Estate of Pearl I. Amlie, Deceased, Rodney B. Amlie, Executor - Page 5

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               During the conservatorship, decedent's prospective heirs7              
          had frequent acrimonious disputes with respect to her assets.               
          The prospective heirs other than Rod generally distrusted Rod,              
          whom they considered responsible for the FDIC's forced closure of           
          one of the banks decedent owned and Rod had managed.  The                   
          disputes among the prospective heirs often involved small                   
          matters, such as appropriate reimbursements each should receive             
          for travel to visit decedent, use of decedent's lake house, and             
          one prospective heir's purportedly causing the conservatorship to           
          pay his drycleaning bills.  In the conservator's opinion, these             
          disputes were highly contentious in view of the amounts involved.           
          Decedent's Bank Stock                                                       
               At the time decedent executed her will the stock to be                 
          bequeathed consisted of both common and preferred shares of Agri-           
          Bank Corp. (Agri-Bank), Farmers National Bank of Webster City,              
          Iowa, and Commercial State Bank of Pocahontas, Iowa.  At some               
          time prior to the appointment of her conservator, decedent's                
          Farmers National Bank of Webster City stock was exchanged for               
          additional shares of Agri-Bank stock, and Commercial State Bank             
          of Pocahontas ceased to exist (having been ordered closed by the            
          FDIC).  When decedent's conservator filed the initial report and            


               7  All references to decedent's "prospective heirs" include            
          her surviving children, Rosemary Ahlerich and Rod Amlie, and her            
          deceased son Thomas's adult children, Susan Wendel and Thomas               
          Robert Amlie.                                                               





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