American Residential Appoints Two New Members to Board Of Directors.Business Editors SAN DIEGO--(BUSINESS WIRE)--Feb. 12, 2004 American Residential Investment Trust, Inc. (Amex(R): INV INV abbr. in vitro fertilization ), the parent company of American Mortgage Network (AmNet), a wholesale mortgage bank serving mortgage brokers nationwide, today reported that it appointed Robert T. Barnum and Robert A. Gunst to its board of directors, effective immediately. This expands American Residential's board to nine members. Commenting on the appointments, John M. Robbins, Chief Executive Officer, said, "We welcome the knowledge and leadership these individuals bring to our Board of Directors. They complement the experience and dedication of our present board members and expand the talent base that already exists. Over the last two years we have created a new company American Mortgage Network, now one of the top 25 wholesale mortgage banks in the nation. Our new board members share our vision and are committed to our growth and profitability." Robert T. Barnum was Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of American Savings Bank, a $20 billion California thrift owned by the Robert M. Bass group, from 1989 until the company's sale in 1997. He has held executive positions with First Nationwide Bank, The Krupp Group, and FNMA FNMA abbr. Federal National Mortgage Association Noun 1. FNMA - a federally chartered corporation that purchases mortgages Fannie Mae, Federal National Mortgage Association . Mr. Barnum has also been a private investor and advisor to several equity funds. Currently, he is a member of the Board of Directors of Westcorp (NYSE NYSE See: New York Stock Exchange : WES), a financial services holding company; Berkshire Mortgage Finance, Ameriquest Mortgage Company, and is the Chairman of the Board of Korea First Bank. Past board memberships include National Re, Harborside Healthcare, American Savings Bank, and CenterTrust REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). . Mr. Barnum has a Master's Degree in Finance from Indiana University and a Bachelor of Arts Degree in Mathematics from University of Illinois University of Illinois may refer to:
Robert A. Gunst is the Chairman of the Board of Directors for Garden Fresh Restaurants Corporation, which operates 97 salad buffet restaurants under the names Souplantation and Sweet Tomatoes. He previously served as President and Chief Executive Officer of The Good Guys, Inc. (Nasdaq: GGUY), one of the largest specialty retailers of higher-end entertainment electronics in the nation. He has held executive positions with Shaklee Corporation, PepsiCo. Inc., Victoria Station Incorporated, and The First National Bank of Chicago. Mr. Gunst is also a member of the Dean's Advisory Council for the Graduate School of Management at the University of California, Davis The University of California, Davis, commonly known as UC Davis, is one of the ten campuses of the University of California, and was established as the University Farm in 1905. . He has a Master's Degree in Business Administration from the University of Chicago's Graduate School of Business and a Bachelor of Arts Degree in Economics from Dartmouth College. About American Mortgage Network Headquartered in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. , AmNet is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of American Residential Investment Trust, Inc. AmNet originates loans for the national mortgage broker community through its network of branches and business-to-business over the Internet. AmNet has loan production offices in Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Minnesota, New Jersey, New York, North Carolina, Oregon, Rhode Island, Texas, Virginia, and Washington. AmNet has a total of $1.4 billion in warehouse borrowing capacity and is approved to do business in 49 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). either by license or exemption. AmNet has nearly 5,000 approved broker customers across the nation. For more information, please visit www.amnetmortgage.com. About American Residential Investment Trust American Residential Investment Trust, Inc. is the parent company of American Mortgage Network. For more information, please visit www.amerreit.com. |
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