BASSWOOD CAPITAL MANAGEMENT, L.L.C.

Basswood Capital Management, L.L.C., is an investment advisory firm with its principal place of business in New York, New York. The firm is organized as a Delaware limited liability company and commenced business in 1998. The principal owners of the firm are Bennett Lindenbaum and Matthew Lindenbaum. Basswood serves as investment adviser to private investment funds and separately managed accounts, providing discretionary investment advisory services. While they do not currently manage non-discretionary accounts, they may advise such accounts from time to time. These funds and separate accounts are collectively referred to as "accounts" in the brochure.

The primary investment strategies aim to generate long-term capital appreciation by investing in a select number of investments on both a long and short basis. These strategies employ a value-oriented and opportunistic approach, utilizing fundamental research and analysis to identify undervalued or overvalued investments. The firm manages accounts using these "primary strategies," with a focus on equity securities, including strategies specifically targeting the U.S. and European financial services sectors. Some accounts, particularly long-only funds, may restrict short selling. The Co-investment Strategy focuses on holding securities of a single or a limited number of issuers. A security becomes a co-investment opportunity only if it is held or intended to be held in primary strategy accounts, reaches its desired allocation in those accounts, and there is still available capacity to make additional investments for co-investment clients. The investment objective may vary for each co-investment account and position, with the intention of holding the assets until a Liquidity Event, at which point the position will generally be sold and the proceeds distributed.

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