J. David Motley Promoted to President of Colonial Savings' Mortgage Production Divisions

May 10, 2006, 01:00 ET from Colonial Savings F.A.

    FORT WORTH, Texas, May 10 /PRNewswire/ -- James E. DuBose, President
 and Chief Executive Officer of Colonial Savings, today announced the
 promotion of J. David Motley to President of the company's mortgage
 production divisions. Previously Executive Vice President, Motley will
 continue to oversee national operations of retail and wholesale mortgage
 production for Colonial National Mortgage, CU Members Mortgage, which
 provides mortgage origination capabilities to more than 600 credit unions
 in the U.S., and Community Bankers Mortgage, which provides community banks
 with mortgage programs and servicing. He will also have responsibility for
 construction lending, underwriting, loan closing, and information
 technology, as well as the Home Loan Center, a retail call center serving
 homebuyers nationwide.
     (Photo: http://www.newscom.com/cgi-bin/prnh/20060510/DAW046 )
     Motley has more than 25 years of mortgage production management
 experience and has been with Colonial Savings for the past 15 years. A
 graduate of the University of Texas at Austin with a B.A. in economics, he
 also attended the Graduate School of Mortgage Banking, earning the
 designation of Certified Mortgage Banker. Motley serves on the board of the
 Texas Mortgage Bankers Association where he is Secretary/Treasurer elect.
     He is also past president of the Fort Worth Mortgage Bankers
 Association and is a frequent speaker at mortgage industry events.
     About Colonial Savings
     Founded in 1952, Colonial Savings F.A. is a comprehensive financial
 services corporation headquartered in Fort Worth, Texas, and is one of the
 largest servicers of mortgage loans in the nation with a servicing
 portfolio of more than $10 billion. Its primary business channels are all
 designed to complement the mortgage origination operation. Colonial
 National Mortgage provides retail loan origination services to borrowers,
 builders and realtors, as well as mortgage brokers. Its credit union
 division, CU Members Mortgage, provides mortgage services to more than 600
 credit unions nationwide. Colonial Savings also operates seven depository
 branches throughout the Dallas-Fort Worth Metroplex, providing full service
 banking and consumer loan products. The company is also affiliated with
 Colonial Life Insurance Company of Texas, Colonial Lloyds, and DuBose and
 Associates Insurance. With assets of $1.1 billion, Colonial Savings, F.A.
 is privately held and has been awarded a Five Star Rating from Bauer
 Financial, Freddie Mac's Servicing Hall of Fame Award, Fannie Mae's
 "Excellence in Servicing" award, and the Department of Housing and Urban
 Development's "Best Practice" award.

SOURCE Colonial Savings F.A.