TMEB Terme Bancorp Inc (CE)

Terme Bancorp, Inc. (Pink Sheets: TMEB) announced today that, through its Terme Management subsidiary, it acquired certain assets of Lockman Construction, Inc., an Alsip, Illinois based property management company. The acquisition included all assets of Lockman�s business operations. Lockman Construction has provided property management, repair/rehabilitation, inspection and preservation services in the Chicago metropolitan area for over 17 years. Donald Lockman, the company�s founder, will continue in his role as General Manager. �Mr. Lockman�s continued commitment to the business he built will ensure a smooth transition of operations and assist with achieving Terme�s anticipated future growth of this line of business,� said John G. Yedinak, CEO/President of Terme Bancorp. �The Lockman acquisition is consistent with Terme�s strategic plan for investing in, rehabilitating, managing and disposing of residential and commercial real estate assets.� Terme plans to expand the Lockman operations geographically, and also offer other value-added property services such as servicing, marketing, sales, and asset management. Other terms of the transaction were not disclosed. About the Companies: Terme Management, Inc. is a wholly owned subsidiary of the Company focused on asset investment, disposition, servicing, and management. Terme Bancorp, Inc. is headquartered at 5818 S. Archer Rd. in Summit, Illinois and can be found on the Internet at http://www.termebancorp.com.