Exhibit 4.1 Fiscal and Paying Agency Agreement

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ARTICLE I

APPOINTMENT

Section 1.1.	Appointment of Fiscal and Paying Agent	1

ARTICLE II

THE SUBORDINATED NOTES

Section 2.1.	Form of Subordinated Notes	1
Section 2.2.	Certifications of Authorized Representatives of the Bank	2
Section 2.3.	Completion, Authentication and Delivery	2
Section 2.4.	Denominations; Issuance of Certificated Securities	3
Section 2.5.	Proceeds of the Sale of Subordinated Notes	4
Section 2.6.	Security Register; Registration of Transfer and Exchange	4
Section 2.7.	Persons Deemed Owners	5
Section 2.8.	Cancellation of Unissued Global Subordinated Notes	5
Section 2.9.	Mutilated, Stolen or Destroyed Subordinated Notes	5
Section 2.10.	Redemption	5

ARTICLE III

THE FISCAL AND PAYING AGENT

Section 3.1.	Payment of Subordinated Notes	5
Section 3.2.	Information Regarding Amounts Payable	6
Section 3.3.	Deposit of Funds	6
Section 3.4.	Disposition of Funds Held for Payment of Subordinated Notes	6
Section 3.5.	Additional Responsibilities	7
Section 3.6.	Miscellaneous	7

ARTICLE IV

LIABILITY AND INDEMNIFICATION

Section 4.1.	Liability	8
Section 4.2.	Indemnification	8


ARTICLE V

RESIGNATION OR REMOVAL OF FISCAL AND PAYING AGENT

Section 5.1.	Resignation or Removal	9
Section 5.2.	Successor Fiscal and Paying Agent	9
Section 5.3.	Successor by Merger, Etc.	9

ARTICLE VI

MISCELLANEOUS

Section 6.1.	Compensation of the Fiscal and Paying Agent	10
Section 6.2.	Reliance on Opinions of Counsel or Officer’s Certificate	10
Section 6.3.	Subordinated Notes Held by Fiscal and Paying Agent	10
Section 6.4.	Notices	10
Section 6.5.	Parties	11
Section 6.6.	Governing Law	11
Section 6.7.	Separability	11
Section 6.8.	Effect of Headings	11
Section 6.9.	Amendments	11
Section 6.10.	Events of Default; Rescission	12
Section 6.11.	Actions Due on Saturdays, Sundays and Holidays	13
Section 6.12.	Agreement To Pay Attorneys’ Fees and Other Expenses	13
Section 6.13.	Survival	13
Section 6.14.	No Implied Waivers	13
Section 6.15.	Counterparts	13
Section 6.16.	Term	14
Section 6.17.	Complete Agreement	14
Section 6.18.	Reopenings	14

WHEREAS, the Bank proposes to issue and sell its 5.673% Subordinated Notes Due December 15, 2016 (the “Subordinated Notes”) in an initial aggregate principal amount of $50,000,000 and in minimum denominations of $250,000 to certain institutional accredited investors in an offering that is exempt from registration with the Securities and Exchange Commission and will be made pursuant to Section 16.6 of the Securities Offering Regulations (12 C.F.R. § 16.6) of the Office of the Comptroller of the Currency (the “Comptroller”), and

Section 2.1. Form of Subordinated Notes. The Subordinated Notes will be represented by one or more global certificates, each such certificate hereinafter called a “Global Subordinated Note.” All Global Subordinated Notes shall be registered in the name of The Depository Trust Company (“DTC”), as depository, or its nominee or a successor depository or nominee. All Global Subordinated Notes shall be in substantially the form attached hereto as Exhibit A and may have such appropriate insertions, omissions, variations or substitutions as are required or permitted by, and not inconsistent with, this Agreement, and may also have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with any applicable law or with any applicable rules or regulations made pursuant thereto or with the rules or regulations of any securities exchange or governmental agency or as may, consistently herewith, be determined by the officers of the Bank executing such Global Subordinated Notes, as evidenced by their execution thereof. Beneficial interests in the Global Subordinated Notes will be shown on, and transfers thereof will be effected only through, records maintained by DTC or its nominee and its participants.

(b) On an annual basis, the Bank shall furnish the Fiscal and Paying Agent with an Officer’s Certificate of the Bank certifying the incumbency and specimen signatures of the representatives of the Bank who are authorized to instruct the Fiscal and Paying Agent regarding the completion and delivery of the Global Subordinated Notes and take other actions hereunder (each an “Authorized Representative”). The Bank shall promptly provide the Fiscal and Paying Agent with an interim Officer’s Certificate of the Bank indicating any changes in the Bank’s Authorized Representatives and certifying the incumbency and specimen signatures of each Authorized Representative and any such change shall become effective on the Business Day (as hereinafter defined) on which the Fiscal and Paying Agent receives notice thereof.

(a) All Subordinated Notes shall be issued and delivered in accordance with the terms of this Agreement, the Global Subordinated Notes and the Letter of Representations from the Bank and the Fiscal and Paying Agent to DTC dated December 13, 2006, pursuant to an authentication order (“Authentication Order”). The Authentication Order shall be given by an Authorized Representative by telex, telecopy or other means acceptable to the Fiscal and Paying Agent. Upon receipt of the Authentication Order, the Fiscal and Paying Agent shall:

(c) All instructions given by the Bank pursuant to this Section 2.3 must be received by the Fiscal and Paying Agent by 11 a.m., Central Standard Time, on the Business Day preceding the original issue date for the Global Subordinated Notes. For all purposes under this Agreement (except as indicated in Sections 3.1(b) and 6.11), the term “Business Day” shall mean any day that is not a Saturday or Sunday and that, in the City of New York, New York is not a day on which banking institutions are generally authorized or required by law to be closed. The Fiscal and Paying Agent shall not be required to perform any duties on any day that is not a Business Day.

