Mr. Fergus Murphy:

I responded by entering into discussions with their chairman and their CEO, and doing some mutual basic due diligence of each other's portfolios. My sense on that was that, other things being equal, ceteris paribus, which ultimately they weren't, it would be good if the country could maintain a mutual in the financial services domain. In that regard, I would have clearly seen EBS as being the leader of that potential mutual, or arrangement. It became fairly clear very quickly in those generic discussions, that the balance sheet of INBS was not in a state that one could recommend to one's board or one's members that there would be a co-joining of the two societies.