
AVERAGE RATES AND YIELDS ON A TAX EQUIVALENT BASIS
(Dollars in thousands)

The
following table presents for the periods indicated the total dollar amount of interest income from average interest-earning assets and the yields, as well as the interest expense
on average interest-bearing liabilities and the costs, expressed both in dollars and rates. All average balances are daily average balances. To the extent received, interest on nonaccruing loans has
been included in the table. Interest income on nonaccrual was immaterial in 1999, 1998 and 1997.

|                                           |  | Years Ended December 31, |          
|------------------------------------------ |  | ------------------------ | ---------
|
|
|Assets                                     |  |                          |          
|Federal funds sold                         |  | $                        | 37,046   
|Commercial paper                           |  |                          | 2,203    
|Securities                                 |  |                          |          
|Taxable                                    |  |                          | 344,064  
|Exempt from federal income tax (1)         |  |                          | 31,168   
|                                           |  |                          |          
|Total securities (1)                       |  |                          | 375,232  
|Loans (1)                                  |  |                          | 809,594  
|                                           |  |                          |          
|Total interest-earning assets (1)          |  |                          | 1,224,075
|Cash and due from banks                    |  |                          | 38,542   
|Premises and equipment, net                |  |                          | 34,458   
|Other real estate                          |  |                          | 1,607    
|Allowance for loan losses                  |  |                          | (10,595  
|Accrued interest and other assets (2)      |  |                          | 26,929   
|                                           |  |                          |          
|Total assets                               |  | $                        | 1,315,016
|                                           |  |                          |          
|Liabilities and shareholders' equity       |  |                          |          
|Interest-bearing deposits                  |  |                          |          
|NOW                                        |  | $                        | 206,896  
|Money market checking                      |  |                          | 112,239  
|Savings                                    |  |                          | 316,304  
|Time deposits                              |  |                          |          
|Less than $100,000                         |  |                          | 315,564  
|$100,000 and greater                       |  |                          | 90,798   
|                                           |  |                          |          
|Total interest-bearing deposits            |  |                          | 1,041,801
|Other interest-bearing liabilities         |  |                          | 3,484    
|                                           |  |                          |          
|Total interest-bearing liabilities         |  |                          | 1,045,285
|Demand deposits                            |  |                          | 118,387  
|Accrued interest and other liabilities     |  |                          | 11,802   
|Shareholders' equity                       |  |                          | 139,542  
|                                           |  |                          |          
|Total liabilities and shareholders' equity |  | $                        | 1,315,016
|                                           |  |                          |          
|Net interest income                        |  |                          |          
|                                           |  |                          |          
|Interest rate spread                       |  |                          |          
|                                           |  |                          |          
|Net interest margin                        |  |                          |          
|                                           |  |                          |          

---

27





## 

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion and analysis provides information regarding the Company's financial condition as of December 31, 1999 and 1998 and results of
operations for the years ended December 31, 1999, 1998 and 1997. This discussion and analysis should be read with the financial statements, notes and tables included elsewhere in this annual
report. The financial information provided below is rounded in order to simplify the presentation of management's discussion and analysis. However, the ratios and percentages provided below are
calculated (adjusted for rounding) using the detailed financial information contained in the financial statements, notes and tables included elsewhere in this annual report.

Balance Sheet Analysis

Total Consolidated Assets.Total consolidated assets of the Company increased
$99 million (7.6%) to $1,408 million at December 31, 1999 from $1,309 million at December 31, 1998. Increases in the loan portfolio and short-term
commercial paper were the largest components of the increase in total assets and were partially offset by decreases in securities. Total average consolidated assets increased primarily due to growth
in average total loans of $61 million partially offset by reductions in federal funds sold.

Cash and Cash Equivalents.Cash and cash equivalents increased $60 million (56.4%) to
$167 million at December 31, 1999 from $107 million at December 31, 1998. This was primarily due to the Company investing in short-term commercial paper in the
amount of $70 million as of December 31, 1999.

Securities.Securities decreased $39 million (10.5%) to $338 million at
December 31, 1999 from $377 million at December 31, 1998. The decrease in securities was used to fund growth in the loan portfolio.

Loans.Total loans outstanding increased $74 million (9.5%) to $856 million at
December 31, 1999 from $782 million at December 31, 1998. This was primarily due to increases of $50 million in the indirect automobile loan portfolio. The Company
developed the indirect automobile loan department during 1998 in order to enhance loan volume. The Company has experienced favorable results with low levels of past due indirect automobile loans. The
Company will continue to monitor the growth of this segment of the loan portfolio. Home equity loans increased $15 million to $126 million at December 31, 1999 from
$111 million at December 31, 1998. This was primarily due to a portion of consumer loan balances, in the amount of $10 million, being reclassified as home equity loans during
1999. Residential real estate loans decreased $5 million to $169 million at December 31, 1999 from $174 million at December 31, 1998, while commercial real estate
loans increased $33 million to $161 million at December 31, 1999 from $128 million at December 31, 1998.

