Fred Powell Joins Homeowners Mortgage as Senior Vice President

COLUMBIA, SC – May 15, 2012 – Fred Powell is the newest member of the Homeowners Mortgage Enterprises leadership team. Powell will serve as Senior Vice President of Retail Sales for the full-service regional mortgage-banking firm headquartered in Columbia, S.C. He brings three decades of professional experience in the mortgage and banking industries, having held senior leadership roles for the past 20 years.

In previous positions with Sunshine Mortgage, J.P. Morgan Chase and Countrywide Home Loans, Powell presided over significant production volume gains; expanded branch operations and locations; and launched digital banking platforms. A long-time resident of the Atlanta area, Powell is a member of the Mortgage Bankers Association of Georgia. While new to South Carolina, his extensive knowledge of the Southeast region provides Powell with an immediate and intimate understanding of the Homeowners Mortgage service area. As senior vice president, he will oversee and help to expand the Homeowners Mortgage retail presence in 19 states.

About Homeowners Mortgage Enterprises

Homeowners Mortgage Enterprises, A wholly owned subsidiary of CoastalStates Bank on Hilton Head Island, S.C. Homeowners Mortgage Enterprises, Inc. is a full service regional mortgage-banking firm headquartered in Columbia, S.C. 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 S.C., 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.