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Montana industry appointments update - 11/13/2006

National Mortgage Professional
Nov 13, 2006

FNBA expands insurance services and launches new productsMortgagePress.comMortgage insurance 1st National Bank Holding Company, parent of 1st National Bank of Arizona, 1st National Bank of Nevada and 1st Heritage Bank in Southern California, has expanded its insurance subsidiary, FNB Insurance Services LLC. The company has officially launched a new property and casualty insurance division called 1st National Bank Insurance Services and has expanded the insurance services of two other bank divisions. The 1st National Bank Insurance Services group offers property and casualty insurance for commercial construction, developers, contractors, retail, manufacturing and professional services. In addition, the company will provide special expertise in aviation and ground transportation services. Additionally, FNB Insurance Services encompasses 1st National Wealth Management's life, health and accident insurance group and Community Association Banc Insurance Services. The latter specializes in providing insurance and risk management services to property management companies and community associations of all sizes and types. Roger C. Gustafson has been appointed managing director of 1st National Bank Insurance Services and Community Association Banc Insurance Services. He will be based at 1st National Bank Holding Company's Scottsdale, Ariz. headquarters. Prior to joining 1st National Bank Insurance Services, Gustafson worked with the bank to develop the new services through his consulting company Skye International LLC. Before that, he was managing director and regional manager for Marsh Aviation, a division of Marsh USA. Gustafson has more than 28 years experience in the insurance brokerage business and holds an MBA from Pepperdine University. In other news, FNBA has introduced three new lending products with 100 percent financing options—Arizona Express, the 5-Year Hybrid Cash Management Adjustable-Rate Mortgage (ARM) and 100 percent financing on alt-A fixed and ARM products with lender paid mortgage insurance. Arizona Express is a streamlined documentation program designed to offer customers with excellent credit a more efficient way to close their loans at attractive interest rates. The 5-Year Hybrid Cash Management ARM provides borrowers with four payment options to manage their cash flow, while offering them increased protection against rate instability and market movement via a longer recast period and interest-only term. Enhancing FNBA's foundational alt-A products, 100 percent financing on alt-A fixed and ARM products with lender-paid mortgage insurance accommodates customers via streamlined underwriting guidelines, expanded credit parameters and faster closings. For more information, visit www.fnbavenue.com or www.fnbins.com.
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