Allowance for Loan Losses and Asset Quality.The Company's provision for loan losses is based
on management's quarterly evaluations of the adequacy of the allowance for loan losses. In these evaluations, management considers numerous factors including, but not limited to, historical loan loss
experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower's ability to repay, estimated value of any underlying collateral and prevailing economic
conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available or as future events change.

The
provision for loan losses increased $.5 million (20.3%) to $3.1 million in 1999 compared to $2.6 million in 1998. The Company's 1999 provision for loan losses
was reflective of management's evaluation of the loan portfolio within the context of the factors outlined above. The increase was
primarily the result of the $74 million increase in the loan portfolio, which included a $50 million increase in the indirect automobile loan portfolio. The growth of indirect automobile
lending, as well as a $33 million increase in commercial real estate loans and a $10 million increase in construction loans, increases risk in the Company's loan portfolio compared to
other types of lending such as residential real estate loans. Net

28



loan
charge-offs were $2 million during 1999 and 1998, which represented .29% and .31% of average total loans, respectively.

The
allowance for loan losses increased $1 million to $11 million at December 31, 1999 from $10 million at December 31, 1998. The ratio of the
allowance for loan losses to total loans outstanding decreased to 1.26% at December 31, 1999 compared to 1.28% at December 31, 1998. Nonperforming loans decreased $14 million
(74.6%) to $5 million at December 31, 1999 from $19 million at December 31, 1998. The majority of the decrease in nonperforming loans was due to the reduction in the
Company's exposure under a loan to a leasing company. The allowance for loan losses as of December 31, 1999 and 1998 was 227.56% and 53.75% of the level of nonperforming loans at
December 31, 1999 and December 31, 1998, respectively.

The
following table is an analysis of the Company's nonperforming loans at December 31 (dollars in thousands):

|                                                |  | 1999 |       | 1998 |  
|----------------------------------------------- |  | ---- | ----- | ---- | -
|Nonaccrual loans                                |  | $    | 3,544 |      | $
|Accruing loans 90 days past due                 |  |      | 1,184 |      |  
|                                                |  |      |       |      |  
|Total nonperforming loans                       |  | $    | 4,728 |      | $
|                                                |  |      |       |      |  
|Nonperforming loans as a percent of total loans |  |      | .6    | %    |  
|Other real estate                               |  | $    | 3,488 |      | $
|                                                |  |      |       |      |  

Other Real Estate.During 1999, other real estate increased $1 million (100.2%) to
$3 million at December 31, 1999 from $2 million at December 31, 1998. This increase was primarily due to the addition of a property that secured a real estate development
loan. During 1999, the Company sold properties with an aggregate carrying value of $1 million and transferred properties having a carrying value of $2 million. Management will continue
its efforts to reduce its holdings in other real estate.

Deposits.Total deposits increased $98 million (8.5%) to $1,254 million at
December 31, 1999 from $1,156 million at December 31, 1998. This increase was primarily due to increases in time deposits $100,000 and over resulting from an $83 million
short-term time deposit that the Company received during December. The Company has promoted its deposit products when feasible while preserving the Company's net interest margin. The
Company attempts to offer competitive rates on its savings and certificates of deposit products. During 1999, average balances in interest-bearing deposits and noninterest-bearing deposits increased
$17 million and $10 million, respectively.

Capital Resources

Shareholders' equity increased $2 million (.9%) to $136 million at December 31, 1999, from $134 million at December 31,
1998. This increase was a result of net income of $20.0 million for 1999, reduced by dividends declared of $16 million and a decline in the market value of securities available for sale
of $2 million, net of taxes.

Management
has been advised that as of December 31, 1999 and 1998, the Bank qualified as a "well-capitalized" institution as defined by the Federal Deposit
Insurance Corporation Improvement Act of 1991, as amended. On a consolidated basis the Company also exceeds regulatory capital requirements.

Liquidity

Effective liquidity management ensures there is sufficient cash flow to satisfy demand for credit, deposit withdrawals and attractive investment opportunities.
A large, stable core deposit base and strong capital position are the solid foundation for the Company's liquidity position. Liquidity is enhanced by a securities portfolio structured to provide
liquidity as needed. Additionally, the Company maintains lines of credit to purchase federal funds sold in the amount of $75 million from other financial institutions as well

29



as
an additional line of credit of approximately $40 million at the Federal Home Loan Bank. The Company manages its liquidity position through continuous monitoring of profitability trends,
asset quality, interest sensitivity and maturity schedules of earning assets and liabilities.

Generally,
the Company uses cash and cash equivalents to meet its liquidity needs. Additional liquidity is provided by maintaining assets which mature within a short time frame or
which may be quickly converted to cash without significant loss. These assets include federal funds sold, commercial paper and securities available for sale. As of December 31, 1999 and 1998,
liquid assets represented 23.5% and 23.9% of total assets, respectively.

During
1999, the Company's cash and cash equivalents increased $60 million. Cash and cash equivalents from investing activities decreased $54 million, from operating
activities increased $32 million and from financing activities increased $82 million.

Income Statement Analysis1999 Compared to 1998

General.The Company's net income of $20.0 million represented an increase of
$3.9 million (23.9%) from 1998 net income of $16.2 million. The increase in net income was primarily due to an increase in noninterest income of $4.9 million in 1999 when compared
to the same period in 1998 and an increase in net interest income of $2.9 million which were partially offset by increases in noninterest expense of $1.5 million and income tax expense
of $1.9 million.

