American Business Financial Services Appoints Businessman and Physician Jerome Miller, D.O. To Board of Directors.Business Editors BALA CYNWYD, Pa--(BUSINESS WIRE)--Feb. 12, 2002 At its February meeting, the Board of Directors of American Business Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ABFI) voted to increase the size of its Board to six, and approved the appointment of Jerome Miller, D.O, to serve as the additional member of the Board, effective immediately. Dr. Miller comes to ABFI's Board with a broad financial services background, having served on the board of directors of the Philadelphia Financial Group and American Guardian Life Assurance Company, where he also served as vice president and medical director. In addition, he was a vice president and board member of the Philadelphia Professional Standards Review Organization. Dr. Miller also founded and managed a large successful general practice. Currently, he is medical director of GE Financial Assurance Co. An accomplished educator, Dr. Miller has been an instructor at the Philadelphia College of Osteopathic Medicine osteopathic medicine n. See osteopathy. and Allegheny University. He now teaches at the University of Pennsylvania's School of Nursing, and is active in community and professional organizations including the American Academy The American Academy in Berlin is a non-partisan academic institution in Berlin. It was founded in September 1994 by a group of prominent Americans and Germans, among them Richard Holbrooke, Henry Kissinger, Richard von Weizsäcker, Fritz Stern and Otto Graf Lambsdorff and opened in of Life Insurance Medicine, Lamda Omicron Gamma (a medical fraternity), the Philadelphia County Osteopathic os·te·op·a·thy n. A system of medicine based on the theory that disturbances in the musculoskeletal system affect other bodily parts, causing many disorders that can be corrected by various manipulative techniques in conjunction with conventional Medical Society, and the Osteopathic Medical Association. "We are very fortunate to have added a person of Dr. Miller's caliber to our Board," said Anthony J. Santilli, Chairman and Chief Executive Officer of ABFI. "He is a long-term shareholder of ABFI. In addition, the breadth and depth of his experience as both a successful businessperson and physician is well-established, and I look forward to him bringing his unique perspective to the Company." American Business Financial Services, Inc. is a diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services company operating throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Company originates business purpose loans and first and second mortgage loans through a combination of channels, including a national processing center located at its centralized operating office in Bala Cynwyd, Pennsylvania Bala Cynwyd is a village in Lower Merion Township which is located in the Main Line in southeastern Pennsylvania, bordering the western edge of Philadelphia. It was originally two separate towns, Bala and Cynwyd, but is commonly treated as a single community. , and a retail branch network of offices. For further information, contact Keith Bratz, VP--Corporate Communications, 610-617-7475. Certain statements contained in this press release, which are not historical fact, may be deemed to be forward-looking statements under federal securities laws. There are many important factors that could cause American Business Financial Services, Inc. and its subsidiaries' actual results to differ materially from those indicated in the forward-looking statements. Such factors include, but are not limited to, general economic conditions, including interest rate risk, future residential real estate values, regulatory changes (legislative or otherwise) affecting the real estate market and mortgage lending activities, competition, demand for American Business Financial Services, Inc. and its subsidiaries' services, availability of funding, loan payment rates, delinquency and default rates, changes in factors influencing the loan securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. market and other risks identified in American Business Financial Services, Inc.'s Securities and Exchange Commission filings. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion