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Waterfield Financial Corporation Expands Offices Across the West Coast; Three Offices Open to Answer Demands of Growing Western Market.

Business Editors

FORT WAYNE, Ind.--(BUSINESS WIRE)--April 1, 2004

Waterfield Financial Corp., a subsidiary of Waterfield Mortgage Company, the largest privately-held mortgage company in the United States, announced the opening of three new offices. The company has opened new branches in Bakersfield and Chico, Calif. and Puyallup, Wash. in order to meet the needs of a growing West Coast market.

"The addition of these offices is a reflection of Waterfield's commitment to serving the needs of growing communities," said Bodie Shepherd, Chico area manager for Waterfield Financial Corp. "Our ability to offer a broad array of products and services -- coupled with expeditious loan approvals and closings -- is a tremendous asset to Realtors, builders and home buyers in any market."

The Bakersfield office officially opened Sept. 1, 2003, the Puyallup/Tacoma office opened on Dec. 17, 2003 and the Chico office opened on Feb. 2. They join existing Waterfield West Coast branches located in Yuba City, Calif.; Sacramento, Calif.; Elk Grove, Calif.; Portland, Ore.; Bend, Ore.; Klamath Falls, Ore. and Stevenson, Wash. Waterfield expects these offices to further expand in 2004, projecting the addition of four to six new loan officers per branch, by the end of the year. The staff responsible for launching the three new offices has more than 70 collective years of experience in the mortgage industry.

"The opening of these new branch offices signals an important advancement in Waterfield's growth throughout the western region," said Bill Bent, senior vice president of Retail Expansion and Western regional manager for Waterfield Financial Corp. "Our industry expertise, matched with the security of a burgeoning California marketplace present Waterfield with a bright future filled with continued growth.

About Waterfield Mortgage Company

Founded in 1928, Waterfield Mortgage Company, Inc. is the parent company of Fort Wayne, Ind.-based Waterfield Financial Corp., Union Federal Bank of Indianapolis and Waterfield Insurance Agency and the largest privately-held mortgage company in the country.

Waterfield Financial Corp., a subsidiary of Waterfield Mortgage Company Inc., is a mortgage loan origination company with retail branches throughout the United States. The company also provides wholesale originations nationwide.

Waterfield Financial Corp. has more than 60 lending offices nationwide, 300 loan officers and more than 2,300 employees throughout Arizona, California, Colorado, Florida, Illinois, Indiana, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas, Virginia and Washington.

For more information about the addition of the Calif. and Wash. offices, please contact Ann Hickey at 303-969-7831 or visit the Web site at www.waterfield.com.
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Publication:Business Wire
Geographic Code:1USA
Date:Apr 1, 2004
Words:421
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