Net Interest Income.Net interest income is the primary source of income for the Company. Net
interest income is the difference between interest income earned on earning assets and interest expense paid on interest-bearing liabilities. Net interest income is affected by changes in the volume
and yield on earning assets and the volume and rates paid on interest-bearing liabilities. Interest-earning assets consist of loans, federal funds sold, commercial paper and securities.
Interest-bearing liabilities primarily consist of deposits. The net interest margin is the percentage of tax equivalent net interest income to average earning assets.

Total
interest income, on a tax equivalent basis decreased $2.0 million (2.2%) to $90.8 million in 1999 from $92.8 million in 1998. The decrease was the result of
decreases of $5.3 million due to declining rates, which was partially offset by volume increases of $3.3 million. This decrease was primarily due to decreased yields on the Company's
loan portfolio and lower yields and balances on U.S. government agency securities. Yields on total average loans decreased primarily due to the volatility of interest rates in the market during 1999.
Additionally, the Company experienced a high level of refinancing within its real estate portfolio during 1998 and a full year's effect of these lower rates is reflected in the results for 1999.
Yields on the Company's securities portfolio declined as new purchases were invested in lower yielding securities resulting from the declining interest environment at the time the securities were
purchased compared to a higher interest rate environment during the time the maturing securities were purchased.

Total
interest expense decreased $4.8 million (11.4%) to $37.3 million in 1999 from $42.1 million in 1998. Interest on deposits, which accounted for substantially
all of this decrease, declined due to decreases in average rates not withstanding an increase of $17 million in average balances of interest-bearing deposits during the year ended
December 31, 1999. The following table reflects the impact of changes in

30



volume
and interest rates on interest-earning assets and interest-bearing liabilities on a tax equivalent basis for each of the two years ended December 31, 1999 and 1998 (dollars in
thousands):

|                                   |  | December 31, 1999
compared to 1998 |        | December 31, 1998
compared to 1997 |  
|---------------------------------- |  | ---------------------------------- | ------ | ---------------------------------- | -
|
|
|
|Interest Income                    |  |                                    |        |                                    |  
|Federal funds sold                 |  | $                                  | (1,116 | )                                  | $
|Commercial paper                   |  |                                    | 142    |                                    |  
|Securities                         |  |                                    | (685   | )                                  |  
|Loans                              |  |                                    | 4,989  |                                    |  
|                                   |  |                                    |        |                                    |  
|Total interest income              |  |                                    | 3,330  |                                    |  
|Interest Expense                   |  |                                    |        |                                    |  
|Interest-bearing deposits          |  |                                    | 617    |                                    |  
|Other interest-bearing liabilities |  |                                    | 2      |                                    |  
|                                   |  |                                    |        |                                    |  
|Total interest expense             |  |                                    | 619    |                                    |  
|                                   |  |                                    |        |                                    |  
|Net interest income                |  | $                                  | 2,711  |                                    | $
|                                   |  |                                    |        |                                    |  

Noninterest Income.Total noninterest income increased $4.9 million (65.9%) to
$12.3 million in 1999 from $7.4 million in 1998. This increase was primarily due to the receipt of litigation settlement proceeds in 1999 of $3.6 million relating to a claim
arising from an investment that the Company made during the late 1980's. This increase was partially offset by decreases in gains on sale of securities available for sale and loans held for sale of
$.5 million and $.4 million, respectively. Additionally, during 1999, gains on sale of other real estate decreased $.5 million and other income decreased $.6 million
primarily due to reduced mortgage application fee income. During the third quarter of 1998, the Company recognized a loss of $3.2 million representing the
other-than-temporary impairment of the entire carrying value of an investment in subordinated debt securities which reduced the total noninterest income reported in 1998.

Noninterest Expense.Total noninterest expense increased $1.5 million (4.8%) to
$32.7 million in 1999 from $31.2 million 1998. This increase was primarily the result of salary and employee benefits increasing $1.4 million due to the addition of the indirect
automobile lending department, the opening of the Eola Road branch in Aurora and enhanced staffing in the collection and loan review functions.

Provision for Loan Losses.The Company's provision for loan losses increased $.5 million
(20.3%) to $3.1 million in 1999 compared to $2.6 million in 1998. This increase was primarily due to the increase in loan volume. A more detailed discussion concerning the allowance for
loan losses is presented in the Allowance for Loan Losses and Asset Quality section of this report.

Income Taxes.Income tax expense increased $2.0 million (27.1%) to $9.1 million
in 1999 from $7.1 million in 1998. The increase was principally due to higher pre-tax income and less nontaxable interest income on securities. The effective tax rates for the years
ended December 31, 1999 and 1998 were 31.1% and 30.6%, respectively.

Income Statement Analysis1998 Compared to 1997

General.The Company's net income of $16.2 million represented a decrease of
$5.6 million (25.7%) from 1997 net income of $21.8 million. This was primarily due to a decrease in noninterest income of
$5.0 million in 1998 when compared to the same period in 1997. During the 1998 period, total noninterest expense increased $1.5 million, net interest income decreased $.9 million
and the provision for loan losses increased $1.0 million. These decreases to income and increases to expense were partially offset by a decrease in income tax expense of $2.7 million.

