BancInsure`s Chief Financial Officer to Retire, Interim Replacement Named

OKLAHOMA CITY--(Business Wire)--
Following a meeting of the board of directors last week in Oklahoma City, BMSI
Holdings, Inc. - the holding company for insurance carrier BancInsure
(www.bancinsure.com) - announced the retirement of Cynthia F. McInerney. Mrs.
McInerney has served in numerous roles, most recently as a director, Executive
Vice President, CFO, Treasurer and Secretary of the Companies. Her retirement
becomes effective November 15, 2009.

"Cindy`s presence in the organization pre-dates the inception of the first
policy. She was here on the first day of operations and her accomplishments will
continue to benefit our policyholders, shareholders, and employees well into the
foreseeable future," said Rodney N. Sargent, President & Chief Executive
Officer.

"Cindy`s impact over the years has been truly significant," said Galen T. Pate,
Chairman of the Companies. "On behalf of the entire Board of Directors, we
commend Cindy for her dedication, contributions, and commitment throughout her
career."

BMSI Holdings also announced the promotion and election of Mark Krienke to Vice
President of the Companies. Mr. Krienke, 44, was also named interim CFO,
Secretary and Treasurer until a permanent replacement is named and he will
report directly to the CEO.

"We are very fortunate indeed to have a financial professional of Mark`s caliber
already in place and immediately prepared to assume the responsibilities of the
position." said Sargent, "His in-depth knowledge of our financials and
accounting systems will allow Mark to transition smoothly into his larger
responsibilities."

Prior to his promotion, Mr. Krienke served as Director of Accounting at
BancInsure, where he was responsible for controllership, financial planning and
month-end reporting. Before coming to BancInsure, Mark was a Director at
Claimetrics, where he was instrumental in implementing accounting, claims, and
financial systems for the firm.

A graduate of Midwestern State University in Wichita Falls, Texas, Mr. Krienke
is active in his church and community.

ABOUT BANCINSURE

Headquartered in Oklahoma City, BancInsure is a full-line independent insurer,
licensed in 48 states. BancInsure holds an "A- (Excellent) with a stable
outlook" rating from A.M. Best and is endorsed by eighteen state banking
organizations.

BancInsure, Oklahoma City
Peter Risman, 210-854-7121
Director of Communications
prisman@bancinsure.com

Copyright Business Wire 2009