Flaherty Funding Corp. Announces Promotion and New Employee

Rochester, NY -- July 14, 2005 -- Flaherty Funding, a Rochester- based mortgage banker, is pleased to announce the promotion of Chris Lake to Vice President of Secondary Marketing, and the addition of Mortgage Consultant, Jason Elmore.

Chris Lake brings more than 9 years of mortgage experience to Flaherty Funding. He attended St. John Fisher College and currently resides in Webster with his wife and son. He is originally from Ohio, is an avid Cincinnati sports fan and enjoys playing golf.

Jason Elmore has been in the Mortgage Business for more than 10 years. He began at Great Lakes Mortgage as a loan originator, moved to Rural Opportunities Inc. and is now a part of the Flaherty team. Jason resides in LeRoy with his wife and enjoys sports, traveling and music.

Flaherty Funding Corporation is a Licensed Mortgage Banker, with the New York State Banking Department. The company was founded in 1987 and has maintained the unique mission, of providing personalized, customized mortgage loans, while at the same time, offering low rates. If you'd like more information on employment opportunities with Flaherty Funding, visit www.flahertyfunding.com.

For more information contact: (585) 613-4707.