FOR IMMEDIATE RELEASE

MidCountry Financial Corp adds new roles for two top executives
Heights Finance's Tim Stanley and Pioneer Services' Tom Holcom gain additional responsibilities with parent company

MACON, Ga. (10-18-10) Timothy L. Stanley, president and CEO of Heights Finance Corporation, and Thomas H. Holcom, Jr., chief executive officer (CEO) of Pioneer Services, were elected chief operating officer and chief strategy officer, respectively, of MidCountry Financial Corp, the parent company of both organizations. The positions were effective Oct. 1, 2010.

Stanley will keep his current responsibilities, but add to them the oversight of the human resources, legal, and operations functions of MidCountry Financial, as well as ongoing corporate-wide initiatives. Holcom will also maintain his current role with Pioneer Services, while working on the strategic planning process and direction for all of MidCountry Financial, including its subsidiaries.

"The combined experience of both Tim and Tom, and their new responsibilities, will add tremendous value to our organization," said Robert Hatcher, president and CEO of MidCountry Financial Corp. "By adding their expertise and skills to these new areas of responsibility, we will be able to build on the successes we’ve already achieved while providing even better service to our customers.”

Stanley has 30 years of experience in the consumer finance industry, and is familiar with taking on multiple roles—he served as interim president of MidCountry Bank in 2010, while still serving as president at Heights. His career at Heights Finance began in 2003, and he now leads 440 team members who work in more than 100 offices in six states. Stanley is also active in several professional organizations, including the American Financial Services Association (AFSA), where he has twice served as chairman of the Independents’ Section board of directors, and currently serves on AFSA's executive committee. In 2009, AFSA recognized his service with their highest honor: The Distinguished Service Award.

Holcom has 44 years in the finance and banking industries, and joined Pioneer Services in 1985. His leadership has been instrumental in making Pioneer Services the leader in military lending, with more than 1.3 million military families assisted during that time. Holcom has been honored with several awards for his leadership and community service, including the American Business Awards' "Executive of the Year – Financial Services" in 2009, and the U.S. Army's "Outstanding Civilian Service Medal" in 2010.