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EX-IM BANK ANNOUNCES NEW HEAD OF CREDIT AND RISK MANAGEMENT

FOR IMMEDIATE RELEASE October 30, 2002

Media Contact Name/Phone: 

Marianna Ohe (202) 565-3200

The Export-Import Bank of the United States (Ex-Im Bank) today announced the appointment of John A. McAdams to the newly created position of Senior Vice President of the Credit and Risk Management Group. The establishment of the new group is part of recent overall organizational changes designed to enable the Bank to become more market focused and customer driven.

John McAdams' extensive track record in both domestic and international banking, including trade finance, will be invaluable as Ex-Im Bank increases transaction volume and streamlines the process for closing deals, particularly for small business customers, said Ex-Im Vice Chairman Eduardo Aguirre, Jr.

McAdams comes to Ex-Im Bank from the Bank of America (and predecessor banks) where he held a number of executive management positions in Washington, D.C. and Chicago, and had oversight of the Asia Pacific region. Most recently he was president of Private Bank for the Mid-Atlantic region.

In his new role, McAdams will be responsible for overseeing risk management including credit underwriting, credit review and compliance, country risk and economic analysis, and engineering and environmental analysis.

McAdams received an MBA degree from DePaul University, Chicago, IL, and a B.S. degree from Holy Cross College, Worcester, MA.

Ex-Im Bank is an independent federal government agency that helps finance the sale of U.S. exports, primarily to emerging markets, by providing loans, guarantees, and export credit insurance. In fiscal year 2002, Ex-Im Bank authorized financing to support approximately $13 billion in U.S. exports worldwide.