Homeowners Mortgage Welcomes New Managing Director

COLUMBIA, SC – May 8, 2012 – Spence Cosby has joined Homeowners Mortgage Enterprises as Managing Director and Chief Operating Officer. Cosby will help to lead the full-service, mortgage-banking company from its headquarters in Columbia, S.C. Homeowners Mortgage Enterprises has provided the Southeastern region with home buying, renovating and refinancing services for nearly 30 years.

Cosby brings more than 30 years of experience in leading and growing a multi-state mortgage banking company. In his previous role, Cosby oversaw regional office expansion from the Carolinas to New England, strengthened investor relationships and promoted positive brand awareness. As Homeowners Mortgage Enterprises Managing Director and COO, Cosby is charged with managing day-to-day business and overseeing the growth of the company as it expands regionally. Cosby earned his Bachelor of Arts in English and History from the University of Richmond in Richmond, Virginia.

About Homeowners Mortgage Enterprises
A wholly owned subsidiary of CoastalStates Bank on Hilton Head Island, SC Homeowners Mortgage Enterprises, Inc. is a full service regional mortgage-banking firm headquartered in Columbia, SC. The company arranges and buys loans from community banks, Farm Credit Banks, mortgage brokers and credit unions throughout the Southeast. In addition, the company benefits from a strong retail presence in South Carolina and now emerging into North Carolina, making it one of the largest privately owned and most successful mortgage banking firms in the southeast. Homeowners Mortgage Enterprises, Inc. corporate offices are at 2530 Devine Street Columbia, 29205. For more information on Homeowners Mortgage Enterprises, Inc., call Claudia Satterfield at the Corporate Office at (803) 765-9932 or visit the company’s website at www.homeownersmtg.com.