Montgomery Financial
Corporation
119 East Main Street - P.O. Box 776 - Crawfordsville, Indiana 47933
Phone (765) 362-4710
FOR IMMEDIATE RELEASE
NOVEMBER 9, 2000
MONTGOMERY FINANCIAL CORPORATION
ANNUAL SHAREHOLDERS' MEETING HELD OCTOBER 17, 2000
CRAWFORDSVILLE, INDIANA - Montgomery Financial Corporation (NASDAQ: "MONT"),
holding company for Montgomery Savings, A Federal Association, announced that at
its annual shareholders' meeting, held on October 17, 2000, Earl F. Elliott,
Mark E. Foster and Robert C. Wright were re-elected directors for three year
terms. Shareholders also ratified the selection of Olive, LLP as auditors for
another year.
At the reorganization meeting, following the shareholders' meeting, C. Rex
Henthorn was elected Chairman and Earl F. Elliott Vice-Chairman of the
Montgomery Financial Corporation of the board. J. Lee Walden was elected
President and Chief Executive Officer, Steven W. Brier was named Vice President
and Chief Financial Officer and Nancy L. McCormick will continue as Secretary of
the Corporation.
Montgomery Savings, AFA's home office is located in Crawfordsville, Indiana, and
has other offices located in Montgomery, Fountain, Tippecanoe and Warren
Counties. Elliott, Foster and Wright were also re-elected as Directors of
Montgomery Savings, AFA for three year terms. At the Montgomery Savings, AFA
reorganization meeting J. Lee Walden was re-elected President and was elected to
replace Elliott as Chief Executive Officer. Elliott will remain Chairman of the
Board. Other officers named were: Steven W. Brier, Executive Vice President and
Nancy L. McCormick, Senior Vice President and Secretary.
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