Matrix Renames Subsidiary

Matrix Bancorp Inc., Denver, has announced the renaming of its subsidiary Matrix Capital Markets Inc. to Matrix Bancorp Trading Inc.Richard V. Schmitz, co-chief executive officer of Matrix Bancorp and chairman of the subsidiary, said the name change "will allow the subsidiary's customers to more readily identify the company as a subsidiary of Matrix Bancorp." The subsidiary provides consulting services to financial institutions and financial services companies in the mortgage banking industry. The parent company can be found on the Web at http://www.matrixbancorp.com.

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