CENTRUE BANK INTRODUCES NEW ST. LOUIS MORTGAGE TEAM

News Release

FOR IMMEDIATE RELEASE

CENTRUE BANK INTRODUCES NEW ST. LOUIS MORTGAGE TEAM

 

ST. LOUIS, MO, April 10, 2012 –Centrue Bank, a wholly owned subsidiary of Centrue Financial Corporation (OTCQB: TRUE.PK), recently announced the addition of a new team of mortgage lenders to its St. Louis market.  The team will be led by Regional Mortgage Sales Manager, Stan Murray, who joined Centrue in January.  The mortgage origination sales force will be comprised of Michael P. Cannes, Mark A. Lange and Mary Jo Mattingly.  Tracy Wolf, who has been with the Bank’s mortgage division since 2006, will round out the group.     

 

“We are very committed to expanding our presence in the St. Louis metro market, particularly through our mortgage banking efforts,” remarked Centrue EVP/Chief Lending Officer, J. Chris Jones.  “These are certainly interesting times in the housing market, and we want to help our customers navigate through all of the complexities so that they have the ability to make the best choices possible.  We are very excited to have such a high quality group of individuals joining Centrue who are not only extremely knowledgeable of the mortgage industry but who understand the metro St. Louis housing market specifically.”      

 

Murray, a resident of Wentzville, will oversee the mortgage sales efforts in the Bank’s St. Louis and Fairview Heights Region.  He has extensive experience in the banking and finance arenas, having previously worked for PHH Mortgage, US Bank and Midwest Mortgage Capital.  He was also the Regional Sales Manager for American Mortgage Company and the President of Statewide Lending Corporation, both in St. Louis.  Murray holds a B.S. in Management and Finance from Missouri State University. 

 

Cannes, a resident of St. Louis, will serve as a Mortgage Loan Originator responsible for working with new and existing Centrue customers to fulfill their mortgage needs.   He comes to Centrue with a background in sales with AT&T and Pepsi and most recently served as an Audit Consultant with Jeffrey A. Rice where he focused on bank auditing and analysis.  Cannes holds a B.A. in theology form Lincoln Christian University.  

 

Lange, a resident of St. Louis, also joins the team in Clayton as a Mortgage Loan Originator. He previously served as a Mortgage Advisor with PHH Mortgage and Midwest Mortgage Capital, both in St. Louis. Lange holds a B.S. in Marketing/Public Relations from Webster University.

 

Mattingly, a resident of St. Louis, completes the Clayton group as a Mortgage Loan Originator.  She comes to Centrue with 25 years experience in building customer relationships in the banking and mortgage industries and most recently served as a Mortgage Advisor for PHH Mortgage.  She has extensive knowledge of the St. Louis metro area and had also previously worked for FCB South County Bank, National City Bank and Mercantile Bank. 

 

Wolf, a resident of Smithton, works out of the Bank’s Fairview Heights location as a Mortgage Loan Originator. Prior to joining Centrue’s mortgage origination team in 2006, Wolf had worked for American Mortgage Group Inc. and Household Finance. Wolf holds a B.S. in Business Management from Southern Illinois University-Edwardsville.

 

Centrue offers a number of special programs designed to help individuals and families find the perfect fit to finance a new home or refinance an existing home. The Bank offers fixed and adjustable rate loans and a wide array of options including 100% financing, first-time home buyers, jumbos, FHA/VA financing, rural housing, grant programs, bridge loans, temporary buy down loans, interest only and interest first loans, and loans on investment property.  The Bank also offers free pre-approvals and servicing on several of its programs.

 

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About the Company

Centrue Bank is a wholly owned subsidiary of Centrue Financial Corporation.  Centrue Financial Corporation is a regional financial services company headquartered in St. Louis, Missouri and devotes special attention to personal service. The Company serves a market area which extends from the far western and southern suburbs of the Chicago metropolitan area across Central Illinois down to the metropolitan St. Louis area. 

Further information about the Company is available at its website at http://www.centrue.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

This release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934 as amended.  The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and is including this statement for purposes of these safe harbor provisions.  Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of the Company, are generally identified by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," or "project" or similar expressions.  The Company’s ability to predict results, or the actual effect of future plans or strategies, is inherently uncertain.  Factors which could have a material adverse effect on the operations and future prospects of the Company and the subsidiaries include, but are not limited to, changes in: interest rates; general economic conditions; legislative/regulatory changes; monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board; the quality and composition of the loan or securities portfolios; demand for loan products; deposit flows; competition; demand for financial services in the Company’s market areas; the Company’s implementation of new technologies; the Company’s ability to develop and maintain secure and reliable electronic systems; and accounting principles, policies, and guidelines.  These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.

Contact:         Daniel Kadolph

                        EVP/CFO

Centrue Financial Corporation

daniel.kadolph@centrue.com

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