Article: American Business Financial Services Announces Promotion of William D. Kaiser to President of Newly Formed American Business Mortgage Services.

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BALA CYNWYD, Pa.--(BUSINESS WIRE)--Oct. 16, 2000

Industry Veteran To Lead Alliance Marketing and B2B e-Commerce

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American Business Financial Services, Inc. (Nasdaq:ABFI) today announced that William D. Kaiser has been promoted to the position of President of American Business Mortgage Services, ABFI's newly formed business-to-business marketing division.

Kaiser, in his year as an executive in the Company's Consumer Mortgage Group, was responsible for many of that group's productivity gains. In his new role, he is bringing that expertise to American Business Mortgage Services (ABMS).

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