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VirtualBank's Seniors Lending Group Expands into Orlando, Florida


5/24/2007

VirtualBank, the leader and pioneer in the online banking industry, announced today that it has opened a new office in Orlando, Florida to manage its Seniors Lending Group's increasing client base. The new office will originate reverse mortgages.

"Our Seniors Lending Group has seen significant growth, which is driving our expansion," said Al Rodriguez, President of VirtualBank's Seniors Lending Group. "I expect this growth to continue and future expansions to follow."

The office is located at 300 Primera Blvd in Lake Mary, FL and will employ 40 people.

Mortgage originators are able to view reverse mortgage options by visiting http://www.virtualbankseniors.com or calling 1-866-364-4824.

About VirtualBank

VirtualBank, a federally chartered, FDIC-insured bank, is headquartered in Palm Beach, FL. Since launching in April 2000, the online bank has transformed the way people bank by providing consumers highly personalized online banking services through a single point-of-contact for all financial transactions. VirtualBank services include traditional savings and checking accounts as well as a full array of home loan products. VirtualBank prides itself on customer service, which includes a feature that provides each accountholder a dedicated Personal Banker, a person dedicated and responsible for the customers' satisfaction.



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