31



Net Interest Income.Total interest income, on a tax equivalent basis, decreased
$3.8 million (3.9%) to $92.8 million in 1998 from $96.6 million in 1997. This decrease resulted from decreases of $2.7 million due to declining yields and
$1.1 million due to declines in average interest-earning balances primarily associated with the loan portfolio. The Company's average interest-earning assets declined $1 million during
1998. Yields on total average interest-earning assets decreased primarily due to higher average levels of investment securities (which generally have lower yields compared to loans). Yields on the
Company's loan portfolio declined primarily due to a higher level of refinancing within the real estate portfolio. Additionally, interest on the loan portfolio declined as the positive impact of
indirect automobile loans was offset by declining average balances for all other major components for the Company's loan portfolio. Interest on the Company's securities portfolio also declined as
higher average balances outstanding were invested in lower yielding securities resulting from a declining interest rate environment.

Total
interest expense decreased $2.6 million (5.9%) to $42.1 million in 1998 from $44.7 million in 1997. This decrease was primarily due to declines in average
balances. Average interest-bearing liabilities decreased $11.3 million during 1998 which was primarily due to reduced holdings of certificates of deposit.

Provision for Loan Losses.The Company's provision for loan losses increased
$1.0 million (57.9%) to $2.6 million in 1998 compared to $1.6 million in 1997. This was primarily due to the increase in charge-offs during 1998. A more detailed
discussion concerning the allowance for loan losses is presented in the Allowance for Loan Losses and Asset Quality section of this report.

Noninterest Income.During 1998, noninterest income decreased $5.0 million (40.2%) to
$7.4 million in 1998 compared to $12.4 million in 1997. This decrease was primarily due to the receipt of settlement proceeds in 1997, of $2.3 million relating to a claim arising
from an investment that the Company made during the late 1980's. During the first quarter of 1997, the Company also sold its interest in a property held as other real estate for $1.5 million.
As the property had been written off, this amount represented a gain recognized as noninterest income. Additionally, during the third quarter of 1998, the Company recognized a loss of
$3.2 million representing the other-than-temporary impairment of the entire carrying value of Class B Notes, which were classified as available for sale
securities. This loss was partially offset by a $.4 million increase in gains on sales of securities available for sale. Gains on sales of loans held for sale increased $.5 million in
1998 compared to 1997. The Company does not presently retain servicing on sold loans which has resulted in decreased servicing fees that were partially offset by increased gains on sales of loans
originated for sale. Other income increased $1.0 million primarily due to increased fees from checking and mortgage application volume.

Noninterest Expense.Total noninterest expense increased $1.5 million (5.0%) to
$31.2 million in 1998 compared to $29.7 million in 1997. Occupancy expense and furniture and equipment expense increased $.4 million and $.7 million, respectively. Other
real estate expense decreased $.2 million as management reduced its holdings in other real estate owned. Other expense increased $.5 million primarily due to increased loan expense,
other losses and outside temporary services.

Income Taxes.Income tax expense decreased $2.7 million (27.4%) to $7.1 million
in 1998 from $9.8 million in 1997, resulting principally from lower pre-tax income.

Interest Rate Sensitivity

The Company attempts to maintain a conservative posture with regard to interest rate risk by actively managing its asset/liability gap position and monitoring
the direction and magnitude of gaps and risk. The Company attempts to moderate the effects of changes in interest rates by adjusting its asset and liability mix to achieve desired relationships
between rate sensitive assets and rate sensitive liabilities. Rate sensitive assets and liabilities are those instruments that reprice within a given time period. An asset or liability reprices when
its interest rate is subject to change or upon maturity.

Movements
in general market interest rates are a key element in changes in the net interest margin. The Company's policy is to manage its balance sheet so that fluctuations in net
interest margin are

32



minimized
regardless of the level of interest rates, although the net interest margin does vary somewhat due to management's response to increasing competition from other financial institutions.

Listed
below are the balances in the major categories of rate sensitive assets and liabilities that are subject to repricing as of December 31, 1999 (dollars in thousands):

