FLAHERTY FUNDING OPENS A NEW BRANCH IN GENEVA

Rochester, NY -- September 20, 2005 -- Flaherty Funding, a Rochester- based mortgage banker, announces the grand opening of a new branch office and the addition of Claudette Cooley as Branch Manager.

The new Flaherty Funding Branch Office is located at 70 Castle Street in the heart of Geneva, New York.

Claudette Cooley has been serving the mortgage and financial needs of residents in the Finger Lakes area for more than 30 years. She is originally from Geneva and continues to be well respected within the banking community. Claudette is also a member of the Geneva Area Chamber of Commerce. She currently resides in Seneca Falls, New York.

Flaherty Funding Corporation is a Licensed Mortgage Banker, 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.