THOUSAND OAKS, Calif., Jan. 11 /PRNewswire/ -- Countrywide Bank, N.A., today announced its continued Northeast expansion with the opening of a new financial center in Livingston, New Jersey. Further solidifying the company's presence in the state, this opening complements the five existing centers, located in Cherry Hill, Morristown, Paramus, Wayne and Westfield. The Livingston financial center is located at 171 South Livingston Avenue.
"We have created a cost-effective delivery channel to offer consumers what they value most -- consistently high rates on savings and deposit products and personalized customer service," said Tim Wennes, chief operating officer for Countrywide Bank. "New Jersey residents have been very responsive to this unique offering, creating the need for a more robust physical presence in this market."
Since its launch in 2001, Countrywide Bank has grown from $75 million in assets to more than $73 billion, and now ranks among the top banks in the nation*. The company's distinctive business model leverages parent company Countrywide Financial Corporation's existing infrastructure. The unique low-overhead strategy of providing small, expertly staffed financial centers instead of large, costly, traditional bank branches helps pass the savings on to consumers in the form of higher-rate CDs and other savings products.
Countrywide, through its family of companies, offers consumers diverse products, including high-rate CDs, money market and retirement accounts, as well as home loans and quality investment and insurance products.**
Countrywide Bank's innovative financial centers offer access to free professional counseling from banking experts. In addition, customers can check today's rates, access account information and open new accounts via telephone at 1-877-CWBANK-5 or by visiting the Countrywide Bank Web site, http://www.countrywidebank.com/.
About Countrywide Bank
Countrywide Bank, N.A., is a member of the Countrywide Financial Corporation family of companies. Countrywide Bank offers highly competitive rates on certificates of deposit, money market and individual retirement accounts. Countrywide Bank consistently earns the Top Tier Award from Bankrate.com(R) for offering deposit products having relatively high annual percentage yields (APYs) compared to other institutions during the same quarter. 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. For more information about Countrywide Bank, call 1-877-CWBANK-5 or visit http://www.countrywidebank.com/. Member FDIC. Equal Housing Lender.
* Based on current assets and other banking data reported to the Federal Deposit Insurance Corporation (FDIC) quarterly.
** Investment and insurance products are not deposits, not FDIC insured, not guaranteed by any bank, not insured by any Federal Government agency and may lose value.
© 2006 PR Newswire