|                                                                                      |  | Three Months or Less |          | Over Three Months to Twelve Months |   | Over One Year to Five Years |   | Over Five Years |         | Total
|------------------------------------------------------------------------------------- |  | -------------------- | -------- | ---------------------------------- | - | --------------------------- | - | --------------- | ------- | -----
|Rate sensitive assets                                                                 |  |                      |          |                                    |   |                             |   |                 |         |      
|Federal funds sold                                                                    |  | $                    | 47,395   |                                    | $ |                            |   | $               |        |      
|Commercial paper                                                                      |  |                      | 69,849   |                                    |   |                            |   |                 |        |      
|Securities                                                                            |  |                      | 13,869   |                                    |   | 48,922                      |   |                 | 237,253 |      
|Loans                                                                                 |  |                      | 265,498  |                                    |   | 173,679                     |   |                 | 359,019 |      
|                                                                                      |  |                      |          |                                    |   |                             |   |                 |         |      
|Total                                                                                 |  | $                    | 396,611  |                                    | $ | 222,601                     |   | $               | 596,272 |      
|                                                                                      |  |                      |          |                                    |   |                             |   |                 |         |      
|Rate sensitive liabilities                                                            |  |                      |          |                                    |   |                             |   |                 |         |      
|NOW                                                                                   |  | $                    | 213,754  |                                    | $ |                            |   | $               |        |      
|Money market checking                                                                 |  |                      | 121,666  |                                    |   |                            |   |                 |        |      
|Savings                                                                               |  |                      | 297,141  |                                    |   |                            |   |                 |        |      
|Time deposits                                                                         |  |                      |          |                                    |   |                             |   |                 |         |      
|Less than $100,000                                                                    |  |                      | 94,655   |                                    |   | 141,898                     |   |                 | 82,406  |      
|$100,000 and over                                                                     |  |                      | 131,703  |                                    |   | 30,001                      |   |                 | 16,468  |      
|                                                                                      |  |                      |          |                                    |   |                             |   |                 |         |      
|Total                                                                                 |  | $                    | 858,919  |                                    | $ | 171,899                     |   | $               | 98,874  |      
|                                                                                      |  |                      |          |                                    |   |                             |   |                 |         |      
|Interest sensitivity gap                                                              |  | $                    | (462,308 | )                                  | $ | 50,702                      |   | $               | 497,398 |      
|Cumulative interest sensitivity gap                                                   |  |                      | (462,308 | )                                  |   | (411,606                    | ) |                 | 85,792  |      
|Cumulative net interest-earning assets to cumulative net interest-bearing liabilities |  |                      | 46.2     | %                                  |   | 60.1                        | % |                 | 107.6   | %    
|Cumulative interest sensitivity gap to total assets                                   |  |                      | (32.8    | )                                  |   | (29.2                       | ) |                 | 6.1     |      

Included
in "Three Months or Less" rate sensitive liabilities are $297 million of savings deposits, $214 million of NOW deposits and $122 million of money market
checking deposits that management considers more core deposit in nature than time deposits. Approximately $2 million of securities are callable in 2000 and are included in the above table based
upon their contractual terms. Most of these callable securities are issued by U.S. government agencies.

While
the shorter term negative GAP position represents a potential adverse impact on the Company's net interest income position in periods of rising interest rates, the same position
generally results in a favorable impact when interest rates remain constant or decline.

The
target GAP position, as defined by the Company's Asset and Liability Policy, is to maintain a ratio (as adjusted) of cumulative rate sensitive assets to rate sensitive liabilities
of at least 60.0% and not more than 120.0% on a one-year measurement basis.

The
above table does not necessarily indicate the future impact of general interest rate movements on the Company's net interest income because the repricing of certain assets and
liabilities is discretionary and is subject to competitive and other pressures. As a result, assets and liabilities indicated as repricing within the same period may in fact reprice at different times
and at different rate levels. Assets and liabilities are reported in the earliest time frame in which maturity or repricing may occur. The consolidated interest rate sensitivity position of the
Company within the one year window at December 31,
1999 reflects cumulative net interest-earning assets compared to cumulative net interest-bearing liabilities of 60.1% and cumulative net interest-earning assets that reprice or mature within one year
compared to similarly sensitive liabilities of negative 29.2% of total assets. The percentage indicated for the cumulative

33



net
interest-earning assets as a percentage of cumulative net interest-bearing liabilities is within the Company's target range of acceptable gap values for the twelve-month time frame.

In
addition to the gap analysis above, the Company also measures rate sensitivity through a net interest income analysis. The net interest income analysis measures the change in net
interest income in the event of hypothetical changes in interest rates. This analysis assesses the risk of changes in net interest income in the event of a sudden and sustained 100 to 200 basis point
increase or decrease in market interest rates. This analysis is subject to the Company's assumptions which include the following:



Listed
below are the Company's projected changes in net interest income over a twelve month horizon for the various rate shock levels as of the periods indicated (dollars in
thousands):

|December 31, 1999 |  | Amount |        | Dollar
Change |   | Percent
Change |  
|----------------- |  | ------ | ------ | ------------- | - | -------------- | -
|+200 basis points |  | $      | 38,210 |               | $ | (10,593        | )
|+100 basis points |  |        | 43,553 |               |   | (5,250         | )
|Base              |  |        | 48,803 |               |   |                |  
|-100 basis points |  |        | 53,815 |               |   | 5,012          |  
|-200 basis points |  |        | 56,784 |               |   | 7,981          |  

|December 31, 1998 |  | Amount |        | Dollar
Change |   | Percent
Change |  
|----------------- |  | ------ | ------ | ------------- | - | -------------- | -
|+200 basis points |  | $      | 41,437 |               | $ | (6,730         | )
|+100 basis points |  |        | 44,952 |               |   | (3,215         | )
|Base              |  |        | 48,167 |               |   |                |  
|-100 basis points |  |        | 51,206 |               |   | 3,039          |  
|-200 basis points |  |        | 52,318 |               |   | 4,151          |  

Effects of Inflation

Unlike industrial companies, virtually all of the assets and liabilities of the Company are monetary in nature. As a result, interest rates have a more
significant impact on the Company's performance than
do the effect of general levels of inflation. Interest rates do not necessarily move in the same direction or experience the same magnitude of change as goods and services, since such prices are
affected by inflation. In the current economic environment, liquidity and interest rate adjustments are features of the Company's assets and liabilities which are important to the maintenance of
acceptable performance levels. The Company attempts to maintain a balance between monetary assets and monetary liabilities, over time, to offset the potential effects of changing interest rates.

