BSPRT Finance

Established in 1986, Mitsubishi UFJ Trust & Banking Corporation (U.S.A.) offers various investment and lending solutions for individuals and business owners. Its range of products includes loans, corporate trusts, bonds and stocks. The company provides custody and asset management services. Mitsubishi UFJ Trust & Banking Corporation (U.S.A.) collects dividends from securities on clients behalf. It utilizes online data services from several information companies and offers securities status reports. The company also monitors and manages transaction risks through specific control systems. Mitsubishi UFJ Trust & Banking Corporation (U.S.A.) is a part of Mitsubishi UFJ Trust and Banking Corporation, which is an asset management company.

Steel Partners Holdings operates in niche banking markets through its subsidiary, WebBank. WebBank is a state chartered industrial loan corporation that provides commercial and consumer specialty finance services. WebBank focuses primarily on the United States Department of Agriculture business and industry lending and fee for service lending. WebBank also offers a limited range of deposit products. All of its deposit products, with the exception of certificates of deposit, are with business customers. During the year ended Dec. 31, 2004, WebBank suspended its accounts receivable factoring activities. Accounts receivable factoring had constituted WebBank's principal line of business.