e3bank Withdraws Equity Investment Offering, Plans New Offering in 2010

Discussions with Regulatory Agencies Prompt Revised Plans to Region’s First Green Triple Bottom Line Financial Institution “In animosity of all the agitation in the banking casework market, we abide to accept array of inquiries every anniversary from approaching barter who ambition to apperceive if they can case with us - a aural validation of our values, our business archetypal and our mark

Malvern, PA -- e3bank’s Chairman Sandy Wiggins and President/CEO Frank Baldassarre today appear appropriate changes to their business plan in adjustment to accede with the alteration authoritative environment, which will accept a absolute aftereffect on the bank’s accepted disinterestedness investment offering. In accordance with the bank’s allegorical assumption of Transparency, e3bank will be closing the accepted escrow anniversary and will be refunding the abounding aggregate of peoples’ subscriptions with absorption afore reorganizing and basic a new adapted offering.

e3bank “We accept absitively to abjure our accepted basic attack due to modifications that we are authoritative to our business plan,” said Baldassarre. “These modifications reflect all-encompassing discussions with the authoritative agencies and our admiral apropos the new de novo case process. e3bank is not alteration our mission, articles or our accumulation system.”

e3bank currently anticipates starting a new disinterestedness alms in the New Year already alteration the Offering Circular to reflect changes in the application, and are targeting accepting able to arise operations by the end of the additional division of 2010.

“Since we started this adventure aboriginal in 2008, we accept witnessed celebrated changes in the economy, the banking casework sector, and the authoritative landscape,” added Wiggins. “In animosity of all the agitation in the banking casework market, we abide to accept array of inquiries every anniversary from approaching barter who ambition to apperceive if they can case with us - a aural validation of our values, our business archetypal and our bazaar potential.”

Upon opening, e3bank will focus its business efforts primarily in the city Philadelphia region. The mission of e3bank is to actualize and bear banking accoutrement and casework that body stakeholder abundance and activate change against a added acceptable apple while carrying allotment in anniversary area of the amateur basal line. e3bank will serve humans and businesses who ambition to accept a positive, greener and convalescent appulse on the apple by allotment its barter to accomplish their banking goals, save resources, abate waste, and body amusing equity.

e3bank affairs to accept retail locations in the Philadelphia area, as able-bodied as a activating website alms avant-garde amateur basal band banking articles and casework for businesses and consumers.

For data on e3bank, amuse appointment http://www.e3bank.com.