Milne Scali & Company Acquires Surety Business

September 28, 2004

Richard W. Milne Jr., chairman of Phoenix-based Milne Scali & Company, a subsidiary of BNC National Bank and its parent company BNCCORP Inc., announced its acquisition of Tim Mitchell’s surety business. The transaction was effective on July 31, 2004.

Mitchell, of Denver, has over 17 years of experience in the surety industry. He began his career with the Insco/Dico Group in Irvine, Calif. and opened its new Denver office in 1995. He became president and partner of Bill Clark & Associates, a Denver brokerage firm, in 1998 where he serviced construction and developer clients on a national basis.

Milne Scali & Company, a subsidiary of BNC National Bank and its parent company BNCCORP Inc., offers a range of insurance products and services, as well as risk management and employee benefit administration, and managed health care programs, providing services to business, individual, trade and association clients nationwide.

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