(d) The Fiscal and Paying Agent shall have no responsibility to the Bank to determine by whom or by what means a facsimile signature of the Bank may have been affixed on the Global Subordinated Notes, or whether a signature of an Authorized Representative is genuine, if such signature resembles the specimen signature of such Authorized Representative on the Officer’s Certificate delivered pursuant to Section 2.2(b). The Fiscal and Paying Agent shall incur no liability to the Bank in acting or refraining from taking any action hereunder upon instructions contemplated hereby which the recipient thereof believed in good faith to have been given by an Authorized Representative. In the event a discrepancy exists between the instructions as originally received by the Fiscal and Paying Agent and any subsequent instruction relating to the same subject matter, the original instructions will be deemed controlling if action has already been taken in reliance thereon, provided that the Fiscal and Paying Agent gives notice to the Bank of such discrepancy promptly upon the receipt of such subsequent instructions.

(e) Each instruction given to the Fiscal and Paying Agent in accordance with this Section 2.3 shall constitute a representation and warranty to the Fiscal and Paying Agent by the Bank that (i) the issuance and delivery of the Global Subordinated Notes to which the instruction relates have been duly and validly authorized by the Bank, (ii) such Global Subordinated Notes, when completed, countersigned, authenticated and delivered pursuant hereto, will constitute valid and legally binding obligations of the Bank and (iii) the Fiscal and Paying Agent’s appointment to act for the Bank hereunder has been duly authorized by all necessary corporate action of the Bank.

(b) If at any time (i) DTC notifies the Bank in writing that it is unwilling or unable to act as depository for the Subordinated Notes or if DTC ceases to be a clearing agency registered pursuant to Section 17A of the Securities Exchange Act of 1934, as amended, and a successor depository is not appointed by the Bank within 90 days after the effective date of DTC’s ceasing to act as depository for the Subordinated Notes, (ii) the Bank, at its option, notifies the Fiscal and Paying Agent in writing that it elects to cause the issuance of Subordinated Notes in definitive form or (iii) any event shall have happened and be continuing which, after notice or lapse of time, or both, would constitute an Event of Default as defined in the Subordinated Notes, the Bank will execute, and the Fiscal and Paying Agent will, upon the execution of the then standard form of the Fiscal and Paying Agent’s agreement for certificated securities and upon receipt of instructions in writing from the Bank, authenticate and deliver Subordinated Notes of like tenor and terms in definitive form in an aggregate principal amount equal to the principal amount of the Global Subordinated Notes then outstanding in exchange for such Global Subordinated Notes. Any such certificated Subordinated Notes will be issued in fully registered form to the persons identified by DTC as the beneficial owners thereof, without coupons, in denominations of $250,000 or any amount in excess thereof which is an integral multiple of $1,000. Such certificated Subordinated Notes may not subsequently be exchanged by a holder for Subordinated Notes in denominations of less than $250,000. If Subordinated Notes are issued in definitive form hereunder, payment and other terms related to such Subordinated Notes will be as set forth on the face thereof.

(a) The Fiscal and Paying Agent shall, so long as any of the Subordinated Notes remain outstanding, maintain all records as may be customary, including all forms of transfer for the Subordinated Notes and shall: (i) keep at its corporate trust office or the office of its agent in The City of New York, a register (the “Security Register”) in such form as the Fiscal and Paying Agent may determine, in which, subject to such reasonable requirements as it may prescribe, it shall provide for the registration of the Global Subordinated Notes and of any exchanges or transfers thereof and (ii) maintain records showing for each outstanding Subordinated Note issued in definitive form under Section 2.4(b), the principal amount, maturity date, interest rate and other terms thereof; the date of original issue and all subsequent transfers and consolidations or exchanges.

(b) All Subordinated Notes presented for transfer shall be duly endorsed or be accompanied by a written instrument of transfer with such evidence of due authorization and guarantee of signature as may reasonably be required by the Fiscal and Paying Agent. Upon receipt by the Bank of a Subordinated Note submitted for transfer, the Bank will execute, and the Fiscal and Paying Agent will countersign and authenticate, one or more new Subordinated Notes of like tenor and terms in an aggregate principal amount equal to the principal amount of the Subordinated Note presented for transfer in accordance with the transfer instructions accompanying same. The Fiscal and Paying Agent shall date its signature on the date it signs such Subordinated Notes. No service charge (other than any cost of delivery) shall be imposed by the Fiscal or Paying Agent for any exchange or registration of transfer of a Subordinated Note but the Bank or Fiscal and Paying Agent may require the payment of a sum sufficient to cover any stamp or other tax or governmental charge that may be imposed in connection therewith or presentation of evidence that such tax or charge has been paid. Notwithstanding anything to the contrary set forth herein, no registration or transfer shall be made on or after the fifteenth day immediately preceding the Date of Maturity (as defined in the Subordinated Note).

(c) Notwithstanding anything in this Agreement to the contrary, unless Subordinated Notes are issued in definitive form under Section 2.4(b) hereof, beneficial ownership of the Subordinated Notes will only be shown on, and transfers thereof will be effected only through, records maintained by DTC, its nominees or its participants (as defined in the Offering Circular). The Fiscal and Paying Agent shall have no responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests in a Global Subordinated Note or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests, and it shall be fully protected in acting or refraining from acting on any such information provided by DTC with respect thereto.

Section 2.7. Persons Deemed Owners. Prior to due presentment of a Subordinated Note for registration or transfer, the Bank, the Fiscal and Paying Agent and any agent of the Bank or the Fiscal and Paying Agent may treat the person in whose name such Subordinated Note is registered as the owner of such Subordinated Note for the purpose of receiving payments of principal and interest, if any, and for all other purposes whatsoever, whether or not such Subordinated Note be overdue, and neither the Bank nor the Fiscal and Paying Agent shall be affected by notice to the contrary.

Section 2.8. Cancellation of Subordinated Notes. Any Subordinated Note paid in accordance with this Agreement, and each Subordinated Note in lieu of which a replacement Subordinated Note or Subordinated Notes are authenticated and delivered in accordance with Section 2.6 or 2.9 hereof, shall be canceled and disposed of in accordance with the Fiscal and Paying Agent’s policy for disposal. The Fiscal and Paying Agent shall upon written request furnish the Bank with certificates of disposal of such Subordinated Note(s).

