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Sheshunoff Consulting + Solutions Acquires Bennington Partners, LLC

Date: 11/07/2008

AUSTIN, Texas – November 7 , 2008 – Sheshunoff Consulting + Solutions (SCS), a leader in consulting services and proprietary technology solutions for the financial services industry, today announced that it has acquired Bennington Partners, LLC, a leading provider of loan review services.  This acquisition will enable SCS to provide a full range of risk services including internal audit and compliance consulting to institutions on the east coast.

Bennington Partners was formed by senior bank executives in 1989 when it began performing loan review services for Connecticut banks. The company has since grown to serve a client base of more than 100 institutions in eight states that include state and nationally chartered commercial banks, mutual savings banks, U.S. subsidiaries of foreign banks, and credit unions. Through the acquisition, Sheshunoff clients gain access to Bennington loan review services which will further assist them in controlling risk.

“This acquisition represents our continuing commitment to provide our clients with a full range of high quality risk consulting services,” said Gabrielle Sheshunoff, CEO of Sheshunoff Consulting + Solutions.  “The addition of Bennington Partners’ professional expertise and market-leading commercial loan review services will enhance our ability to effectively deliver this timely and critical service to financial institutions along the eastern U.S. coast.”   

Bennington clients will also benefit from the merger as they will be able to take advantage of Sheshunoff’s risk management expertise as well as other offerings such as consulting, technology solutions, executive development programs, and investment banking services.

“I am very excited about this opportunity, as we will now be able to make a number of audit and compliance consulting services available to our clients, in addition to the loan review service we now provide,” said Karen Rojeski, COO, Bennington Partners. “The support from Sheshunoff’s strong infrastructure for technological and product advancement will be a great resource for Bennington in our efforts to continually improve and enhance our loan review product.”

About Sheshunoff Consulting + Solutions

For more than 30 years, Sheshunoff Consulting + Solutions has been a leading financial services industry consulting firm. SCS enhances its consulting services with proprietary technology solutions, and also offers its financial industry customers executive development programs and investment banking services. Sheshunoff is a trusted advisor to the banking industry, providing institutions with the tools they need to improve profitability, optimize business processes, manage risk, maximize technology and meet regulatory requirements. Ultimately SCS positions institutions for long-term growth.

About Bennington LLC

Bennington Partners LLC, is a leading consulting firm specializing in providing loan review services to the financial services industry. Bennington helps financial institutions reduce risk and improve profitability by providing skilled expertise in all facets of lending. Since 1989, Bennington Partners’ experienced staff has been providing services to its clients in New England and throughout the East Coast. For more information about the company, visit Bennington Partners LLC.