ARLINGTON, Texas — SFG Finance, a purchaser of paper from buy-here,
pay-here dealers, franchised stores, finance companies, banks and credit
unions, recently added three industry veterans to its team.

In light of enjoying significant year-over-year increases in
volume, SFG Finance brought in these executives:

—Adrienne Schlitz as senior vice president and manager of acquisitions
—Mike Anderson as senior vice president and manager of loan servicing
—Brad Adams as vice president of business development

Schlitz has more than 22 years of industry experience which
includes 19 years in auto finance with a focus on non-prime business.  Prior to joining SFG, Schlitz held a vice president
position and was a leader in the portfolio acquisition group of BB&T Dealer
Financial Services/Regional Acceptance Corp., where she focused on business
development and portfolio acquisitions. 

Before that time, Schlitz served as vice president at FSB
Financial where she developed and managed credit operations. 

Anderson has more than 20 years of non-prime auto finance
experience in servicing, successfully leading collections and customer
relations for several large companies. His extensive background includes
serving for many years as senior vice president of servicing for AmeriCredit
Financial Services and vice president of loss mitigation for Triad Financial
Services.

Adams brings over 20 years of experience in managing
automotive loan portfolios to SFG. His experience includes consulting start-up
BHPH operations for companies managing portfolios well above $100 million. Adams
also has a wealth of experience in other areas, including bulk purchasing,
securing lines of credit, lender audits, static pool analysis, forecast modeling
and point of sale financing. 

Adams previously served as the director of new store openings
for J.D. Byrider. Additionally, he managed J.D. Byrider locations for seven
years and was the chief executive officer of a multimillion dollar point of
sale finance company. 

"Due to our tremendous expansion we have recruited several
veteran industry experts. We are also hiring mid-level management positions in
several departments as well as 20 additional customer service personnel to stay
ahead of our growth," said Steve Burke, president and CEO of SFG Finance.

"We recently exhibited at the NABD and NIADA Conferences in Las
Vegas, and are excited about the auto environment right now," Burke continued. "This
is a wonderful time of unprecedented growth for our company and we look forward
to developing even more relationships with sellers of auto paper."

Since its inception, SFG Finance — a wholly owned subsidiary
of Southside Bank — has actively purchased and closed portfolios from dealers
and finance companies nationwide. Portfolio sizes range from $500,000 to $150
million, servicing released.  

Funding is made possible by SFG's parent bank "with the
added advantage of no need to securitize plus a more stable cost of funds,"
according to the company.

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