Continental Mortgage Company Announces Winners of Annual Income Property Award.

Business Editors, High-Tech Writers

SEATTLE--(BUSINESS WIRE)--Feb. 29, 2000

Continental Mortgage Company recently announced the winners of the annual Income Property President's Club Award.

Continental President and CEO, Dick Swanson, and Income Property Executive Vice President Pat Leach presented these awards, on Thursday, January 20, 2000. Recipients of the 1999 award include Dan Ross from the Portland office, and Tim Patrick from Seattle. Sue Carlson, also from the Portland office, received an award for the Income Property transaction of the year. The President's Award celebrates the accomplishments of individual Income Property team members, and recognizes those persons who have been outstanding producers in Continental's commercial property division.

Vice President and Construction and Portfolio Manager, Tim Patrick received the 1999 Income Property Top Volume Producer award. In 1999, he originated $60 million in loan volume business. Patrick comments on his award and stated, "Continental supplied the tools necessary to provide good customer service, so it was easier to be successful. Plus, this level of business could not have been possible without assistance from skilled staff; I am lucky to have a good team of people all working together to get the job done."

Dan Ross, Vice President and Portland Manager of Income Property, is the first back-to-back winner in Continental's history. Ross, the recipient of the 1999 Income Property Top Dollar President's Club Award for generating the most fee income, commented, "My colleagues at Continental make up one of the most experienced lending teams in the market. Our lending expertise, combined with an extreme focus on customer service and product delivery, makes Continental the premier real estate lender in our market." Ross has been with Continental since 1996.

Sue Carlson, Vice President of Income Property, received the 1999 Income Property Deal of the Year Award. Carlson was the team leader responsible for financing the purchase of the U.S. Bank Block in Portland, Oregon. This $17 million transaction involved the purchase of three buildings -- an entire downtown city block, including two National Historic Register properties. Referring to the U.S. Bank Block loan, Carlson said, "I'm proud of our accomplishments in bringing this deal together, and am pleased that Continental was able to provide financing for this historic property." The U.S. Bank Block transaction was a very complex loan that required significant effort and teamwork of both the Portland and Seattle Branches.

Continental Savings Bank has been meeting customers' financial needs in the Pacific Northwest since 1921. With more than $1 billion in assets and 34 branches in four states, Continental offers diversified financial services, focusing primarily on mortgages for homeowners and buyers, deposit services for bank customers, and income property financing for real estate investors. Continental Insurance Services operates as part of the Continental family, offering a full line of automobile, homeowners, and life insurance policies. Through Windermere Mortgage Services, Continental has 29 home loan consultants on-site at Windermere Realty locations throughout Washington and Oregon. Continental Inc. also includes the Continental Mortgage Company, a wholly owned subsidiary. Continental Mortgage Company provides lending for commercial property transactions. Continental Mortgage has provided the funding for such projects as industrial sites, office buildings, mobile home parks, and multi-family properties.