Section 2.9. Mutilated, Stolen or Destroyed Subordinated Notes. In case a Subordinated Note shall at any time become mutilated, destroyed, lost or stolen and such Subordinated Note or evidence satisfactory to the Bank or the Fiscal and Paying Agent of the loss, theft, or destruction thereof (together with indemnity satisfactory to the Bank and the Fiscal and Paying Agent and such other documents of proof as may be required by them) shall be delivered to the Bank, a new Subordinated Note of like tenor will be issued by the Bank in exchange for the Subordinated Note so mutilated, or in lieu of the Subordinated Note so destroyed or lost or stolen. The Fiscal and Paying Agent will authenticate any such substituted Subordinated Note and deliver the same on the written request or authorization of an Authorized Representative. All expenses and reasonable charges associated with procuring the indemnity referred to above and with the preparation, authentication and delivery of a new Subordinated Note shall be borne by the holder of the Subordinated Note so mutilated, destroyed, lost or stolen. If any Subordinated Note which has matured or is about to mature shall become mutilated, destroyed, lost or stolen, the Bank may, instead of issuing a substitute Subordinated Note, pay or authorize the payment of the same (without surrender thereof except in the case of a mutilated Subordinated Note) upon compliance by the holder thereof with the provisions of this Section 2.9.

(a) Payments of principal, premium, if any, and interest payable at the Date of Maturity will be made by wire transfer in immediately available funds to the bank accounts in the United States designated by the holders of the Subordinated Notes, provided that the Subordinated Notes are presented to the Fiscal and Paying Agent at its corporate trust office in The City of New York (or at such other place or places as the Fiscal and Paying Agent shall designate by notice to the holders of the Subordinated Notes) in time for the Fiscal and Paying Agent to make such payments in such funds in accordance with its normal procedures.

(b) Payments of interest (other than interest payable at Date of Maturity) will be made on June 15 and December 15 of each year, commencing on June 15, 2007 to the holders of the Subordinated Notes entitled thereto as of the close of business on June 1 and December 1, as the case may be (whether or not such day is a “Business Day” (as that term is defined in the Form of Global Subordinated Note attached as Exhibit A hereto)) (each such date, a “Regular Record Date” next preceding each such interest payment date, by wire transfer of immediately available funds to the bank accounts in the United States designated by such holders in a written notice received by the Fiscal and Paying Agent not later than the applicable Regular Record Date.

(c) The Fiscal and Paying Agent is authorized and will pay any Subordinated Note duly presented for payment as provided in paragraph (a) of this Section 3.1 as long as the Global Subordinated Note representing such Subordinated Note has been authenticated by one of the Fiscal and Paying Agent’s officers who was duly designated and authorized for such purpose at the time of such authentication, notwithstanding that said officer is no longer so designated or the authority of said officer has been terminated between the time of execution and the time of payment.

Section 3.3. Deposit of Funds. The Bank shall deposit with the Fiscal and Paying Agent by 10 a.m., New York City time (i) on each interest payment date (other than the Date of Maturity) an amount in immediately available funds sufficient to pay the interest due on the Subordinated Notes on such date and (ii) on the Date of Maturity an amount in immediately available funds sufficient to pay the full principal amount of the Subordinated Notes, the premium due thereon, if any, and all unpaid interest accrued thereon to the Date of Maturity.

(a) In acting under this Agreement and in connection with the Subordinated Notes, the Fiscal and Paying Agent is acting solely as agent of the Bank and does not have any fiduciary duties to, and does not assume any obligation or relationship of agency or trust with, the holders of the Subordinated Notes or the beneficial owners of the Global Subordinated Notes, except that, subject to the provisions of subsection (b) of this Section 3.4, all money deposited with the Fiscal and Paying Agent pursuant to Section 3.3 shall be held by it on behalf of the holders of the Subordinated Notes and the beneficial holders of the Global Subordinated Notes entitled thereto until such money is disbursed to the holders of the Subordinated Notes (subject to escheat and other unclaimed property laws) in accordance with the provisions of the Subordinated Notes and this Agreement or otherwise. Money deposited with the Fiscal and Paying Agent need not be segregated from other funds of the Fiscal and Paying Agent, except to the extent required by law.

(b) Subject to applicable escheat laws, any money deposited with the Fiscal and Paying Agent for the payment of the principal of, premium, if any, or interest on any Subordinated Note that remains unclaimed for two years after such principal, premium, if any, or interest has become due and payable shall be remitted by the Fiscal and Paying Agent to the Bank and the holders of the Subordinated Notes entitled thereto shall thereafter, as unsecured general creditors, look only to the Bank for payment thereof as successor fiscal and paying agent, and all liability of the Fiscal and Paying Agent with respect to such money shall thereupon cease.

Section 3.5. Additional Responsibilities. If the Bank shall ask the Fiscal and Paying Agent to perform any duties not specifically set forth in this Agreement as duties of the Fiscal and Paying Agent (the “Additional Responsibilities”) and the Fiscal and Paying Agent chooses to perform such Additional Responsibilities, the Fiscal and Paying Agent shall be held to the same standard of care and shall be entitled to all the protective provisions (including, but not limited to, indemnification) set forth herein with respect to such Additional Responsibilities unless the Fiscal and Paying Agent has entered into a separate written agreement which specifically addresses the standard of care with respect to such Additional Responsibilities.

(a) in paying principal, premium, if any, and interest on the Subordinated Notes hereunder, the Fiscal and Paying Agent shall be acting as a conduit and shall not be paying such principal, premium, if any, or interest for its own account. In the absence of written notice from the Bank to the contrary, the Fiscal and Paying Agent shall be entitled to assume that any Subordinated Note presented to it, or deemed presented to it, for payment, is entitled to be so paid;

(e) any action taken by the Fiscal and Paying Agent pursuant to this Agreement upon the request or authority or consent of any person who at the time of making such request or giving such authority or consent is the holder of a Subordinated Note shall be conclusive and binding upon (i) all future holders of the same Subordinated Note and any Subordinated Note issued in exchange therefor or in place thereof, (ii) all beneficial owners of the same Subordinated Note and (iii) all holders of the same Subordinated Note issued in definitive form pursuant to Section 2.4(b) hereof.

