Board of Visitors Member Thomas Bunn ('75) joins SquareTwo Financial's Board of Directors

Former KeyCorp executive to help oversee debt purchasing company

DENVER, Dec. 14, 2010 /PRNewswire/ — SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, today announced that Thomas W. Bunn, former vice chairman at KeyCorp, has joined the SquareTwo Financial board of directors.

Bunn served as vice chairman at KeyCorp and president of Key National Banking from 2005 until 2008. In this role he was responsible for multiple lines of business, including corporate and investment banking; real estate banking; equipment finance; global treasury management; bank capital markets; and Victory Capital Management. Bunn joined KeyCorp in 2002 as president of Key Corporate and Investment Banking. During his tenure at Key, Bunn served as a member of the management committee and executive council, as well as a director of both KeyBank, N.A., and Victory Capital Management. Prior to joining Key, Bunn was the managing director and head of global debt capital markets at Bank of America, where he served for 24 years.

“Tom has extensive experience in the financial services industry and is universally respected by banking and finance professionals,” said Paul A. Larkins, president and CEO of SquareTwo Financial. “He is our eighth board member, and we are fortunate to add yet another highly accomplished strategically-minded professional to our board.”

“SquareTwo Financial is uniquely positioned for growth and excellence in the debt purchasing and asset management industry,” said Bunn. “Paul Larkins has put together a solid executive leadership team, as well as an impressive core of directors, and I’m excited to be elected to help guide this innovative, growing company.”

Bunn earned his bachelor’s of science degree in business administration from Wake Forest University and his MBA in finance from the University of North Carolina at Chapel Hill. He is a member of the Wake Forest University board of trustees and the Babcock School of Business board of visitors. He also serves on the board of Southern Weaving Company and is on the board of advisors for Sound Harbor Partners.

About SquareTwo Financial:

SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. Fortune 500 companies in the health care, automotive, banking and credit card industries trust SquareTwo Financial to manage their debt portfolios. The company’s national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver, Colo. Visit www.squaretwofinancial.com for more information.

SquareTwo Financial Website: www.squaretwofinancial.com