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Growth at Thrivent Financial Bank triggers expansion to downtown Appleton

Approximately 100 bank employees relocating to City Center East

APPLETON, Wis. (Aug. 18, 2008) – Even during these tough economic times, Thrivent Financial Bank, a wholly owned subsidiary of Thrivent Financial for Lutherans, is experiencing significant success. Thrivent Financial Bank has achieved 43 percent growth in assets over the past five years, bringing total assets as of June 30 to $503.7 million. In addition, total loans from Thrivent Financial Bank have increased 74.9 percent since 2003, including 11 percent in the first six months of 2008.

To accommodate this growth and the need for additional space, Thrivent Financial Bank is relocating 100 employees to the City Center East office building located at 122 E. College Ave. in downtown Appleton. The new space will allow for 30 percent more room to meet future needs of the organization. Currently, bank employees are located at the branch on Milestone Drive in Appleton and the Thrivent Financial Ballard Operations Center. The transition to City Center East is expected to take place Sept. 15.

“Our growth is a testament to our principle of stewardship and the trust our clients put in us,” said Todd Sipe, Thrivent Financial Bank president and chief executive officer. “Due to our growth, we are thrilled to be expanding Thrivent Financial Bank with an additional location in the Fox Cities.”

Thrivent Financial Bank operations and trust staff will be located in City Center East. Clients will have access to trust and investment services at the new location. Other branch services for clients will not be available at the downtown location at this time. Tellers, lobby, drive-through and ATM services will continue at Thrivent Financial Bank’s current location on Milestone Drive near Ballard Road.

Thrivent Financial presence in downtown Appleton
The location at City Center East positions Thrivent Financial Bank as a neighbor to the Thrivent Financial for Lutherans regional financial office, which serves more than 67,000 Thrivent Financial member households throughout Northeast Wisconsin and Upper Michigan with a broad range of financial products and services.

“Thrivent Financial is committed to the Fox Cities and strives to be a good community partner and neighbor,” said Jon Stellmacher, executive vice president and chief administrative officer of Thrivent Financial. “We hope our increased presence in downtown Appleton will only add to its success as a strong business center.”

About Thrivent Financial for Lutherans
Thrivent Financial for Lutherans is a Fortune 500 financial services membership organization helping nearly 3 million members achieve their financial goals and give back to their communities. Thrivent Financial and its affiliates offer a broad range of financial products and services including life insurance, annuities, mutual funds, disability income insurance, bank products and more. As a not-for-profit organization, Thrivent Financial sponsors national outreach programs and activities that support congregations, schools, charitable organizations and individuals in need. For more information, visit www.thrivent.com.

Securities are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN, 55415-1665, 800-THRIVENT (800-847-4836), a wholly-owned subsidiary of Thrivent Financial for Lutherans. Member FINRA. Member SIPC.

Bank products and trust services are offered through Thrivent Financial Bank, 2000 E. Milestone Dr., Appleton, WI 54919-0006 (Member FDIC, Equal Housing Lender), a wholly owned subsidiary of Thrivent Financial for Lutherans. Insurance, investment products, securities, trust, and investment management services and accounts are not deposits, are not FDIC insured, are not insured by any federal government agency, and are not guaranteed by Thrivent Financial Bank. Variable insurance contracts, investment products, trust, and investment management accounts may go down in value.

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Quick Facts

Assets under management as of 12/31/08: $61.9 billion.
Fortune 500 ranking: 409.
A.M. Best rating: A++ (Superior)
(April 2009).
2008 charitable impact: $309.8 million.
View More Facts and Financials

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Appleton Office:
4321 N. Ballard Road
Appleton, WI 54919-0001 USA

Minneapolis Office:
625 Fourth Avenue S.
Minneapolis, MN 55415-1624 USA

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Insurance products issued by Thrivent Financial for Lutherans, Appleton, WI. Not all products are available in all states. Products issued by Thrivent Financial for Lutherans are available to applicants who meet membership, insurability, U.S. citizenship and residency requirements. Securities and investment advisory services are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415, a FINRA and SIPC member and a wholly owned subsidiary of Thrivent Financial for Lutherans. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc. They are also licensed insurance agents of Thrivent Financial.

Bank products and trust services are offered through Thrivent Financial Bank, (Member FDIC, Equal Housing Lender), a wholly owned subsidiary of Thrivent Financial for Lutherans. Insurance, securities, investment advisory services, and trust and investment management accounts are not deposits, are not guaranteed by Thrivent Financial Bank, are not insured by the FDIC or any other federal government agency, and may go down in value.

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