LendingTree, Inc., an online loan marketplace and loan exchange technology provider,

on March 7 obtained commitments and signed agreements in conjunction with a financing package of $45 million.

The package consists of $21 million raised

through the sale of approximately $13 million in convertible preferred stock and arranging two lines of credit for $7.5 million. The company also received a commitment for a $24 million line of common equity financing.

Investors in the 8 percent convertible preferred stock include Capital Z Partners, Ltd., the company's largest investor, Zions Bancorporation, owners of Digital Signature Trust Company, and other affiliated private

investors. One of the $7.5 million lines of credit is a $5 million line arranged with the Union Labor Life Insurance Company (ULLICO), the company's second largest investor.

"We are very pleased with the structure of this financing package," said Doug Lebda, LendingTree's founder and CEO. "The $21 million in funds received from the sale of convertible preferred stock and the two credit facilities, plus the company's $12.7 million in cash as of Dec. 31, 2000, is enough to fund LendingTree's operations until we expect to earn positive

cash operating income (EBITDA) in the first quarter of 2002."

The $24 million commitment for a line of common equity financing was arranged with Paul Revere Capital Partners, Ltd. This line permits

LendingTree to sell common stock when and if desired by the company during the

next 24 months, subject to certain restrictions.

These offerings will be private placements under the Securities Act of 1933. The securities will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an

applicable exemption from the registration requirements. LendingTree has agreed to file a registration statement covering resales of the common stock by the investors.

About LendingTree, Inc.

LendingTree is an online loan marketplace and loan exchange technology provider. LendingTree's loan exchange technology, Lend-X(SM), powers the online loan marketplace at LendingTree.com, as well as the online

lending offerings of other institutions.

At LendingTree.com qualified consumers may receive multiple loan offers, within one business day, in response to a single loan request for home mortgages, home equity loans,

personal loans, automobile financing loans, and credit cards. More than 100 banks and lenders compete for consumers' business in the LendingTree loan marketplace at www.lendingtree.com, providing consumers with an unprecedented level of control over the lending process, by enabling them to compare and

review multiple loan offers and accept the loan offer that is best for them.

The banks and lenders in the LendingTree marketplace generate new business that meets their specific underwriting criteria at reduced acquisition costs.

For more information, or for a full listing of the more than 100 banks and lenders in the Lending Tree marketplace, visit www.lendingtree.com or call 704-541-5351.

About Zions Bancorporation

Zions Bancorporation is a financial services

company consisting of a collection of banks. Under local management teams and community identities, Zions operates more than 350 full-service banking offices in Arizona, California,

Colorado, Idaho, Nevada, New Mexico, Utah and Washington.

Through its subsidiary, Digital Signature Trust,

the company is proviodes Internet identity credentials.

Investor information and links to subsidiary banks can be accessed at

www.zionsbancorporation.com.

About Capital Z Partners

Based in New York, Capital Z Financial Services Fund II, LP (CZF II) is a $1.85 billion global private equity fund that focuses exclusively on

investments in traditional and online financial services companies.

CZF II, which was formed in August 1998, is managed by Capital Z Partners, a global

alternative asset management firm headquartered in New York City with offices in San Francisco, London and Hong Kong. Capital Z Partners also manages Capital Z Investments, L.P., a $1.5 billion fund which focuses exclusively on

investments in private equity funds, hedge funds and other alternative investment vehicles. Since 1990, Capital Z Partners and its predecessor funds have invested in excess of $1.8 billion in over 70 transactions -- including in excess of $450 million in e-finance businesses.