First Financial Network, Inc. Announces $135 Million Commercial Loan Portfolio Offering

OKLAHOMA CITY, March 27 /PRNewswire/ -- First Financial Network, Inc., the nation's leading loan sale advisor, announced the offering of a $135 million commercial loan portfolio today. The portfolio is being marketed on behalf of a money center bank. Founded in 1989, First Financial Network is the most experienced U.S. loan sale advisory firm, having originally assisted the Resolution Trust Corporation with the disposition of billions in loans during the bailout of the S&L crisis. This experience bodes well as other financial institutions seek to mitigate risk as the economy cycles again into uncertain times.

First Financial Network will market and manage all facets of the sale of $135 million in performing and non-performing loans located nationwide. The portfolio is comprised primarily of C & I loans and has been divided into 33 pools based on loan type, performance, collateral, and borrower concentration. Bid Packages are currently available to qualified investors on First Financial Network's website.

Bliss Morris, President and CEO of First Financial Network, said, "We have seen a significant increase in the volume of loans we are bringing to market as financial institutions struggle to manage risk in these uncertain economic times. We have slated two additional offerings for 2Q2008 and anticipate that number to continue to escalate as we are busy providing valuation services on behalf of a number of financial institutions."

First Financial Network will initiate a highly targeted marketing campaign aimed at procuring sophisticated purchasers in order to obtain maximum value on the portfolio. The company will utilize its online Loan Trading Platform(TM) to image loan documentation and provide qualified investors with immediate access to due diligence information and the opportunity to place bids. Investor due diligence is scheduled to begin March 31, 2008 and bids will be taken April 29, 2008. For additional details regarding the offering, please call 405.748.4100.

About First Financial Network:

Since its founding in 1989, FFN has defined the loan sale industry, selling billions of dollars in loans and other assets in 28 countries. The nation's leading loan sale advisor, FFN currently serves more top 25 banking institutions than any other firm in the nation. In addition, the company serves as loan sale advisor for agencies of the Federal government, commercial banks, major foreign banks and other lenders. The company's online Loan Trading Platform(TM) and Metrics(TM), an integrated transaction management system, are used in conjunction with exceptional marketing techniques to achieve optimal value in today's secondary market. For further information, call 405.748.4100 or visit http://www.firstfinancialnet.com/

Contact: Merrie Duncan
First Financial Network, Inc.
Ph: 800.245.8695
mduncan@firstfinancialnet.com

First Call Analyst:
FCMN Contact:

Source: First Financial Network, Inc.

CONTACT: Merrie Duncan of First Financial Network, Inc., 1-800-245-8695,
mduncan@firstfinancialnet.com

Web site: http://www.firstfinancialnet.com/

2008-03-27 16:43:38 0321795 PRNEWSWIRE