(a) The duties and obligations of the Fiscal and Paying Agent are ministerial in nature and such duties and obligations shall be determined solely by the express provisions of this Agreement. The Fiscal and Paying Agent shall not be liable to the Bank, the holder of Subordinated Notes or the beneficial owners of the Global Subordinated Notes except for the performance of such duties and obligations as are specifically set forth herein and no implied covenants shall be read into this Agreement against it.

(b) The Fiscal and Paying Agent may refuse to perform any duty or exercise any right or power hereunder unless it receives indemnity satisfactory to it against any related loss, liability or expense. The Fiscal and Paying Agent shall not be required to ascertain whether any action taken by the Bank hereunder, including (i) the offering and sale of Subordinated Notes, (ii) the issuance of such Subordinated Notes or (iii) any amendment or termination of this Agreement, has been duly authorized by the Bank or is in compliance with any other agreement to which the Bank is a party (whether or not the Fiscal and Paying Agent is also a party to such other agreements) or any law or governmental regulation to which the Bank is subject. The Fiscal and Paying Agent shall have no responsibility in the case of any default by the Bank in the performance of the covenants contained herein or in the Subordinated Notes.

(c) The Fiscal and Paying Agent shall not have any liability hereunder except in the case of its gross negligence, willful misconduct or failure to perform in accordance with this Agreement. Notwithstanding anything to the contrary herein, the Fiscal and Paying Agent shall not be liable for any losses, damages or expenses resulting from the willful misconduct or negligence of any of its agents, correspondents, attorneys or receivers as long as the Fiscal and Paying Agent exercised due care in connection with the appointment thereof.

Section 4.2. Indemnification. The Bank agrees to indemnify and hold harmless the Fiscal and Paying Agent, its officers, directors, employees and agents from and against all losses, liabilities, obligations, claims, damages, costs and expenses of any kind or nature whatsoever (including, without limitation, reasonable legal fees and expenses) relating to or arising out of the performance of its duties under this Agreement, except to the extent they are caused by the gross negligence or willful misconduct of the Fiscal and Paying Agent or failure of the Fiscal and Paying Agent to perform in accordance with this Agreement. In the event of resignation or removal of the Fiscal and Paying Agent, any successor to the performance of the obligations of the Fiscal and Paying Agent as specified in this Agreement shall be entitled to rely upon this indemnity and said successor, the Bank or DTC shall not be entitled to a separate indemnity from the Fiscal and Paying Agent. These indemnification obligations shall survive the termination of this Agreement, including any termination pursuant to any applicable federal or state bankruptcy law, to the extent enforceable under applicable law, and shall survive the resignation or removal of the Fiscal and Paying Agent while remaining applicable to any action taken or omitted by the Fiscal and Paying Agent while acting pursuant to this Agreement.

Section 5.1. Resignation or Removal. The Fiscal and Paying Agent may at any time resign from its duties hereunder by giving written notice of resignation to the Bank specifying the date on which such resignation shall become effective; provided, however, that such date shall not be less than 30 Business Days after such notice is given to the Bank. The Bank may at any time remove the Fiscal and Paying Agent by giving written notice of removal to the Fiscal and Paying Agent specifying the date on which such removal shall be effective; provided, however, that such date shall be not less than 30 Business Days after such notice is given to the Fiscal and Paying Agent. Any termination or resignation hereunder shall not affect the Fiscal and Paying Agent’s right to the payment of fees earned or charges incurred through the effective date of such termination or resignation, as the case may be.

Section 5.2. Successor Fiscal and Paying Agent. Upon the effective date of such resignation or removal, the Fiscal and Paying Agent shall deliver any money then held by it pursuant to Section 3.4(a) to the successor appointed by the Bank to serve as fiscal and paying agent for the Subordinated Notes and all liability of the Fiscal and Paying Agent with respect to such money shall thereupon cease. The Fiscal and Paying Agent shall also provide such successor with a copy of its records relating to the Subordinated Notes as such successor shall reasonably request. However, the Fiscal and Paying Agent may retain copies of any records turned over for archival purposes. If such successor has not been appointed by the effective date of such resignation or removal, the Fiscal and Paying Agent shall pay such money and deliver such records to the Bank with the same effect as though such payment were made pursuant to Section 3.4(b); it being understood and agreed that the Bank may undertake to perform any of the functions of the Fiscal and Paying Agent. The delivery, transfer and assignment of such moneys and records by the Fiscal and Paying Agent to its successor or the Bank, as the case may be, shall be sufficient, without the requirement of any additional act or the requirement of any indemnity to be given by the Fiscal and Paying Agent, to relieve the Fiscal and Paying Agent of all further responsibility for the exercise of the rights or the performance of the obligations vested in the Fiscal and Paying Agent pursuant to this Agreement. The Bank shall notify, or cause the Fiscal and Paying Agent to notify, each holder of Global Subordinated Notes of the appointment of any successor Fiscal and Paying Agent or the undertaking of the Bank to perform the functions of the Fiscal and Paying Agent.

Section 5.3. Successor by Merger, Etc. Any corporation or association into which the Fiscal and Paying Agent may be converted or merged, or with which it may be consolidated, or to which it may sell or transfer its corporate trust and agency business as a whole, or any corporation or association resulting from any such conversion, sale, merger, consolidation or transfer to which it is a party, shall be and become successor Fiscal and Paying Agent hereunder and shall be invested with all of the rights, powers, trusts, duties and obligations of the Fiscal and Paying Agent hereunder, without the execution or filing of any instrument or any further act. The Fiscal and Paying Agent shall provide notice to the Bank of any such conversion, merger, consolidation, sale or transfer as soon as practicable after the Fiscal and Paying Agent obtains knowledge that such event will occur or has occurred.

