BancInsure Announces Addition to Executive Team.

OKLAHOMA CITY -- BancInsure announced today the arrival of Rudy L. Erb as Vice President and Chief Information Officer for the Companies: BancInsure Inc., BMSI Marketing, Inc. and Matterhorn Financial Services, Inc. Mr. Erb will assume leadership for the Companies' technology initiatives and operations - including related strategies and projects.

Rudy joins BancInsure with over 12 years of technology leadership. His management experience has included insurance, financial services, and banking. Most recently, Mr. Erb was Vice President of Retail Banking Support overseeing the Payment Technology, Internet Project Management, Leadership Development, and Budget Administration & Vendor Management functions for Wachovia (formerly World Savings). Prior to this, Mr. Erb worked for several national insurers leading marketing analysis, e-commerce development, and IT support departments. He holds a Bachelor of Science degree in Information Systems from the University of Idaho's College of Business and Economics.

"With Rudy joining our team, we continue to take steps towards developing the technologically advanced infrastructure that will allow BancInsure to continue as a leader in the insurance industry," Rod Sargent, CEO said. "With his aggressive strategic planning history, Rudy will play a key role on our future growth and success."

BancInsure is the industry's only fully independent insurer with a specific focus on providing insurance products to financial institutions. The Company entered the market in 1986 amidst very difficult market conditions. After 20 plus years of operations, the Company has business relationships with roughly 20% of the community banks in the United States. Headquartered in Oklahoma City, OK, BancInsure enjoys endorsement agreements with 20 financial organizations across the country.