03.08.2005 12:00:00

Donnalee DeMaio Named President of MetLife Bank

MetLife, Inc. (NYSE: MET) today announced that DonnaleeA. DeMaio has been named President of MetLife Bank. DeMaio previouslyserved as Chief Financial Officer for MetLife Bank. As a member of theBank leadership team, she made significant contributions as MetLife'sbanking affiliate experienced rapid growth, seeing its deposits jumpten-fold from $354,000 in 2002 to more than $3.56 billion as of June30, 2005. The Bank has become a strategic business unit for MetLife,as nearly 80 percent of its 95,000 customers are new to MetLife.

"In the three years that Donnalee has been with MetLife Bank, shehas proved to be a key contributor on the Bank's senior leadershipteam, providing tremendous oversight and strategic direction for itsfinancial operations," said C. Robert Henrikson, president & chiefoperating officer of MetLife, Inc. "Donnalee has a strong backgroundand extensive industry experience. As president, I know she willeffectively guide MetLife Bank toward continued growth by leveragingits diverse distribution channels and competitive savings and mortgageproducts to make the Bank an even bigger contributor to the MetLifesuccess story."

DeMaio succeeds Shailendra Ghorpade, who will be joining MetLife'sexpanding International Operations to head its Institutional Businessoperations, as well as the New Business Development and Marketing &Product Development functions. Ghorpade will remain a member ofMetLife Bank's Board of Directors.

"With the Bank's strong brand name, unique distribution model andsavings rates that are consistently among the highest in the nation,we are well positioned for success," said DeMaio. "Moving ahead, wewill leverage these strengths to deliver products that ultimatelyenable MetLife Bank to further the MetLife vision to build financialfreedom for its customers. I'm excited to continue our growthtrajectory as we help consumers meet their goals with leading-edgesavings and mortgage products."

Prior to joining MetLife, DeMaio was a partner withPricewaterhouseCoopers in the Banking Practice of the national office.

DeMaio received a bachelor's degree from Muhlenberg College,graduating summa cum laude. She is a Certified Public Accountant andCertified Internal Auditor. She is on the board of directors forRegional Business Assistance Corporation, a supporter and sponsor ofINROADS, and a member of both The American Institute of CertifiedPublic Accountants and The New Jersey Society of Certified PublicAccountants.

MetLife views the Bank's savings products, as well as itsresidential mortgage program, as natural additions to its suite ofprotection and financial products, helping to build and deepencustomer relationships. Headquartered in Bridgewater, NJ, MetLife Bankoffers CDs, money market accounts, high-yield savings accounts, IRAsand mortgage products and home equity loans to consumers in a varietyof ways: through a website (www.metlifebank.com), a dedicated callcenter (1-866-BankMet), or through thousands of MetLiferepresentatives and independent agents across the country who areauthorized to provide information on Bank products. In addition, asthe country's number-one provider of employer-sponsored voluntarybenefits, serving more than 30,000 companies, including 88 of the top100 companies in the Fortune 500(R), MetLife provides its bankofferings to employees of its Institutional customers.

MetLife, Inc. is a leading provider of insurance and otherfinancial services to millions of individual and institutionalcustomers throughout the United States. Through its subsidiaries andaffiliates, MetLife, Inc. offers life insurance, annuities, automobileand homeowner's insurance and retail banking services to individuals,as well as group insurance, reinsurance and retirement and savingsproducts and services to corporations and other institutions. Outsidethe U.S., the MetLife companies have direct insurance operations inAsia Pacific, Latin America and Europe. For more information, pleasevisit www.metlife.com.

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