LAKEWOOD, Colo., May 20 CO-Solera-Allstate
LAKEWOOD, Colo., May 20 /PRNewswire-FirstCall/ -- Solera National Bank, a
wholly-owned subsidiary of Solera National Bancorp, Inc.
(OTC Bulletin Board: SLRK), is pleased to announce a strategic partnership
with James Muniz, Exclusive Agent for Allstate Insurance Company, whereby
Allstate will establish a satellite agency office in each of Solera's existing
and future branch locations. The Muniz agency is one of the largest Allstate
agencies in Colorado with over 5,000 client households. Like Solera National
Bank, the Muniz agency and Allstate Insurance Company serve the mainstream
market but also have a significant niche market focus serving Hispanic
clients. The relationship is an opportunity for the bank to continue its
community efforts of strategically aligning itself with prominent financial
services firms.
Allstate Insurance Company is the nation's largest publicly held personal
lines insurer. It is a Fortune 100 company, with $157 billion in assets.
Allstate sells 13 major lines of insurance, including auto, property, life and
commercial. Allstate also offers retirement and investment products.
According to Exclusive Agent, James Muniz, "At the Muniz Insurance Agency, we
have been working with clients for twelve years to provide a wide range of
insurance and financial solutions and services."
Paul M. Ferguson, Solera National Bank CEO, said, "Our relationship with
James Muniz and Allstate will allow Solera National Bank to offer our clients
comprehensive financial products and services not typically offered by
community banks".
Solera National Bank is a traditional, community commercial bank with a
core-competency in servicing and understanding the culturally diverse and
dynamic Hispanic market.
For more information, please contact:
Solera National Bank
Paul M. Ferguson
303-209-8600
PFerguson@SoleraBank.com
Allstate
James Muniz
303-935-2900
http://www.Allstate.com/JamesMuniz
Cautions Concerning Forward-Looking Statements
All information in this news release consists of forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. The statements contained in this release, which are not historical
facts and that relate to future plans or projected results of Solera National
Bancorp, Inc. ("Company") and its wholly-owned subsidiary, Solera National
Bank ("Bank'), are forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. These forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially from those
projected, anticipated or implied. These risks and uncertainties can include
the risks associated with the ability to grow the Bank and the services it
provides, the ability to successfully integrate new business lines and expand
into new markets, competition in the marketplace, general economic conditions
and many other risks described in the Company's Securities and Exchange
Commission filings. The most significant of these uncertainties are
described in our 2007 Annual Report on Form 10-K all of which any reader of
this release is encouraged to study (including all amendments to those
reports) and exhibits to those reports, and include (but are not limited to)
the following: the Company has a very limited operating history upon which to
base an estimate of its future financial performance; the Company expects to
incur losses during its initial years of operations; the Bank's failure to
implement its business strategies may adversely affect the Company's financial
performance; the departures of key personnel or directors may impair the
Bank's operations; and general economic and market conditions. We undertake no
obligation to update or revise any forward-looking statement. Readers of this
release are cautioned not to put undue reliance on forward-looking statements.
SOURCE Solera National Bancorp, Inc.
