This letter is to inform you that Anthony Porco and Rosewood Developers has been a customer of Signature Bank for the past ten years and I have been his account/lending officer for the past three years. During the course of this relationship, the bank has financed numerous development projects and maintains 11 permanent mortgage loans with Rosewood and its affiliates. All credit and deposit accounts have consistently performed as agreed. Mr. Porco’s reputation as a builder of high-end residences of the finest quality is well known. It is the desire of the undersigned and the bank to continue to expand upon this relationship.