ACB: Press Releases

Contact:	Robert Schmermund (202) 857-3104 Jim Eberle (202) 857-3145	Jim Eberle (202) 857-3145 (work) (703) 893-2593 (home) [email protected]	For Immediate Release June 6, 2005 #05-34
E-mail: [email protected]

ACB DESIGNATES PENTEGRA AS PREFERRED SOLUTIONS PROVIDER

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WASHINGTON, D.C. — America’s Community Bankers announced today that it has endorsed Pentegra Retirement Services as a Preferred Solutions Provider.

Pentegra Retirement Services, White Plains, N.Y., has provided retirement plan services to community banks nationwide for more than 60 years. Pentegra offers a wide variety of programs, including 401(k), ESOP, profit sharing, money purchase, defined benefit pension, cash balance, executive benefit and director plans. With nearly $3 billion in assets under management, Pentegra serves more than 500 community and regional bank clients nationwide.

Through the Preferred Solutions Provider program, ACB provides an array of products and services to help member banks improve profitability and compete more effectively. The program’s goal is to identify and recruit “Best in Class” vendors and service providers and negotiate specific quantifiable member advantages.

Pentegra is a total retirement solutions provider. The company provides clients with flexibility in terms of plan design and full administrative support. “By serving as the principal plan fiduciary for our programs, Pentegra is also able to vastly reduce the fiduciary liability and expense associated with running a retirement program,” said Kenneth Montgomery, president and CEO of Pentegra. “This is something that no other retirement provider offers its customers.”

America’s Community Bankers is the national trade association committed to shaping the future of banking by being the innovative industry leader strengthening the competitive position of community banks. To learn more about ACB, visit www.AmericasCommunityBankers.com.

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