HOLLYWOOD, FL (April 16, 2002) -- Allied Mortgage & Financial Corporation has received an $8 million line of credit from City National Bank of Florida, Allied Chief Operating Officer Anthony Chao announced today.

"We are very pleased to be doing business with City National Bank and are looking forward to a profitable long-term relationship," said Chao. "This additional line of credit will provide Allied Mortgage with the resources needed to better serve our customer base, while satisfying an increased product demand from the market place."