34



---

BOARDS OF DIRECTORS

---

|                    | West Suburban Bancorp, Inc.                                        
|------------------- | -------------------------------------------------------------------
|Kevin J. Acker      | Chairman of the Board                                              
|David Bell          | Certified Public Accountant                                        
|Duane G. Debs       | President, Chief Financial Officer                                 
|Charles P. Howard   | Inner City Impact, Business Operations Director                    
|Peggy P. LoCicero   | Former Banker                                                      
|                    | West Suburban Bank                                                 
|Robert W. Schulz    | Chairman; Oliver Hoffmann Corporation, Vice President and Treasurer
|Keith W. Acker      | President                                                          
|Craig R. Acker      | Former Banker                                                      
|Earl K. Harbaugh    | Ditch Witch of Illinois, Chief Executive Officer and President     
|Ronald J. Kuhn      | Harry W. Kuhn, Inc., Chairman, Secretary and Treasurer             
|Richard Hill Lauber | J&E Duff, Inc., President                                          
|Paul J. Lehman      | Macom Corporation, President                                       
|Walter T. Myers     | Terrace Supply, Vice President                                     
|John G. Williams    | Bracing Systems, Vice President                                    
|James Bell          | Director Emeritus                                                  
|F. Willis Caruso    | Director Emeritus                                                  
|George Hazdra       | Director Emeritus                                                  
|Harry Kuhn          | Director Emeritus                                                  
|Richard P. McCarthy | Director Emeritus                                                  
|Harold Moser        | Director Emeritus                                                  

---

OFFICERS

---

|                     |  | West Suburban Bancorp, Inc.                                          
|-------------------- |  | ---------------------------------------------------------------------
|Duane G. Debs        |  | President, Chief Financial Officer                                   
|Keith W. Acker       |  | Chief Operations Officer                                             
|Kevin J. Acker       |  | Vice President                                                       
|Michael P. Brosnahan |  | Vice President                                                       
|David J. Mulkerin    |  | Chief Compliance Officer                                             
|George E. Ranstead   |  | Secretary to the Board and Treasurer                                 
|Michael J. Lynch     |  | Director of Internal Audit                                           
|                     |  | West Suburban Bank                                                   
|Senior Officers      |  |                                                                      
|Keith W. Acker       |  | President                                                            
|Kevin J. Acker       |  | Senior Vice President, Marketing                                     
|Michael P. Brosnahan |  | Senior Vice President, Lending and Community Reinvestment Act Officer
|James T. Chippas     |  | Senior Vice President, Consumer Lending                              
|Duane G. Debs        |  | Senior Vice President, Comptroller                                   
|Raymond P. Rynne     |  | Senior Vice President, Business Services                             

35



|Building Management      |  |                                                     
|------------------------ |  | ----------------------------------------------------
|Edward J. Garvey         |  | Vice President, Building Management                 
|Business Services        |  |                                                     
|Terry T. Facenda         |  | Business Services Officer                           
|Call Center              |  |                                                     
|James M. Mastrino        |  | Vice President, Call Center                         
|Commercial Loans         |  |                                                     
|Stanley C. Celner, Jr.   |  | Vice President, Commercial Loans                    
|Grant O. Cowen           |  | Vice President, Commercial Loans                    
|Timothy P. Dineen        |  | Vice President, Commercial Real Estate Loans        
|David S. Orr             |  | Vice President, Commercial Loans                    
|Gregory M. Ruffolo       |  | Vice President, Commercial Loans                    
|Edwin S. Stephens IV     |  | Vice President, Commercial Loans                    
|Gregory L. Young         |  | Vice President, Commercial Loans                    
|Compliance               |  |                                                     
|David J. Mulkerin        |  | Chief Compliance Officer                            
|Comptroller's Department |  |                                                     
|George E. Ranstead       |  | Vice President, Assistant Comptroller               
|Consumer Loans           |  |                                                     
|William H. Hunter        |  | Vice President, Consumer Loans                      
|Cynthia A. Meredith      |  | Vice President, Consumer Loans                      
|Charles Svoboda          |  | Vice President, Consumer Loans                      
|Karyn L. Tompkins        |  | Consumer Loan Officer                               
|David J. Wanek           |  | Consumer Loan Officer                               
|Data Processing          |  |                                                     
|Steven A. Jennrich       |  | Vice President, Data Processing                     
|Electronic Services      |  |                                                     
|Janet L. Kemble          |  | Assistant Vice President, Electronic Services       
|Financial Services       |  |                                                     
|Michael Abbatacola       |  | Vice President, Financial Services                  
|Lynn M. Torre            |  | Assistant Vice President, Financial Services        
|Human Resources          |  |                                                     
|Mary Ellen Condon        |  | Vice President, Human Resources                     
|Marie V. Dunk            |  | Assistant Vice President, Director, Benefits/Payroll
|Joanne T. Tosch          |  | Director, Employee Development                      
|Internal Audit           |  |                                                     
|Michael J. Lynch         |  | Vice President, Director of Internal Audit          
|Investments              |  |                                                     
|John A. Machonga         |  | Vice President, Investments                         