Section 6.1. Compensation of the Fiscal and Paying Agent. The Bank agrees to pay the Fiscal and Paying Agent compensation for all services rendered by the Fiscal and Paying Agent hereunder in such amounts as set forth in the Fee Schedule attached hereto and payable at such times as the Bank and the Fiscal and Paying Agent may agree to and to promptly reimburse the Fiscal and Paying Agent for all reasonable out-of-pocket expenses (including reasonable attorneys fees), disbursements and advances incurred or made by the Fiscal and Paying Agent in the performance of its duties hereunder. The obligation of the Bank pursuant to this Section 6.1 shall survive the termination of this Agreement, including any termination pursuant to any federal or state bankruptcy law, to the extent enforceable under applicable law.

(a) The Fiscal and Paying Agent may, at any time, request and receive an opinion of its counsel concerning its duties hereunder. The Fiscal and Paying Agent shall be free to act upon the advice contained in such opinion and shall have no liability to the Bank, the holders of the Subordinated Notes or the beneficial owners of the Global Subordinated Notes in respect of an action taken or omitted by the Fiscal and Paying Agent in good faith in reliance on a written opinion of such counsel.

Section 6.3. Subordinated Notes Held by Fiscal and Paying Agent. The Fiscal and Paying Agent, in its individual or other capacity, may become a purchaser, holder, transferor, pledgee or may otherwise own, hold or transfer any beneficial interest in any Subordinated Notes and may commence or join in any action which a beneficial owner of a Subordinated Note is entitled to take without any conflict with its responsibilities pursuant to this Agreement.

If to the Bank:	Trustmark National Bank 248 East Capitol Street Jackson, Mississippi 39201 Attention: Jonathan Rogers, Chief Investment Officer Telephone: (601) 208-6561 Telecopy: (601) 208-6670
If to the Fiscal
and Paying Agent:	The Bank of New York Trust Company, N.A. Corporate Trust Department Plaza of the Americas 600 North Pearl Street, Suite 420 Dallas, Texas 75210 Attention: John C. Stohlman Telephone: (214) 880-8238 Telecopy: (214) 880-8253

Section 6.5. Parties. Except for rights arising under Section 3.4(a), this Agreement is solely for the benefit of the parties hereto and their successors and assigns and nothing herein, express or implied, shall grant any benefit or any legal or equitable right, remedy or claim under this Agreement to any other person including, without limitation, any holder of a Subordinated Note or any beneficial owner of a Global Subordinated Note.

(i) change the Date of Maturity of any Subordinated Note, extend the time of payment on any overdue principal amount, change the coin or currency in which any Subordinated Note or the interest thereon is payable, change the definition of interest payment date contained in the Subordinated Notes, reduce the principal amount of or the rate of interest on any Subordinated Note, change the method of payment specified in the Subordinated Notes to other than wire transfer in immediately available funds, impair the right of a holder of the Subordinated Notes to institute suit for the enforcement of any payments of principal of or interest or other amounts on such Subordinated Notes or modify the subordination provisions of the Subordinated Notes in any manner adverse to the holders thereof;

(b) Upon the execution of any amendment to this Agreement under this Section 6.9 by the Bank and the Fiscal and Paying Agent, this Agreement shall be modified in accordance therewith, such amendment shall form a part of this Agreement for all purposes and each holder of Subordinated Notes theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. The Bank shall promptly transmit by mail to each holder of Subordinated Notes a notice setting forth the general terms of any amendment to this Agreement executed under this Section 6.9.

(a) Upon the occurrence of an Event of Default (as defined in the Subordinated Notes) or the curing of an Event of Default, the Bank will promptly give the Fiscal and Paying Agent written notice thereof, and the Fiscal and Paying Agent will promptly notify, by first-class mail, postage prepaid, the holders of the Subordinated Notes thereof. If an Event of Default shall occur and be continuing, the holder of a Subordinated Note, upon written notice to the Bank and the Fiscal and Paying Agent, may, at its option, declare such Subordinated Note to be, and, on the day such declaration shall have been delivered to the Bank and the Fiscal and Paying Agent, unless the Fiscal and Paying Agent shall have received written notice from the Bank that all Events of Default have been cured by the Bank prior to receipt by the Fiscal and Paying Agent of such declaration, such Subordinated Note shall become, immediately due and payable at its principal amount, together with accrued and unpaid interest thereon to the date of payment; provided, however, that to the extent then required under or pursuant to applicable regulations of the Comptroller (including, without limitation, 12 C.F.R. § 5.47) no accelerated payment may be made without the prior written approval of the Comptroller.

(b) At any time after the delivery to the Fiscal and Paying Agent of a declaration of an Event of Default and acceleration pursuant to the provisions of a Subordinated Note, the holder a Subordinated Note, by written notice evidencing its ownership interest to the Bank and the Fiscal and Paying Agent, may rescind and annul such declaration of an Event of Default and its consequences with respect to such Subordinated Note. No such rescission shall affect any subsequent Event of Default or impair any right consequent thereto.

Section 6.11. Actions Due on Saturdays, Sundays and Holidays. If any date on which a payment, notice or other action required by this Agreement falls is other than a Business Day, then that action or payment need not be taken or made on such date, but may be taken or made on the next succeeding Business Day on which the Fiscal and Paying Agent is open for business with the same force and effect as if made on such date; provided, however, that for the purposes of any such payment, the term "Business Day" shall have the meaning ascribed thereto in the Form of Global Subordinated Note attached as Exhibit A hereto.

Section 6.12. Agreement To Pay Attorneys’ Fees and Other Expenses. In the event the Bank shall default under any of the provisions of this Agreement and the Fiscal and Paying Agent shall employ attorneys or incur other expenses for the enforcement of performance or observance or any such obligation or agreement, the Bank agrees that it will on demand pay to the Fiscal and Paying Agent the reasonable fees and expenses of such attorneys and such other reasonable expenses incurred by the Fiscal and Paying Agent.

