Swift Financial® Marks First Anniversary Showing Growth
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WILMINGTON, Del., May 19, 2008 – Swift Financial®, the direct financial services company dedicated to serving small businesses, marked its first anniversary of operations with a strong show of growth.

In its initial 12 months, Swift Financial has more than $80 million in assets under management and more than 6,500 customers – small business owners who appreciate the company’s simple approach to banking. Swift Financial provides great value on their Swift Business Line of Credit, Swift Business Checking Account with SwiftDepositsm and Swift Business Savings Account.

“The dramatic growth that we’ve experienced in such a short timeframe validates our view that small business owners are ready to walk away from the status quo and embrace a direct player focused exclusively on their needs,” says company founder and CEO Ed Harycki. “Our customers appreciate our straightforward products and personalized service provided by dedicated, personal relationship managers,” he adds.

Harycki notes that Swift Financial’s growth is being driven, in part, by SwiftDeposit, its industry-leading remote-deposit solution that allows small business owners to deposit checks from their home or office, avoiding a time-consuming trip to the bank and wait for a teller. SwiftDeposit allows customers to deposit checks electronically and have access to 80 percent of their funds the next business day and the full 100 percent in two business days.

Swift Financial’s strong commitment to customer service was honored when its call center was recognized for customer satisfaction under the J.D. Power and Associates Certified Call Center ProgramSM. This distinction – during the first year – was the first in small business banking.

When it opened for business in May 2007, Swift Financial was staffed by a dedicated team of 25. The company now has more than 70 employees and plans to continue to hire this year. During its debut year, Swift Financial also more than doubled its office space, now occupying 28,000 sq. ft.
Although a relative newcomer in financial services, Swift Financial is built on a strong foundation of capital support. In February 2008, it closed a $20 million Series B Preferred Stock financing round, which brought total investment in the company to $26.5 million. Investors include Sutter Hill Ventures, Village Ventures, Permit Capital and a subsidiary of Marshall & Ilsley Corporation.





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