Countrywide Brings Innovative Banking Model to Denver Area

- New Financial Centers Open in Lakewood and Littleton -

Sep 17, 2004, 01:00 ET from Countrywide Bank

    THOUSAND OAKS, Calif., Sept. 17 /PRNewswire/ -- 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 Bank's 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 don't 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
 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 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 Bank's professional staff, the
 centers are located at:
      -  Lakewood -- 7740 West Alameda Avenue
      -  Littleton -- 2030 East County Line Road, Unit C
     Countrywide Bank is a member of the Countrywide Financial Corporation
 family of companies, which includes Countrywide Home Loans.  The company's
 mortgage lending division has been helping area residents achieve the dream of
 homeownership for decades.  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 centers offer access to free
 professional counseling 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,
     For information about employment opportunities with Countrywide, visit
     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 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  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.

SOURCE Countrywide Bank