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Countrywide Bank

Countrywide Bank announces expansion plans.

THOUSAND OAKS, California., Dec. 14th.Countrywide Bank, a division of Treasury Bank, N.A., today announced its continued national expansion with the opening of a new financial centre in Cherry Creek, Colorado. Further solidifying the company's presence in the Denver area, this opening complements the Lakewood and Littleton centres, which launched in September. The Cherry Creek financial centre is located at 2930 East Third Avenue.

"Denver-area residents have been very responsive to our superior rates on CDs and money market accounts as well as access to free professional counselling from banking experts," said James S. Furash, president of Countrywide Bank. "The Cherry Creek financial centre opening illustrates our confidence in the continued success of our operations in the Colorado market."

Ranked among the top one percent of all banks in the nation*, Countrywide Bank's distinctive business model, which leverages parent company Countrywide Financial Corporation's existing infrastructure, has proven successful. The unique low-overhead strategy of providing small, expertly staffed financial centres 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**.

Countrywide Bank is a member of the Countrywide Financial Corporation family of companies, which includes Countrywide Home Loans, the nation's largest mortgage lender and mortgage service provider. The company's mortgage lending division has an established history of helping Denver-area residents achieve the dream of homeownership. This long-term experience and trusted history makes Countrywide Bank exceptionally primed to serve the specific needs of local consumers.

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 Bank's innovative financial centres offer access to free professional counselling from banking experts. In addition, customers can check today's 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/.

About Countrywide Bank

Countrywide Bank, a division of Treasury Bank, N.A., is a member of the Countrywide Financial Corporation family of companies. Countrywide Bank offers highly competitive rates on certificates of deposit, money market and individual retirement accounts. Countrywide Bank consistently earns the Top Tier Award from Bankrate.com(R) for offering deposit products having relatively high annual percentage yields (APYs) compared to other institutions during the same quarter. 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 centres. For more information about Countrywide Bank, call 1-877-CWBANK-5 or visit http://www.countrywidebank.com/. Member FDIC. Equal Housing Lender.

Important notices

*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.

Countrywide Bank

CONTACT: Amber Cousins, or Tara Rio, both for Countrywide Bank,+1-800-796-8448, pressroom@countrywide.com

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