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Liberty Bank, N.A. announces relationship with Student Loan Xpress
Monday, February 14, 2005

 

New private education loan programs to enhance Liberty's service offerings

 

February 14, 2005; Twinsburg, Ohio- Liberty Bank, N.A., a $67 million full-service community bank headquartered in Twinsburg, Ohio, today announced the company has signed a private education loan origination agreement with national student loan provider Student Loan Xpress, Inc., a subsidiary of Education Lending Group, Inc. (NASDAQ: EDLG). The agreement will allow Liberty Bank to enhance its innovative financial services.

 

"We are proud to work with Student Loan Xpress and its team of education financing specialists," said William A. Valerian, chairman & CEO of Liberty Bank, N.A. "At Liberty Bank, we're dedicated to helping individuals with their financing needs throughout their lives. Supporting education is often a part of that mix."

 

The agreement will allow Student Loan Xpress to expand its product offerings to a full suite of private education loan options. The first product offering will be the Student Loan Xpress Health Xpress and Residency Xpress loans for graduate students attending health professions schools. Additional products for other graduate disciplines, as well as for undergraduate and career college students, will be introduced later this spring.

 

"Education Lending Group and Student Loan Xpress are committed to helping students affordably achieve their education dreams, wherever that may take them," said Fabrizio Balestri, president and CEO of Student Loan Xpress. "This relationship with Liberty Bank will allow us to expand the ways in which we can help make those dreams become a reality."

 

For more information about private education loan programs offered through Student Loan Xpress, contact Randy Behm, senior vice president of Private Loan Programs, EDLG, at (216) 706-7406 or Bill Valerian, chairman & CEO of Liberty Bank at (330) 425-3033.

 

ABOUT LIBERTY BANK, N.A.
Founded in 1990, Twinsburg, Ohio-based Liberty Bank, N.A. is a full-service community financial institution with assets of $67 million as of December 31, 2004. With branch offices in Twinsburg and Solon, the independently owned bank serves local consumers and privately held businesses with sales of up to $25 million. Liberty Bank specializes in providing innovative financing and cash management services for commercial customers together with competitive rates and a high level of personalized customer service.

 

ABOUT STUDENT LOAN XPRESS, INC. AND EDUCATION LENDING GROUP, INC.

Student Loan Xpress, Inc., a subsidiary of Education Lending Group, Inc. (NASDAQ: EDLG), is a national lender of Federal Stafford and Parent Loan For Undergraduate Students (PLUS) loans, and provides access to alternative (private) education loans, with a long-term commitment to students and families. Based in San Diego, Student Loan Xpress utilizes Fifth Third Bank as its eligible lender trustee. Student Loan Xpress is a registered trademark of Student Loan Xpress, Inc. For more information, call 1-866-SLX-PRES or visit www.studentloanxpress.com.

 

Education Lending Group is a specialty finance company principally engaged in providing student loan products, services and solutions to students, parents, schools and alumni associations. A member of the Russell 2000® index, its business is focused on originating and purchasing guaranteed student loans through the Federal Family Education Loan Program (FFELP), including consolidation loans, Stafford loans and Parent Loans for Undergraduate Students (PLUS) loans. For more information, visit www.educationlendinggroup.comor call (858) 617-6080.

 

CONTACT:
Mary Patton, Patton Public Relations, Inc. - phone: 216-321-6746; email: pattonpr@sbcblobal.net or Jennifer Stark, Education Lending Group, Inc. Phone: (800) 642-1580, ext. 7216; email: jenn.stark@edlending.com