Stephenson National Bank retained the services of Robert E. Lee & Associates to conduct a Phase I Environmental Site Assessment (ESA) for a property in the City of Oconto. The purpose of the Phase I ESA is to provide information regarding recognized environmental conditions (RECs) that could affect soil and groundwater quality at the property so a level of liability can be estimated. The Phase I ESA was conducted in general conformance with the requirements of American Society for Testing and Materials Designation: E 1527-05 Phase I Environmental Site Assessment Process. The Phase I ESA included reviewing standard federal, state, and tribal environmental records; standard historical records; and conducting interviews to investigate past and current land use at the Property and/or adjacent properties. Robert E. Lee & Associates personnel also inspected the Property to identify and record RECs. The assessment revealed no direct evidence of recognized environmental conditions in connection with the Property.