WALTHAM, MA, October 22, 2002 – GoldK, a leading provider of employer-sponsored online retirement plans, announced today that it has implemented the automated mutual fund trading platform offered by Matrix Settlement & Clearance Services, LLC ("MSCS"). GoldK and MSCS can now enable bank trust departments to automate mutual fund transactions and reconciliation for retirement-plan customers.

"Bank trust departments have a desperate need to get out of a manual processing environment and automate," said John Bosley, vice president and managing director at GoldK. "Teaming with MSCS is a terrific new relationship for us. Our combined capabilities complement each other perfectly, giving us the ability to deliver a service that is truly distinct in the market."

Added John Moody, president of MSCS, "Delivering files to trust departments in formats that are specifically prepared for an automated upload gives our customers a real advantage over their competition. They gain better efficiency and accuracy, and at a reduced expense."

GoldK currently serves as an outsourced provider of retirement-plan services for many banks and trust companies. One of them is Anawon Trust, a bank based in Attleboro, Massachusetts that offers investment management, estate and financial planning and employee benefit plans to its clients. Jean Ronn, senior vice president and chief trust officer at Anawon, believes that the new GoldK/MSCS service fits a pressing need most banks have. "Customers expect timeliness and accuracy in their retirement-plan transactions," Ms. Ronn said. "This new automated link to our Charlotte trust accounting system gets the job done for our Internet-based retirement product in a way that hasn’t been possible before. We will save a significant amount of time and eliminate the chance of errors. We have enjoyed tremendous success thus far in offering GoldK retirement plans and once again, GoldK is delivering another great enhancement."

About GoldK
Available through leading financial advisors and institutions, GoldK delivers low-cost and efficient services that greatly reduce the administrative burdens on retirement plan sponsors and enhance the ability of participants to interact with their plan. GoldK’s progressive technology and its experienced staff of retirement-plan professionals combine to give plan sponsors of any size access to some of the most sophisticated retirement plans available today. Features include complete electronic plan administration and record keeping, a multi-manager platform with a wide array of investment choices from many of America’s leading mutual fund families, a self-directed brokerage option, around-the-clock account access over the Internet or telephone, live-chat online customer service and Retire Today, a daily electronic newsletter for retirement investors. GoldK was recently named the retirement industry’s "Online Provider of the Year" by Defined Contribution News, a newsletter published by Institutional Investor, Inc.

About Matrix Settlement & Clearance Services
Matrix Settlement & Clearance Services, LLC is a joint venture between Matrix Bancorp, Inc. and OPTECH Systems, Inc. Using state-of-the-art technology combined with the power of the National Securities Clearing Corporation’s (NSCC) Fund/SERV system, MSCS is an industry leader in the processing of mutual fund clearing and settlement services for banks, broker/dealers, trust companies, third-party administrators and registered investment advisors. Its vision is to revolutionize the way mutual funds are traded and their positions are reconciled, setting a new industry standard. Matrix Bancorp, Inc., established in 1993, is a publicly held unitary thrift holding company that focuses on traditional banking, mortgage banking and administration through several subsidiaries.

CONTACT: Bill Benintende
GoldK
781-693-4651
bbenintende@goldk.com