White River Capital, Inc. Selects McGladrey & Pullen, LLP as New Auditor

INDIANAPOLIS--White River Capital, Inc. (AMEX:RVR) (“White River”) today announced that the Audit Committee of its Board of Directors has selected McGladrey & Pullen, LLP (“McGladrey”) as its independent registered public accounting firm for the year ending December 31, 2007. McGladrey was appointed effective today, November 7, 2007.

Martin Szumski, Chief Financial Officer, stated, "Beginning last August, under the direction of our Audit Committee, White River conducted a process to select independent auditors for the upcoming fiscal year as we concluded Deloitte & Touche LLP was no longer an appropriate firm for White River due to the size and scope of our business. Based on that evaluation, the Audit Committee selected McGladrey. McGladrey has strong experience in our industry and represents an excellent fit with our accounting and auditing needs. We look forward to working with them in the future.”

ABOUT WHITE RIVER, COASTAL CREDIT AND UAC

Founded in 2004, White River is the holding company for Coastal Credit LLC and Union Acceptance Company LLC.

Coastal Credit LLC is a specialized auto finance company, headquartered in Virginia Beach, Virginia, engaged in acquiring sub-prime auto receivables from both franchised and independent automobile dealers which have entered into contracts with purchasers of typically used, but some new, cars and light trucks. Coastal Credit then services the receivables it acquires. Coastal Credit commenced operations in Virginia in 1987 and conducts business in 22 states – Alaska, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Kansas, Louisiana, Maryland, Mississippi, Nevada, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Washington – through its 17 branch locations. The Coastal Credit receivables portfolio, net of unearned finance charges, was $98.5 million at September 30, 2007.

Union Acceptance Company LLC is a specialized auto finance company, based in Indianapolis, Indiana, which holds and oversees its portfolio of approximately $19.4 million in non-prime auto receivables, as of September 30, 2007.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

Additional information about White River is available at White River’s web site located at: www.WhiteRiverCap.com.

This site includes financial highlights, stock information, public filings with the U.S. Securities and Exchange Commission (the "SEC"), and corporate governance documents.

The SEC public filings available for review include but are not limited to:

• its Annual Report on Form 10-K for the year ended December 31, 2006,
• its Proxy Statement on Schedule 14A dated April 19, 2007, and
• its Quarterly Report on Form 10-Q for the quarter ended June 30, 2007.

White River’s public filings with the SEC can also be viewed on the SEC’s website at: www.sec.gov.