Countrywide Brings Innovative Banking Model to Denver Area

Countrywide Bank, a division of Treasury Bank, N.A., is opening its first financial centers in the state of Colorado -- Lakewood, 7740 West Alameda Avenue, and Littleton, 2030 East County Line Road, Unit C. The new financial centers will provide area residents with easy access to high deposit rates as well as personalized financial expertise from Countrywide Banks professional staff.

THOUSAND OAKS, CA (PRWEB) September 19, 2004 -- Countrywide Bank, a division of Treasury Bank, N.A., today announced its continued national expansion with the opening of its first financial centers in the state of Colorado. The new centers, located in Lakewood and Littleton are the latest representation of the Banks proven economic model, which leverages existing home loan infrastructure to establish financial centers that offer sought after high-rate deposit products.

"We have created a cost-effective delivery channel to offer consumers what they value most -- consistently high rates on savings and deposit products and personalized customer service," said James S. Furash, Countrywide Bank president. "Now Denver area residents dont have to hunt around for the best rates, they can take comfort in knowing that Countrywide Bank will consistently offer the top rates in the country."

Ranked among the top one percent of all banks in the nation*, Countrywide Banks distinctive business model, which leverages parent company Countrywide Financial Corporations existing infrastructure, has proven successful. The unique low-overhead strategy of providing expertly staffed financial centers instead of large, costly, traditional bank branches helps pass the savings on to consumers in the form of higher rate CDs and other savings products.

Providing area residents with easy access to high deposit rates as well as personalized financial expertise from the Banks professional staff, the centers are located at:

Countrywide, through its family of companies, offers consumers diverse products, including high-rate CDs, money market and retirement accounts, as well as home loans and quality investment and insurance products.**

Countrywide Banks innovative financial centers offer access to free professional counseling from banking experts. In addition, customers can check todays rates, access account information and open new accounts via telephone at 1-877-CWBANK-5 or by visiting the Countrywide Bank Web site, http://www.countrywidebank.com . For information about employment opportunities with Countrywide, visit http://www.countrywidecareers.com

About Countrywide Bank
Countrywide Bank, a division of Treasury Bank, N.A., is a member of the Countrywide Financial Corporation (NYSE: CFC) family of companies. Countrywide Bank has received the most recent Top Tier Award from Bankrate.com® for offering deposit products having relatively high annual percentage yields (APYs) compared to other institutions during the same quarter. Countrywide Bank offers highly competitive rates on certificates of deposit, money market and individual retirement accounts. Customers can review banking products and services, check rates on deposits, and apply for new accounts by phone, online, or at one of the financial centers. For more information about Countrywide Bank, call 1-877-CWBANK-5 or visit www.countrywidebank.com. Member FDIC. Equal Housing Lender.

*Based on current assets and other banking data reported to the Federal Deposit Insurance Corporation (FDIC) quarterly.
** Investment and insurance products are not deposits, not FDIC insured, not guaranteed by any bank, not insured by any Federal Government agency and may lose value.

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CONTACTS:    

Corporate: Amber Cousins or Tara Rio, 800-796-8448, pressroom@countrywide.com                

In Denver: Maggie Holben, 303-984-9801 or 303-669-3558, maggie@absolutelypr.com