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

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.

CONTACT: Janet Walter, Vice President, Public Affairs of Colonial Savings F.A., +1-817-877-9528, or janetw@colonialsavings.com

Web site: http://www.colonialsavings.com/
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Publication:PR Newswire
Date:May 10, 2006
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