Countrywide Bank Expands National Presence With 100th Financial Center Located in Smithtown, New York

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Countrywide Bank Expands National Presence With 100th Financial Center Located in Smithtown, New York
          Financial Center Offers Special 5-Month CD at 5.60% APY

    CALABASAS, Calif., Jan. 16 /PRNewswire/ -- Countrywide Bank, N.A., a
member of the Countrywide Financial Corporation (NYSE: CFC) family of
companies, today reached a significant milestone in its continued national
expansion with the grand opening of its 100th financial center, located in
Smithtown, New York, on Long Island. Further solidifying the company's
presence in the state, the new financial center complements the bank's
seven existing offices in Manhattan, Garden City, Massapequa, Forest Hills,
Mamaroneck, Scarsdale and Staten Island.
    The Smithtown financial center is conveniently located in the Village
Commons at 54 E. Main St., Smithtown, NY 11787, between Lawrence Ave. and
Miller Pl. Countrywide Bank also announced that the financial center is
offering a special 5-month CD at 5.60 percent APY, with a $10,000 minimum.
    "In celebrating our 100th financial center opening, we're eager to
introduce Suffolk County residents to highly personalized service and
superior rates on our CDs, regular savings and money market accounts and
SavingsLink, our high-yield online savings account, which has grown to more
than $1 billion in deposits," said Stuart Bernstein, executive vice
president, Countrywide Bank. "Whether you're looking to open a 529 college
savings account or a business CD, or review your retirement plans, we
believe this new financial center will give residents an opportunity to
experience a new level of banking, one based on trusted relationships with
a boutique style of service."
    Since its launch in 2001, Countrywide Bank has steadily expanded the
reach of its financial centers to 13 states including: California, Arizona,
Colorado, Texas, Florida, Arkansas, Illinois, Michigan, Ohio, Pennsylvania,
New York, New Jersey and Massachusetts. Located within many Countrywide
Home Loan branches, Countrywide Bank employs a unique, low-overhead
strategy of offering expertly staffed financial centers designed to meet
the diverse savings and investment needs of its customers.
    "Countrywide Bank operates a hybrid model, combining the best of the
Internet and brick and mortar financial centers, resulting in both high
rates and a physical presence, and I believe that's what attracts people to
our financial centers and to Countrywide Bank overall," said Bernstein.
"People are looking for the best rate of return from a name they trust, and
our asset growth from $75 million to more than $88 billion in five years is
a testament to our successful low-overhead business model and to our loyal
customers."
    About Countrywide Financial Corporation
    Founded in 1969, Countrywide Financial Corporation (NYSE: CFC) --
America's #1 home loan lender as ranked for 2005 by Inside Mortgage Finance
(Jan. 27, 2006), Copyright 2006 -- is a member of the S&P 500 and Fortune
500. Countrywide, through its subsidiaries, provides mortgage banking and
diversified financial services in domestic and international markets.
Mortgage banking businesses include loan production and servicing
principally through Countrywide Home Loans, Inc., which originates,
purchases, securitizes, sells, and services residential loans. The company
is headquartered in Calabasas, California and has a workforce of more than
55,000 individuals and over 900 offices worldwide. For more information
about the company, visit Countrywide's Web site at
http://www.countrywide.com.
    About Countrywide Bank
    Countrywide Bank, N.A., is a member of the Countrywide Financial
Corporation (NYSE: CFC) family of companies. Countrywide Bank offers
consumers highly competitive rates on certificates of deposit and money
market accounts and, through its family of companies, also offers quality
investment products. Customers can review banking products and services,
check rates on deposits, and apply for new accounts by phone, online, or at
one of the financial centers located throughout the country. In addition,
the company offers the same superior rates and unsurpassed personalized
service to its business customers through its Premier Business Banking and
Commercial Banking Divisions. For more information about Countrywide Bank,
visit http://www.countrywidebank.com. Member FDIC. Equal Housing Lender.
SOURCE Countrywide Bank, N.A.
http://www.countrywide.com
http://www.countrywidebank.com
CONTACT:
Countrywide Financial Corporation, Media
Hotline, +1-800-796-8448, pressroom@countrywide.com