BAINBRIDGE ISLAND, SEATTLE, and OLYMPIA, Wash., Oct. 14, 2004 (PRIMEZONE) -- Today American Marine Bank announced its selection of ET Financial Services to provide the bank with its market-leading consumer loan origination systems and servicing infrastructure. American Marine is the first bank in the Puget Sound area to partner with ET. The bank expects to release the new system to customers before the year-end.
"We have a proud history of serving the needs of our customers, communities and employees," said Rex Townsend, President and Chief Executive Officer of American Marine Bank. "Our customers are our neighbors and now more than ever we're working to provide them with products that make their lives better. Our partnership with ET will enable American Marine Bank to offer more services and even better consumer loan pricing to our customers.
"We are excited that we will be able to approve most consumer loans in just seconds, either in our lobbies or 24/7 across our website," Mr. Townsend added. "Leadership in service is central to our business strategy. We're delighted to partner with ET to offer better, faster service to our customers."
About American Marine Bank
Established in 1948, American Marine Bank has provided banking services to its neighbors and friends for the past 56 years. The bank recently announced expansion of its banking office system into Sequim, Port Angeles and Port Townsend through a partnership with Safeway, Inc. American Marine Bank is a wholly owned subsidiary of AMB Financial Services Corporation with seven banking and two lending locations throughout Seattle and the Kitsap and Olympic Peninsulas. The Home Office is located at 249 Winslow Way East, Bainbridge Island, WA. For more information call Judy Thorpe at (206) 855-8563.
About Enhanced Technology Financial Services, Inc.
ET Originates, Services, Collects and Reports on private label consumer loans for community and mid-sized banks using its proprietary OSCAR system and team. By combining ET's risk-related pricing and best-in-industry servicing, ET's client banks generate higher margins and more volume with lower risk and less volatility, simultaneously. The Washington Independent Community Bankers Association recently endorsed ET to its member banks. Headquartered in Olympia, Washington, ET markets its services to banks with assets up to $20 billion.