Sutter Announces Integration of Progressive Lending and Easton Mortgage
24 Février 2005 - 9:49PM
PR Newswire (US)
Sutter Announces Integration of Progressive Lending and Easton
Mortgage SAN FRANCISCO, Feb. 24 /PRNewswire-FirstCall/ -- Sutter
Holding Company, Inc. (OTC:SRHI) (BULLETIN BOARD: SRHI) today
announced that it has integrated the operations of its two mortgage
banking subsidiaries, Easton Mortgage Corporation and Progressive
Lending, LLC. About Sutter Holding Company: Sutter is a diversified
financial services holding company whose operations consist of
Easton Mortgage Corporation, Progressive Lending, LLC, and
Diversified Risk Insurance Brokers. Sutter intends to continue to
seek profitable acquisition candidates in the financial services
sector. About Diversified Risk Insurance Brokers: Diversified Risk
is one of the largest independently owned commercial insurance
agencies in California. The company provides services to a broad
range of clients in the transportation, construction, professional,
technology, medical, municipal and property industry segments, and
maintains long-standing relationships with a number of major
insurance carriers. This press release contains certain current and
forward-looking statements and information relating to Sutter
Holding Company, Inc. and its investments, ("we," "us" or the
"Company") that are based on the beliefs of its management as well
as assumptions made by and information currently available to its
management. When used in this release, the words "anticipate,"
"believe," estimate," expect," "intend," "plan," "future" and
similar expressions, as they relate to the Company or its
management, are intended to identify forward-looking statements.
These statements reflecting management's current view about our
proposed business operations are subject to certain risks,
uncertainties and assumptions. Should any of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, or should information currently believed to be true
prove to be untrue, actual results may vary materially from those
described in this press release as anticipated, estimated or
expected. Factors which could cause or contribute to such
differences include, but are not limited to, factors detailed in
the Securities and Exchange Commission filings of the Company;
economic downturns affecting the operations of the Company or any
of its business operations, competition, the continued ability of
the Company to generate or obtain sufficient working capital to
continue its operations, and the ability of the Company to
successfully identify and implement any strategic alternatives. The
forward-looking statements contained in this press release speak
only as of the date hereof and the company disclaims any intent or
obligation to update these forward-looking statements. DATASOURCE:
Sutter Holding Company, Inc. CONTACT: Karen LaMonte of Sutter
Holding Company, Inc., +1-415-788-1441
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