36



|Loan Operations           |  |                                                               
|------------------------- |  | --------------------------------------------------------------
|Karin I. Choate           |  | Vice President, Mortgage Servicing                            
|Sandra C. Boyce           |  | Vice President, Residential Mortgage Operations               
|Lawrence J. Ortman        |  | Vice President, Credit Analysis and Loan Review               
|Kevin Bussey              |  | Assistant Vice President, Collections                         
|Debra H. Kolze            |  | Assistant Vice President, Commercial Loan Operations Manager  
|Loss Prevention           |  |                                                               
|Jack Buscemi              |  | Vice President, Loss Prevention                               
|Marketing                 |  |                                                               
|Denise M. Zatarski        |  | Director of Marketing                                         
|Operations                |  |                                                               
|Danielle Budig            |  | Vice President, Operations/VISA                               
|Jacqueline R. Weigand     |  | Vice President, Operations                                    
|Jill C. Davenport         |  | Assistant Vice President, Operations                          
|Purchasing                |  |                                                               
|Helen G. Schmitt          |  | Assistant Vice President, Purchasing                          
|Retail Banking            |  |                                                               
|Beverly J. Viscariello    |  | Vice President, Branch ManagerOakbrook Terrace               
|Marcia K. Worobec         |  | Vice President, Branch ManagerWestmore, Metra Main           
|Amy L. Andrews            |  | Assistant Vice President, Branch ManagerMontgomery           
|Kathleen M. Brockman      |  | Assistant Vice President, Branch ManagerLake Street          
|Sharon Buck               |  | Assistant Vice President, Branch ManagerSt. Charles          
|Katie R. Cornille         |  | Assistant Vice President, Branch ManagerCarol Stream         
|Barbara D. Darden         |  | Assistant Vice President, Branch ManagerEola Road            
|Joyce M. Fedele           |  | Assistant Vice President, Branch ManagerDanada, Wheaton      
|Sharon A. Fonte           |  | Assistant Vice President, Branch ManagerGlendale Heights     
|Joel K. Fopma             |  | Acting Branch ManagerBolingbrook West                        
|Quintin T. Harmon         |  | Assistant Vice President, Branch ManagerRomeoville           
|Susan Hemmelgarn          |  | Assistant Vice President, Branch ManagerCharlestowne         
|Priya Hira                |  | Assistant Vice President, Branch ManagerVilla Park           
|Kirsten L. Jensen         |  | Assistant Vice President, Branch ManagerBartlett             
|Norine M. LaPrall         |  | Assistant Vice President, Branch ManagerWarrenville          
|Terry Leitner             |  | Assistant Vice President, Branch Manager75th Street, Westmont
|Brian McDonald            |  | Assistant Vice President, Branch ManagerFair Oaks            
|Susan Neustrom            |  | Assistant Vice President, Branch ManagerBolingbrook East     
|Gwen B. O'Loughlin        |  | Assistant Vice President, Branch ManagerNorth Main           
|Robert L. Pauling         |  | Assistant Vice President, Branch ManagerStratford Square     
|Cynthia A. Picton         |  | Assistant Vice President, Branch ManagerGalena               
|Kay J. Piotrowski         |  | Assistant Vice President, Branch ManagerNaperville           
|David P. Reed             |  | Acting Branch ManagerPresident Street                        
|Jerome Sheeman            |  | Assistant Vice President, Branch ManagerFinley Road          
|Joseph M. Sperlik         |  | Assistant Vice President, Branch ManagerSouth Main           
|Mary Beth Vandenberg      |  | Assistant Vice President, Branch ManagerCass Avenue          
|Secretary to the Board    |  |                                                               
|Jay J.P. Greifenkamp      |  | Financial Analyst/Secretary to the Board                      
|Travel with West Suburban |  |                                                               
|Dennis A. Woodyatt        |  | Travel Agent                                                  

37



|Trust                            |  |                      
|-------------------------------- |  | ---------------------
|John A. Machonga                 |  | Vice President, Trust
|Christine H. Pawlak              |  | Trust Officer        
|West Suburban Insurance Services |  |                      
|Patricia Falstrom                |  | Insurance Agent      

38



## 

West Suburban Bancorp, Inc. 711 South Meyers Road Lombard, Illinois

AuroraEola Road Branch: 335 North Eola Road, Aurora, Illinois 60504(630) 898-7072
Galena Branch: 2000 West Galena Boulevard, Aurora, Illinois 60507(630) 896-7000
Lake Street Branch: 101 North Lake Street, Aurora, Illinois 60507(630) 844-5200

BartlettBartlett Branch: 1061 West Stearns Road, Bartlett, Illinois 60103(630) 830-5330

