Scottrade Announces Opening of First Cedar Rapids, Iowa Branch Office

New branch brings convenience of local office, online investing to Iowa Corridor

St. Louis, Oct. 9, 2007 – Scottrade, a leading branch-supported online investment firm, announces the opening of its first Cedar Rapids, Iowa branch office.

The branch, located at 5001 First Ave. SE in First City Square, opens on Monday, Oct. 15. University of Iowa alumna Brenda Bush, who has 10 years of experience in the financial services industry, will manage Scottrade’s Cedar Rapids branch.

“Our location near the Lindale Mall will be easily accessible for many of our customers in the area,” Bush said. “We are excited about bringing a local office to a growing part of town, where customers can stop in if they have questions about their accounts or would like more information about our investing services.”

Scottrade is an online stock brokerage that provides individual investors the tools and research to make their own investment decisions. Scottrade does not provide investment advice, but stock brokers are available at branch offices to answer account-related questions, provide customer service and offer tutorials on Scottrade’s online trading services.

“We feel it is important to have branch offices where our customers work and live,” said Rodger Riney, Scottrade founder, president and CEO. “While most of our customers trade online, our local branch offices allow us to provide a better customer experience for online investors.”

The Cedar Rapids branch is Scottrade’s third Iowa location and 320th office nationwide. Other branch offices in the state are located in Des Moines and Davenport.

Scottrade’s Cedar Rapids branch office is open Monday through Friday from 8 a.m. to 5 p.m. and can be reached at (319) 373-4300. For more, visit www.scottrade.com.

About Scottrade
Scottrade is a leader in branch-supported online investing. The firm serves individual investors who are comfortable making their own investment decisions. Scottrade is unique in the industry because it boasts very low commission rates while offering easily accessible, local branch office support of online trading in 319 branch office locations nationwide. Scottrade.com is the online trading site of Scottrade, Inc. and offers customers the convenience of placing many orders online for just $7 per trade. In addition to its online capabilities, Scottrade staffs each branch location with a licensed branch manager plus additional brokers and assistants. For more, visit www.scottrade.com.

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