KEOSAUQUA, Iowa and OLYMPIA, Wash., Dec. 21, 2004 (PRIMEZONE) -- Community First Bank today announced its selection of ET Financial Services to provide market-leading consumer loan origination and servicing. The bank expects to introduce ET's system shortly after the New Year.
"Community First Bank is growing fast to meet our customer's evolving needs," commented George E. Manning, Community First Bank's Executive Vice President. "We take a progressive approach, offering our customers the convenience of Internet banking. Now they can also research automobile purchases and apply for our competitively priced loans from the comfort of their homes. Of course, we welcome them in our branches as well.
"Come January we will be able to process and approve a customer's loan request quickly and efficiently," Mr. Manning added, "creating a very positive experience and enriching our relationship with them."
About Community First Bank
Community First Bank is the product of a merger between two locally owned banks with offices in Van Buren and Davis County, Iowa. In its earliest form Community First Bank has served the area since 1930. Today Community First Bank operates five branches with 34 employees.
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. ET guarantees that its client banks will increase their net earnings at least 20%. 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.