Section 6.14. No Implied Waivers. The right of any party under any provision of this Agreement shall not be affected by its prior failure to require the performance by any other party under such provision or any other provision of this Agreement, nor shall the waiver by any party of a breach of any provision hereof constitute a waiver of any succeeding breach of the same or any other provision or constitute a waiver of the provision itself or any other provision.

THIS NOTE IS ISSUABLE ONLY IN FULLY REGISTERED FORM IN MINIMUM DENOMINATIONS OF $250,000 AND INTEGRAL MULTIPLES OF $1,000 IN EXCESS THEREOF. EACH OWNER OF A BENEFICIAL INTEREST IN THIS NOTE MUST BE AN INSTITUTIONAL INVESTOR WHO IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501 UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND IS REQUIRED TO HOLD A BENEFICIAL INTEREST IN A $250,000 PRINCIPAL AMOUNT OR ANY INTEGRAL MULTIPLE OF $1,000 IN EXCESS THEREOF OF THIS NOTE AT ALL TIMES.

ANY PURCHASER, TRANSFEREE OR HOLDER OF THIS NOTE (OR ANY INTEREST HEREIN) WILL BE DEEMED TO HAVE REPRESENTED BY ITS PURCHASE AND HOLDING OF THIS NOTE THAT EITHER (A) IT IS NOT AN EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), A PLAN SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE ASSETS OF SUCH AN EMPLOYEE BENEFIT PLAN OR PLAN BY REASON OF AN EMPLOYEE BENEFIT PLAN’S OR PLAN’S INVESTMENT IN THE ENTITY (COLLECTIVELY, A “PLAN”), AND IS NOT PURCHASING THIS NOTE ON BEHALF OF OR WITH PLAN ASSETS OF ANY PLAN OR WITH ANY ASSETS OF A GOVERNMENTAL OR CHURCH PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS SUBSTANTIALLY SIMILAR TO THE PROVISIONS OF SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR (B) ITS PURCHASE, HOLDING AND DISPOSITION OF THIS NOTE ARE ELIGIBLE FOR EXEMPTIVE RELIEF OR SUCH PURCHASE, HOLDING AND DISPOSITION ARE NOT PROHIBITED BY ERISA OR SECTION 4975 OF THE CODE (OR, IN THE CASE OF A GOVERNMENTAL OR CHURCH PLAN, ANY SUBSTANTIALLY SIMILAR FEDERAL, STATE OR LOCAL LAW).

This 5.673% Subordinated Note Due December 15, 2016 (the “Security”) is registered in the name of CEDE & CO., the nominee of The Depository Trust Company (the “Depositary”), 55 Water Street, New York, New York, and may not be transferred except as a whole by the nominee of the Depositary to another nominee of the Depositary or to the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary unless and until this Security is exchanged in whole or in part for Securities in definitive form. Unless this certificate is presented by an authorized representative of the Depositary to the Corporate Trust Department of The Bank of New York Trust Company, N.A., as Fiscal and Paying Agent or any duly appointed successor Fiscal and Paying Agent (the “Fiscal and Paying Agent”), and any certificate issued is registered in the name of Cede & Co. or such other name as is requested in writing by an authorized representative of the Depositary (and any payment is made to Cede & Co. or to such other entity as is requested in writing by an authorized representative of the Depositary), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE OR TO ANY PERSON IS WRONGFUL, inasmuch as the registered owner hereof, Cede & Co., has an interest herein.

Trustmark National Bank (the “Bank”), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the principal amount of FIFTY MILLION DOLLARS ($50,000,000) on December 15, 2016 (the “Date of Maturity”) and to pay interest from December 13, 2006, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, at the rate of 5.673% per annum (calculated on the basis of a 360-day year of twelve 30-day months), on the unpaid principal hereof until said principal amount has been paid in full or duly made available for payment, semiannually in arrears on June 15 and December 15 of each year, commencing June 15, 2007, and on the Date of Maturity (each, an “Interest Payment Date”). Payments will include interest accrued to (but excluding) the relevant Interest Payment Date. All payments on this Security shall be applied first to accrued interest and the balance, if any, to principal.

If the Date of Maturity or any other Interest Payment Date falls on a day that is not a Business Day (as defined below), the related payment shall be made on the next succeeding Business Day with the same force and effect as if made when such payment was due and no interest shall accrue on the amount so payable for the period from and after such Date of Maturity or Interest Payment Date, as the case may be. The term “Business Day” means any day that is not a Saturday or Sunday and that is not a day on which banks in the City of New York, New York, are generally authorized or required by law to be closed.

1. This Security is one of a duly authorized issue of Securities of the Bank, designated as its “5.673% Subordinated Notes Due December 15, 2016” (each a “Security”, and collectively, the “Securities”), initially limited in aggregate principal to $50,000,000. The Bank, without the consent of the Holders (as defined below) hereof, may issue additional Securities and thereby increase such aggregate principal amount in the future, on the same terms and conditions (except for issue date and offering price) and with the same CUSIP number as this Security. The Bank, for the benefit of the holders from time to time of the Securities (collectively, the “Holders”), has entered into a Fiscal and Paying Agency Agreement, dated as of December 13, 2006 (as the same may be amended, supplemented or otherwise modified from time to time, the “Fiscal and Paying Agency Agreement”), between the Bank and the Fiscal and Paying Agent. Reference is hereby made to the Fiscal and Paying Agency Agreement (copies of which are on file and available for inspection during normal business hours at the offices of the Fiscal and Paying Agent at The Bank of New York Trust Company, N.A., Plaza of the Americas, 600 North Pearl Street, Suite 420, Dallas, Texas 75201, telephone: (214) 880-8238, telecopy: (214) 880-8253, Attention: Corporate Trust Department, or at such other place or places as the Fiscal and Paying Agent shall designate by notice to the Holder in whose name this Security is registered on the Security Register (as defined in Section 3 of this Security)), for a statement of the further rights of the Holders and the further rights, limitations of rights, duties and indemnities thereunder of the Bank and the Fiscal and Paying Agent and of the terms upon which the Securities are, and are to be, authenticated and delivered.

