Posted: 10/11/2005

John Donovan Joins Assurance Partners Bank Board of Directors

APB Announces Board Members As Bank Expands to Serve Metropolitan DC Market

Assurance Partners Bank (APB) of Carmel, Indiana today announced that John J. Donovan, Jr., has been elected to serve as a director. Donovan recently retired from CarrAmerica Realty Corporation where he was the Senior Managing Director for Metropolitan Washington, D.C.

“John is unquestionably one of the best known and most highly respected person in the commercial real estate market in the D.C. Metropolitan area. He is also well known and respected in the business and non-profit communities,” said Stuart McFarland, APB Chairman and CEO. “We are extremely fortunate to have him join us.”

Assurance Partners Bank Board of Directors includes:

APB, which previously was owned by National Association of Mutual Insurance Companies (NAMIC) and other members of NAMIC, merged with Federal City Bancorp (FCB) of Washington, DC in April. The merger and recapitalization will enable APB to offer a full range of personal banking services in its local markets and to NAMIC membership, their employees and insurance agencies. In addition to offering new deposit products and additional financing for agency acquisition and expansion, APB will move its headquarters to Maryland and open branches in the DC metropolitan and Indianapolis, Indiana, areas. APB will be opening retail branches in Montgomery County, Maryland and Hamilton County, Indiana.

For further information, contact
Stuart A. McFarland
Chairman and CEO
Assurance Partners Bank
6903 Rockledge Drive
Suite 525
Bethesda, MD 20817
240 482-8144
Fax: 301 896-0066

Charley Powers
Senior Vice President
Director, Washington Corporate Affairs
Porter Novelli
1909 K Street, NW
Suite 400
Washington, DC 20006
202 973-5807