HTHR Hawthorne Finl (MM)

Hawthorne Savings Announces New Home Advantage Equity Line EL SEGUNDO, Calif., Feb. 6 /PRNewswire-FirstCall/ -- Hawthorne Savings, F.S.B. ("Hawthorne"), a subsidiary of Hawthorne Financial Corporation , announces the availability of the Home Advantage Equity Line, the newest addition to the Bank's product portfolio. Home Advantage offers customers the opportunity to borrow against the equity in their homes in amounts from $10,000 to $250,000 -- the difference between what the property is worth and what is still owed. Hawthorne offers borrowers several special benefits with Home Advantage Equity Line: no application fees*; free checks**; no annual fee assessed for one year***; no minimum draw; and 24/7 online access to account information. Home Advantage Equity Line makes debt consolidation easy with an interest rate lower than most credit cards and loan payments may also be tax-deductible(1). Potential borrowers are invited to pick up an application at any of Hawthorne's 15 branches or to call their loan specialists at 1-800-838-0277. Hawthorne Savings strives to make a positive impact on the lives of those people that live and work in the communities surrounding its branches by creating a friendly and customer-service-based atmosphere and by partnering with many community-enrichment programs and non-profit organizations. Integral to these relationships, the Bank encourages employees to volunteer at community events around Southern California. Hawthorne has a special 3-year relationship with the Estelle Van Meter Multipurpose Center and Youth Opportunities Unlimited, and maintains other long-term partnerships including Operation HOPE, Inglewood Neighborhood Housing Services, St. Margaret's Center and the Richstone Family Center. Hawthorne also sponsors a special honor roll program, scholarships and a summer reading program for children. About Hawthorne Savings Hawthorne Savings, F.S.B., an El Segundo, California-based financial institution, and federally-chartered savings bank, was incorporated in 1950 and commenced operations on May 11, 1951. The Bank's 15 full-service retail branches are located in the coastal communities of Southern California, from Westlake Village to Mission Bay in San Diego, with its newest branches located in Baldwin Hills and Irvine. Hawthorne Savings maintains a strong presence in the South Bay region of Los Angeles County and was voted 'Best Bank in the South Bay' for three of the last four years. Hawthorne also offers construction and permanentfixed and adjustable rate loan programs for single-family, multi-family, income and commercial properties in Southern California. For more information, please call 888-TRUE-411 or visit the bank online at http://www.hawthornesavings.com/ . Annual Percentage Rate (APR). This account has a variable rate feature. Current rate is 4.00% with a 4.00% APR as of February 1, 2004. Rate subject to change without notice. Maximum APR is 18%. Property insurance is required. *An appraisal fee of approximately $300 may be charged which must be paid by check prior to opening the account. If account is closed before the third anniversary of the opening of the account, an Early Closure Fee of $500 will be assessed. **First box of checks is free. There is anominal charge for subsequent boxes of checks. ***An annual fee of $50.00 will be imposed beginning on the first anniversary of the opening of your Account and on each anniversary thereafter during the Draw Period. (1) Please consult your tax advisorregarding tax deductibility DATASOURCE: Hawthorne Savings, F.S.B. CONTACT: Michelle Menna, Marketing Liaison of Hawthorne Savings, F.S.B., +1-310-725-1866 Web site: http://www.hawthornesavings.com/

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