PrimeVest Signs The Honesdale National Bank and Pen Air Federal Credit Union

PrimeVest Financial Services, a leader among broker-dealers serving financial institutions exclusively, announced today that it has recently signed The Honesdale National Bank (Honesdale, Pa.) and Pen Air Federal Credit Union (Pensacola, Fla.) to full-service brokerage agreements. Both The Honesdale National Bank, with $477 million in assets, and Pen Air FCU, with $937 million in assets, have moved to PrimeVest from other broker-dealers.

"We're excited to welcome Honesdale and Pen Air into our family," said PrimeVest President and CEO Catherine Bonneau. "We're looking forward to helping them serve their clients and members."

The Honesdale National Bank, which signed a five-year contract, will privately label PrimeVest's investment program as HNB Financial Services. Paul Vitiello will serve as the lead financial professional and Ray Ceccotti will act as program manager.

Pen Air FCU, which signed a three-year contract, will privately label PrimeVest's investment program under the Pen Air Investments and Insurance moniker. The program will be staffed by financial professionals Scott Mann, Rodney Randle and Steve O'Reilly who will serve in a dual role as financial professional and program manager.

"We chose to partner with PrimeVest because of its excellent word-of-mouth reputation and its commitment to the financial institution channel," said O'Reilly.

About PrimeVest

PrimeVest Financial Services is a self-clearing broker-dealer serving the clients of nearly 600 financial institutions in 50 states and Guam. PrimeVest makes it easier for financial institutions to succeed by delivering innovative investment and insurance solutions, comprehensive support and a flexible program structure. PrimeVest is a member of the Depository Trust and Clearing Corporation (DTCC), the Securities Investors Protection Corporation (SIPC), and Financial Industry Regulatory Authority (FINRA). PrimeVest is not affiliated with the financial institutions where investment services are offered.

Securities and insurance products offered by PrimeVest are not FDIC/NCUSIF insured; may go down in value; not financial institution guaranteed; not a deposit; and not insured by any federal government agency.

About ING

ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 85 million private, corporate and institutional clients in more than 40 countries. With a diverse workforce of about 115,000 people, ING is dedicated to setting the standard in helping our clients manage their financial future.

In the U.S., the ING (NYSE: ING) family of companies offer a comprehensive array of financial services to retail and institutional clients, which includes life insurance, retirement plans, mutual funds, managed accounts, alternative investments, institutional investment management, annuities, employee benefits, financial planning, and reinsurance. ING holds top-tier rankings in key U.S. markets and serves over 29 million customers across the nation. For more information, visit www.ing.com.

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SOURCE: PrimeVest Financial Services

CONTACT: Jayson Hron of PrimeVest, 800-245-0467, ext. 64506,
Jayson.Hron@us.ing.com

Web Site: http://www.ing.com/