Payment of the principal, premium, if any, and interest payable on the Date of Maturity will be made by wire transfer in immediately available funds to a bank account in the United States designated by the Holder, upon presentation and surrender of this Security at the office of the Fiscal and Paying Agent in New York, New York or at such other place or places as the Fiscal and Paying Agent shall designate by notice to the Holder, provided that this Security is presented to the Fiscal and Paying Agent in time for the Fiscal and Paying Agent to make such payments in such funds in accordance with its normal procedures. Payments of interest (other than interest payable on the Date of Maturity) shall be made by wire transfer in immediately available funds to a bank account in the United States designated by the Holder in a written notice received by the Fiscal and Paying Agent not later than the applicable Record Date (as defined below). Interest payable on any Interest Payment Date shall be payable to the Holder in whose name this Security is registered at the close of business on June 1 or December 1, as the case may be (whether or not a Business Day), next preceding such Interest Payment Date (each such date being referred to herein as a “Regular Record Date”), notwithstanding the subsequent cancellation of this Security prior to or on such Interest Payment Date, except that interest not so punctually paid or duly made available to the Fiscal and Paying Agent for payment, if any, will be paid to the Holder in whose name this Security is registered at the close of business on a Special Record Date fixed by the Bank (a “Special Record Date”) notice of which shall be given to the Holder not less than 10 calendar days prior to such Special Record Date. (The Regular Record Date and Special Record Date are referred to herein collectively as “Record Date”.) To the extent permitted by applicable law, interest shall accrue, at the rate at which interest accrues on the principal of this Security, on any amount of principal of or interest on this Security not paid when due. All payments on this Security shall be applied first to accrued interest and the balance, if any, to principal.

2. Payments of principal of and interest on this Security shall be made in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts. Until the date on which all of the Securities shall have been surrendered or delivered to the Fiscal and Paying Agent for cancellation or destruction, or become due and payable and a sum sufficient to pay the principal of and interest on all of the Securities shall have been made available for payment and either paid or returned to the Bank as provided herein and in the Fiscal and Paying Agency Agreement, the Fiscal and Paying Agent shall at all times maintain an office or agency in New York, New York, where Securities may be presented or surrendered for payment; provided that, any successor Fiscal and Paying Agent appointed by the Bank as permitted by Section 9 of this Security, or the Bank upon undertaking the performance of the functions of Fiscal and Paying Agent, shall not be required to maintain an office in New York, New York but shall be required to maintain an office or agency the location of which shall be communicated promptly to the Holder of this Security.

3. Except as otherwise provided on the face of this Security, this Security is transferable in whole or in part, and may be exchanged for a like aggregate principal amount of Securities of other authorized denominations, by the Holder in person, or by his attorney duly authorized in writing, at the office of the Fiscal and Paying Agent in New York, New York. The Fiscal and Paying Agent shall maintain a register providing for the registration of the Securities and any exchange or transfer thereof (the “Security Register”). Upon surrender or presentation of this Security for exchange or registration of transfer, the Bank shall execute and the Fiscal and Paying Agent shall authenticate and deliver in exchange therefor a Security or Securities, each in a denomination of $250,000 or any amount in excess thereof which is an integral multiple of $1,000 which has or have an aggregate denomination equal to the denomination of this Security and is or are registered in such name or names requested by the Holder. Any Security presented or surrendered for registration of transfer or for exchange shall (if so required by the Fiscal and Paying Agent) be duly endorsed, or accompanied by a written instrument of transfer with such evidence of due authorization and guarantee of signature as may reasonably be required by the Fiscal and Paying Agent in form satisfactory to the Fiscal and Paying Agent, duly executed by the Holder or his attorney duly authorized in writing, and with such tax identification number or other information for each person in whose name a Security is to be issued as the Fiscal and Paying Agent may reasonably request to comply with applicable law. No exchange or registration of transfer of this Security shall be made on or after the fifteenth day immediately preceding the Date of Maturity.

Prior to due presentment of this Security for registration of transfer, the Bank, the Fiscal and Paying Agent and their respective agents may treat the Holder in whose name this Security is registered in the Security Register as the absolute owner of this Security for the purpose of receiving payments of principal of and interest on this Security and for all other purposes whatsoever, whether or not this Security be overdue, and the Bank and the Fiscal and Paying Agent shall not be affected by any notice to the contrary.

6. The indebtedness of the Bank evidenced by this Security, including principal and interest, is unsecured and subordinate and junior in right of payment to the Bank’s obligations to its depositors, its obligations under bankers’ acceptances and letters of credit, its obligations to any Federal Reserve Bank or the Federal Deposit Insurance Corporation (“FDIC”) and its obligations to its other creditors, and to any rights acquired by the FDIC as a result of loans made by the FDIC to the Bank or the purchase or guarantee of any of its assets by the FDIC pursuant to the provisions of 12 U.S.C. Section 1823(c), (d) or (e), in each case whether outstanding at the date of this Security or hereafter incurred (except any obligations which expressly rank on a parity with or junior to this Security). In the case of any insolvency proceedings, receivership, conservatorship, reorganization, readjustment of debt, marshalling of assets and liabilities or similar proceedings or any liquidation, dissolution or winding-up of the Bank, whether voluntary or involuntary, all such obligations, except obligations which expressly rank on a parity with or junior to this Security, shall be entitled to be paid in full before any payment shall be made on account of the principal of, or interest on, this Security. In the event of any such proceeding, after payment in full of all sums owing with respect to such prior obligations, the Holder of this Security, together with the holders of any obligations of the Bank ranking on a parity with this Security, shall be entitled to be paid from the remaining assets of the Bank, the unpaid principal of, and the unpaid interest on, this Security or such other obligations before any payment or other distributions whether in cash, property or otherwise shall be made on account of any capital stock or any obligations of the Bank ranking junior to this Security. Nothing herein shall impair the obligation of the Bank, which is absolute and unconditional, to pay the principal of and any interest on this Security in accordance with its terms.

