SOURCE: B of I Holding, Inc.

October 31, 2006 12:00 ET

B of I Holding Announces New CLO, New Products

SAN DIEGO, CA -- (MARKET WIRE) -- October 31, 2006 -- B of I Holding, Inc. (NASDAQ: BOFI), holding company for Bank of Internet USA, announced that Kenneth D. Darling has joined the Bank as Vice President, Chief Loan Officer. Kenn joins B of I as the company initiates new services to expand consumer lending and affiliate marketing.

Kenn comes to the Bank with seven years experience in Internet consumer lending and 16 years experience in auto lending with as much as $2 Billion in assets and 300 employees under his guidance. Kenn's knowledge covers all aspects of lending, risk management, and collection process.

Bank of Internet President, Gary Lewis Evans, said, "Kenn's experience in building a sound portfolio and his energy adds a tremendous boost to Bank of Internet USA for growing Internet originated consumer loans such as autos and RVs. His product knowledge will fit perfectly with our growth plans. Our clients will appreciate the value of his financial expertise as well as his proactive approach to Internet lending." Kenn's hiring is a part of Bank of Internet USA's current growth initiatives that will facilitate profitable growth in a flat yield curve environment. Mr. Evans went on to say that, "We are very excited to have Kenn join our team serving our growing nationwide clientele."

About B of I Holding, Inc.

B of I Holding, Inc. is the holding company of Bank of Internet USA and trades on NASDAQ under the symbol BOFI. Bank of Internet USA is a consumer focused, FDIC insured, nationwide savings bank operating primarily over the Internet. It offers a variety of consumer banking services, focusing primarily on gathering retail deposits over the Internet and originating and purchasing multi-family and single-family loans and mortgage securities. Bank of Internet USA offers its products through its websites at www.BofI.com, www.SeniorBofI.com, www.ApartmentBank.com and www.MyRVBank.com, which include deposit accounts like free interest-bearing checking accounts with online paid check copies, bill payment, account statements, ATM or Visa Check Card and ATM fee reimbursement anywhere in the world.

Contact Information

  • Contact:
    B of I Holding, Inc.
    Gary Lewis Evans
    CEO
    858-350-6213
    Email Contact