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First Financial Network, Inc. Announces $23 Million SBA Loan Portfolio Offering

OKLAHOMA CITY, Aug. 28 /PRNewswire/ -- First Financial Network, Inc., the nation's leading loan sale advisor, announced the offering of a $23 million loan portfolio today. The portfolio is being marketed on behalf of the Federal Deposit Insurance Corporation (FDIC) and is comprised of SBA related loans from the recently failed ANB Bank,Bentonville, AR for which the FDIC is acting as Receiver.

First Financial Network will market and manage all facets of the sale of performing and non-performing loans collateralized by properties located predominantly inArkansas. The portfolio is comprised of 70 commercial real estate and C & I loans which have been stratified into pools by the SBA based on performance and SBA guaranty status. Bid Packages will be made available this week to qualified investors on First Financial Network's website.

Founded in 1989, First Financial Network is the most experienced loan sale advisor having assisted governmental agencies and financial institutions in the disposition of billions in loans. This experience bodes well as financial institutions seek to mitigate risk and preserve capital as the economy cycles again into uncertain times.

First Financial Network will initiate a highly targeted marketing campaign aimed at procuring sophisticated purchasers in order to obtain maximum value on the portfolio. The company will utilize its online Loan Trading Platform(TM) to image loan documentation and provide qualified investors with immediate access to due diligence information and the opportunity to place bids. Investor due diligence begins this week and bids will be taken September 23, 2008. For additional details regarding the offering, please call 405.748.4100.

About First Financial Network:

Since its founding in 1989, FFN has defined the loan sale industry, selling billions of dollars in loans and other assets in 28 countries. The nation's leading loan sale advisor, FFN currently serves more top 25 banking institutions than any other firm in the nation. In addition, the company serves as loan sale advisor for agencies of the Federal government, commercial banks, major foreign banks and other lenders. The company's online Loan Trading Platform(TM) and Metrics(TM), an integrated transaction management system, are used in conjunction with exceptional marketing techniques to achieve optimal value in today's secondary market. For further information, call 405.748.4100 or visit http://www.firstfinancialnet.com

     Contact: Merrie Duncan
     First Financial Network, Inc.
     Ph: 800.245.8695
     mduncan@firstfinancialnet.com

SOURCE First Financial Network, Inc.

Tags: ,FIN,OFR,OK-First-Financial

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