7. Notwithstanding any other provisions of this Security, including specifically those set forth in the sections relating to subordination, events of default and covenants of the Bank, it is expressly understood and agreed that the Office of the Comptroller of the Currency (the “Comptroller”) or any receiver or conservator of the Bank appointed by the Comptroller shall have the right in the performance of his legal duties, and as part of any transaction or plan of reorganization or liquidation designed to protect or further the continued existence of the Bank or the rights of any parties or agencies with an interest in, or claim against, the Bank or its assets, to transfer or direct the transfer of the obligations of this Security to any national banking association, state bank or bank holding company selected by such official which shall expressly assume the obligation of the due and punctual payment of the unpaid principal, interest and premium, if any, on this Security and the due and punctual performance of all covenants and conditions hereof; and that the completion of such transfer and assumption shall serve to supersede and void any default, acceleration or subordination which may have occurred, or which may occur due or related to such transaction, plan, transfer or assumption, pursuant to the provisions of this Security, and shall serve to return the Holder to the same position, other than for substitution of the obligor, it would have occupied had no default, acceleration or subordination occurred; except that any interest and principal previously due, other than by reason of acceleration, and not paid shall, in the absence of a contrary agreement by the Holder of this Security, be deemed to be immediately due and payable as of the date of such transfer and assumption, together with the interest from its original due date at the rate provided for herein.

8. All notices to the Bank under this Security shall be in writing and addressed to the Bank at 248 East Capitol Street, Jackson, Mississippi 39201, Attention: Chief Investment Officer, or to such other address as the Bank may notify to the Holder. All notices to the Fiscal and Paying Agent shall be in writing and addressed to the Fiscal and Paying Agent at the office of the Fiscal and Paying Agent at The Bank of New York Trust Company, N.A., Plaza of the Americas, 600 North Pearl Street, Suite 420, Dallas, Texas 75201, telephone: (214) 880-8238, telecopy: (214) 880-8253, Attention: Corporate Trust Department. All notices to the Holder shall be in writing and sent by first-class mail to the Holder at his or its address as set forth in the Security Register.

9. In acting under the Fiscal and Paying Agency Agreement, the Fiscal and Paying Agent is acting solely as the agent of the Bank and does not have any fiduciary duties to, and does not assume any obligation or relationship of agency or trust, with the Holder except money deposited with the Fiscal and Paying Agent will be held on behalf of the Holders until disbursed to the Holders, except as provided in the Fiscal and Paying Agency Agreement. Under the terms of the Fiscal and Paying Agency Agreement, the Bank may remove any Fiscal and Paying Agent and appoint a new Fiscal and Paying Agent in respect of the Securities, or may remove any Fiscal and Paying Agent and undertake to perform at the Bank any or all of the functions of the Fiscal and Paying Agent under the Fiscal and Paying Agency Agreement. The Bank shall notify, or cause the Fiscal and Paying Agent to notify, the Holder of this Security of the appointment of any successor Fiscal and Paying Agent or the undertaking of the Bank to perform at the Bank the functions of the Fiscal and Paying Agent.

12. If an Event of Default shall occur and be continuing, the Holder may, at its option, by written notice to the Bank and the Fiscal and Paying Agent, declare this Security to be, and on the day such declaration shall have been delivered to the Bank and the Fiscal and Paying Agent, unless the Fiscal and Paying Agent shall have received notice from the Bank that all Events of Default have been cured by the Bank prior to receipt by the Fiscal and Paying Agent of such declaration, such Security shall become, immediately due and payable at its principal amount, together with accrued and unpaid interest thereon to the date of payment; provided, however, that to the extent then required under or pursuant to applicable regulations of the Comptroller (including, without limitation, 12 C.F.R. § 5.47) no accelerated payment may be made without the prior written approval of the Comptroller.

14. The Bank shall not consolidate with or merge into any other person or convey, transfer or lease its properties and assets substantially as an entirety to any person, unless (a) the person formed by such consolidation or into which the Bank is merged or the person which acquires by conveyance or transfer, or which leases, the properties and assets of the Bank substantially as an entirety shall be a corporation, partnership or other entity organized and validly existing under the laws of the United States of America, any State thereof or the District of Columbia and shall expressly assume, by a supplement to this Security, the due and punctual payment of the principal of and any premium and interest on this Security and the performance or observance of every provision of this Security on the part of the Bank to be performed or observed and (b) immediately after giving effect to such transaction, no Event of Default or nonpayment as described in Section 13 of this Security, and no event which, after notice or lapse of time or both, would become such an Event of Default or nonpayment, shall have happened and be continuing.

15. The Fiscal and Paying Agency Agreement provides that the Bank and the Fiscal and Paying Agent may amend the Fiscal and Paying Agency Agreement, including amendments to the terms of the Securities designed to cure ambiguities, defects or inconsistencies, without the consent of the Holders of the Securities, except that the consent of all Holders of Securities is required in order to change the Date of Maturity of any Security, to extend the time of payment on any overdue principal amount, to change the coin or currency in which any Security or the interest thereon is payable, to change the definition of Interest Payment Date, to reduce the principal amount of or rate of interest on any Security, to change the method of payment to other than wire transfer in immediately available funds, to impair the right of the Holder of this Security to institute suit for the enforcement of payments of principal of or interest or other amounts on the Securities, to modify the subordination provisions of the Securities in any manner adverse to the Holders of Securities, to reduce the percentage in principal amount of Securities outstanding the consent of whose Holders is required to amend the Fiscal and Paying Agency Agreement or the Securities or to modify the provisions of the Fiscal and Paying Agency Agreement governing the amendment thereof and of the Securities. If the consent of the Holders of Securities is required, the Bank and the Fiscal and Paying Agent shall request such consent and will deliver to each Holder of Securities an explanation of such amendment and the terms thereof. It shall not be necessary for the Holders of Securities to approve the precise form of any proposed amendment.

16. No reference herein to the Fiscal and Paying Agency Agreement and no provision of this Security shall alter or impair the obligation of the Bank, which is absolute and unconditional, to pay the principal of and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. No failure or delay on the part of the Holder in exercising any right under this Security shall operate as a waiver of, or impair, any such right. No waiver of any such rights shall be effective unless given in writing.