FDIC Orders Online Bank Auction of Tow Truck and Vehicles from New Frontier Bank

GREELEY, Colo., Sept. 10 -- Penny Worley Auctioneers (www.WorleyAuctioneers.com) announces the online auction of tow trucks and vehicles from New Frontier Bank, according to Jerry Jenkins.

"These tow trucks, pickup trucks and vehicles from New Frontier Bank will sell to the highest bidder," explained Jenkins. "This is a great opportunity for small business owners to buy trucks at a great value, especially in a bad economy."

Vehicles in this online bank auction comprise over 30 lots, including 13 tow trucks, plus several cars, SUV's, pickup trucks and a minivan.

Jenkins said the vehicles are repossessed assets from New Frontier Bank and were ordered sold by the Federal Deposit Insurance Corporation (FDIC) as receivership of the bank. In 2008, Penny Worley Auctioneers was named an official auctioneer for the FDIC.

The online auction is open to the public. Bidding ends September 27. Vehicles may be previewed in person on Saturday, September 26, from 11am to 5pm. Bidders must register prior to bidding. For more information, visit www.WorleyAuctioneers.com, or call Jerry Jenkins at (513) 313-9178.

Penny Worley Auctioneers conducts auctions throughout the United States, including over 100 auctions in 2008. The company is a member of the National Auctioneers Association, the Ohio Auctioneers Association and the Certified Appraisers Guild of America, National Association of Realtors & Ohio Association of Realtors and Members of the Cincinnati and Dayton Home Builders Association.