BloomingdaleStratford Square Branch: 355 West Army Trail Road, Bloomingdale, Illinois 60108(630) 351-0600

BolingbrookBolingbrook East Branch: 672 East Boughton Road, Bolingbrook, Illinois 60440(630) 972-9550
Bolingbrook West Branch: 1104 West Boughton Road, Bolingbrook Illinois 60440(630) 378-9680

Carol StreamCarol Stream Branch: 401 North Gary Avenue, Carol Stream, Illinois 60188(630) 690-8700
Fair Oaks Branch: 1380 West Army Trail Road, Carol Stream, Illinois 60188(630) 213-5920
President Street Branch: 879 East Geneva Road, Carol Stream, Illinois 60188(630) 752-1175

Darien75th Street Branch: 1005 75th Street, Darien, Illinois 60561(630) 852-9226
Cass Avenue Branch: 8001 South Cass Avenue, Darien, Illinois 60561(630) 852-6900

Downers GroveFinley Road Branch: 2800 South Finley Road, Downers Grove, Illinois 60515(630) 495-3600

Glendale HeightsGlendale Heights Branch: 1657 Bloomingdale Road, Glendale Heights, Illinois 60139(630) 690-8600

LombardMetra Main Branch: 100 South Main Street, Lombard, Illinois 60148(630) 268-9010
North Main Branch: 707 North Main Street, Lombard, Illinois 60148(630) 691-8558
South Main Branch: 1122 South Main Street, Lombard, Illinois 60148(630) 495-3605
Westmore Branch: 711 South Meyers Road, Lombard, Illinois 60148(630) 629-4200

MontgomeryMontgomery Branch: 1830 Douglas Road, Montgomery, Illinois 60538(630) 844-5600

NapervilleNaperville Branch: 2020 Feldott Lane, Naperville, Illinois 60540(630) 416-3800

Oakbrook TerraceOakbrook Terrace Branch: 17W754 22nd Street, Oakbrook Terrace, Illinois 60181(630) 916-1195

RomeovilleRomeoville Branch: 505 North Weber Road, Romeoville, Illinois 60446(815) 372-0665

39



St. CharlesCharlestowne Branch: 3000 East Main Street, St. Charles, Illinois 60174(630) 762-1395
Opening Spring of 2000
St. Charles Branch: 315 South Randall Road, St. Charles, Illinois 60174(630) 377-6930

Villa ParkVilla Park Branch: 40 East St. Charles Road, Villa Park, Illinois 60181(630) 832-8775

WarrenvilleWarrenville Branch: 3S041 Route 59, Warrenville, Illinois 60555(630) 393-6060

WestmontWestmont Branch: 6400 South Cass Avenue, Westmont, Illinois 60559(630) 963-2735

WheatonDanada Branch: 295 West Loop Road, Wheaton, Illinois 60187(630) 871-9890
Wheaton Branch: 221 South West Street, Wheaton, Illinois 60187(630) 221-8220

ATMs are
available at all of the above banking branches.

Limited Service BranchesBeacon Hill, Lombard, Illinois 60148
Financial Center, 717 South Meyers Road, Lombard, Illinois 60148
Lexington Square of Elmhurst, Elmhurst, Illinois 60126
Lexington Square of Lombard, Lombard, Illinois 60148
Mr. Z's: 401 South Main Street, Lombard, Illinois 60148
Travel with West Suburban, 711 South Meyers Road, Lombard, Illinois 60148(630) 495-1400
West Suburban Bank VISA Headquarters, 701 South Meyers Road, Lombard, Illinois 60148
(630) 652-2500 extension 2903
West Suburban Insurance Services, 17W754 22nd Street, Oakbrook Terrace, Illinois 60181 (630) 652-2550

40



[GRAPHIC ILLUSTRATING THE COMPANY'S MARKET AREA
AND INDICATING THE LOCATION OF THE COMPANY'S BANK BRANCHES]

Where strength is matched by service

41



Annual Report on Form 10-KA copy of West Suburban Bancorp, Inc.'s Annual Report on Form 10-K, filed with the Securities and Exchange Commission, is available without charge to
shareholders by writing to:



Annual Meeting of ShareholdersThe annual meeting of shareholders of West Suburban Bancorp, Inc. will be held at West Suburban Bank, 711 South Meyers Road, Lombard, Illinois on Wednesday,
May 10, 2000 at 8:00 a.m. All shareholders are cordially invited to attend.

Stock Transfer Agent and RegistrarInquiries regarding stock transfers, registration, lost certificates and changes of name and address should be directed to the stock transfer agent and registrar by
writing to:



Community Reinvestment ActWest Suburban Bank adheres to a well-established policy of helping to meet the credit needs of our local communities, consistent with safe and sound lending
practices, in accordance with the Community Reinvestment Act. For additional information, contact:



Independent AuditorsCrowe, Chizek and Company LLP
One Mid America Plaza
Oak Brook, Illinois 60522

Corporate CounselBarack Ferrazzano Kirschbaum Perlman & Nagelberg
333 West Wacker Drive, Suite 2700
Chicago, Illinois 60606

MEMBER FDIC

42



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