Dear shareholders, clients, colleagues, and other readers,

On behalf of Indus American Bank, I would like to welcome you to what I am confident will be a long-lasting relationship. Established in 2005, Indus American Bank has grown to be a leading commercial bank that caters to South Asian Americans. The Bank’s vision is comprised of offering high quality financial products and personalized services to the community. Indus American Bank has a mission to serve the community in a professional and personal matter. Our core philosophy is that of quality customer service. IAB strives to provide a friendly and proficient staff that is eager to assist our customers in meeting their financial goals and upholding their trust. Despite our short history, Indus American Bank has achieved great success. Although there are many challenges in the banking industry, we are hopeful to tackle them with the strong leadership qualities and creative talents that our team possesses. Even in these difficult fiscal times, IAB is determined to refine its services, making them more efficient and thereby allowing growth of not only the bank, but also of the resources available to our valued customers. Indus American Bank has accomplished a substantial rise each year, maintaining a double-digit growth in its loans and deposits. The assets alone speak for itself, reaching over $150 million since the Bank’s opening.

I am proud to be a part of such a positive community that continues to thrive each year. The geographic expansion from its headquarters in Iselin, New Jersey to branches in Parsippany, NJ, Jersey City, NJ, and most recently, Hicksville, NY have demonstrated not only IAB’s economic strength, but also the satisfaction and appreciation from its clients and shareholders.

Without the support and enthusiasm of the community and its members, IAB would not have achieved the level of success that it has today. I look forward to working with Indus American Bank to take it to even greater heights and strengthen our relationship with the community for years to come.

Sincerely yours,

Bipin Patel

Chairman, Indus American Bank