Press Releases

For Immediate Release

Contact:
Jan Dailey, SVP, Marketing Manager
972-391-6191, jan.dailey@tnbcard.com

Kristine Tanzillo, Dux Public Relations
972-889-9577, kristine@duxpr.com

Town North Bank, N.A. Appoints Phil G. Davis II As First Senior Vice President of TNB Card Services

Dallas – September 10, 2007 – Phil G. Davis II, a seasoned executive with three decades of credit card industry experience, has joined Town North Bank, N.A., as first senior vice president in its TNB Card Services division.

John C. Reap, president and CEO of the bank, announced Davis’ appointment today. Davis will report to Scott Wagner, executive vice president of TNB Card Services, and will concentrate on cardholder operations including credit card underwriting, card member servicing, fraud, collections and recovery, and compliance. His appointment reinforces TNB Card Services’ commitment to delivering the strongest and most reliable fraud management expertise and card member servicing to its clients.

Davis comes to TNB from Citigroup, where he was a senior vice president in the Citicorp Credit Services division. He has also held executive positions in the card services division of Bank of America and the outsourcing division of NCO Financial Systems.

“In addition to his extensive experience in the credit and payments arenas, Phil Davis brings strong management skills in risk control, compliance, and conversion management,” said Reap. “This will enhance our abilities to continue the strong growth of TNB Card Services.” Davis, a native of Virginia with a degree in management economics from Hampden-Sydney College, has played an integral role in the credit industry. He was a charter member of the Bankruptcy Issues Council, which spearheaded bankruptcy reform, has served as a member of the National Foundation for Consumer Credit Advisory Council, and has served on the Board of Directors for the Consumer Credit Counseling Services of Virginia.

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About Town North Bank
Town North Bank, founded in 1972, has grown into one of the largest and most respected community banks in Dallas, with assets of $1.1 billion. It is known for its innovative products and personal service, offering a range of banking services, from commercial lending to financial planning. In addition, TNB Card Services, a division of the bank, offers full service bankcard processing and agent issuing to financial institutions throughout the U.S. For more information, visit www.townorthbank.com or call 877-866-2265.

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