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Assurance Partners Bank Expands into Metropolitan Washington, D.C. Market; Announces Senior Management Team

Assurance Partners Bank (APB) of Carmel, Indiana, today announced the appointment of several members of its senior management team who will help guide its expansion into the Carmel, Indiana and Metropolitan Washington, D.C. markets. APB is owned by the National Association of Mutual Insurance Companies (NAMIC), its members and Federal City Bancorp (FCB) of Washington, DC.

“One of our highest priorities throughout this merger and expansion has been making sure we have people of the highest caliber in place to help us reach our business goals,” said Stuart McFarland, FCB and APB Chairman and CEO. “These appointments will enable us to begin implementing our plan to better serve our individual, business and insurance agency customers.”

Among those joining APB are:

Ben Smith: Executive Vice President

Smith, with more than 25 years as a leader in Fortune 500 companies, has expertise in strategic planning, financial planning, investment and insurance products, mortgage banking, financial cross-selling, and emerging markets. He has launched new businesses as well as grown businesses internally. Smith previously served as Executive Vice President for Wells Fargo Home Mortgage (WHFM) and, prior to that, was Executive Vice President for GMAC Mortgage, Inc. He also served as President of Financial Education Services for American Express Financial Advisors.

Jeffrey Scheuren: Senior Vice President, Capital Markets, Wholesale Production

Scheuren’s responsibilities will include negotiating and maintaining investor contracts and relationships and managing pricing, quality control, wholesale production, loan pipelines, hedging processes and warehouse lending. Scheuren previously served as Vice President of Capital Markets at Gateway Funding in Philadelphia.

Chris Warner: Senior Vice President, Mortgage Production

Warner manages all retail loan production; production managers and loan offices; and relationships with builders, real estate agents and other referral partners. Prior to joining APB, Warner was a Vice President and Branch Manager for Washington Mutual Home Loans in Maryland. He is also the former Chief Executive Officer for 1st Washington Mortgage Corporation in Washington, DC.

Gayle Brown: Managing Director, Mortgage Operations

Prior to joining APB, Brown was a Consumer Credit Officer at Bank of America in Arlington, Virginia. Brown was also the Regional Underwriting Manager for Harbourton Mortgage, also in Virginia.

Susan Wood: Manager, Pricing, Post Closing and Investor Relations

Wood joins APB from Millennium Bank of Virginia, where she was the Manager of Pricing and Post Closing. Prior to Millennium Bank she was the Manager of Pricing for Citigroup Mortgage in Frederick, Maryland.

Sarah Grabarz, Director of Agency Sales

Before joining APB, Grabarz was an Account Executive at South Star Funding in Atlanta, Georgia. She was also a Regional Manager for Loan Performance, a mortgage research firm, based in San Francisco, California.

Terry Suttner: Director of Sales, NAMIC

Suttner joins APB from Nationwide Insurance Company in Indiana, where he was a Sales Manager. Prior to Nationwide, he was a Regional Manager at USF&G Insurance Company, also in Indiana.

APB expects to make additional hires in Indiana and Maryland.

The recent merger with FCB will enable APB to offer a full range of personal banking services in its local markets and to NAMIC members, their employees and insurance agencies. In addition to offering new deposit products and additional financing for agency acquisition and expansion, 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

Posted: Tuesday, October 11, 2005 12:00:00 AM. Modified: Wednesday, September 29, 2010 1:36:41 PM.

317.875.5250 - Indianapolis  |  202.628.1558 - Washington, D.C.

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