Cara Byrne Appointed President and CEO of BMSI Holdings, Inc.

Business Wire, Inc.

OKLAHOMA CITY--(BUSINESS WIRE)-- The Board of Directors of BMSI Holdings Inc., announced today that Cara Byrne, a long time officer of the company, has been named President and CEO of the Companies.

In her new role Ms. Byrne will oversee the strategic operations of BancInsure and Matterhorn Financial Services. Cara Byrne has been a valued part of the BancInsure team since the inception of the company in 1985, holding a number of positions in marketing, corporate operations, and underwriting. Most recently she held the position of Vice President of Property and Casualty Underwriting for BancInsure.

“Cara’s contribution to the success of BancInsure over the years is immeasurable,” stated Galen Pate, Chairman of the Board of Directors. “This appointment is reflective of the board’s commitment to our customers, association partners, employees, and our faith in Cara’s leadership skills. She has been instrumental in the profitable success of our underwriting efforts and the strength of our industry relationships. We look forward to the positive impact she will have on the Companies in her new role as President and CEO.”

“I am honored to have this opportunity,” commented Byrne. “BancInsure has been a significant part of my life and I am thrilled to be able to serve the company, its owners, and our employees in my new role. We are planning on 2012 being a great year for the company and I am confident in our team’s ability to deliver on this. Our first priority is to launch the A rated paper via the BancInsure Program as we committed earlier this year.”

BancInsure has been specifically dedicated to the nation’s community banks for 25 years and retains an excellent business position strengthened by continued close ties to community banks and independent insurance agents serving the niche market. In addition, BancInsure is proud to have earned the endorsement of several state banking associations.

A full-line independent insurer specific to financial institutions, BancInsure's understanding of financial institutions and their intricate operations is unmatched in the marketplace. This translates to extraordinary value through complete risk mitigation and risk management solutions. Headquartered in Oklahoma City and licensed in 48 states, BancInsure has proudly earned an industry leading market share. www.bancinsure.com