Merchants & Marine Bancorp, Inc.

Merchants & Marine Bancorp, Inc. operates as a one-bank holding company, conducting all its banking business through its wholly-owned subsidiary, Merchants & Marine Bank. The Company was incorporated on February 5, 2008, and acquired 100% of the Bank's capital stock on April 24, 2008. Merchants & Marine Bank is a state-chartered bank organized under Mississippi law, providing a full range of banking services to individuals, partnerships, corporations, and governmental agencies. The Bank's services include checking accounts, savings accounts, individual retirement accounts, certificates of deposit, and personal, commercial, and mortgage loans. Additional services offered are direct deposit of government checks, sale of traveler's checks, night deposit boxes, drive-up and remote teller facilities, automated teller machines, and safe deposit boxes. As of March 15, 2012, the Company employed approximately 144 full-time equivalent employees across its thirteen offices. Most of its customers are located within Jackson and George Counties, Mississippi, and Baldwin and DeKalb Counties in Alabama. The Company's principal executive office is at 3118 South Pascagoula Street, Pascagoula, Mississippi.